“Millenials do not like to go to banks. Everything they do – be it shopping or banking or insurance, they need it online. Ideally, workable from their phone. They want 24/7/365 customer support. This is where the future of fintech lies.”
Bikram is an expert in Product management & Strategy, Go to Market, Product Design & Architecture etc. He led product strategy & management for enterprise and SaaS products, conceptualized multiple products and led product rollout across Europe, Australia, Asia and Africa. Before his current role in C&D Labs, he handled strategic roles in Oracle, Yodlee, Innoviti Payment Solutions etc.
Here are the 5 key takeaways from the Webinar –
Value created by Fintech –
Fintech ensures economic growth through its financial inclusion, transparency and borderless technology. Fintech innovation has the capability to transform the market and is highly sustainable. In addition, it leads to new revenue streams and cost savings.
Factors driving Fintech in India –
Key focus areas – The key industries and sectors for fintech are
Upskilling for Engineers –
Fintech opens up a wide array of industries and sectors that will offer lucrative positions in the near future. Some skills that engineers should definitely focus on building are –
Collaboration and not disruption
While initially fintech disrupted the market place and even induced stand offs between businesses, the awareness and potential of the technology has gradually led to acceptance and opened up avenues for collaboration.
Many startups are now looking to banks for scale and banking institutions on their part are willing and interested in investing in new technologies.
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