How is DEPA transforming India’s Financial Landscape?
How is DEPA transforming India’s Financial Landscape? The Data Empowerment and Protection Architecture(DEPA) is a consent-based data-sharing framework created by NITI Ayog. Exponential growth in smartphones and reduction in internet bandwidth has generated tremendous individual data. This data encompasses both structured data and unstructured data. Structured data includes financial information, taxation, business, utilities, and unstructured […]
Are you Setting up Lending Fintechs / NBFC : Where to start? Part 2
Getting it Right: Product Market Grip Credit needs are never the primary needs of the customer. Customers are driven by their need to buy a product like a car or a service. When we are building a Digital Lending business for a segment of our choice, we have to focus on the following elements: Customer […]
Reset your Career- Rejig the Growth
We are in the midst of one of the worst crises human history would have ever seen, and it yet to evolve from here. COVID-19 has an unprecedented impact across human life, be it family life, job, business, entertainment, travel, every aspect of life. Since there is no clarity on the end, we are not […]
Strategy- Build to make it work to succeed
Organizations always go back to the drawing board to redefine their business strategy and traditionally, Strategy would refer to setting up goals for short term and long term, and ways to go for it. But Strategy could be involved with going for the new market segment, setting up new business transformation initiatives like Digital transformation […]
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 […]
Pivoting by Startups: Realizing what makes sense
I always looked at pivoting with some level of negativity. Basic thinking was that the founders would not have understood the market and after losing money, he / she may be trying out alternatives just to keep afloat. Reality Check: As founders, when we start our businesses, we do not know if the product market fit […]
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 […]
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 […]