The Digital Fifth

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

The Reserve Bank of India (RBI) has taken a significant step in enhancing the robustness of the financial sector with its latest release, the "𝐆𝐮𝐢𝐝𝐚𝐧𝐜𝐞 𝐍𝐨𝐭𝐞 𝐨𝐧 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐑𝐢𝐬𝐤 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐑𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐜𝐞," dated April 30, 2024. This document not only supersedes the previous guidance from 2005 but also redefines the landscape of operational risk management and resilience for Regulated Entities (REs). The reliance on technology and third-party service providers has increased, which also increases the risks of cyber and operational risks. The integration of technology in financial operations, although beneficial, has exposed entities to significant vulnerabilities, necessitating an advanced approach to operational risk management. Key updates in RBI Guidance Note - ➡ 𝐁𝐫𝐨𝐚𝐝𝐞𝐧𝐞𝐝 𝐅𝐨𝐜𝐮𝐬 𝐚𝐧𝐝 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐛𝐢𝐥𝐢𝐭𝐲 - The updated guidance expands from focusing only on managing operational risks to also enhancing operational resilience, broadening its applicability beyond Scheduled Commercial Banks to include all Commercial Banks, NBFCs, Co-operative Banks, and All India Financial Institutions. ➡ 𝐓𝐡𝐫𝐞𝐞 𝐋𝐢𝐧𝐞𝐬 𝐨𝐟 𝐃𝐞𝐟𝐞𝐧𝐜𝐞 𝐌𝐨𝐝𝐞𝐥 - The introduction of the 'Three Lines of Defence' model clarifies roles within organizations: ↔ Business units as the First Line manage risks directly. ↔ The Second Line includes compliance and risk management functions. ↔ The Third Line, the audit function, provides independent assurance. ➡ 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐂𝐡𝐚𝐧𝐠𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐅𝐨𝐜𝐮𝐬 - There is new, detailed guidance on managing changes effectively to maintain resilience and on handling third-party and technology relationships, crucial in today’s digital age. ➡ 𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐨𝐮𝐬 𝐋𝐞𝐚𝐫𝐧𝐢𝐧𝐠 𝐚𝐧𝐝 𝐈𝐧𝐜𝐢𝐝𝐞𝐧𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 - Entities are encouraged to learn from past incidents and continuously update their risk management practices to foster a culture of continuous improvement. ➡ 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐑𝐢𝐬𝐤 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐂𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐢𝐨𝐧 - The guidance aligns operational risk capital calculation more closely with Basel III norms, streamlining requirements for some entities. To know about the implications on the financial institutions and the next actionable for the bank download our report on ORM- https://lnkd.in/drNvcGrk Sameer Singh Jaini | Shashank Shekhar | Sreekant Rudrabhatla | Vikrant Kulkarni | Deepak Sai #RBI #OperationalRiskManagement #OperationalResilience #FinancialSector #RiskManagement #Banking #Finance #TechnologyRisk #CyberSecurity #ThirdPartyRisk #FinancialInstitutions #BaselIII #ChangeManagement #ContinuousImprovement #ThreeLinesOfDefence #NBFCs #CooperativeBanks #CommercialBanks #Fintech #RegulatoryCompliance #FinancialStability #RiskCapital #BankingSector #ORM #ResilienceInBanking #RiskMitigation

📢Be the Catalyst for Change in BFSI at Bharat Fintech Summit 2025 Get your pass now: https://lnkd.in/dc-WryzD The Bharat Fintech Summit is back and bigger than ever for its 3rd edition on 5th and 6th February 2025. After two phenomenal years with participation soaring from 1,400 to 1,800 delegates, we are set to welcome 2,500+ industry leaders, innovators, and practitioners this year. 🎫 We are launching the Delegate Passes with an 𝐄𝐚𝐫𝐥𝐲 𝐁𝐢𝐫𝐝 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭: 𝐆𝐫𝐚𝐛 𝐲𝐨𝐮𝐫 𝐥𝐢𝐦𝐢𝐭𝐞𝐝 𝐩𝐚𝐬𝐬 𝐧𝐨𝐰 𝐚𝐭 𝐭𝐡𝐞 𝐝𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐞𝐝 𝐩𝐫𝐢𝐜𝐞 𝐨𝐟₹6000/- (𝐚𝐜𝐭𝐮𝐚𝐥 𝐩𝐫𝐢𝐜𝐞₹12000/-). 𝐋𝐢𝐦𝐢𝐭𝐞𝐝 𝐩𝐚𝐬𝐬𝐞𝐬 𝐚𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞! But Hurry – This Offer Won't Last Long! 🎯Why you can’t miss? 5000+ 𝐅𝐨𝐨𝐭𝐟𝐚𝐥𝐥𝐬| 250+ 𝐒𝐩𝐞𝐚𝐤𝐞𝐫𝐬| 60+ 𝐩𝐚𝐧𝐞𝐥𝐬| 15+ 𝐅𝐢𝐫𝐞𝐬𝐢𝐝𝐞 𝐜𝐡𝐚𝐭𝐬| 20+ 𝐌𝐚𝐬𝐭𝐞𝐫𝐜𝐥𝐚𝐬𝐬| 5 𝐫𝐞𝐩𝐨𝐫𝐭 𝐥𝐚𝐮𝐧𝐜𝐡𝐞𝐬| 20+ 𝐖𝐨𝐫𝐤𝐬𝐡𝐨𝐩𝐬| 20+ 𝐃𝐞𝐦𝐨𝐬 Sameer Singh Jaini | Shashank Shekhar | Sreekant Rudrabhatla | Vikrant Kulkarni | Deepak Sai #DigitalPayments #FinancialTechnology #FintechRevolution #Banking #Investment #FinancialServices #InclusiveGrowth #SustainableFinance #DigitalIndia #EarlyBirdDiscount #LimitedPasses #GrabYourPass #IndustryLeaders #FintechLeaders #FutureofFinance #Panels #FiresideChats #Masterclasses #Workshops #Demos #ReportLaunch #Networking

🚀 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

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

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

NPCI Propel is inviting early-stage startups, from MVP to Pre-Series funding, to join us in Chennai for an impactful 2-day event this September. Register now! ➡️ https://lnkd.in/d9GtE6P6 What to Expect: ▶ Industry Insights: Dive deep into : ✅The latest Fintech trends ✅Regulatory updates ✅Market opportunities. - Specialized segments covering- ✅Payment ✅Lending ✅Regulatory landscapes ✅Credit on UPI ✅Tokenisation ✅India Stack for Payments Hardware. ▶ Mentorship Opportunities: ✅Learn from successful entrepreneurs and seasoned experts through interactive sessions and workshops. ✅Gain invaluable knowledge on payment systems, lending strategies, and navigating regulatory environments. Don't miss out on this chance to accelerate your growth and network with top industry leaders and investors. Dates : 19-20th September ,2024 Supported By: The Digital Fifth Partners : Zaggle & Capital-A (Manjushree Capital Advisors) Local Partner : Novac Technology Solutions Register now: https://lnkd.in/dpuus7Wf National Payments Corporation Of India (NPCI) Nalin Bansal Amitava Banerjee Rushial Tickoo Sreekant Rudrabhatla Devyani Jagdale Shivangi Singh Sameer Singh Jaini Shashank Shekhar Capital-A (Manjushree Capital Advisors) Zaggle Harmeet Singh Arora Raj Narayanam Novac Technology Solutions Shreeya Vedak K D Singh

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

🚀 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

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