December 2, 2016
On November 30, LTP and Opus Consulting collaborated with Let’s Talk Payments once more to bring one of its FinTech Meetups to the city of Chennai. This FinTech meetup was the first of its kind in Chennai and will hopefully be one of many, given the interest it generated between the participants. The event was on a first come, first serve basis and we were blown away by the amount of responses we had received. We had underestimated the interest in FinTech from the Chennai ecosystem as there was a good turnout. The meetup took place at the office of Opus at SKCL Central Square-1 (thankfully not far from the airport).
The theme of the meetup was payments and lending. The meetup began with a short introductory address by Mr. Amit Goel, Co-founder and MD at LTP. The next speaker was Mr. Gopal Appuswamy, Head of Analytics at Opus Consulting, who spoke on their domain expertise, technology capabilities and processes to deliver market-leading solutions through the domain service lines of remittance, cards, retail and payments and technology service lines of digital, data & analytics and testing. A presentation on the current international and Indian FinTech landscape was done by Amit, which was quite insightful and had plenty of key takeaways.
The final session was an interactive panel discussion around the theme of payments and lending. The panelists comprised of Mr. Sandeep Nambiar from Rubique, Mr. Rajaraman Santhanam, Co-Founder at Chargebee and Kristrún Tinna Gunnarsdóttir, FinTech Dealmaker at Beringer Finance. It was an in depth discussion on the emerging trends in payments and lending and the challenges that payments and lending startups should solve. The discussion also touched upon the issues faced by SaaS companies in implementing recurring payments (second factor of authorization). With respect to lending, the panel touched upon new credit scoring mechanisms, marketplace lending model versus owning a loan book and how a collaborative approach (with banks and NBFCs) is best suited for lending startups. There was also a discussion and questions for the panelists from the audience about the regulatory challenges in India and also the international innovations elsewhere in the world and how Indian startups can implement the same in India.
(From L to R : Kristrún Tinna Gunnarsdóttir from Beringer Finance, Rajaraman Santhanam, Co-Founder at Chargebee, Sandeep Nambiar, Co-Founder at Rubique and Amit Goel from LTP)
The Chennai FinTech meetup was a great success. LTP would like to thank its partner Opus, the speakers and audience members for participating at this knowledge exchange. We are looking forward to more editions of the Chennai FinTech meetup in the future.