The role of capital and technology in taking financial services to a billion people
It has been a year since smaller banks in India, were granted operational licences. It has also been few months since the launch of UPI, the intent of which is to provide easy access of money to masses. Further, RBI is in discussion with industry veterans to decide future direction of P2P lending and regularize it. Additionally, latest trends in financial services suggest that startups offering online consumer lending and insurance options are on rise and will soon give strong competition to traditional banks and NBFC’s.
All these major trends and reforms in the financial services space seem to be pointing at a singular objective - enabling easy lending and credit services to masses. To clarify, even today, capital for lending is not a challenge; rather, the biggest challenge is the lack of mechanism to disburse this capital. This lack of mechanism includes deciding credit worthiness, lack of awareness and long procedural formalities.
Noting that technology can provide solution to these challenges, fintech startups and alternative players are introducing very unique and attractive business models. The investors are also upbeat about this scenario and as a result about 361 financial services startups received funding in 2015-2016. The underlying agenda for majority of these players is to leverage opportunities presented by technology in lending and credit space.
The 4th edition of News Corp VCCircle India FinServ 2016 will discuss a lot of these questions like how are new banks approaching lending & credit services amid headwinds from rising NPAs; how is FinTech keeping banks on their toes; how is technology touching consumer facing businesses including personal finance & wealth management? Finally, will newer business models bridge the lending gaps? What is the role of private capital in building financial services sector for masses? Where would the next billion dollars get invested in financial services sector?
Registration and Refreshments
Welcome Address by Nita Kapoor, Head, India - New Ventures, News Corp (VCCircle)
Special address by Sushil Muhnot - CMD, Bank of Maharashtra on ‘The role of capital and technology in taking financial services to a billion people’
Special address by V Vaidyanathan - Founder and Chairman, Capital First Ltd
Creating Lending Infrastructure, a priority for enabling financial inclusion in India
Almost 115 million bank accounts have been opened since the launch of Pradhan Mantri’s Jan Dhan Yojna. However, opening an account is only the first step toward financial inclusion. The entire exercise of having citizens under banking umbrella will have positive impact only if masses have access to lending services and can avail loans at competitive rates. This session will discuss need to create a backend infrastructure that enables transparent, easy and cost-effective lending.
Nilesh Shrivastava - Manager, Financial institutions Portfolio, South Asia, IFC
Dr. Kshama Fernandes - Managing Director & CEO, IFMR Capital
Rishi Mandawat - Principal, Bain Capital
Venkatesh Srinivasan - Managing Director, Everstone Capital Advisors Pvt Ltd (Moderator)
Presentation on ‘The Cloud(y) way’ by Anindya Das - Senior General Manager - IT Engineering, Netmagic
Banks & FinServ: How large banks are embracing technology
For traditional retail banks to work efficiently and enhance their business value in today’s disruptive environment, it is necessary that they proactively embrace the digital revolution. India, which is emerging as a hub for fintech startups, offers a plethora of services at its disposal. This is indeed a unique opportunity for traditional banks to partner with disruptive players and introduce services and products ensuring efficient delivery of lending and credit services. What are some of the disruptive trends transforming the banking operations and making them efficient?
Harjeet Toor - Business Head - Cards, Retail & MSME Loans, Financial Inclusion, RBL Bank
Vishal Lal - Co- founder, Ultracash Technologies
Akash Aurora - Co-founder, ePaisa
Rohit Gupta - Chief Financial Officer, NIIT Ltd
Vivek Belgavi - Partner, Financial Services - FinTech and Technology Consulting Leader, PwC (Moderator)
Armchair Interview- One year of licenses to small finance banks, what has changed and what is the future?
Interviewee: Santanu Mukherjee - Chief Innovation & Strategy Officer, Janalakshmi Financial Services
Interviewer: Nishant Sharma - Managing Director, Kedaara Capital Advisors
Presentation by Anuj Bugga - Managing Director-Global Risk and Investigations, FTI Consulting on ‘NPAs: A forensic approach to prevention and recovery’
Online lending market places - P2P and corporate lending
Online lending marketplaces have soon emerged as an industry with players offering faster credit to vendors and small businesses. While it has certain set of opportunities like access to data and loyalty, the challenge is ambiguous regulations, rate of interest and NPA’s. How do online players keep a check on challenges while leveraging opportunities? While marketplaces have been a hot favourite for investors till recently, will this trend continue?
Adhil Shetty - Founder and CEO, Bankbazaar.com
Vineetha MG - Partner, Samvad Partners
Rajat Gandhi - Founder and CEO, Faircent
Shankar Vaddadi - CEO and Founder, i-lend
Gaurav Hinduja - Co - Founder, Capital Float
Anand Lunia - Founder, Partner, India Quotient (Moderator)
Presentation by Vaibhav Khandelwal - BFSI Leader - IBM Security SWG, India / South Asia, IBM
on ‘Bringing Tech in Fintech: How are tech giants revolutionising finance’
Fintech for wealth management
Wealth management for middle income and mass affluent Indians is a large opportunity that start ups are targeting via robo-advisory, money management apps and tech enabled advisory models. How are they doing, how are incumbents reacting to this market and to competition from tech enabled start ups and what has investors excited about this space?
Gaurav Zutshi - EVP & Chief Digital Officer, Aditya Birla Financial Services
Nitin Jain - CEO - Global asset & wealth management, Edelweiss Financial Services
Aashish P Sommaiyaa - Managing Director & CEO, Motilal Oswal Asset Management Co. Ltd.
Kishore Babu - COO, Axis Finance
Vikram Gupta - Founder & Managing Partner, IvyCap Ventures
Manish Shah - Co-founder and CEO, BigDecisions.com (Moderator)
SME Lending: Channels to bridge demand - supply
From a small furniture shop to remotely stationed robotic manufacturer, the SME space in India is thriving. However, despite multiple initiatives, there are still instances where small enterprises are not able to avail funding in absence of papers, knowledge or collaterals. Many startups and banks are trying to address this issue but what are some concrete strategies required to bridge the gap?
Rahul Chandra - Managing Director, Helion Advisors Pvt. Ltd
R.N. Iyer - Co-founder and Director, Vayana Network
Alok Mittal - CEO and Co-founder, Indifi Technologies Private Ltd
Ritesh Vig - Founder, Veracity Leading Edge (VLE)
Abhijit Ray - Co-Founder and Managing Director, Unitus Capital
Prasanna Bora - Director, Corporate Finance, o3 Capital Global Advisory (Moderator)
Valedictory remarks by Rana Kapoor - Founder, Managing Director & CEO, YES BANK
News Corp VCCircle Unwind
This session will provide more networking time to entrepreneurs and investors over cocktails.
Date : 28th July
Address: Taj Lands End, Mumbai,
Byramji Jeejeebhoy Road, Band Stand, Bandra West,
Mumbai, Maharashtra 400050
The Bank of Maharashtra Ltd. was formally registered under the Indian Companies Act on the auspicious day of 16th September 1935 at Pune with an authorized capital of Rs.10.00 lakh with the objective to serve the common man who were till then neglected by the banking system. The actual business of the bank commenced on 8.2.1936. The first Board of Directors was led by Prof. V.G. Kale, Chairman, Shri D.K. Sathe, Vice Chairman. Other directors in the first Board were Shri V.P. Varde, Shri S.G. Marathe, Shri N.G. Pawar, Shri T.V. Ranade, Shri R.C. Sohoni, Shri M.R. Joshi, Shri B.M. Gupte and Shri F.D. Pudumjee.
From a Bank of Rs 10 Lakh in 1936, it has metamorphosed into a Bank of more than 2 Lakh Crore of business; on account of the trust and faith reposed by our devout customers and prudent policies followed by the Bank throughout its existence.
The performance highlights of Bank on major parameters in the year 2015-16 are as under:<
Netmagic, an NTT Communications company, is India’s leading Cloud and Managed Hosting service provider, with 5 availability zones, 9 carrier-neutral, state-of-the-art data centers and serving more than 2000 enterprises globally. Headquartered in Mumbai, Netmagic also delivers Remote Infrastructure Management (RIM) services to various Enterprise customers globally including NTT Communication’s customers across Americas, Europe and Asia-Pacific region. The Company was the first in India to launch services like Cloud Computing, Managed Security, Disaster Recovery-as-a-Service (DRaaS) and Software-Defined Storage. Netmagic has won several awards including wins at Datacenter Dynamics Asia-Pacific Awards 2016, 5 awards at CIO Choice Award 2017 and Frost & Sullivan India ICT Award 2016.
