FinBizness Video

Global blockchain companies could threaten Indian Fintechs’ rise

Reported by | Updated: February 20, 2018

IWhat #VCs keep in mind while investing in #Fintechs? How VCs look at different exit strategies in #Fintechs? Sanjay Mehta, Angel Investor explains how Fintechs should keep the focus on growth and asserts that global blockchain companies will create a disruption in India that could slow down Indian Fintechs rise. Web Link :  

Tod – BAFT concerned about sound, secure and resilient system as regulators struggle with cybercrime

Reported by | Updated: January 2, 2018

Bankers Association for Finance and Trade provides thought leadership, best practices & policy advocacy to banks and non-banks involved in transaction services. Tod R. Burwell, President & CEO at BAFT, says regulators main concern are in areas like financial crimes & frauds, cyber security & data protection. BAFT also believes that information sharing should be […]

Mark – Open API promise yet to deliver satisfactory results to banks

Reported by | Updated: January 2, 2018

Boston based Mark O’Neill of Gartner explains how open API will drive banks growth. Since Mark advises many global banks, he mentions that PSD2 forced banks in Europe to expose APIs. Mark also adds that Banks are worried and privacy is a major concern.

Dilshan – Fintech rush in Sri Lanka; competing with banks for innovation

Reported by | Updated: January 2, 2018

There is an oligopoly structure in banking sector in Sri Lanka with 8 banks having market share of 85%. But now there is competition from Fintechs as well as Telcos. Fintechs are mushrooming and challenging banks to innovate, says Dilshan Rodrigo, COO at Hatton National Bank.

Babu Nair with Sankar Krishnan at Sibios

Reported by | Updated: December 6, 2017

Capgemini believes that by leveraging AI and Blockchain, banks can engage with consumers in a faster and more consistent manner. Sankar Krishnan, Global Accounts Executive adds that AI & machine learning helps in identifying the pattern to prevent frauds.

Amol Dethe of Finbizness with Sundar Krishnan

Reported by | Updated: December 6, 2017

Reliance Nippon Life Insurance saved $9mn by investing mere $0.1mn in Analytics. Sunder Krishnan, Chief Risk Officer adds that company is already selling 46% policies on Tab and aiming to reach 85%.

Amol Dethe with Janelle Hill on USA transforming into digital era

Reported by | Updated: December 6, 2017

In an interaction with FinBizness Janelle Hill from Gartner explains how financial institutions from the USA are transforming in the digital era. She says Capital One Bank and BBVA Bank have adopted digital design companies. Janelle believes that trend in future will be mobile and online banking, many economies will move away from physical currency.

How is Big Data & Analytics transforming BFSI sector – Gartner

Reported by | Updated: November 27, 2017

Global analysts believe that Big Data is the major transformation for BFSI. Data can generate value to business because data provides insights that help take appropriate actions. Importantly, data is generated from multiple sources.

Amol Dehte with Lalitha Bhatia on 3 emerging technologies to draw customers

Reported by | Updated: November 27, 2017

Life insurance policies are issued in 5 days and claims are processed in 8 days. IDBI Federal Life insurance achieved this turnaround post digitalization. Company’s COO, Lalitha Bhatia says, slowly customers are picking up the idea of buying insurance online. She adds that company is using Data Analytics & chatbots to offer right product & […]

Vikas Saraogi on Decoding MasterCards digital destination for merchants

Reported by | Updated: November 27, 2017

The number of merchants opting online payments is significantly low in India, to bring more merchants onboard, the card payment industry with govt developed ‘BHARAT QR’ says Vikas Saraogi, Senior Director & Head Acceptance, South Asia at Mastercard. He also believes that digital payment systems will benefit SMEs & micro-merchants to scale up.