A Quote by Sanjay Kumar

So far, Indian companies have focused more on customer application. This needs to shift to packaged software for sectors such as banking and financial services.

Sanjay Kumar

Quote Topics

Application Banking Companies Customer Far Financial Financial Services Focused Indian More Needs Sectors Services Shift Software

Quote Author

Sanjay Kumar
Businessman
Born: 1962

One of the big changes at the heart of Web 2.0 is the shift from the creation of software artifacts, which is what the PC revolution was about, to the creation of software services. These are services that ultimately, if they are successful, will require competencies of operation, of scale, and the like.

Tim O'Reilly

More and more major industries are being run on software and delivered as online services—from movies to agriculture to national defense. Many of the winners are Silicon Valley-style entrepreneurial technology companies that are invading and overturning established industry structures. Over the next 10 years, I expect many more industries to be disrupted by software, with new world-beating Silicon Valley companies doing the disruption in more cases than not.

Marc Andreessen

Our entire approach to the banking and financial services business is risk-adjusted returns. We believe that in most parts of the world, and including pockets in India, banking tends to mis-price risk.

Uday Kotak

The best software companies in the world are the Indian companies like the Tatas, Infosys, and others.

Joe Kaeser

There must be more rigorous enforcement of rules promoting transparency in the international banking and financial systems, especially more stringent KYC rules on customer identity, source of wealth, and even country of origin.

Yemi Osinbajo

The financial crisis of 2008 created a seismic shift in the dynamics of trust in financial services. FinTech would have happened without the global financial crisis - but it would have taken much longer.

Taavet Hinrikus

In the bubble that was dot-com 1.0 emerged Google, Amazon, and some of the most valuable companies on the planet. They were successful because they focused on their customer; they focused on revolutionary products.

Brad Garlinghouse

What the customer demands is last year's model, cheaper. To find out what the customer needs you have to understand what the customer is doing as well as he understands it. Then you build what he needs and you educate him to the fact that he needs it.

Edna St. Vincent Millay

We have a company, Geometric Software, which is into engineering services software. We have a company called Nature's Basket, which is into gourmet retailing. Both are specialized companies.

Adi Godrej

With customers' permission, fintech firms have increasingly turned to data aggregators to 'screen scrape' information from financial accounts. In such cases, data aggregators collect and store online banking logins and passwords provided by the bank's customers and use them to log directly into the customer's banking account.

Jerome Powell

I don't think that the financial services industry and that banking in particular are any different than any other part of the economy, any other industry outside banking.

Sergio Ermotti

Fortunately, in Piramal Enterprises, we are in three broad sectors. One is in the whole financial services sector, the second is in pharmaceuticals, and the third is in healthcare analytics and data.

Ajay Piramal

The security world needs to take a more proactive approach. A lot of companies will know an exploit exists and they'll release the software anyways, and the patch later on. Stuff like this needs to stop. There needs to be some kind of agency that verifies code before it's released, maybe a grading system for code.

Michael Demon Calce

The more money Automattic makes, the more we invest into Free and Open Source software that belongs to everybody and services to make that software sing.

Matt Mullenweg

Mexico is trapped by a dense network of rent-seekers and monopolies in sectors that are crucial for economic growth, including telecommunications, energy, transportation, and financial services.