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organisations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 4,200 employees located in 26 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management, strategic communications and restructuring.
FTI Consulting’s Global Risk and Investigations Practice is the leading provider of comprehensive business risk solutions including reputational due diligence and other business intelligence, fraud and corporate investigations, data forensics and electronic evidence recovery, brand protection, the strategic management of intellectual property and crisis containment services in Asia. Whether the task is to determine the reputation and suitabili
Samvād: Partners is a partner-led, solution- oriented law firm. The Firm is committed to providing smart and quality legal advice to our clients; maintaining the highest levels of professional integrity; and nurturing our lawyers in a work environment that motivates them to achieve and maintain the highest standards.
The Partners of the Firm are leaders in their respective fields of practice. The majority of our Partners have a rich mix of domestic and international experience, having worked in several legal and financial capitals around the world, including London, Hong Kong, Singapore, Mumbai, New Delhi and the Hague. Our lawyers are truly international, with several being admitted to practice law in India, England & Wales and New York, bringing with them a deep and diverse international perspective.
The Firm provides a full range of services in the mergers and acquisitions space, covering MOU negotiations, legal due diligence reviews and recommendations,
Capital Float is a digital finance company which provides working capital finance for SMEs in India. We offer flexible, short-term loans that can be used to purchase inventory, service new orders or optimize cash cycles. Borrowers can apply online in minutes, select desired repayment terms and receive funds in their bank accounts in 3 days with minimal hassle. Capital Float’s mission is to bridge the current gap in the market with financial products for SMEs, delivered in an efficient and customer-friendly manner.
• Capital Float was founded in 2013 in Bangalore and serves customers in over forty cities.
• The company was co-founded by alumni of the prestigious Stanford University- Sashank Rishyasringa who was earlier associated with McKinsey & Company and Gaurav Hinduja, the head of operations for his family business, Gokaldas Exports
• Capital Float has raised a total of
VLE Consultants - VLE is a specialized management advisory firm. We work closely with entrepreneur’s vision and translate them into reality through our strategic advisory and corporate financing functions. Our services, includes Strategy, Merger & Acquisition, Strategic Finance, Transaction Advisory, Startup Integrated solutions and valuations. At VLE, entrepreneur’s get one shop solution through our tie-ups with association in other verticals like Legal, Regulatory and Compliance, Taxation and HR Solutions.
The team at VLE has shown up very transparent, integrated and committed approach to its client and successfully nurturing our relationship through mutual respect.
Currently, we are serving with 15 start ups from fintech, consumer durables, IOT, Big Data & health care space. Apart from start up, we are into loan syndications for mid and big scale corporates. Regarding, M & A, we are working on supply c
NIIT is a leading Skills and Talent Development Corporation that is building a manpower pool for global industry requirements. The company, which was set up in 1981 to help the nascent IT industry overcome its human resource challenges, today ranks among the world’s leading training companies owing to its vast, yet comprehensive array of talent development programs. With a footprint across 40 nations, NIIT offers training and development solutions to Individuals, Enterprises and Institutions. NIIT has three main lines of business across the globe- Corporate Learning Group, Skills and Careers Group, and School Learning Group.
NIIT's Corporate Learning Group (CLG) offers Managed Training Services (MTS) to market-leading companies in North America, Europe, Asia, and Oceania. The Skills and Careers Group (SNC) delivers a diverse range of learning and talent development programs to millions of individual and corporate learners in areas including Digital Tran
Bain Capital Private Equity (www.baincapitalprivateequity.com) has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since our founding in 1984. Our team of more than 400 investment professionals creates value for our portfolio companies through our global platform and depth of expertise in key vertical industries including consumer/retail, financial and business services, healthcare, industrials, and technology, media and telecommunications. In addition to private equity, Bain Capital invests across asset classes including credit, public equity and venture capital, and leverages the firm’s shared platform to capture opportunities in strategic areas of focus.
o3 Capital is a mid-market investment bank, providing financial and strategic advice to clients. The company is built on two core businesses – Corporate Finance and Alternate Asset Management.
o3 Capital serves a wide range of clients including cutting-edge start-ups, established market leaders, private equity houses and large global corporate entities, across select verticals - Consumer, Healthcare, Industrials, Financial services, Technology and Digital. o3 Capital has successfully consummated 110+transactions in the last 9 years aggregating to over USD 4.5 bn in transaction value.
ePaisa is a SaaS based Point of Sale (POS) which provides tools to businesses of all sizes to help run and grow from Entrepreneur to Enterprise. These tools solve their pain points and help them organize their day to day business effectively and efficiently. ePaisa iOS and Android app enables business to take care of their billing, manage inventory, accept all forms of payments (cards, wallets, cash, Bitcoins), reach out to customers and earn more to grow their business. Thousands of retailers, QSRs, exhibitors, high street stores and home delivery companies across India are currently advancing their business using ePaisa.
