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 […]
Banks will get replaced by Fintech!!!.. oh.. ok…
What about old static core banking providers… what about old payment switch providers… old cash management providers… Haven’t seen the same push for old world platform providers… In each business event we go, there is someone bashing banks… Thanks to this push and overall skills, most banks will move ahead fast… Instead of upgrading old […]
Why Fintech partnerships are mandatory for Banks / NBFCs?
Banks have been focusing on delivering results through their employees for all these years, They have partnered with DSAs, Payments Gateways / processors,software vendors etc in this endeavor. Fintechs are new partners onboard, who can help in improving the business model by: – Getting banks access to newer customer base (digital ones for sure) – […]
Banks / NBFCs can be disrupted by Fintechs… What about consulting?
In last couple of years, we have seen massive strides by Fintechs in disrupting Banks / NBFCs. I personally believe that the next phase would be about co-opetition, where partnership as well as competition will prevail. However, when it comes to consulting, we have not seen the arrival of new age Digital Consulting. It has […]
Digital Innovation Trophy – Worth Nothing…
Banks and Fintechs are innovating at a rapid pace. These innovations are getting industry recognition through awards. However, many innovations do not go much beyond awards as the focus moves to next innovation (and the award). Innovation needs to be coupled with commercial usage at massive scale. Each of the innovation has to be converted […]
JARGON IN JARGON OUT : Fintech
In fintech / digital world, there are too many jargons… We are churning them out faster than real content… Panel discussions and key notes push new jargons everyday… Despite being in a Fintech world for a long time, I find it difficult to understand them… Think about what business folks may be going through… And […]
Setting up a Fintech Bank within a Bank (or NBFC)
Most banks are facing new set of competitors in India (and across the world) in the form of payment banks, small finance banks, new age NBFCs and Fintechs. Interestingly, the initial impact is limited as of now as the Tsunami is taking time to build up. Banks are currently reacting by doing Fintech tie-ups, launching […]