We caught up with Dheepak Rajoo (Fintech Program – Intake of 2017) to get him to share his experience at SP Jain with us. He also shared some really interesting insights on the Fintech industry. Read on to know more about Dheepak’s story.
Hi Dheepak, could you tell us a bit about yourself and
your professional background?
I’m a Senior
Vice President with…well, wait a minute. Our work or designation shouldn’t
define who we are. Instead, who we are should define what we do. So, here you
go! My name is Dheepak, and I’m a creative & compassionate person. I deeply
care about human well-being & the role of technology in our lives. I have
been in the banking & financial services space for close to two decades,
and have worked with large brands such as ING, Kotak and AXA in various leadership roles. My body of work has been
in the areas of Digital Transformation, Project Management, and business IT.
India currently has the 3rd highest number
of Fintech start-ups in the world. What do you think is the future of Fintech
India is an
exciting place for Fintech companies. As per Medici’s Fintech India recent
report, India is home to 3,000 odd Fintech start-ups. I have been closely
following, reading and writing about the Fintech ecosystem in India and ASEAN
for the past year. Fintech companies have done a core dump on incumbents in
India. They have forced them to reimagine business models by putting the
customer first and embracing innovation to solve a scalable problem, be it in
areas of payments, lending, wealth management, insuretech or regulation
technologies, where the action continues to intensify.
What are your thoughts on Blockchain technology?
In my view,
Blockchain is more hyper than the hype cycle. I’ve learnt about technology such
as Hyperledger, Ethereum and multi-chain in fair detail and find it quite
promising. In my view, the maximum value capture will take place in heavily
intermediated industries with high fraudulent rates, and where TRX output is a
deterrent. In contrast, I think AI will pick up faster and create a disruption
far beyond our imagination.
Share your experience of SP Jain’s Fintech and
Perpetual Learning program. How has it helped you in your professional life?
The 10 months I’ve spent at SPJ have been unique. I chose SP Jain’s Fintech program over an Ivy league program, which offered a similar curriculum for roughly the same price but with a longer duration. After having gone through the cohort, I can vouch for two things – you will come out with a broader perspective and first-hand knowledge of the start-up ecosystem, and that learning at SP Jain is action-oriented. You learn by practicing, not just with theory.
program gave me the confidence to start my own venture. The Perpetual Learning
sessions help me stay abreast with the latest in the Fintech industry.
What does a typical day in class look like for you?
A typical day in
the classroom consists of a mix of theory, strategy, video lessons, nuclear
learning discussions and projects, where we form groups to solve problems. It is
a lot of fun!
Which were some of your favourite sessions from the
We had many
memorable sessions. Vikram’s sessions are always fast-paced, with so much to
take away. I liked Prof Chris from the SPJ Dubai campus – his style is that of classic
provocation, which made us think hard about what businesses are really built
for. I also liked the sessions by start-up founders. There was this one time
when we played ‘Bullshit Bingo’ with an entrepreneur, where we were required to
weed out all the buzzwords and focus on real things.
Do you have any tips for people who want to become a part
of the Fintech industry?
I heard this
from an entrepreneur in the program and it has stuck with me since – “If you
want to step into the world of Fintech, focus on the basics – that’s where the
innovation really happens.”