The Digital Fifth Fintech School

India's financial landscape has transformed with the introduction of Account Aggregators (AAs), an innovative framework approved by the RBI to revolutionize data sharing and utilization. Traditional banking faced challenges like fragmented data and manual processes. To address this, the RBI introduced AAs in 2016, streamlining data sharing and empowering consumers with better financial control. 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝐀𝐠𝐠𝐫𝐞𝐠𝐚𝐭𝐨𝐫𝐬: ✅ Data Consolidation: Unified view of financial data. ✅ Enhanced Lending: Faster loan approvals with reduced paperwork. ✅ Risk Management: Better risk assessment with comprehensive data. ✅ Personal Finance Management: Simplified budgeting and expense tracking. ✅ Wealth Management: Continuous portfolio monitoring and AI-driven investment strategies. 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐅𝐚𝐜𝐞𝐝: 🔴 Joint and current accounts not fully onboarded. 🔴 Missing major financial providers. 🔴 Data quality issues like inconsistent timestamps. 🔴 Some banks struggle with data request volumes. To help you navigate this evolving landscape, we've developed a comprehensive 𝐎𝐧𝐥𝐢𝐧𝐞 𝐂𝐞𝐫𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐂𝐨𝐮𝐫𝐬𝐞 𝐨𝐧 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝐀𝐠𝐠𝐫𝐞𝐠𝐚𝐭𝐨𝐫𝐬. 𝐂𝐨𝐮𝐫𝐬𝐞 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: ✔ 𝐄𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧, 𝐛𝐞𝐧𝐞𝐟𝐢𝐭𝐬, 𝐚𝐧𝐝 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬 𝐨𝐟 𝐀𝐀𝐬. ✔ 𝐒𝐞𝐜𝐮𝐫𝐞, 𝐞𝐧𝐜𝐫𝐲𝐩𝐭𝐞𝐝 𝐝𝐚𝐭𝐚 𝐬𝐡𝐚𝐫𝐢𝐧𝐠. ✔ 𝐄𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐛𝐮𝐝𝐠𝐞𝐭𝐢𝐧𝐠 𝐚𝐧𝐝 𝐞𝐱𝐩𝐞𝐧𝐬𝐞 𝐭𝐫𝐚𝐜𝐤𝐢𝐧𝐠. ✔ 𝐑𝐞𝐚𝐥-𝐭𝐢𝐦𝐞 𝐝𝐚𝐭𝐚 𝐚𝐜𝐜𝐞𝐬𝐬 𝐚𝐧𝐝 𝐢𝐦𝐩𝐫𝐨𝐯𝐞𝐝 𝐮𝐧𝐝𝐞𝐫𝐰𝐫𝐢𝐭𝐢𝐧𝐠. ✔ 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐦𝐨𝐧𝐢𝐭𝐨𝐫𝐢𝐧𝐠 𝐚𝐧𝐝 𝐀𝐈-𝐩𝐨𝐰𝐞𝐫𝐞𝐝 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧. 𝐖𝐡𝐚𝐭 𝐘𝐨𝐮'𝐥𝐥 𝐆𝐚𝐢𝐧: 💯 Master the AA framework. 💯 Understand compliance requirements. 💯 Learn about data encryption and user journeys. 💯 Improve your financial decision-making. 𝐄𝐧𝐫𝐨𝐥𝐥 𝐍𝐨𝐰: https://lnkd.in/d3gp9kY9 𝐚𝐭 𝐣𝐮𝐬𝐭 𝐑𝐬. 499/- only Join us to unlock the full potential of Account Aggregators and stay ahead in the evolving financial landscape. #accountaggregator #FIU #FIP #Customers #paticipants #ecosystem #onlinecourse #framework #realtimedata #underwriting #dataencyrption #fintechs #bank #NBFC #solutionprovider #techstack #technology #riskmanagement #fraudcheck