Founded in 2012, with offices in Mumbai and New Delhi, ePaisa is driven by commerce enablement and is working to liberate commerce – leveling the playing field for merchants of all sizes.
GlobalSign, founded in 1996, is a provider of identity services for the Internet of Everything (IoE), mediating trust to enable safe commerce, communications, content delivery and community interactions for billions of online transactions occurring around the world at every moment. Its identity and access management portfolio includes access control, single sign-on (SSO), federation and delegation services to help organizations and service providers create new business models for customer and partner interactions. GlobalSign’s core digital certificate solutions allow its thousands of authenticated customers to conduct SSL secured transactions, data transfer, distribution of tamper-proof code, and protection of online identities for secure email and access control. GlobalSign’s solutions are designed to address the massive scalability demanded by the emerging $14.4 trillion IoE market, where the ability to make secure networked connections among people, processes, data an
ixCFO provide high impact outsourcing CFO/FC ( Chief Finance Officer/Financial Controller) services
• One of the key stakeholder while navigating growth & tracking financial health
• Create value driven approach to finance function with best of management practices
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We provide different variants of CFO Services to meet the requirement of every business curve and assist in navigating orderly controls while driving growth & profitability on sustainable basis :
• Outsourcing CFO/Controller to SME/Start-ups on sha
TiE (The Indus Entrepreneurs) Mumbai is one of the most vibrant and fastest growing entrepreneurial ecosystems in the TiE Network, the world’s largest non-profit global network of entrepreneurs and professionals dedicated to the advancement of entrepreneurship. TiE Mumbai currently works towards growing and supporting the entrepreneurial community across various sectors, some of them as mentioned below:
TiE Food Network (TFN) is an initiative towards encouraging and supporting entrepreneurship in the foodspace, by providing entrepreneurs with a platform where they can network, learn and get mentored.
Media and Entertainment Network by TiE (MENT) works towards enabling and empowering entrepreneurs in the media & entertainment industry across Mumbai & Pune. It aims to provide a platform for entrepreneurs, founders and CXOs in the industry to interact with peers, solve common founder challenges and facilitate curated networking.
AIBI is a voluntary association of Investment Bankers in the country. It was formed in 1990’s at the initiative of Indian Capital Markets regulatory body, SEBI. All Merchant Bankers, registered with SEBI are eligible to be members of AIBI. AIBI is India’s only association representing the investment banking industry.
On January 21, 2012 the name of the Association was changed to “Association of Investment Bankers of India” to encompass all the activities carried out by the Investment Bankers other than Issue Management.
Currently, there are fifty three members of the association.
AIBI strives to be an objective Industry body with a credible action plan and balances its role as an industry body with its role of an influencer so that there is never any conflict of interest for the members. It ensure that its activities are not confined to selected few but are available and are beneficial to all members.
AIBI is represente
Society for Innovation and Entrepreneurship (SINE) is a Technology Business Incubator (TBI) hosted by IIT Bombay. SINE is a broad spectrum technology incubator, incubating startups from varied technology and science areas. It was set as a society under Society Registration Act in 2004 with financial and infrastructure support from IIT Bombay and Department of Science and Technology (DST).
SINE provides a 3-year incubation support to technology startups with linkage to IITB, comprising of the following:
Infrastructure: Fully furnished offices, access to labs, shared facilities
Funding: We have our own Seed Fund, and facilitate connections with Angel Investors / VCs
Mentoring: Access to experts including IITB Alumni, SINE Alumni, Industry Experts, Fundraisers, VCs, etc. i.e. business and tech mentorship
Retainer Services: Lawyers, CAs, IP attorneys, web hosting services, design companies, manufacturing, finance management cos, etc.
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