Pune, India, April 3, 2020 – Bridgenext (formerly Emtec) recently organized “FinTech Roundtable 2020”, a global Financial Technology (FinTech) event, in association with Dun & Bradstreet in Pune, India. The primary theme of the event was the role of FinTech in financial inclusion & superior customer experience.
“FinTech 2.0 happened 3 years ago. It’s time for FinTech 3.0, where we see the move to much higher level to automation and ML getting used in both risk assessment and overall customer management. I see a large shift from just focusing on predictive models to more cognitive models emerging from Fintechs to understand consumers better and help evolve to business model.”, said Akshay Mehrotra, Co-Founder & CEO, EarlySalary.com
The event provided energetic discussions and ideation around common industry challenges and best practices in defining realistic business models, identifying regulatory requirements, optimizing human resource utilization as well as sourcing and integrating technologies.
The event included a fireside chat with Colin Walsh, CEO of Varo Money. He shared details about their journey, from being merely an idea, through to receiving regulatory approvals from the U.S. financial regulators, the OCC and FDIC. They will shortly become the first digital-only bank in the USA, which allows them to conduct regulated banking activities nationwide. Mr. Walsh spoke about his passion to create a bank that, through technology, would cater to all, including lower economic strata.
“Being an online bank, technology was of utmost importance to us,” he said. “With modern technology backing our operations, we can help solve important customer financial problems and accelerate business growth.”
The fireside chat was followed by a panel discussion with C-Suite participants from EarlySalary, EnKash, MoneyTap, Mudrakwik, ePaisa, Finovate Capital, EarnWealth, Origa Leasing and Bridgenext. To hear interesting thoughts and views from these participants, click here.
About EarlySalary.com
EarlySalary is an innovative lending platform that will change the way loans in India are taken. Being a new age online brand, and the largest consumer lending app in India for salaries professionals we bring together new credit scoring systems for superior customer profiling.
For more information, visit: www.earlysalary.com
About Varo
Varo’s mission is to redefine banking so it’s easy for everyone to make smart choices with their money. They are working toward their mission with a team that uniquely and strategically combines banking veterans with technology experts. The banking experts provide decades of industry experience, and the tech experts can build a mobile app that offers everyone access to no-cost, premium banking, including high-yield savings and auto-saving tools. For more information, visit: www.varomoney.com