The Path to Innovation in Banking

I am Anoop Sankar

Co-founder & CTO at Chillr

I tweet @anoopsankar

2HELLO!

Multibank account-to-account money transfer

Bank & Switch Agnostic

Launched publicly in Feb 2015

3ABOUT CHILLR

OUTLINE

» Innovation in a regulated industry

» Building within limitations

4

INNOVATION IN A REGULATED INDUSTRY

5

1.

PERCEPTION OF BANKING

» Heavily regulated, red-tape

» Slow? Cumbersome?

» Fit for a startup?

6

PERCEPTION OF BANKING

» Not really!

» Early adopters of technology

» Embraced internet, managed scale

» Responsive to startups & new ideas

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BUILDING WITHIN LIMITATIONS

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2.Our Story

Solving a real problem

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A REAL PROBLEM 10

» Settling money between friends

» Compete against cash

» Experiment!

3 PATHS

» Wallet route

» Creating a custom switch

» Riding on existing infra

11

THE SOLUTION?

12IMPS

13

My Bank Switch(IMPS) Their Bank

UI UX Number Mapping

Value addsChillr

VALIDATION & CHALLENGES 14

» Pain point – Integrating with a bank

» Strain on time & resources

» Regulatory preparedness

UTILIZING THE SLACK 15

» Closed loop MVP

» Ride on SMS

» Product validation

» Clarity

FINALE 16

» The right partnerships

» The right integration

» Ship!

KEY TAKEAWAYS – WORKING WITH BANKS 17

» Being Resourceful

» Clarity

» Providing value

» Listening as partners & adapting

STRIKE THAT BALANCE

Regulations Cool Technology

QUESTIONS?

19

THAT’S ALL FOLKS!