Oct 29, 2024

TrustTalks: EP 04 - Trust and Effectiveness in Fintech

In this episode of the Trust Talks podcast, Palash Kala, building a stealth startup, shares his entrepreneurial journey from IIT Bombay to launching his fintech startup. He introduces the concept of "-1 to 0," the early exploration phase of ideas. The discussion focuses on the critical role of trust in fintech, highlighting how effective money movement and delivering on promises build consumer confidence, while over-promising erodes it.

Palash also addresses the challenges of balancing granular transaction tracking with privacy concerns and the importance of aligning privacy with brand identity, as seen in Apple's "Privacy First" approach. He discusses how users often "pay" for services like Google Maps with their data rather than money.

The conversation concludes with insights for entrepreneurs on identifying market gaps, emphasizing the importance of solving real pain points in high-demand markets, and comparing B2B and B2C models in India’s tech landscape.

A must-listen for those interested in trust-building, fintech, and data privacy.

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© 2024 Kira Studio. All rights reserved.

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© 2024 Kira Studio. All rights reserved.