innovation trends in fintech industry

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Copyright ©. Maveric Systems Limited Innovation Trends In Fin-Tech Industry Kaustubh Var +91 7045571772 / 9595601906 [email protected]

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Copyright ©. Maveric Systems Limited

Innovation Trends

In Fin-Tech Industry

Kaustubh Varade +91 7045571772 / [email protected]

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Purpose of this session

To get acquainted with current trends in the Financial Services and Banking Industry

To understand the importance of our work in this ever changing industry by looking at the bigger picture

To inculcate eagerness within us so as to stay updated with upcoming trends

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Agenda

Rise of Banking Industry

Role of Technology in Banking

Goals of Fin-Tech Industry

Current Trends and core technologies behind them- Bitcoin, P2P Lending, Big Data, Virtual Banking

Must-have Skills to upgrade ourselves

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History of Banking Industry

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Services Expansion in Banking Industry

Fund Based• Factoring• Leasing• Hire Purchase• Bill Discounting• Housing Finance• Venture Capital

Fee Based• Debit / Credit cards• Fund Transfers & Payment

services• Commission on Insurance and MF• Portfolio management services• Broking services• Investment Banking

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Role of technology in bankingTelegraph Messaging

(1846)

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Convenient Banking

IncreasingMarket Share

ProcessAutomation

Be a good friend of Central Banker

Regulatory Compliance

Goals of Fin-Tech Industry

Customer needs Banking, not Banks.

Know your customer needs in and out.

Stay safe and secure

Security of Transactions

Cost Reduction is a way to maximize the profit

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Bitcoin Underlying technology behind Block-chain. Block-chain Distributed public ledger of transactions

of things Every single transaction is recorded in a block-chain Block-chain spans across multiple places that’s

called node Every single node has a copy of block chain Multi-authorization paves way for secured

ecosystem

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Applications

Of Bitcoin

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Peer to Peer(P2P) Lending

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Extract actionable insights using machine learning algos. Every financial transaction is nugget of data Multiple data sources pertaining to different customer groups, Product categories, functions within bank. Decision Trees, Data clustering, Text Analysis, Neural Networks, Link Analysis

Actionable Insights

User Data

Ecommerce Data

Transaction Data

Big Data

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Acquire Customer – Retain Customer – Develop Customer

Sentiment Analytics

Customer 360

Customer Segmentation

Next Best Offer Channel Journey

Listen to the customer Divide and Rule

Anticipating customer’s needs

Know your customer

Identify Cost effective channels

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Virtual Banking

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Must – Have Skills In Ever Changing the World of Financial Services

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Business Side

Awareness about

current industry trends

Risk Management Skills

Business Model

Analysis

Financial Engineer

ing

Financial Inclusion

Financial

Markets

Economics

Portfolio Investment Manageme

nt

Financial Instrum

ents

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Technical skills

Advance Technologies

Block-Chain

Artificial

Intelligence

SMAC

Programming Skills

Java C++ Python

Data Science

Analytics / R Programming

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Thank You !!