CFA Institute Live Webinars Presentation Recorded 05 May 2022
Career Insights: Fintech in India
Overview
The fintech ecosystem has become mainstream and has integrated with traditional ecosystems at a scale never seen before. Traditional banks and financial institutions are now partnering with fintechs to acquire new customers and gain efficiencies in their processes. A leading private sector bank in India recently claimed that it now opens 70% of new accounts through fintech partnerships. The regulatory landscape is also evolving rapidly. An Indian banking regulator has published guidelines making it mandatory for banks to set up digital banking units and allowing them to outsource this unit to fintech service providers. Other initiatives around account aggregators would add immense power to the IndiaStack, creating a unified payments interface opportunity in the lending space. This initial success of fintech models in payments and lending and venture capital has opened doors to innovative ideas in digital lending, payments, and insurance and wealth management.
These developments have generated multiple career options for fintech professionals and fresh graduates who want to join this space. What does it take to grow your career in this space? What type of roles and functions exist today? As the sector evolves, where will new opportunities be created? Join Abhishek Miglani, a leading fintech professional, to explore this space and gain actionable insight into career development in the fintech space.
Learning outcomes:
- Learn about the fintech landscape in India.
- Review all major subsectors of this space, including lending, payments, and insurance and wealth management
- Gain valuable insight into career opportunities.
This is the archived version of a live webinar that took place on 5 May 2022
About the Speaker(s)
Abhishek Miglani is senior vice president at Enkash, a leading cards fintech company. In this role, he is responsible for business development, managing partnership and alliances, and various other strategic initiatives for the organization. Before serving in this role, he was directing business development for Indifi Technologies, which is a leading credit fintech for small and midsize enterprises. He has extensive experience in creating and scaling new business verticals for various fintechs and established financial services providers. Before venturing into the world of fintechs, Miglani held key positions at strategy consulting firms, such as EY, BCG, and PwC, which helped him gain leadership experience in the world of financial services. He also mentors start-ups and founders in the domains of deep-technology and finance. Miglani holds a master’s degree from Lal Bahadur Shastri Institute of Management, Delhi, and a bachelor’s degree in engineering from Baba Saheb Ambedkar Institute of Technology and Management, Delhi.
Dr. Monika Chopra is a faculty member at the International Management Institute (IMI), New Delhi. She is also the chair of the PGDM Banking and Financial Services (BFS) Program at IMI. She teaches courses on business valuation, corporate finance, and financial analysis. During her academic career of 17 years, she has authored 16 research papers and six case studies and has edited three books. As a part of her corporate interface, she has conducted various workshops on “Finance for Non-Finance Executives” and various management development programs for government organizations, including Gas Authority of India Limited (GAIL), Indraprastha Gas Limited (IGL), Indraprastha Power Generation Company (IPGCL), and Confederation of Indian Industry (CII), on such issues as valuation in mergers and acquisitions and financial analysis as well as on analysing red flags and earnings quality.
Chopra holds a doctorate and is a CFA® charterholder. She has studied with Professor Damodaran and has completed business valuation and investment philosophy certifications under his guidance. As a regular member of CFA institute, she is a volunteer in the Advocacy committee as well as the core committee of CFA Institute research challenge in India. She is also the India representative for CFA Asia Research Pacific Exchange (ARX) in India.