Money Majlis

Suvo Sarkar

Welcome to the podcast that’s redefining conversations on banking, finance, technology and marketing. Exploring topics that are current, consequential and controversial, it is a fortnightly deep-dive with leaders, thinkers and innovators by the veteran banker Suvo Sarkar.Money Majlis is the only podcast of its kind in the region, and since its launch in April 2024, has gained a loyal base of listeners across 110+ countries. Currently in its Season 2, it is among the top 3 business podcasts in the Middle East. It was recently awarded the Best New Podcast for 2024 at the PodClub people’s choice awards in Dubai.

  1. 20h ago

    Ep 61. AI Earthquake, Quantum Tsunami: Steve Monaghan on the Future of Finance

    Send us Fan Mail What happens when a commercial pilot obsessed with time value, a technologist who helped build Dell and Compaq in Asia, and a board-level strategist for some of the world’s most respected banks and insurers roll into one career?  In this episode of Money Majlis, Tokyo-based investor, general partner and board member Steve Monaghan joins Suvo in Dubai to map out a brutally honest, deeply practical view of where banking and insurance go next in the age of AI, quantum computing and streaming finance. Steve traces his unlikely journey from flying overnight milk runs and teaching himself Lotus 1-2-3 to building pricing models at Dell, early mobile payments at Citi, retail turnarounds in Japan, and major AI and data programmes at DBS and AIA. Along the way, he explains why trust is the ultimate currency and why it is backed not by gold, but by time. Time, in his world, is the hidden balance sheet that banks, insurers and regulators still don’t measure properly. The conversation dives into Steve’s famous framing of AI as an earthquake already shaking business models, and quantum computing as the coming tsunami that could blow up legacy cryptography and risk management much sooner than many boards expect. He is candid about why most corporate AI programmes are still “AI theatre” – pilots, dashboards and press releases with negligible P&L impact – and what it would take for banks to redesign their business models around optimisation, streaming capital and genuine customer value rather than just cost-cutting. Suvo and Steve also explore what an AI-competent, quantum-aware board really looks like, why GCC banks in markets like the UAE have a rare window to leapfrog, and how streaming finance – “money at the speed of information” – could help households pay off mortgages years earlier and turn idle working capital into a national productivity engine. From Apple’s negative cash conversion cycle to paycheck-to-paycheck workers trapped in batch-era salary systems, Steve argues that our operating system for money is no longer fit for purpose. If you care about the future of banking, digital regulation in the GCC, or what an AI-competent board should look like, this conversation will challenge many assumptions you still take for granted.  Produced by : Poddster Giving partner : Goodworld Visit moneymajlis.com to join our giving movement and get your USD 50 complimentary GiveCard.

    Ep 61. AI Earthquake, Quantum Tsunami: Steve Monaghan on the Future of Finance
  2. Jul 17

    Ep 60. Embedded, Invisible, Inevitable: Gaurav Kumar of Yubi on the future of lending

    Send us Fan Mail What happens when credit becomes invisible, intelligent and truly embedded into our daily lives? In this episode of Money Majlis, Suvo Sarkar sits down in Dubai with Gaurav Kumar (GK), founder and CEO of Indian unicorn Yubi, the AI-powered operating system for debt markets. Together they unpack how a company born in Chennai during the pandemic is quietly rewiring how money moves for consumers, MSMEs and banks from India to MENA, Southeast Asia and now the US. The conversation begins at 30,000 feet, with the global revolution in consumer and personal lending. GK explains why finance is no longer about walking into a bank branch or opening a banking app, but about credit showing up instantly and non-intrusively inside the storefronts where customers actually live: e-commerce checkouts, ride-hailing apps, dealer showrooms and payroll platforms. He breaks down how advances in digital identity, India’s public digital rails and AI-led underwriting now allow pre-approved loans to move in as little as 9–12 seconds, and why that changes the ethics, risks and responsibilities of lenders forever. From there, the discussion dives into India’s consumer credit boom and the unfinished business of financial inclusion. GK unpacks how India's household debt-to-GDP ratio of just 38% signals not prudence but enormous untapped potential, and why the next decade will see credit distributed far more evenly across a market that has historically served only thick-file, collateral-rich borrowers. He explains how Yubi’s architecture, co-lending rails and AI tools help banks serve these segments at lower cost while preserving prudence through explainable, auditable models and tighter bureau data cycles. Then there is the founder's story. Why he built through the pandemic, why he deliberately rejected the marketplace model to keep his allegiance to lenders, and why he has personally staked over $39 million of his own capital in Yubi — a signal of commitment to clients, not a funding shortfall. GK shares his near-death moments of self-doubt, his IRMA-rooted belief that access to finance should be a fundamental right, and his ambitions across the Middle East, Southeast Asia and the US, where Yubi already partners with more than 30 banks in MENA. Warm, candid and rich with insight, this is a masterclass for credit geeks, fintech founders, bankers and anyone curious about how money really moves behind the scenes. GK also reveals a hidden talent that catches even Suvo off guard. Produced by : Poddster Giving partner : Goodworld Visit moneymajlis.com to join our giving movement and get your USD 50 complimentary GiveCard.

