The Path to Innovate in Banking
summary
Chillr claims multi‑bank, mobile‑number money transfers and reports processing millions of transactions per month after pilots with a dozen banks and a production partnership with HDFC. Early engineering builds use an SMS MVP to validate flows with ~200 daily testers, then a production IMPS/UPI hybrid integration that hides account/IFSC complexity via mobile-number mapping. A surprising win is merchant use by a milkman, showing real utility beyond the target 25–30 urban users.
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chapters (13)
- 0:00Introduction
- 0:10About me
- 0:55Outline of the video
- 1:15Innovation in a regulated industry
- 2:00Banks are early adopters of technology
- 3:17Building within limitations
- 3:28Building chiller in early stages
- 5:08The wallet proof
- 8:17Integrating with a Bank
- 8:51App on SMS
- 10:47Key takeaways
- 12:27Banking is not just about technology
- 13:16Questions
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