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Hitesh Thakkar

Technology Evangelist (Financial Technology)
SME - Fintech startups (APAC and Africa)
Member since
05 Feb 2008
Location
India
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Followed by John Sims, Martha Boyle and 5 others you follow
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Hitesh's comments

clear
India's Paytm enlists Wipro for payments bank tech platform

Adventurous decision.

INFOSYS(Finnacle), OracleFinancialservices(i-flex), TCS, FIS, FISERV as well as mid Tier players need to check its Track Record over SI (System Integrator) ( closet can be HP(Finnacle) 7+ PSU banks implementation)

03 May 2016 10:00 Read comment

Wendy's faces class action suit over data breach

After year long TARGET data breach issue which opened so many security control aspects for retailers, established retailers need to re-align themselves before being caught in dark.

CISO, CIO offices of retailer to come out handling crisis plan to cover risks and kudos to  bankers for strong salvage actions ( Shows how established corrective action works !!!)

02 May 2016 18:19 Read comment

Finextra Community goes from strength to strength

First congratulation to entire team behind Finxtra for such creating and running such wonderful space for ehoing voice of Financial innovation.

Brilliant way to share performance metrics - its achievements and hardwork of largest FINANCIAL blogging platform and Happening Place.
FINEXTRA ( They believe in walking EXTRA mile to keep the space Interesting, Interactive, Intuitive, Innovative (Small interviews are like Video blogs).)

01 May 2016 12:28 Read comment

No firewall and $10 routers blamed in Bangladesh Bank heist

My experience with SWIFT infra setup does not accept the explanation of SWIFT statement of cheaper routers being used and needed upgrade.

SWIFT always advocated for secured setup and local technology agency ensure the same ( Atlease in India). 

22 Apr 2016 16:52 Read comment

PayPal leads $30m round in spare change investment app Acorns

Spare Change is brilliant model but, which region of globe needs Desktop version ?

21 Apr 2016 14:38 Read comment

Brixton Pound gets its own cash machine

Hope it has grown beyond those 1000+ users but sure looking at its passing value which is three to four times higher than nationa chain, currency can be moved to Cryptocurrency model as it trades whopping 8500% higher in eBay.

19 Apr 2016 13:14 Read comment

Digital KYC: A Key to Transform

After Aadhar registration accelerated, Govt has started e-KYC norms and appointed KSA (KYC Service Agency e.g NSDL, CDSL, NPCI etc.) which does authentication received from registered KUA (KYC User Agency i.e. banks, telecom operator, insurance agencies etc.)

KUA such as bigger banks such as SBI has started leveraging it for its BC model - PAYPOINT uses extensive (http://paypointindia.com/Banking.aspx)

New format of SBI branches under SBI INTOUCH has Account opening Kiosk which uses Aadhaar based e-KYC feature.

I was instrumental in design and development with one of solution provider apart from advocating it to several new enterents.

Chillr - Mobile wallet provider has also offered solution to Federal bank (https://blog.chillr.in/2016/02/18/open-a-bank-account-with-a-selfie/). 

This may be started point to see new enterent who does not have baggage of Digital e-Forms floating around in branches and DSA to process using Document management to use it.

18 Apr 2016 14:45 Read comment

Using “mosaics” of individual data

Awesome explanation of Machine learning for new payments methods.

13 Apr 2016 14:58 Read comment

Atom opens with a promise to change UK banking landscape

ATOM is on it's way to create 'SIRI' for banking service it seems !!! So far growth story looks prospective.

06 Apr 2016 13:34 Read comment

Dog's breakfast: Chase blocks online payment over pet's 'terrorist' name

Great it proves OFAC checks before txn authorisation works ( considering Dash as test data sent for generating alert :))

01 Apr 2016 09:15 Read comment

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Hitesh's opinion archive

  • 2014 (1)

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  • Innovation in Financial Services

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Hitesh reads

  • BoBs Guide
  • Lets Talk Payments
  • ATM Market Place
  • Kiosk MArketplace

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