Imayan Digital
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Non-Banking Financial Companies (NBFCs) are vital to the economy, providing a variety of financial services.
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In the competitive financial landscape, NBFCs need something more than the cost reduction projects that are done on silos. A more long term and a complete overhaul of the cost structure.
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Analyze the value chain of the organization to arrive at the scope of digital transformation across the key value creating activities and the support activities. Map them against the fintech solutions available. Evaluate the level of customization required on top of the solutions available in the market.
With 8+ years of experience, I've led fintech transformations that added significant value to the organizations' bottom-line.
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Involves a more fundamental shift. Aims for significant, long-term savings. Like switching to a more fuel-efficient car to save money on gas in the long run than just squeezing more mileage out of a single tank of gas.
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Fintech solutions involving AI, computer vision, robotics and automation are drastically reducing errors, optimizing human efforts, enhancing compliance and increasing efficiency for NBFC lenders.
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Strategic cost takeout can have a significant impact on the bottom-line, enhancing profitability and value for NBFC lenders.
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Embracing fintech is key for NBFCs to position themselves well in the competitive arena and achieve strategic cost takeout, enhancing profitability and competitiveness.
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