Join The Digital Fifth and 50Fin for a knowledge session on "𝐒𝐜𝐚𝐥𝐢𝐧𝐠 𝐋𝐨𝐚𝐧𝐬 𝐀𝐠𝐚𝐢𝐧𝐬𝐭 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 (𝐋𝐀𝐒): 𝐀 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐀𝐩𝐩𝐫𝐨𝐚𝐜𝐡 𝐭𝐨 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐋𝐞𝐧𝐝𝐢𝐧𝐠" Date: 18th September | Time: 3:00 to 4:00 pm Register now: https://lnkd.in/dqudHu37 Secured lending, a traditional practice, has been gaining momentum due to its risk mitigation benefits. However, the digital age has introduced new opportunities and challenges. LAS, by leveraging technology, offers a more efficient and scalable solution. In this knowledge Session our speakers, 📌 Aditya Srinivas Prasad, Co-Founder & CEO, 50Fin 📌 Sameer Singh Jaini, Founder and CEO, The Digital Fifth will delve into: ✅ The strategic role of LAS in digital lending ✅ Market dynamics and emerging trends ✅ Technology-driven solutions for LAS ✅ Regulatory implications and compliance considerations ✅ The potential of LAS for inclusive lending Don't miss this opportunity to learn from industry experts and gain valuable insights. Date: 18th September | Time: 3:00 to 4:00 pm Register now: https://lnkd.in/dqudHu37 Shashank Shekhar | Sreekant Rudrabhatla | Vikrant Kulkarni | Akhil S. | Jomy Mathew #LAS #DigitalLending #SecuredLoans #FinTech #Webinar #RiskMitigation #Technology #Innovation #Compliance

In a recent podcast on Podcast on Generative AI in Fintech: Unraveling the hype with Perfios our speakers: Shashank Shekhar, Co-founder and Head of Consulting The Digital Fifth Alok Kumar, Chief of Engineering, Perfios, discussed the transformative potential of Generative AI (GenAI) in Fintech. GenAI can personalize experiences, identify fraud, and automate tasks, but challenges like cost and data requirements exist. Banks can still leverage GenAI through cloud services or pre-trained models. As GenAI matures, it's expected to become a core Fintech tool. Key takeaways: - How GenAI personalizes experiences, fights fraud, & automates tasks in Fintech. - Challenges include cost, explaining outputs, & data needs. - Banks can leverage cloud services or pre-trained models. - GenAI is expected to become a core Fintech tool in the future. Watch now to get more insights on the future of Gen AI: https://lnkd.in/dApScFmm #GenAIinFintech #FintechInnovation #ArtificialIntelligence #DigitalTransformation #FutureofFintech #TheDigitalFith #Perfios #Personalization #FraudDetection #Automation #CloudServices #PreTrainedModels #DataChallenges

Meet The Digital Fifth's Leadership team at Global Fintech Fest Our leadership team: Sameer Singh Jaini, Founder & CEO Shashank Shekhar, Co-founder & Head of Consulting Sreekant Rudrabhatla, Co-founder and Head of Sales & Partnership Vikrant Kulkarni, Principal Consultant will be attending Global Fintech Fest 2024 Our expert team leaders will be available for discussions/collaboration around - Digital Strategy and Transformation - Fintech Partnership and Rollouts - Embedded Finance Rollouts - Regulatory Compliances, DPDPA and Cyber Security - Board Engagements on Transformations - Due diligence and Investment Thesis for India - India Entry for International Fintechs If you would like to catch up in any of these three days, please share your information, and we will schedule a meeting. https://lnkd.in/gdCDtHgX #fintech #gff24 #compliance #connect #banking #marketing #networking #risk

Indian Enterprise Wealthtech Industry: Path ahead India's Wealthtech industry is experiencing a transformative shift, with the Mutual Fund industry's AUM skyrocketing from USD 263B in FY’18 to USD 487B in FY’23— an 80% leap in five years. This growth is mirrored in the Wealth Management sector, where HNI and UHNI clientele expanded by 64% and 84% respectively from 2016 to 2021. In the background of these transformations, we can see multiple opportunities brewing in the Enterprise Wealthtech space. In the "Enterprise Wealthtech" chapter of the recently published Enterprise Fintech Report by The Digital Fifth & Chiratae Ventures, we have examined success factors and identified new opportunities brewing in the segment. Access the report here - https://lnkd.in/dgX7Wgw3 Trends Shaping the Enterprise Wealthtech space: - Diversification Through Alternative Funds: The rising demand for Hedge Funds, Gold ETFs, REITs, and InvITs is a testament to investors' quest for diversification. Enterprise Wealthtech is poised for growth as it builds comprehensive technology stacks to support the AIF spectrum. - Personalization in Investment Strategies: The trend toward digital customization highlights the shift to individualized Wealth Management services. Enterprise Wealthtech can leverage this trend to facilitate customized investment advice and portfolio strategies. - Integrated Reporting Solutions: The challenge of generating cohesive reports across various asset classes is an opportunity for Enterprise Wealthtechs. By creating a unified data layer, these platforms can integrate disconnected systems, fostering innovation. - Cross-Border Investment Platforms: As Indian investors eye global markets, there is a chance for Enterprise Wealthtech firms to simplify international investing by addressing diverse market needs and regulatory challenges. - Democratization of Complex Assets: The complexity and inaccessibility of certain asset classes like Private Equity and Hedge funds are prevalent. Enterprise Wealthtechs can solve this problem by democratizing assets through fractionalization, fund pooling, and improved price discovery. Access the report here - https://lnkd.in/dgX7Wgw3 #fintech #wealtech #Enterprisewealthtech #enterprisefintech #regtech #Investment #Finance #DigitalTransformation #AssetManagement #FinancialServices

