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Building Digital NBFC Products

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Approach for Building Winning NBFC Products

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Building Digital NBFC Products

  1. 1. BUILDING WINNING NBFC PRODUCTS
  2. 2. Technology is bringing disruption in the Finance Industry This research was done as a part of the pitch for a leading financial enterprise
  3. 3. 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
  4. 4. 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
  5. 5. 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
  6. 6. Avant Marketplace 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
  7. 7. Monedo Financial 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
  8. 8. Zhong An Online 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
  9. 9. Simple Online 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
  10. 10. Wealthfront Investment 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
  11. 11. ..and there are many more!! Source: www.fintechinnovators.com This research was done as a part of the pitch for a leading financial enterprise
  12. 12. 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
  13. 13. 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
  14. 14. 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
  15. 15. 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
  16. 16. You might be thinking Why Open Source Technologies? This research was done as a part of the pitch for a leading financial enterprise
  17. 17. FLEXIBILITY ADAPTABILITY AGILITY LOW COST SECURITY Benefits of Open Source CUSTOMISATION This research was done as a part of the pitch for a leading financial enterprise
  18. 18. Enterprises using Open Source This research was done as a part of the pitch for a leading financial enterprise
  19. 19. Kuliza’s Approach for Building Digital NBFC Products
  20. 20. End to end online and direct to consumer This research was done as a part of the pitch for a leading financial enterprise
  21. 21. Agile meets Lean This research was done as a part of the pitch for a leading financial enterprise
  22. 22. Consumer Centered and not just consumer focused This research was done as a part of the pitch for a leading financial enterprise
  23. 23. Integrated Online Stores Aggregators Retail Outlets This research was done as a part of the pitch for a leading financial enterprise
  24. 24. 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
  25. 25. Cloud Scaled This research was done as a part of the pitch for a leading financial enterprise
  26. 26. Goal Driven Digital Assistant Financial Planner This research was done as a part of the pitch for a leading financial enterprise
  27. 27. 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
  28. 28. THANK YOU

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