API Infrastructure Platform- Giving impetus to Startups
API Infrastructure Platforms are adding power to startups to build solutions and their go-to-market plan. These platform startups also attracting interest from investors.
David Vs Goliath- Open Banking be the Power to Drive Growth
How do small banks and FIs compete with not only bigger banks but also Big Techs like Google, Apple, Amazon getting into Financial Services? Or, How do Smaller Startup/ New Fintech/ Early stage start-up compete with not only established unicorns or soonicorns such as PhonePe, PayTM but also Big Techs? The answer lies somewhere with […]
Open Banking-Next big trend in Financial Services
Open Banking has been one of the major derivatives of API Economy or APIfication- complete evolution of new business model around Banking services delivered through APIs. Bank Open is one of the success stories around Open Banking in India where it builds a platform to provides accounting services along with Banking for SME customers. SME […]
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 […]
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 – […]
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 […]
Tech is Tech until proven Business (Part 3)
Key areas, where banks have missed the business by underplaying technology are: API Banking: APIs have been in existence for a long time in banking industry. While specific technology may have changed, but APIs were used for a long time for ATM transactions, SWIFT, Payment Gateways, CIBIL, Bill Payments etc. New innovations like IMPS, UPI […]
Reskilling – Avoid Career Death
As banking industry moves through massive transformation, there will be major change in skill needs of the bank. Need for large teams in back office and sales will come down. The skills in demand would be: – Data science / analysis – API implementation and sales – Recon – Customer experience management – Program management […]
Best Omnichannel Platform
Which is the best omnichannel platform? Which all channels are available on this platform? Does it get integrated well with backend systems including core platform, payments, loan origination? Does it provide ready to use APIs fot other systems and Fintechs? How flexible is UI / UX for the users? How long does it take to […]