Recommendations for Open API Policy in India

India FinTech Forum along with Arthimpact had organised a Fintech Policy Roundtable as a part of Fintegrate Zone 2018 to discuss – What should be India’s Open API Policy to encourage fintech innovation on 1st March, 2018. Recommendations made to the Policy Makers are: 1) There should be a policy with respect to ownership of…

Are you Inspired by Fintech Founder’s Success Story?

Its easy to get inspired by the success of Fintech founders as published in media (post funding!!!). Its another thing to do the kind of work that they do in the initial phases… That is the phase…. – when no one trusts them.. Sometimes they themselves doubt their own capabilities.. – when regular 6 /…

Too Many Intiatives?

Most banks have too many digital / tech initiatives running in parallel. It takes lot of courage to shut down unnecessary stuff. – Cut down stuff focused just on PR – Drop those which have limited customer / employee impact – Suspend those for which resources are not available – Kill initiatives for which there…

Coworking Bank Branches

Like coworking offices, there is a potential business model for coworking bank branches. These coworking branches would have a large working space with individual desks for each bank. This would be very similar to how airlines work in the airports. Common facilities like security would be provided by a third party for entire office. Benefits…

Design Vs Machine

Design starts with Human focus and Delivery starts with Machine focus. Focus on customers and deliver through machines. Use humans as an exception.

API Banking: Why and What?

Why should banks initiate API Banking? – Will give them access to new channels / partners to acquire and service their clients. – Will help in providing seamless service to corporate clients for payments, trade finance through integrations with their own ERP systems – Will enable partnerships with Fintechs for lending, payments, trade finance –…

Banks will have 30% Tech / Digital resources in next 3 years

Currently banks have 3 to 5% of their resources in Tech / Digital teams. As existing banks start competing with Digital Banks / Fintechs, they will start reconfiguring themselves as “Tech Powered Business”. Bank’s IT team would move from pure support role to business roles. This will result in dramatic increase in Tech hiring for…

Partner Business Banking

API Banking has been transforming and simplifying customer experiences ranging from smooth payment completion on Amazon to taking immediate loans from Fintechs like Happy Loans. Now, customer do not have to go to different partners to satisfy his / her needs. Despite using Ola for past many years, I still feel the joy of exiting…

#CIO and #CDO need time to learn as well as to execute

#CIO and #CDO need time to learn as well as to execute. If 100 % time is expected in execution, who will innovate? – Give them adequate and skilled teams. – Allow them to spend 20 pc time in relearning – Accept that 50 percent of innovative stuff will fail. If every failure is questioned…

Are you ready to handle proactive #Tech Teams?

Is your #tech team asking you questions like – Why do we need this project / feature ? – What will we achieve by executing the initiative? – Will this impact top line, bottom line, customer convenience, employee convenience? – How will it differentiate us from the market? – Why are we not looking at…

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