Financial Institutions will morph into Fintech Financial Institutions
Financial Institutions will morph into Fintech Financial Institutions by: – Collaborating closely with Fintech to co-build new capabilities – Competing with Fintechs by investing in in-house Tech, creating digital culture and creating Digital KPIs – Strategically investing in Fintechs / Software firms focusing on innovation, speed and future potential – Acquiring Fintechs as well as […]
Reincarnation of Compliance in Financial Institutions
Focus of compliance till date has been about interpreting the rules and regulations prescribed by Central Bank and aligning business around the same. RBI as well as Government have been pro-digital and rules have been changing continously to make the country completely digital. With focus shifting to digital, the compliance frameworks in the bank needs […]
Building FFIs (Fintech Financial Institutions)
Small & Medium Banks and NBFCs can reduce their costs by 50 percent and increase customer base by 50% in next 36 months by driving digital initiatives. This is on top of their current Business As Usual Growth. Key initiatives for driving digital: – Get Digital Expert in the Board – CEOs to gain expertise […]