Finding co-founders or founding the startup: What comes first?

When I meet professionals aspiring for setting up their Startups, I always ask “Do you have Cofounders with you?” If they don’t have co-founders, I always advise them to find co-founders with complementary skills even before setting up their businesses. It is not easy to find someone who would have similar dreams as you have…

Middle East- Region to smile and explore

We had opportunity to travel to Jordan for one of assignment in Jordan and had great insights after 4 days of interactions and travels about the region as well as payment & Fintech space First would like to share my initial thought on country and overall region Found country to very friendly and lively, full…

Hiring Practices in age of Digital transformation

For driving agenda of Digital Transformation and building up stack of digital projects which could include API driven integration, RPA, AI/ML based projects; people become core to success of the project. Key aspects of people skills make or break success are Ability to visualize through problem statement & solutioning  Work through stack of available technologies…

Banks want to become Fintechs. Fintechs want to become banks

Making amends to an old blog of mine as I did not specify exclusion of payments banks in “banks” Bankers want to join Fintechs for learning digital. Fintech professionals want to join banks for stability and scale. Banks want to invest in Fintechs. Fintechs want to work with Banks. Most banks have zero digital revenues.…

Account Aggregator NBFC: Way Ahead & The Missing Link

Account aggregator NBFC license guidelines were issued almost 3 years back. RBI has now issued license to 6 players, who will share aggregated data of customers across banks, insurers, wealth etc. This is a wonderful initiative, which will help customers / smes in sharing their financial data with third parties with complete control (what data to…

Managing 4X growth phase: Avoiding the typical mistakes

Successful early-stage startups typically see massive growth in the initial stages as their products/services start getting accepted by the market. While the actual growth numbers may not be large, it is difficult to handle the growth with limited team size and capital. Here are my thoughts on what entrepreneurs should do to handle this growth:…

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…

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…

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