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.
09.00 - 10.00
Registration and networking
10.00 - 10.15
Opening Address by Jaideep Mehta - CEO, NewsCorp VCCircle
10.15 - 11.25
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 players in the Industry reconciling the twin objectives?
Rajiv Bajaj - Chairman and Managing Director, Bajaj Capital
Deepak Sharma - Chief Digital Officer, Kotak Mahindra Bank
Amit Shah - Senior President & Country Head Corporate Strategy, YES BANK & Executive Director, YES Global Institute
Dhaval Agarwal - Director - Investments, Tuscan Ventures
Arun Thukral - Managing Director & CEO, Axis Securities
Niren Shah - Managing Director, Norwest Venture Partners India
Tamal Bandyopadhyay - Adviser Strategy, Bandhan Bank (Moderator)
11.25 - 11.40
11.40 - 12.10
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?
TCM Sundaram - Founder & Managing Director, IDG Ventures
Archna Shukla - Editor-in-Chief, News Corp VCCircle
12.10 - 13.15
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?
K Paul Thomas - Managing Director & CEO, ESAF Small Finance Bank
Rohit Krishna - SVP Chief of Commercial and Market Development, Vodafone M - Pesa
Harjeet Toor - Head - Cards, Retail and MSME Loans and Financial Inclusion, RBL Bank
Rajat Gandhi - Founder & CEO, Faircent
Sunish Sharma - Managing Partner, Kedaara Capital Advisors LLP
Kshama Fernandes - Managing Director & CEO, IFMR Capital (Moderator)
13.15 - 14.15
14.15 - 14.35
Jitendra Gupta - Managing Director, PayU Payments India
Niren Shah - Managing Director, Norwest Venture Partners India
14.35 - 14.55
Special Address I: 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?
Amrit Singh - SVP & Head of Business Strategy, Max Life Insurance
14.55 - 15.15
Special Address II: Wealth Management : Tapping market through innovation
Sandeep Jethwani - Managing Partner & Head of Advisory, IIFL Investment Managers
15.15 - 15.35
Special Address III: Online Brokerage as a service: Is it built to last?
Gagan Singla, CMO, Angel Broking
15:35 - 15:50
15.50 - 16.50
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.
Sachin Maheshwari - Founder & CEO, EzCred
Asutosh Upadhyay - Head - Programs, Axilor Ventures
Vaibhav Lodha - Co Founder, ftcash
Prasanna Lohar - Head Technology - Innovation & Architecture, DCB Bank
Krishnan Vishwanathan - Founder, Kissht
Piush Kothari - Head Strategy, Digital business and Customer Analytics, Aditya Birla Payments Bank (Moderator)
End of Conference
Date: November 29, 2017
Venue: Four Seasons Hotel, Mumbai
PayU and Citrus Pay are the leading online payment service provider in 16 high growth markets, dedicated to creating a fast, simple and efficient payment process for merchants and buyers. Our various payment methods and PCI certified platforms are designed to meet every consumer’s needs. In India, PayU and Citrus cover nearly 60% of the entire e-commerce and processes over 40,000 crores of Digital payments in India annually. PayUBiz is the industry leading payment service provider and its clientele includes the likes of Jet Airways, Amazon, Airtel, Snapdeal, Jabong, Ola, Bookmyshow, Insurance companies and many more. PayU India also has under its aegis PayUmoney, the fast, easy and secure payment solution which can be used by anyone who wants to collect payments in India (be it Individuals, brick & mortar businesses, startups, Freelancers, Schools, Hotels, Utility companies, Residential societies, Telcos, Insurance companies, traders, retailers etc). The
Tuscan Ventures is an investment firm that provides creative financing solutions to entrepreneurs building large businesses.
Tuscan’s hallmarks are creativity and patience. By way of flexibility, we have the ability to invest at different stages of a company’s life cycle. We have participated in early stage funding rounds as well as provided growth capital to established businesses. Unlike traditional investment firms, we are not restricted to investment stages or limited by the nature of the investment instrument. If the founder has a bold, outsize dream, we will work to provide his or her business the financing solution it needs.
At Tuscan, we see hundreds of businesses each year and the cumulative experience we draw from these interactions informs our investment evaluation process. We are constantly soliciting diverse input from industry experts to keep our perspectives current. As a result, we have a proven record of uncovering and unlocking value
Zoho Books is an online accounting software that helps SMEs manage their payables and receivables, fetches bank feeds, automates business workflows, generate 40+ reports, help you securely collaborate with your accountant online. and file GST returns with ease. It is designed for all business sizes, from small businesses to large enterprises, and works well for services, consulting and marketing companies.
Zoho Books is a part of Zoho, a technology company with more than 35+ products on the cloud, ranging from CRM to finance to HR.
Lead Angels is a pan-India sector agnostic Angel Network, started by a team of three originally from IIT Bombay to bridge the gap of financial assistance provision to deserving start up ventures. Lead Angels is India's first professionally managed Angel network in India, with defined work processes and a primary focus to invest time and capital in people who are aligned with shared goals and values. Having invested in over 20 companies in the past three years with a portfolio boasting of over a 90% survival rate, multiple learnings and trends about the Indian Start-up ecosystem have come to the surface and Lead Angels plans to continue investing in diverse, exciting opportunities.
Mumbai Angels, started in 2006 is the first premium Angel network in India. The Mumbai Angels provides a unique platform to start up and very early stage companies by bringing them face to face with successful entrepreneurs, professionals and executives who are interested in and have the funds available to invest in start-up companies. Many members of Mumbai Angels have prior Silicon Valley experience. In addition to the capital of its members, the Mumbai Angels provides access to high quality mentoring, vast networks in India and abroad and inputs on strategy as well as execution.
Mumbai Angels provides its portfolio companies with a level of assistance that surpasses their highest expectations. Mumbai Angels network of relationships and their ability to leverage those relationships on behalf of their portfolio companies is unparalleled. Mumbai Angles members and their organisations have come to represent the ideal business partner for entrepreneurs who wish to start and
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