News Corp VCCircle FinServ 2017
Disrupting the disruption in Financial Services
The PE-VC Outlook Survey 2017 conducted by VCCircle at the beginning of this year found 66% of investors rooting for financial services sector in the immediate term. The skew towards the sector was higher among PE funds managing assets more than $1 billion. While VC investments in fin-tech sector nosedived to $216 mn in 2016 against a high of $1.6 bn in 2015, a vccircle.com analysis in May found that fin-tech companies - spread across payments & lending, wealth & expense management, financial and investment advisory segments – had already raised more than $1.5 billion in the first five months of 2017, thus, indicating a sharp turn of tide.
Alongside alternative investments, foreign strategic as well as portfolio money, too, is flowing freely into the Indian capital markets, insurance, asset management and banking companies.
The interest on the part of investors is understandable. By 2020, India is expected to become the world’s fifth largest banking business in the world while the country’s life insurance sector is already one of the largest globally even as asset management continues to expand on a fast clip.
What adds to the attraction of these sectors is the fact that the penetration of financial products and services in India is one of the lowest in the world. This contradiction coupled with constant technological advancements and gradual shift towards a digital environment and an eager government pushing for more reforms and regulations at the same time has brought financial services sector in India to an interesting cusp where we are witnessing old and traditional models making a somewhat uneasy truce with new kids on the block such as mobile wallets, payment banks, robo advisors, or cryptocurrency among others.
In the midst of this swirl are ever eager investors excitedly looking for the next big catch.
In this dynamic backdrop, VCCircle presents the fifth edition of VCCircle Finserv where leading CEOs from banks, NBFCs, insurance, stock broking, advisory and fintech sector besides private equity, venture capital investors and M&A and legal experts will take the stage to separate the proverbial wheat from the chaff.
09.00am - 10.00am
Registration and networking
10.00am - 10.15am
10.20 - 11.20
Panel 1: Building customer-oriented businesses
Customer in India has two distinct identities – the one that belongs to India and the other that comes from Bharat. While the four pillars of fin-serv business – namely transacting, borrowing, investing and risk management – remain the same for both the customers, it’s the products and delivery that need both creative and conservative solutions. How are some of the leading banks in the country reconciling the twin objectives?
11.20am - 11.35am
11.35am - 12.05pm
Fireside Chat: Future outlook: Shaky or stable?
According to a research report, global venture investment in FinTech grew by 11% to $17.4 billion in 2016 with China leading the race. In India, however, investments in fintech companies declined to $216 million in 2016 against a high of $1.6 billion in 2015. The tide seems to have turned in 2017 as fintech companies spread across consumer as well as enterprise space have raised more than $1.5 billion in the first five months alone. Is fintech back on investors' priority list?
12.05pm - 1.05pm
Panel 2: Financial inclusion for lasting growth
The unserved and the under-served present a huge opportunity for new and old banks, insurance and financial services provider. Besides, financial inclusion will bring rich dividends for macro economy, too, creating a virtuous cycle that boosts consumption and thus, growth. Government’s initiatives, such as the Jan-Dhan Yojana, Atal & Varishtha Pension Yojana and Direct Cash Transfers, have set the ball rolling on this front, yet lasting success requires a belief among larger stakeholders, primarily private players, that inclusion is not a mere obligation but a real commercial opportunity. What are the challenges for the industry in pushing financial inclusion goal even as it admits that opportunities galore?
1.05pm - 2.05pm
2.05pm - 2.20pm
Special Address: Wealth Management : Tapping market through innovation
2.20pm - 2.40pm
Special Address: Online Brokerage as a service: Is it built to last?
2.40pm - 3.00pm
Special Address: Opportunity to shine for NBFCs as banks deal with mounting bad debts
3.00pm - 4.00pm
Panel Discussion 3: Tech-tonic shifts
Technology’s role in bridging the gap between service providers and end users with customized solutions while keeping operational expenses and risks in check cannot be emphasized more than ever. In the same context, while, financial services have traditionally been associated with banks, NBFCs, insurers and of late, with mobile wallets but soon messenger platforms such as WhatsApp, Hike, Facebook Messenger and even Truecaller are getting ready to introduce peer-to-peer payments in India. Technology has turned tables for all the traditional players as well as the new one. This panel will discuss new age technologies such as robotics, IoT and also new business models across this sector.
4.00pm - 4.20pm
Special Address: What will it take to get investors and entrepreneurs excited about insurance and pension funds?
Private insurance companies in India have been seen as showing lack of efficiency and innovation while keeping a risk-averse stance in serving the middle and lower rung of the market even as the spirited govt at the Centre has launched a plethora of innovative insurance and pension schemes for those on the periphery of consumption. Making use of emerging technologies to come up with innovative distribution models and customized products, private insurers stand to tap a large underserved market. What are they waiting for?
Date: November 29, 2017
Venue: Four Seasons Hotel, Mumbai
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