Trends in Open Banking
Open Banking has been becoming a central theme of digital transformation in Banking and Financial Services. Open Banking has led to the emergence of Neo Banks as well as Challenger Banks, while at the same time, it has contributed to the growth of Fintechs to build new products & Services on top of Banking services. […]
Banks will become like Fintech: Impact of Covid-19
Banks always wanted to become like Fintechs in terms of speed of action as well as market attractiveness (coolness factor!!!). Many bankers wanted to join Fintechs for learning digital. However, most banks have still managed to make zero digital revenues to date. The reasons for the same are not difficult to find: The abundance of […]
Be there: Engaging with team during this stress period
Be there: Engaging with team during this stress period As founders wade through impact and uncertainty created by Covid-19, it is critical for them to engage deeply with their team. While as founders, you may be worried about business continuity, revisiting business model, redeploying capital/resources, rebaselining budget, your employees would also be under extreme stress. […]
Reconfiguring Fintech startups & Financial Institutions
Things have been changing at a rapid pace in the environment with the stock market plunging, offices closing, travel curtailed, businesses losing direction. Like, everyone, we have also been analyzing the changes in the market and looking for opportunities to create value in this ecosystem. I personally believe that there would be no business that […]
Risk Management: Critical Element of Open Banking
Open Banking undoubtedly going to change the way banking services are consumed through better collaboration between banking / financial institutions and Fintechs/Startups. Banks across the globe have worked on or have initiated work to open up its banking services through APIs and building new delivery models with Fintechs. The same story goes in India, also […]
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 […]
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 […]
Indian Fintech Ecosystem by The Digital Fifth
Indian Fintech Ecosystem by The Digital Fifth Essentially three eras: Before 2010: Digital marketplaces generating leads for loans and insurance 2010 – 2014: Payments ecosystem growing across B2B and B2C 2015 till date: Wallets going from expansion to closure, Usage of Indiastack (Aadhaar / eKYC / UPI / eSign etc) simplifying tech, Lending Fintechs prospering, […]