NBFCs approaching a new Regulatory Frontier
Mahesh Thakkar, Director General of Financial Industry Development Council (FIDC) was the chief guest at NBFC’s Tomorrow 2024. He delivered the keynote address. Edited excerpts:
Friends, earlier, RBI was active only in regulatory policy framework, but now they are very vigilant on the supervision framework also. They are putting in special efforts to find out errors, lapses, dilutions, if any in respect of any NBFCs, particularly SI NBFCs from the Reports being filed online or during Inspection. If these faults are of a general nature, RB comes out with the necessary guidelines.
Each NBFC has to be very up to date about the regulation, governance, compliance etc., and the trainings and seminars like this can help. We need to be in touch with each other, exchange information and be part of the association, be it a fintech association or FIDC or some other.
Recently, FIDC has come out with the two important documents - Vision Document and Code of Conduct – which were very well received by the NBFCs.
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Esta historia es de la edición September 2024 de Banking Frontiers.
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Swedbank leverages data to the hilt
Sweden's Swedbank takes innovation to a different level by collaborating with other competing banks:
Digitization is for customer satisfaction, says Argenta Bank
Belgium's Argenta Bank has designed its digitization efforts to enhance customer experience:
Speed, Safety, Compliance
Brijesh Samantaray, Co-founder, Propelld shares the current trends in the education loans how the company is leveraging technology:
Unique methods in fraud perpetration
When we look at some of the very serious frauds that had taken place in the financial realm, it is evident that the perpetrators are somewhat ingenious:
NBFCs: Elevating Organizational IQ
What is more important than hiring smart people is raising organizational IQ. This topic was discussed in depth in a panel discussion at NBFC's Tomorrow conclave organized by Banking Frontiers. Edited excerpts:
Trustful Transformation
Transformation is no longer only about growth & efficiency. It involves aspects like compliance, security and explainability that are impacting NBFCs. These issues are explored in this panel at NBFC's Tomorrow:
CEO Panel: Connecting Traditional Wisdom with Modern Intelligence
Banking Frontiers organized its annual NBFC Conclave titled NBFC's Tomorrow in August 2024 at Mumbai. Highlights of the first panel discussion:
NBFCs EXPERIENTIAL EVOLUTION, TRUSTWORTHY TRANSFORMATION
Banking Frontiers organized NBFC's Tomorrow, its annual NBFC Conclave, in Mumbai on August 21. The program comprised panel discussions on 5 upcoming opportunities for the NBFC sector, along with presentations, fireside chats and a keynote address. Edited excerpts from the conclave:
Smart ATMs - an indication of a resurgence
Smart ATMs can be the future way of how one may be interacting with a bank and doing transactions:
Personalization scores with HNWI & YP
Ghulam Haidar Rasooli, Chief Financial Officer at Afghanistan based Ghazanfar Bank, reveals the impact of personalization and future roadmap: