InnoVen Capital India ’s Post

As many of you might know, slice has now merged with North East Small Finance Bank (NESFB). As we complete two weeks as a merged entity, I wanted to share my perspective as an engineer at slice. The journey leading up to this merger has been an incredible learning experience. Being part of the team working on merger preparations gave me unique insights into how complex systems integrate while maintaining regulatory compliance. Each challenge we tackled added to our collective knowledge and prepared us for this transformative step. The transition from being a fintech to becoming a full-fledged banking institution has been fascinating, especially from an engineering perspective. Having worked with slice's robust systems that were built to align with RBI guidelines, I can say that our strong foundation in regulatory compliance has made these first two weeks smoother than one might expect, me included. That said, the merger brings its own unique set of engineering challenges and opportunities. We're not just maintaining systems anymore – we're building the future of digital banking. The intersection of slice's tech-first approach with NESFB's banking expertise creates an exciting playground for innovation while working within the established banking framework. What excites me most is being part of creating a new era in digital banking. These past two weeks have already shown me that we're not just adapting existing systems; we're building something new that combines the best of both worlds – the agility and innovation of a fintech with the trust and stability of a bank. Looking forward to continuing this journey as we push the boundaries of what's possible in digital banking while maintaining the highest standards of security and compliance. #DigitalBanking #FinTech #Engineering #Banking #TechTransformation #slice #NESFB

And so it begins.

"Incredible to see Slice breaking new ground with its merger into North East Small Finance Bank! A big leap for fintech in India's tightly regulated banking space, paving the way for greater financial inclusion. Inspiring milestone for all of us pushing for innovation in finance! #Fintech #Banking #Innovation"

One year, one Entity, one purpose – To build the most loved bank in India

It is hard to believe that more than five years have passed since Hong Kong first approved virtual banks. The disruption that had been forecast has not come to pass and we wonder how much longer some of the online lenders will endure. Those backed by large public companies – which have to explain to investors why they are supporting unprofitable endeavors – could be the first to throw in the towel. That said, Hong Kong-based WeLab Bank, which is backed by billionaire Li Ka-shing, has seemingly defied the odds thus far with its performance. It says it is on a clear path to profitability and is expanding strategically in Southeast Asia. #hongkong #welabbank #digitalbanking https://hubs.li/Q02DP-wK0

Finteching in india: Regulations forcing large fintechs to have licenses. It appears Regulators want every fintech which has achieved critical mass to have NBFC or some license entity or have strategic stake in licensed entity. Jupiter is in talks to buy a take in SBM Bank (India). The choice of bank may not be very appropriate. slice took the same route earlier. #fintechs #banks #NBFCs

I believe The Reserve Bank of India's order for fintech companies to limit their growth to 15-20% is both helpful and challenging. It ensures that companies have strong systems in place but makes it harder for investors who want fast growth. Anisha Patnaik from LexStart Partners says it's unclear how this balance will work out. Investments in fintech dropped from $1,572 million to $203 million in early 2024, showing that investors are more cautious. Additionally, Sandeep Patil from QED Investors points out that steady, quality growth is better than fast expansion. The RBI's strict approach, seen in its actions against Paytm Payments Bank, suggests that the regulatory environment will remain tough. https://lnkd.in/gFx87BEh #FintechRegulation #RBINorms #GrowthChallenges #SustainableGrowth #FinancialInclusion #InvestorCautiousness #VentureCapital #MarketUncertainty #FinancialStability

Knight FinTech has a 60% market share in the co-lending space and a significant pie of the treasury space. Kushal Rastogi talks about the market opportunity in India. Watch the full episode here: https://lnkd.in/g_jhxP_Y

🚀 The Rise of Fixed Deposit Aggregators: Simplifying Investment Choices for Consumers🚀 Our Co-founder & MD Ravi Jain, CFA has shared his insights in the latest article on ET Edge Insights, discussing how fixed deposit (FD) aggregators are transforming the investment landscape in India. With FDs being a popular choice for risk-averse investors, navigating multiple banks and financial institutions to find the best rates can be challenging. FD aggregators have revolutionized this space by partnering with banks and NBFCs, providing a plug-and-play solution that makes the process easy and fully digital. Key Benefits: ✅ Comprehensive Access to Multiple FD Options ✅ Fast and Efficient Deployment ✅ Regulatory Compliance and Security ✅ Customizable Solutions for Consumer Platforms Blostem being the leading FD aggregator currently in the market offers all these benefits mentioned above. Book a demo to see how we can enhance your platform. Click this link to book a demo - https://bit.ly/3wh4BqX This democratization of FDs is making it easier for consumers to maximize their returns with minimal effort. Learn more about this exciting trend and its future outlook in our full article. Read the Full Article Here - https://bit.ly/3WY3eYL Sandeep Garg Uday Sharma Pankaj Pratap Singh ATAL JI Shubhanshu Singh Himanshu Singh Libin Mathew Rajat Upadhyay Vaibhav Tambe Lavin Kotian Pulak Jain Sachin G. Satyajit Kanekar Uday Arya Akshat Gupta Srishti Agarwal Rishav Agarwal Prasanna Lohar Ashish Taneja Rahul Pratap Yadav  TransBnk - Transaction Banking Platform Picxele™ Talent Village Auro Fintech #Fintech #FixedDeposits #Investment #Banking #DigitalTransformation #Blostem

Its not just the destination, it’s the journey. 2+ years of a truly transformative and a rare journey from a fintech slice to a bank. Next destination? Building India’s most loved bank.