Banks / NBFCs / Wealth Management / Insurance : Rethink your businesses
Simple reasons for changing your business model now Successful business models have been built over last hundreds of years based on: – Face to face transactions – Physical documentation – Manual / semi-automated operations – Partners in Physical world (like DSA) – Decisions by humans Business models need to be tweaked to align with newer […]
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 […]
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 […]