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We are happy to share that Srinivasu MN, Co-Founder & Director, recently shared insights at the CNBC-TV18 Banking Transformation Summit on the "Fintech Race for Bharat." The discussion was a deep dive into the transformative journey of fintech in India and offered perspectives on how we can better serve the last mile customer. This discussion highlighted the need for an evolved fintech approach in Bharat.    Here are some key takeaways:   🔹 Last Mile Customer Focus: To truly cater to Bharat, one must understand its diverse needs from within, not just from afar. Local insights and on-ground presence are essential for meaningful impact. 🔹 Shifting Market Dynamics: The top end of the market is experiencing stress, underscoring the need for innovative solutions and robust infrastructure. 🔹 Need for an Interoperable standardised platform: The Account Aggregator model from large regulated entities has faced hurdles. The push for a more standardized platform could address these issues and accelerate progress. 🔹 Profitability in Payments: Building a sustainable payment ecosystem requires patience, strategic capital, and supportive policies. 🔹 Commoditization & Differentiation: Standardizing services can lead to cost efficiencies, but real differentiation comes from innovative approaches and leveraging technology effectively.   Watch the full session here - https://lnkd.in/d3rMt7gM   #Fintech #Bharat #FinancialInclusion #Innovation #PaymentTech #PanelDiscussion #FutureOfFinance #Leadership #payments #Transformation #BillDesk

Digitalization is driving innovation in India’s banking and financial sector, meeting the diverse needs of customers. Key financial innovations include collaborations between #banks, non-banking financial companies (#NBFCs), #FinTechs, and #BigTechs. Emerging technologies are helping financial institutions improve customer service, efficiency, and risk management while enhancing market liquidity. Using India’s digital public infrastructure, platform-based lending and embedded finance are transforming the credit space with initiatives like Account Aggregators, Peer-to-Peer Lending, and the Open Credit Enablement Network. However, the rise of these new financial activities presents regulatory challenges due to a lack of clear frameworks. Updating regulatory and supervisory systems in response to these changes will support innovation and ensure financial stability.

We’re almost there! In just 48 hours, industry leaders and fintech innovators will gather to explore cutting-edge insights and game-changing trends shaping the future of finance. The summit will delve into key topics like customer experience, financial services, the open banking journey in India, and much more. Stay tuned to our page for the latest updates and insights from the event. #FintechFutureSummit #FintechInnovation #DigitalTransformation #FutureOfFinance #IndiaFintech

The future of finance is here. From Prime Minister Modi's inspiring keynote to the latest trends in AI and cross-border payments, the Global Fintech Fest 2024 was packed with insights and innovation. Curious about what's sharing the fintech landscape in India? Check out our latest article highlighting the key takeaways from this year's biggest Fintech Summit in India. Read more - https://lnkd.in/da8vZxA8 #FinTech #FinTechStartups #Finance #Technology #FinanceTech #Innovation #India #PMMODI #GFF2024 #TechquityIndia

India's digital payment transactions hit an all-time high and #corporatebanking is on the cusp of a FinTech revolution. Key trends driving this evolution reflect a combination of technology with customer-centric approaches. Here's a sample. An important aspect is #GenAI, tailoring financial services to new levels of personalization. #Automation is streamlining operations, reducing errors, and optimizing efficiency. #Digital Transformation is necessary for banks to meet the demanding pace of modern business. Superior #CustomerService has emerged as the most sought-after metric. Banks are leveraging data analytics to provide unmatched quality in corporate banking services. Corporate customers now enjoy the digitization of Supply #ChainFinance for seamless, transparent financial flows. These trends signify more than innovation; they reflect the reimagining of corporate banking, aligned with the dynamic pace of the digital world. What's your take on these developments? Share your views in the comments. {𝘋𝘢𝘵𝘢 𝘚𝘰𝘶𝘳𝘤𝘦: 𝘐𝘉𝘚 𝘐𝘯𝘵𝘦𝘭𝘭𝘪𝘨𝘦𝘯𝘤𝘦 𝘞𝘩𝘪𝘵𝘦𝘱𝘢𝘱𝘦𝘳: 𝘕𝘢𝘷𝘪𝘨𝘢𝘵𝘪𝘯𝘨 𝘵𝘩𝘦 𝘍𝘪𝘯𝘛𝘦𝘤𝘩 𝘓𝘢𝘯𝘥𝘴𝘤𝘢𝘱𝘦 } Sahil Anand | Ramkumar Venkataraman | Chetan Parekh | Ramakrishnan Viswanathan | Pankul Verma | Angleen Malik | Aditya Agarwal | Robin Amlôt | Amit Jain | Ojas Kulkarni | Nikhil Gokhale | Subit Saurav | Sunny Desa | Sumit Gilitwala |

The MindsKonnect India flagship customer event sets the stage for a gathering of leaders from large financial institutions.  This edition promises to engage in insightful conversations on the evolution and growth of Real-Time Payments and Transaction Banking in the region, highlighting their critical importance to regional economies. #MindgateSolutions #MindsKonnect2024 #ThoughtLeadership #CorporateBanking #RealTimePayments #Fintech #BankingSolutions #UPI #TransactionBanking #India

🎙️Podcast Alert: Check out my latest conversation with sivaram kowta of Zeta as we discuss the company's vision for a UPI-driven credit ecosystem in India. 🔗 https://lnkd.in/dhgivxQ7 #UPI #ULI #CreditonUPI #RBI #Zeta #FinTech #IBSIntelligence #India

FinTechs are gradually evolving from being front-end players to acting as enablers for banks. Banks are increasingly seeking partnerships which can deliver maximum value and aid in the improvement of financial inclusion in the country. Explore our latest article on ‘Bank-FinTech collaborations for promoting financial inclusion’ where we share insights into the current state of financial inclusion in India, the role of bank-FinTech partnerships in enhancing financial inclusion and strategies for banks to overcome some of the partnership challenges: https://pwc.to/3vZ5Z0Y #TogetherWeFuture #Fintech #banking Vivek Belgavi

Check out the insights into the current state of financial inclusion in India, the role of bank-FinTech partnerships in enhancing financial inclusion and strategies for banks to overcome some of the partnership challenges in our latest article on ‘Bank-FinTech collaborations for promoting financial inclusion’ - https://pwc.to/3vZ5Z0Y #TogetherWeFuture #Fintech #banking #PwCIndiaSquad

As fast as Indian digital payment grew so did grew cards and prepaid transactions. This led financial institutions to: - Handle of approximately 11 million cases amounting to $5 billion monthly (data from a single debt collection institution) - Increase in operational cost - Thin recovery insights - And added a lot of manual work   Every financial institution is rushing or is in the process to digitalize their debt collection process but, some are in never ending transformation process or facing resistance due to the high complexity of the new platform and many more.   Remember, the key to a successful transition is understanding the challenges and being equipped with the right tools and knowledge to overcome them.   ☑We have shared insights for CCOs on how you can modernize your collection data with ease. ☑ ➡ Swipe through to read the free implementation guide Rajendra Awasthi, Sushmitshri Babu, Sagar Kirpekar, Aniket Khadilkar, Gopi Dinesh Sivasubramanian, Mrinank Sharma, George C John, Vivek Bandebuche, Dheeraj Jaiswal #ezeeai #debtcollection #lendtech #bankingsolutions