Construkt Crawl 2016- Fintech Edition

Many fintech innovations have to deal with two-sided markets or platforms. These are product platforms which require creating two distinct sets of users. Examples: customer/merchant in payments, passenger/driver for cabs, publisher/consumer for ad services; These products present challenges which are very different than for those who make and sell widgets. Talk covers challenges of platform products and Nearex’s approach to them.

Outline

What are two-sided markets; examples: consumer/merchant in payments, passenger/driver for cabs, player/developer for gaming consoles; the chicken-or-egg problem; challenges for online and physical product platforms; market selection and seeding; the inertia of legacies - why no new card schemes since visa/mastercard ; why bother with such platform products?; key takeaways - better understanding of platforms, challenges and advantages, strategies for dealing with unique challlenges such products throw up.

Requirements

Nothing specific

Speaker bio

Arun Tanksali is a co-founder and CTO of Nearex, a pioneer in micropayments. He was previously the CTO of Mahindra Comviva, an Indian multinational in the telecom domain and was the co-founder of Jataayu Software prior to that. He has developed and delivered products in these organizations which have been used by more than 100 million people across the globe. He is an active developer, product manager, tester and field engineer. His current interests are in making society adopt electronic cash and his broader interests are in the area of harnessing technology for the greater good of society.

Links

• http://www.nearex.com
• https://goo.gl/j77jXo
• For more on two-sided markets: https://hbr.org/2006/10/strategies-for-two-sided-markets

Slides

http://not.yet.ready