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Technology trends and changing responsibilities of CIO in Financial Services

It’s evident that technology has changed the way we communicate, transact, analyze and even take critical business decisions. School of thoughts which believed “fundamental remains the same” is also challenged time and again; let it be around storing and retrieving data in an RDBMS or business-logic to be defined as per business principles. Today, unstructured database has revolutionized the world and cognitive development is the new mantra where data rules the business-logic. A belief that an expert sailor or navigator should have a sense of direction while exploring has been replaced by sophisticated decision making systems, systems which can guide the navigator basis the enriched “experience-data”. Trend based recommendation was supposed to be an expertise of an analyst a few decades ago. Now it is merely an algorithm defined by someone sitting on the beach of San Francisco or the greens of Bengaluru which mines all the possible data available within the company, topped with the data available publicly and puts the recommendation on a platter. Here decision makers can choose the relevant one which marries their business objectives.

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Read More + Author:
Nikhil Bandi
economictimes

As Banks Step Back, B2B Markets Find an Action Role in SMB Story

Online business-to-business (B2B) marketplaces have found easy business in financial inclusion for small and medium businesses (SMBs) which struggle for capital from banks. Tie-ups with Non-Banking Financial Institutions (NBFCs) and lending platforms work both ways for the online B2B platforms -ensuring a behavioural change in SMBs to shop online for their sourcing needs by extending credit facilities, as well as arming the marketplaces with data on SMBs to create a significant creditscoring mechanism for the small merchants.

“Six months back, the revenue from sharing data on SMBs looking for loans was zero. Currently , it forms 20% of our Gross Merchandise Value,“ says R Narayan, founder of Power2SME which recently raised an undisclosed round from existing investors Accel Partners, Kalaari Capital and on-boarded Nandan Nilekani as a strategic investor. The company will clock in a GMV of ` . 350 crore for the financial year ending March 2016.

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Vistaar Official
thehindu

Vistaar raises Rs. 250 crores

The Hindu, one of India’s leading newspaper reported on the fresh capital funding infused into brand Vistaar. Pradeesh Chandran writes:

City-based MSME-focused financial services provider Vistaar Financial Services Pvt. Ltd. raised around Rs.250 crore in an internal round of funding. The Series D funding was led by existing investor WestBridge Capital along with Elevar Equity and Omidyar Network. Saama Capital and Lok Capital are the other existing investors in the company.

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Vistaar Official
newbrand

Forward Together

In early 2015, on its 5th anniversary, Vistaar undertook a mammoth task of rebranding the company. Extensive research on ground with our customers indicated that Vistaar is perceived as proactive company, creating opportunities that enable transformation. (more…)

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Vistaar Official