What is Fintech? | Data Privacy & Fraud | Entrepreneurs Rohith & Tarun x Karishma Mehta | EP 122

Описание: “For years, companies have been collecting data… Now, the time has come to make them accountable! With the Digital Personal Protection Act coming up, under which every company that collects customer data will now have to appoint ‘consent managers’. These consent managers can take legal action on behalf of consumers if their data is being used without consent. How incredible is that?”

With their backgrounds in data science & fintech, respectively, Tarun Nazare and Rohith Reji, young boys with big dreams in The Silicon Valley of India, felt there was a gap in the BFSI sector, and ended up filling that in 2019 with their venture, Neokred! With their collective experiences in building apps and business, they came together to found Neokred, it was a win-win!

Join us in this episode as we understand all things fintech with them—from navigating through the foundational aspects of fintech to how it is reshaping the BFSI (Banking, Financial Services, and Insurance) sector, and from the complex landscape of data protection and privacy to challenges they faced as entrepreneurs.

This episode is an inspiring blueprint for anyone looking to make an impact in the entrepreneurial world—don’t miss it!

We also spoke about:
. How to safeguard yourself from money laundering
. What are consent managers?
. RBI’s role in furthering fintech
. What does the future of fintech look like?
. How can we protect our data?

#fintech #humansofbombay #podcast

TIME STAMPS:
00:00 - Precap
00:51 - Introducing Tarun Nazare & Rohith Reji
01:19 - Welcome
01:58 - What is Fintech?
04:00 - Challenges in the BFSI sector
05:31 - What should customers keep in mind?
06:26 - Money laundering and scams
07:15 - How to safeguard oneself from money laundering and scams?
10:40 - Tips to mitigate scam risks
12:31 - Consent managers
14:15 - Future of fintech
14:27 - Reserve Bank Innovation Hub by RBI
15:52 - Newer guidelines moderating fintech industry
17:50 - Crypto
18:41 - What does Neokred do?
19:44 - How did the founders come together?
22:08 - Use cases of Neokred products
27:03 - Data protection & privacy
33:57 - Challenges they faced as entrepreneurs
35:23 - Why run a bootstrapped business?
36:29 - Future of Neokred
37:25 - What is the Income Protection Plan?
38:33 - What does Tarun look forward to?
38:52 - What do they look forward to seeing in fintech?
40:51 - Advice to aspiring entrepreneurs
42:02 - Last thoughts on data protection
42:49 - Thank you

The Humans of Bombay Show, hosted by our CEO and Founder Karishma Mehta, is a Humans of Bombay original where we celebrate real-life heroes. From the single mother who had a baby out of wedlock to a female officer who served the army for 11 years, we want to bring out the extraordinary stories of seemingly ordinary people.
India is a melting pot of stories, and with the Humans of Bombay Show, we want to bring these beautiful stories to you and give you a peek into the unique minds of people who have excelled in their fields.

𝐂𝐚𝐭𝐜𝐡 𝐭𝐡𝐞 𝐞𝐧𝐭𝐢𝐫𝐞 𝐬𝐞𝐫𝐢𝐞𝐬 𝐨𝐧 𝐨𝐮𝐫 𝐘𝐨𝐮𝐓𝐮𝐛𝐞 𝐂𝐡𝐚𝐧𝐧𝐞𝐥 – 𝐞𝐩𝐢𝐬𝐨𝐝𝐞𝐬 𝐨𝐮𝐭 𝐞𝐯𝐞𝐫𝐲 𝐖𝐞𝐝𝐧𝐞𝐬𝐝𝐚𝐲!

Links:
Humans of Bombay
Instagram:   / officialhumansofbombay  
Uncovered by Humans of Bombay:    / @humansofbombayuncovered  
LinkedIn:   / mycompany  

Rohith Reji
Instagram:   / rohith.reji  
LinkedIn:   / rohithreji  

Tarun Nazare:
Instagram:   / tarunazare  
LinkedIn:   / tarunnazare  
X:   / tarunazare  

Neokred:
Instagram:   / neokredtech  
LinkedIn:   / neokred  
X:   / neokredtech  

Karishma Mehta
Instagram:   / karimehta05  
LinkedIn:   / karishma-mehta-b22151174  

About Humans of Bombay –
Humans of Bombay is a movement that started 10 years ago. We believe that every person has a story to tell and we want to help them tell these stories. In these years we’ve published stories across genres – stories of love, hope, faith, and courage. And through our storytelling, we’ve built an engaged community of over 5M!

Our idea is simple – to strike a chord with our community and catalog the beat of humanity, one story at a time.