Leading Indian and International Fintech Firms Mark Their Presence at the 5th Edition of Digital Lending Association of India (DLAI) Conclave

Mumbai (Maharashtra) [India]January 25 (ANI/BusinessWire India): The signature event of the Digital Lending Association of India – the annual DLAI Conclave was held on Tuesday, January 24 amid an august gathering of digital lenders, tech firms, banks, NBFCs, investors, startups at Taj Lands End, Mumbai. In its 5th edition, DLAI Conclave 2023 saw large-scale participation from over 600 delegates and over 400 leading Indian and international Fintech firms and other industry stakeholders. The theme of the DLAI Conclave this year was “Vision 2030: Role of Fintech in mobilizing the economy” in line with the current state of the global economy. The morning session of the conclave started with the keynote address on “A decade of digital lending and the way forward” by Sashank Rishyasringa, co-founder, axio and founder and president DLAI. Sharing his views, he said, “Our focus at DLAI will be on three key areas, convening, empowerment and self-regulation. We currently have 93 members and over 30 percent of them are part of multiple committees, helping us drive conversations. As as an association, we build computing resources and provide a platform for our members to support growth. Ultimately, we will focus on moving toward building a strong self-regulatory environment.” The keynote was followed by the first panel of the day “Role of Fintech in Powering the USD 5 trillion economy” with Smita Aggarwal, Global Investments Advisor, Flourish Ventures, Sameer Aggarwal, Founder and CEO, RevFin , Hitesh Sachdev, Head- Startup Investment and Engagement, ICICI Bank and Tanya Naik, Head- Online and Omnichannel Business, Pine Labs. The panel was moderated by Shilpa Mankar Ahluwalia, Partner at Shardul Amarchand Mangaldas & Co.

The second keynote on “Harnessing the synergy between Japanese and Indian Fintech” by Presha Paragash, CEO, Credit Saison brought out interesting data on how Japan has increasingly increased its stake in the Indian startup ecosystem, more so than in the last 10 years. The first half also saw an uninhibited fireside interview by Sanjay Nayar, Founder and Chairman, Sorin Investment, one of the most renowned and experienced investors in the Indian private investment landscape – with over 38 years of experience in the financial markets.

Sanjay Nayar, Sorin Investments spoke about the fact that India is increasingly moving towards advanced digital infrastructure with government support to drive innovation in financial services and democratize consumption. There is a huge conviction for financial inclusion and with smart regulators building differentiated regulatory facilities in line with international standards, it is possible for fintech companies to build sustainable business models. Distinct licensing models will help fintech companies to be relevant to their revenue goals. Today’s second panel “Pati, Patni and Whoa!” had a light-hearted title but focused on the real essence of partnerships between banks, fintech partners, corporate partners and many such combinations that keep the fintech sector moving. The discussion had industry panelists including Shinjini Kumar, Co-founder, SALT and Independent Director of Paytm payments, Gaurav Kumar, Founder and CEO of Yubi, Abhishant Pant, Founder of The Fintech Meetup, Harshavardhan Lunia, Co-founder, LendingKart. The session was moderated by Anuj Kacker, co-founder of Freo.

The main objective of the conclave every year has been to bring together industry leaders and influencers to debate and discuss issues affecting the growth of the digital credit sector in India. With representation from the majority of Indian and international fintech firms, it gives attendees an opportunity to envision the potential of the digital space and position themselves to take advantage of the immense opportunity. After lunch at the conclave, three white papers were launched on current issues, including data protection and lending; New opportunities in digital lending and Impact and Numbers and powerful keynote sessions by Upasana Taku, Co-founder, Mobikwik on the topic “From Technology to Trust- elevating the Fintech game” and by Jairam Sridharan, MD, Piramal Finance on how Piramal Finance unleashed its power to innovative lending by taking part in the digital age. The panel on “Growing Up responsibly: Serving the next 100 million” discussed the importance of securing financial products that are designed to include a larger segment of the population. The speakers for the session included Mayank Jain, Director – Credit and Lending, Amazon Pay; Ranjan Ghosh, President, Unity Small Finance Bank, International Banker and Business Leader; Eapen Muthoot, CEO of The Muthoot Group; Sanjay Agarwal, co-founder, Moneyview and Sayali Karanjkar, co-founder of Paysense – now an angel investor. The session was moderated by Gaurav Hinduja, Co-Founder and MD, axio. At the book reading session, veteran journalist and author Tamal Bandyopadhyay shared excerpts from his recently launched book “Riding the Roller Coaster: An insider’s look at the personalities shaping the Indian banking industry.” The panel ‘Black swans, gray rhinos and purple spots: Where in the credit cycle are we?’ discussed the many micro and macro changes affecting the financial sector worldwide and focused on what can be expected in the near future. Panelists included Vishal Chopra, co-founder and CEO of WeRize; Prithvi Chandrasekhar, President and CEO, Incred Financial Services; Ramgopal Subramani, Board Member, Perfios; Matthew Gamser, Managing Director at SME Finance Forum, IFC and Syed Zulfiqar Ali, Chief Collection Office at Paytm. The panel was moderated by Sucharita Mukherjee, Co-Founder and Managing Director, Kaleidofin Private Limited. The most important and burning topic was covered in the panel, ‘Funding Outlook for Fintech Ecosystem in FY24’, where moderator Pankaj Naik, MD, Avendus opened the floor to panelists Nithya Easwaran, MD, Multiples; Deepak Jain, Co-Founder, FlexiLoans; Saravanan Nattanmai, Principal, Premji Invest and Ishan Abrol, Lending Investments, MUFG. The closing remarks at the conclave were made by Pallavi Shrivastava, Co-Founder, Progcap. Progcap is revolutionizing last mile retailer financing in India by giving them access to flexible credit and digitizing their supply chains. DLAI Conclave 2023 was sponsored by 31 renowned companies with Credit Saison as the title sponsor; Mobikwik and Moneyview as Gold Sponsors; Perfios Software Solutions Private Limited as Associate Sponsor and Cred as Industry Sponsor.

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