building digital nbfc products
TRANSCRIPT
BUILDING WINNING
NBFC PRODUCTS
Technology is bringing
disruption in the Finance Industry
This research was done as a part of the pitch for a leading financial enterprise
New startups are emerging
at a pace like never before
This research was done as a part of the pitch for a leading financial enterprise
and they are competing with incumbents
by providing technology driven business models
This research was done as a part of the pitch for a leading financial enterprise
Business Models that are
Easier to Use
Hassle Free
Lesser in Cost
This research was done as a part of the pitch for a leading financial enterprise
AvantMarketplace Lending Platform
Avant is a fast-growing marketplace lending platform that is lowering the
costs and barriers of borrowing for consumers
2 years and 200,000 customers
All points of contact happen online
Quick funding - as easy as "booking an Uber”
Late forgiveness fee waived if user pays next 3 instalments on time
They have their own credit scoring model that evaluates more that
1000 potential factors - 20 times more than traditional lenders
Credit Scoring done by data not only from repayment history on
credit cards, car loans, mortgages, apartment rental information, card
payment history but also how customers fill out information using
upper or lowercase letter, time of day, time taken for completion etc
This research was done as a part of the pitch for a leading financial enterprise
MonedoFinancial Services
Monedo is a financial technology company which
delivers a range of complimentary and exciting
financial services products to customers
Provided 500,000 loans in 3 years
No paperwork, everything is online
Super Fast, decision in seconds
No Appointments
This research was done as a part of the pitch for a leading financial enterprise
Zhong AnOnline Insurance
Zhong An is a Chinese online property insurer
backed by Alibaba Group Holding Ltd
China's first online only insurance firm
Funded by Alibaba.com and Tencent
Underwritten 630 million insurance policies for
150 million clients in its first year
This research was done as a part of the pitch for a leading financial enterprise
SimpleOnline Bank
Simple is a completely online consumer bank. Simple
combines innovative technology, impeccable user
experience, and expertise in behavioral economics to
help its customers spend smarter and save more
The bank has no branches and is online only
Goal based banking that is changing the way
people bank
Cuts cost by eliminating branches and shares the
benefits with customers by reducing fee
This research was done as a part of the pitch for a leading financial enterprise
WealthfrontInvestment Management
Wealthfront is an online Investment and Financial
advisory company
Fintech startup that allows you better investment
and portfolio management
Use of technology in Robo Advisory
This research was done as a part of the pitch for a leading financial enterprise
..and there are many more!!
Source: www.fintechinnovators.com
This research was done as a part of the pitch for a leading financial enterprise
Today financial technology startups
are emerging at a faster pace than ever
This research was done as a part of the pitch for a leading financial enterprise
Today financial technology startups
are emerging at a faster pace than ever
They are providing
better and faster technology solutions
This research was done as a part of the pitch for a leading financial enterprise
Today financial technology startups
are emerging at a faster pace than ever
They are providing
better and faster technology solutions
and they are
competing with Traditional Players
This research was done as a part of the pitch for a leading financial enterprise
Almost all of these startups are using
open source technologies for building their products
This research was done as a part of the pitch for a leading financial enterprise
You might be thinking
Why Open Source Technologies?
This research was done as a part of the pitch for a leading financial enterprise
FLEXIBILITY
ADAPTABILITY
AGILITY
LOW COST
SECURITY
Benefits of
Open Source
CUSTOMISATIONThis research was done as a part of the pitch for a leading financial enterprise
Enterprises using Open Source
This research was done as a part of the pitch for a leading financial enterprise
Kuliza’s Approach for
Building Digital NBFC Products
End to end online
and direct to consumer
This research was done as a part of the pitch for a leading financial enterprise
Agile meets Lean
This research was done as a part of the pitch for a leading financial enterprise
Consumer Centered
and
not just consumer focused
This research was done as a part of the pitch for a leading financial enterprise
Integrated
Online Stores
Aggregators
Retail Outlets
This research was done as a part of the pitch for a leading financial enterprise
Data Driven
Location
Beacons
Past Repayment Data
PAN & UID
Social
Data Mining and regression models
This research was done as a part of the pitch for a leading financial enterprise
Cloud Scaled
This research was done as a part of the pitch for a leading financial enterprise
Goal Driven
Digital Assistant
Financial Planner
This research was done as a part of the pitch for a leading financial enterprise
End to end online and direct to consumer
Agile meets Lean
Consumer Centered and not just
consumer focused
Integrated
Data Driven
Cloud Scaled
Goal Driven
This research was done as a part of the pitch for a leading financial enterprise
THANK YOU