Mindset of Successful Professionals in 40+ category turning into founders – Part 1

We are increasingly seeing successful professionals in CXO positions turning into entrepreneurs in their 40s. Inherently, their mindset is different from younger entrepreneurs due to their experience as salaried employee as well as age. Based on my own experience and that of my friends, summarizing my insights on their mindset: They are focused on building…

Why legacy businesses find it difficult to derive value from digital?

Fintechs have shown the path of digital innovations across payments, lending, wealth, insurance etc. As their business model is almost 100% focused on digital innovations (even if overall business may be pure digital or phy-gital), they are able to leverage the innovations to create top line as well as bottomline (may be bleeding initially). Legacy…

Lending Fintechs : Aadhaar KYC challenges / Privacy issues / Tight Liquidity : What next?

In last one year, massive amount of funding has been provided to Lending Fintechs in India across Retail and SME segments. I believe more than 100 new fintechs would have started in last 12 months in these segments. In addition, Leading Payment Fintechs have also moved their business model to lending as there is not…

Insourcing of Technology: Banks are getting it right

Technology is moving fast from “cost center” to “business / value center” In my article “Key Fintech Trends of 2018”, I had predicted that banks will start moving away from outsourcing of technology and will insource key areas like customer onboarding, omnichannel platform, analytics etc. This has started happening across leading banks in India as well…

Indian Fintech Ecosystem by The Digital Fifth

Indian Fintech Ecosystem by The Digital Fifth Essentially three eras: Before 2010: Digital marketplaces generating leads for loans and insurance 2010 – 2014: Payments ecosystem growing across B2B and B2C 2015 till date: Wallets going from expansion to closure, Usage of Indiastack (Aadhaar / eKYC / UPI / eSign etc) simplifying tech, Lending Fintechs prospering,…

COO / CFO managing Digital

Till when will CFOs / COOs oversee Technology & Digital in Financial Institutions.. These areas must be “not so critical” else, CEOs would have directly handled it. As per these institutions: – Digital is feel good / PR activity – Tech is support – Business happens through branches

Fintech Roles

By year 2020, each role in Financial Institutions will have “Fintech” embedded into it. There is absolutely no possibility of any role remaining independent of tech. Sales, Marketing, Compliance, Treasury, Operations and everyone else will embrace this. Either we accept the change now or get ready to face challenges. Feel free to comment. I will…

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