3rd Edition of DLAI Conclave to see 500 Fintech leaders discuss the future of collaboration and financial inclusion through Digital Lending-“Women in Fintech” Awards To be Part of DLAI Conclave 2019 To be held on June 14th at Taj Mahal Hotel, Mumbai
Digital Lenders’ Association of India (DLAI) is set to host the 3rd edition of its annual conclave on June 14th, at Taj Mahal Palace, Mumbai. DLAI comprising 80+ members from the digital lending sector, as on date represents almost 80% of the digital credit disbursals in India. The primary purpose of the conclave is to bring together the industry leaders and influencers to discuss and deliberate on issues that impact the growth of the digital credit sector in India. With representations from over 250 Indian and International fintech firms, it provides an opportunity to the participants to envision the potential of the digital space and position themselves to benefit from the massive opportunity. It also provides an avenue for them to grow their business network.
The theme of this year’s conclave is –
Impact of digital lending on financial inclusion and growth through collaboration between stakeholders.
3rd Edition of DLAI Conclave
Last two years, the fintech space has witnessed a sustained increase in collaborative tie-ups between banks and new-age fintech start-ups resulting in execution of new ideas on the ground. Digital lenders believe collaboration between a bank and a fintech is like a marriage. Both parties depend on each other for growth, have their differences and often have to work their way through for sustained growth. Taking a cue, one of the first fireside chats of the event projects two groups of new age lenders & banks talk about their partnerships and rationale behind their affinity to work with each other. The participants for this group includes Lizzie Chapman,CEO- Zest Money, Shivashish Chatterjee, Joint MD, DMI Finance, Nishant Jasapara, Head-Digital at Fullerton India and Anuj Kacker, COO, MoneyTap.
While Digital Lenders have made lending products accessible to all segments of society, there has been an on-going debate on sharing customer data keeping customer privacy as sacrosanct. According to industry reports, digital lending disbursements will touch $ 1 trillion in less than 5 years and majority of it is expected to come from new markets and target groups who are currently not serviced by traditional financial institutions.
The panel on- Use of Alternate Data for Digital Banking, will discuss the pros and cons of using customer data alongside customer privacy. The session participants include Manish Kumar Gupta, CPO, Transunion CIBIL, Shivangi Nadkarni, CEO, Arrka, V.R.Govindarajan, CEO, Perifios and Malavika Raghavan, Head-Future of Finance Initiative, Dvara Research.
Another interesting feature this year is the ‘Voice of the Customer’ session wherein Sahil Kini, Founder Setu will have a live chat with customers to understand their point of view.
The conclave starts with the Presidential address followed by the keynote address by Sashank Rishyasringa, Co-Founder of CapitalFloat on “How Digital Lending has metamorphosed in India.” As part of the Inaugural session, the Chief Guest of the event, Mr.V.Vaidyanathan, CEO IDFC First Bank, will talk about his views on the changing Indian financial sector and the growth of retail loans.
In addition to the panel discussions and talks, the Conclave will offer workshops on diverse topics which have been in the limelight,such as RBI Sandbox, Business Ethics, Collections and changing rules of Artificial Intelligence.
‘Women In Fintech’ award
Each year, the conclave represents the primary objective of DLAI of bringing together digital lenders – MSME & Consumer, marketplace platforms and industry members. It serves as a platform for sharing best practices, conduct research on innovative business models and work with regulators, industry experts & other government bodies to set the broad contours on policy matters beneficial to the entire digital credit industry.
About DLAI:
It today comprises of 80+ members with $5-6 billion in annual disbursements represent around 85% of the transaction volume of digital credit industry in India.
The key objectives of DLAI are:
- To promote the responsible growth of the digital lending sector by creating awareness amongst key stakeholders including customers, companies, partners & regulators
- To foster innovation in financial technology around digital lending and promote new business models like marketplace platforms, online aggregators, etc. in India
- To represent, advise and consolidate the efforts of the Digital Lending Industry
- To strive for a model code of ethics to be followed by each member
- To share best practices amongst members and spearheading collaboration opportunities with international partners
- To aim for financial inclusion at the lowest level and facilitate the reach of financial services to the last mile
DLAI is run by an Executive committee, headed by an elected Chairperson. It also has 4 sub-committees – Digital Policy, Public Relations, CTO Forums and Events.
