Armed with advanced techsolutions, Unimoni will invest heavily in big data analytics to develop advanced credit scoring models that incorporate non-traditional data sources.
MD & CEO, Unimoni For Fino Payments Bank, the idea is to promote financial inclusion in those areas were banking is less prominent. The idea is not to eat the market, but to grow the market in terms of number of customers and the number of services available to each customer.
rishi Gupta, MD & CEO, Fino Payments Bank Data science will bring major transformation for rubique, as it will help them to do things faster. They see good opportunities in the technologies like Artificial Intelligence and Machine Learning, but very few use case scenarios for Blockchain in India.
MD & CEO, Rubique Coverfox believes that insurance will be sold more via digital channels and agents and less via branches. Their philosophy is to build a platform that can be used by customers and that empowers agents with product details and comparisons.
CEO, Coverfox Digit Insurance seeks an integrated eco-system of partners with different expertise to jointly give the customer a seamless experience, in sync with its philosophy of being wherever the customer seeks protection.
CEO, Digit Insurance CASHe is planning to double its business by 2019, for which it is coming up with its own eMI card, along with offerings in wealth management and insurance.
CEO, CASHe AI and analytics will help Cigna TTk Health Insurance in better understanding of the customer. It will help them make product far more customised, and so there is tremendous opportunity in these technologies.
Prasun Sikdar MD & CEO, Cigna TTK
Health Insurance Fincare Small Finance Bank believes that Blockchain is a very crucial technology. Many banks are doing projects on it, but it is will takes years for the significant application of the technology in India.
rajeev Yadav MD & CEO, Fincare Small
Ujjivan Small Finance
Bank has m-banking app in 5 languages. It wants to reach out to the non-english speaking population, which is 90% of the overall population, and get them m-banking actively, especially those in rural and semi-urban areas.
Samit Ghosh CEO, Ujjivan Small Finance Bank Fintech will help Suryoday Small Finance Bank achieve faster banking processes. Technologies like analytics and AI will help the bank understand the customer.
The bank believes that open banking will become the norm in some time.
r. Baskar Babu, MD, CEO & ED, Suryoday Small Finance Bank Utkarsh Small Finance
Bank faces challenges of technology obsolescence, fluctuations in the economy and rise and fall of markets. It is leveraging technology for transformation and fintechs to grow the market as it targets customers in remote areas.
Govind Singh, MD & CEO, Utkarsh Small Finance Bank ArT Housing Finance is riding on technology to make the home loan a fully digital product. It sees a shift in customer focus from interest rates to other considerations, including TAT and hassle-free experience. Arvind Hali MD & CEO, ART Housing
Finance Doorstep delivery was the core customer service for the Post Office, and India Post Payments Bank has adopted the same.
It is focusing on creating a sustainable last mile delivery model for paperless onboarding of customers using biometric devices & smart phones.
Suresh Sethi, MD & CEO, India Post Payments Bank Toffee Insurance deconstructs over-complicated, vague products & contextualizes them relevant to users’ lifestyles. It educates first time insurance buyers, welcoming them in a way that they can understand the value, and relate it back with their lifestyle & habits.
rohan kumar, CEO Toffee Insurance Flexiloans sees tremendous opportunity in data science & machine learning giving an opportunity to model the customer behavior. For 2019, it plans to create a sharper data science model. It has lending partnerships with Limeload, Shopclues, Paytm, etc.