Anish Achuthan, co-founder of Indian neobanking unicorn Open, discusses the enterprise division powering institutional neobanks.
Opinion
Open Co-Founder: Modern Customers Do Not Need Standalone Neobank Accounts
“So personally, if you ask me, like, I'm not a big believer of this new banking as a story, because I don't really believe that today's customers need another bank account onto it.”
Opinion
Achuthan: India's Banking System Outperforms Banking in the Rest of the World
“Whatever, whatever complains or whatever we crib about the Indian banking system, I know that the Indian banking system is much better than what we have from the outside world.”
Assertion Not checkable as stated
Achuthan: Only One or Two Major Competitors Exist in Indian SME Neobanking
“And I'll also not, it's also because we probably, there are only one or two major competitors in the SME space. And a lot of this place have actually started new. So for example, they right now started building digital banking offering, and some of them has pa…”
Opinion
Achuthan: SBI's Developer APIs Are Better Than Some Private Banks
“If you go to developer.sbi.com, they actually built much better APIs than some of the private banks.”
Insight
Co-Founding Couples Must Maintain Strict Professional Workplace Boundaries
“Probably when me and Mabel, we both started our first organization, we were probably really bad managers, basically, managers, and this also learned, made us, taught us, like, you know, how to behave family members, because we should not be able to actually ev…”
Insight
Founders Should Not Start Ventures Dependent on Short-Term Investor Funding
“Never build solutions just for investors or thinking that, okay, maybe I'll get started with some idea. And after three to six months, some investor will come and actually funded this thing. So now when I start something, I'll at least plan for the first 12 mo…”