Join The Digital Fifth and 50Fin for a knowledge session on "𝐒𝐜𝐚𝐥𝐢𝐧𝐠 𝐋𝐨𝐚𝐧𝐬 𝐀𝐠𝐚𝐢𝐧𝐬𝐭 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 (𝐋𝐀𝐒): 𝐀 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐀𝐩𝐩𝐫𝐨𝐚𝐜𝐡 𝐭𝐨 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐋𝐞𝐧𝐝𝐢𝐧𝐠" Date: 18th September | Time: 3:00 to 4:00 pm Register now: https://lnkd.in/dqudHu37 Secured lending, a traditional practice, has been gaining momentum due to its risk mitigation benefits. However, the digital age has introduced new opportunities and challenges. LAS, by leveraging technology, offers a more efficient and scalable solution. In this knowledge Session our speakers, 📌 Aditya Srinivas Prasad, Co-Founder & CEO, 50Fin 📌 Sameer Singh Jaini, Founder and CEO, The Digital Fifth will delve into: ✅ The strategic role of LAS in digital lending ✅ Market dynamics and emerging trends ✅ Technology-driven solutions for LAS ✅ Regulatory implications and compliance considerations ✅ The potential of LAS for inclusive lending Don't miss this opportunity to learn from industry experts and gain valuable insights. Date: 18th September | Time: 3:00 to 4:00 pm Register now: https://lnkd.in/dqudHu37 Shashank Shekhar | Sreekant Rudrabhatla | Vikrant Kulkarni | Akhil S. | Jomy Mathew #LAS #DigitalLending #SecuredLoans #FinTech #Webinar #RiskMitigation #Technology #Innovation #Compliance

🚀 Join us for a knowledge Session on: Unlock the Future of NBFCs: Mastering the CFSS Framework Date: 4th September | Time: 3:00 to 4:00 pm Register now: https://lnkd.in/gpHnDFTt The landscape for Non-Banking Financial Companies (NBFCs) is changing fast, and keeping up with the latest regulatory requirements and tech trends is more important than ever. The Compliance and Financial Stability Standards (CFSS) framework is quickly becoming a crucial piece of the puzzle, aimed at ensuring the financial stability and sustainable growth of NBFCs. What does it really involve? How will it impact your day-to-day operations? What do you need to change in your company’s architecture to align with it? And, most importantly, how do you stay compliant without stifling innovation? 📅 **Join us for a knowledge session that’s designed to give you a solid understanding of the CFSS framework and how it applies to NBFCs. Our Speakers: 🗣 Shashank Shekhar, Co-founder & Head of Consulting at The Digital Fifth   🗣 Deepak Sai, Senior Consultant at The Digital Fifth   Will Cover: -Focus Areas of CFSS Framework: Get to the heart of what CFSS is all about and why it’s crucial for the NBFC sector. -Impact & Implications for NBFC Operations: We’ll break down how CFSS will affect the way you operate and what changes you might need to make. - Reimagining NBFC Architecture: Learn how to adapt your company’s architecture to meet CFSS requirements while still fostering growth and innovation. -Compliance Strategy: Get practical tips on how to navigate the compliance landscape effectively. 🔗 **Don’t miss this chance to get ahead. Register now and make sure your NBFC is ready for what’s next!** #NBFC #CFSS #FinancialStability #Compliance #Fintech #TheDigitalFifth #FinancialServices #Innovation #RegTech

