We were excited to support The Product Folks in organizing one of their inaugural events in Delhi NCR, and we're eager to see this partnership grow. The Product Folks are doing a great job bringing the community together, a mission we deeply resonate with at Falcon.
Our co-founder and CEO, Priyanka Kanwar, immensely enjoyed participating in the panel alongside Sairee Chahal and Nirat Bhatnagar, sharing that it sparked one of the most engaging discussions she's had on stage.
Key takeaways from the conversation included:
• The current landscape presents an unparalleled chance to broaden participation in the financial economy, needing a holistic approach that considers the needs of banks, regulators, and consumers alike. Bank-fintech collaboration are a vital tool for financial inclusion, but need responsible execution.
• In terms of product team recruitment, Priyanka prioritises resilience and a vision for the long haul, with a proactive stance against bias to cultivate a team rich in diverse viewpoints.
• Although strides are being made towards gender equality within the ecosystem, there's substantial progress yet to be made in enhancing female involvement. It's important that this commitment is ingrained in the company's DNA from Day 1.
• Advocating for an approach that may seem unconventional, focusing on delivering exceptional value to a handful of customers initially can be more beneficial for enterprise organisations than attempting to meet the needs of many with a product of lesser quality. Do things that don’t scale at first.
• The role of asset securitisation in advancing financial inclusion cannot be overstated, particularly for consumers lacking a credit history. Tailored journeys to aid in their advancement are essential.
In Falcon’s spirit of innovation and our commitment to democratising distribution of financial services, these insights resonate with our core values of growth, inclusivity, and the continuous pursuit of excellence.
