DLAI brings together India’s key fintech stakeholders , launched white paper in changing consumer behavior

2024-04-22 06:31:32 Events / Trade Shows

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Mumbai, May 10, 2018: Marking the return of the biggest event of its kind organized by the fintech industry in India, the DLAI Fintech Conference built on its impressive debut by successfully completing its second installment in Mumbai. Organised by Digital Lenders Association of India (DLAI) at Taj Land?s End in Mumbai last week the conference brought together countries key stakeholders within India?s emerging fintech ecosystem to exchange knowledge and experience pertaining to the field of fintech. On this occasion, DLAI with association with Crisil also unraveled white paper launch on changing consumer behaviour with some key industry insights on the current scenario on lending space.

Based around the theme of Driving India?s Fintech Agenda, the 2018 event was attended by over 300 participants from across the country, including several prominent dignitaries from USA, UK,and China aswell.

Based on the white paper some of the interesting observations are ;

? Card Application approval within a day has been increased from 14% to 37%

? Personal Loan Application approval in a day has increased from 4% to 18%
? Sensitivity to an improved onboarding process on unsecured loans increases by consumer age

? The early delinquency trend is meaningful in lower score buckets

Lendit Co-Founder & CEO Bo Brustkern shared his insights on the USA, UK, and China market with deep analysis on these three dominating countries in Fintech Lending.Three-panel discussions were held during the day-long conference, covering topics like Equity Financing ? Next Waves in Alternate Lending; Banks, Capital Market, Family Offices ? Debt Capital for Alternate Lenders; and Data Privacy. In addition, the conference hosted numerous keynote sessions and two workshops on Blockchain Technology, as well as UPI 2.0 and e-mandate. Speakers like Shohini Bhattacharjee (Director, Perfios) expressed her views on the digitization of the lending process, while Mukund Venkatesh (MD India, GAIN Credit) and Iain McKenzie (CEO, Account Score Ltd.) shared their insights into the fintech ecosystems in the US and UK respectively. The audience was also fortunate to witness the contributions and perspectives of thought leaders like Martin Navratil(CEO, Home Credit India), Bhavish Gupta(CEO, Clix Capital), Simmi Sareen (Founder, Loans4SME), Vivek Raghavan(Co-Founder, KapitalTech), Anand Lunia (General Partner, IndiaQuotient), Kshama Fernandes (MD & CEO, IFMR Capital), CV Madhukar (Investment Partner, Omidyar Network), Rohas Nagpal (Chief Blockchain Architect, Primechain Technologies), Chris Vincent (Project Manager, Elemential) that were shared with the audience throughout the day-long program.

Spokesperson Mr. Anurag Jain, DLAI said, ?After a highly-successful flagship event last year, we are delighted to host the second edition of the DLAI Fintech Conference. The event returned on a larger scale this time with a line-up of several stimulating programmes, discussions, and workshops. It?s an exciting time for the fintech industry, especially with regards to the technological innovations and the government's support to the sector which are aimed at creating a more financially-inclusive society. This event once again brought together several key stakeholders within the fintech domain to engage in a dialogue about the industry?s future. The financial services industry as a whole ? be it banks, NBFCs, or even new-age start-ups ? is making great strides, and DLAI hopes to be at the forefront of the fintech revolution 2.0.?

About DLAI:

Digital Lenders Association of India (DLAI) was formed in November 2016 with an aim to bring together digital lenders and other associated players under one roof, and to form an association which would help the ecosystem grow and flourish. The association, which began with nine founding members, has more than 35 members at present, with its numbers growing each day.

DLAI?s key objectives include supporting the development and growth of the digital lending industry, as well as to represent, advise, and consolidate the efforts of the industry. For this, DLAI has made several major efforts like conducting events across the year to educate members on the latest developments in fintech and organising workshops on GST. Some of the upcoming workshops by the association will focus on important trends and issues like e-contracts, reducing NPAs, open source technology, etc. DLAI has also been working with the Ministry of Electronics and Information Technology (MeitY), National Payments Corporation of India (NPCI), the Reserve Bank of India (RBI), and other regulatory bodies to help formulate progressive policies to help the overall fintech industry.