Have you heard of ONDC, the revolutionary initiative set to transform the digital commerce landscape in India? 🤔 👉 Enroll in our 𝐎𝐍𝐃𝐂 𝐂𝐞𝐫𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐜𝐨𝐮𝐫𝐬𝐞 𝐭𝐨𝐝𝐚𝐲: https://lnkd.in/dXTvzgrC Imagine a world where businesses of all sizes, from local kirana stores to big retail giants, compete on a level playing field. A marketplace where consumers have unparalleled access to a wide range of products and services, all at their fingertips. 🚀 Are you curious about how ONDC will impact the future of e-commerce and what it means for businesses and consumers alike? 🔑 Unlock these secrets and more with our comprehensive ONDC training course! 🔑 Don’t miss out on the opportunity to stay ahead in the digital commerce game. 𝐄𝐧𝐫𝐨𝐥𝐥 𝐧𝐨𝐰 𝐚𝐧𝐝 𝐛𝐞 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐞-𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐫𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧! 🚀 https://lnkd.in/dXTvzgrC Sameer Singh Jaini | Shashank Shekhar | Sreekant Rudrabhatla | Vikrant Kulkarni | Deepak Sai #ONDC #OpenNetworkForDigitalCommerce #EmpoweringBusinesses #EmpoweringConsumers #DigitalCommerceRevolution #LevelPlayingField #FutureOfEcommerce #IndiaEcommerce

Join The Digital Fifth and 50Fin for a knowledge session on "𝐒𝐜𝐚𝐥𝐢𝐧𝐠 𝐋𝐨𝐚𝐧𝐬 𝐀𝐠𝐚𝐢𝐧𝐬𝐭 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 (𝐋𝐀𝐒): 𝐀 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐀𝐩𝐩𝐫𝐨𝐚𝐜𝐡 𝐭𝐨 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐋𝐞𝐧𝐝𝐢𝐧𝐠" Date: 18th September | Time: 3:00 to 4:00 pm Register now: https://lnkd.in/dqudHu37 Secured lending, a traditional practice, has been gaining momentum due to its risk mitigation benefits. However, the digital age has introduced new opportunities and challenges. LAS, by leveraging technology, offers a more efficient and scalable solution. In this knowledge Session our speakers, 📌 Aditya Srinivas Prasad, Co-Founder & CEO, 50Fin 📌 Sameer Singh Jaini, Founder and CEO, The Digital Fifth will delve into: ✅ The strategic role of LAS in digital lending ✅ Market dynamics and emerging trends ✅ Technology-driven solutions for LAS ✅ Regulatory implications and compliance considerations ✅ The potential of LAS for inclusive lending Don't miss this opportunity to learn from industry experts and gain valuable insights. Date: 18th September | Time: 3:00 to 4:00 pm Register now: https://lnkd.in/dqudHu37 Shashank Shekhar | Sreekant Rudrabhatla | Vikrant Kulkarni | Akhil S. | Jomy Mathew #LAS #DigitalLending #SecuredLoans #FinTech #Webinar #RiskMitigation #Technology #Innovation #Compliance

Cross-Border Payments: Transforming Financial Transactions in India Cross-border payments are crucial financial transactions where the payer and recipient are in different countries. In India, these payments are primarily facilitated by AD - I Category Banks through the Correspondent banking system. In recent years, there's been a growing demand for faster, cheaper, and more convenient cross-border payment options. To meet this demand, several updates have emerged in India, including: UPI Global Payment: UPI-PayNow Linkage: This groundbreaking linkage allows users of the Unified Payments Interface (UPI) in India to make real-time payments to users of the PayNow system in Singapore. Payment Service Provider: RBI's OPGSP Guideline: This guideline has led to the emergence of Payment Service Providers specifically for EXIM (Export-Import) transactions. These advancements are making cross-border payments more seamless and efficient, paving the way for enhanced global financial connectivity. To learn more on Cross border payments, Enroll in our online Certification course on Digital Payments at just Rs. 499/- Enroll now: https://lnkd.in/dvspXa2y #CrossBorderPayments #FinTech #UPI #GlobalPayments #FinancialTechnology #BankingInnovation #RBI #IndiaFinance