ESAF Small Finance Bank Announces Fintech Conclave 2020!
Chennai, Sept 09, 2020: ESAF Small Finance Bank has announced its first Fintech Conclave for country’s cutting edge fintech companies who can redefine the future of digital banking with innovative technologies and to be a partner in rebuilding India. The conclave endorses entrepreneurship in the banking sector and is open for start-ups, established and growth-phase technology firms, social innovators and entrepreneurs having innovative solutions that align with ESAF’s core mission to provide responsive banking services to the underserved and unserved population of India.
Through this conclave, ESAF provides fintech firms a platform to showcase their new digital banking solutions that facilitate last mile financial inclusion. The competent finalist can eventually become a long term strategic partner of the bank as the co-creator of new financial digital products that will be the latest enhancement to happen in the banking sector.
The new normal evolved post the Covid-19 pandemic has given fillip to contactless digital banking and the banking sector is exploring more such solutions that would enhance customer experience and technology-based service delivery. It is here the Fintech Conclave 2020 inviting entrepreneurs who offer digital solutions to multipartite banking, to have a say. As the banking sector exploring new digital avenues with customer satisfaction in the spotlight, the doors are wide open for fintech entrepreneurs to devise digital products that meet the need.
Mr. K. Paul Thomas, Managing Director and CEO, ESAF Small Finance Bank said: “Digital channel is a key component of the bank’s strategy and over the years it has leveraged digital platforms for all its services. The bank is now aiming to look beyond this and wants technologically advanced solutions and its extensive application to help customers to build sustainable livelihoods. The Fintech Conclave 2020 would be a platform for such digital entrepreneurs.”
For the participation in the Fintech Conclave firms can visit https://www.esafbank.com/esaf-fintech-conclave-2020/ and submit the form. Short listed companies will receive communication from the bank.
For queries please write to: [email protected]
About ESAF Small Finance Bank
We are one of the leading small finance banks in terms of yield on advances, AUM growth rate and share of retail deposits. (Source: CRISIL Research Report). Along with our Promoters, we have a history of more than 25 years of primarily serving the unserved and underserved, with a focus on financial inclusion. Our business model focuses on the principles of responsible banking, providing customer-centric products and services through the extensive application of technology
We follow a social business strategy with a triple bottom line approach, emphasising people, the planet and prosperity. Our goal is to become one of India’s leading banks in the microfinance sector that offers equal opportunities through universal financial access and inclusion and livelihood and economic development. Our goal is to become one of India’s leading banks in the microfinance sector that offers equal opportunities through universal financial access and inclusion and livelihood and economic development. We can trace our roots back to 1992, when Kadambelil Paul Thomas, our Managing Director and Chief Executive Officer, along with others, founded ESAF Society, a society focused on the development of microenterprises, community development, and community health development. ESAF Society started its microfinance activities in 1995. In 2006, Kadambelil Paul Thomas along with others acquired our Corporate Promoter. Thereafter, ESAF Society transferred its microfinance business undertaking to our Corporate Promoter in 2008 pursuant to a business transfer agreement dated March 31, 2008. Our Corporate Promoter was awarded NBFC-MFI status in 2014. Our Corporate Promoter transferred its business undertaking, comprising its lending and financing business, to our Bank on March 10, 2017 pursuant to a Business Transfer Agreement dated February 22, 2017. We commenced our business as a small finance bank on March 10, 2017.