    Ep 60. Embedded, Invisible, Inevitable: Gaurav Kumar of Yubi on the future of lending
  3. Jul 3

    Ep 59. Breaking Through the Noise: Sally Susman on the Art of Being Heard

    Send us Fan Mail What if the most powerful force in business is not capital, technology or strategy, but the simple human act of one person truly reaching another?  In this episode of Money Majlis, Suvo Sarkar is joined by Sally Susman – advisor, advocate and Wall Street Journal bestselling author of “Breaking Through: Communicating to Open Minds, Move Hearts and Change the World” – for a masterclass in how leaders can use words to move people, build trust and change outcomes in a world that is increasingly sceptical of institutions. For 18 years, Sally served as Executive Vice President and Chief Corporate Affairs Officer at Pfizer, guiding three CEOs through proxy battles, leadership transitions, political firestorms and the most scrutinised vaccine launch in modern history, after senior roles at American Express, Estée Lauder and in the Clinton administration. Together, Suvo and Sally explore why communication is not a “soft skill” but a rock‑hard competency that multiplies every other leadership skill, and why so many boards still underestimate its strategic value. Sally explains what separates game‑changing CEOs from the merely competent, how she built enduring partnerships with leaders like Albert Bourla, and what it really takes for a Chief Communications Officer to have the courage for candour while always serving the institution, not the individual ego. The conversation dives into the global trust deficit, the collapse of traditional media and the rise of hyperlocal, creator‑driven influence. Drawing on the COVID‑19 vaccine rollout, Sally shares what she learned about communicating under radical uncertainty, why facts alone rarely shift behaviour, and how barbers, grandmothers and college students sometimes move public opinion more than politicians or celebrities. She is frank about the temptations of silence, “greenhushing” and performative authenticity – and why all three are dead ends for modern leaders. In the final stretch, the episode becomes more intimate and reflective. Sally talks about the personal values that have guided her – courage, curiosity, empathy and a deep belief in equality – and how coming out to her family shaped a lifetime commitment to living and leading authentically. She reflects on the importance of humour, ritual and friendship in sustaining a high‑pressure career, her love of art, ideas and public life, and why, in her “Act III,” she is focused less on titles and more on mentoring, giving back and leaving the campsite better than she found it.  This is not just a conversation about corporate communication; it is a conversation about how to live, work and speak in a way that feels true. Produced by : Poddster Giving partner: Goodworld Visit moneymajlis.com to join our giving movement and get your USD 50 complimentary GiveCard.

    Ep 59. Breaking Through the Noise: Sally Susman on the Art of Being Heard
  4. Jun 19

    Ep 58. Private Equity to Public Purpose: Inside Ashish Dhawan’s mission to build India’s future

    Send us Fan Mail What happens when one of India’s most successful private equity investors walks away at the peak of his career to spend the rest of his life building the country’s human capital?  In this episode of Money Majlis, Suvo sits down in New Delhi with Ashish Dhawan – founder of ChrysCapital, Ashoka University, Central Square Foundation and The Convergence Foundation – to unpack a remarkable journey from Wall Street returns to nation-building outcomes. Ashish reflects on India’s dramatic rise as a core allocation in global private equity, why buyouts and high-quality exits are finally deepening the market, and how global capital is rotating out of China and into India’s growth story without diluting discipline. He explains what it takes to generate real alpha in a crowded PE landscape, why the best firms are now judged as much on governance and institution-building as on IRR, and how private capital can be a quiet force for better managed, more ambitious Indian companies.  The conversation covers India’s next frontier: deep tech and human capital. Ashish lays out why India cannot become a developed country on apps alone, why the new deep-tech fund-of-funds architecture could be as catalytic as Israel’s Yozma moment, and which themes in biotech, semiconductors, AI and advanced manufacturing he finds genuinely investible over the next decade. In parallel, he argues that India’s true superpower is its people – 23 million births a year – and explains why fixing foundational literacy and numeracy, expanding quality skilling, enabling labour mobility and unlocking women’s economic participation will determine whether “Viksit Bharat” (or “Developed India”) becomes a reality or stays a rhetoric. Suvo and Ashish dive deep into the playbook behind The Convergence Foundation’s portfolio approach to nation-building, Central Square Foundation’s work on NIPUN Bharat and FLN at scale, and the bold experiment of Ashoka University as a collective-philanthropy, liberal arts-led “full university” rooted in Indian context yet globally benchmarked. Ashish is candid about the bumps on the road – from regulatory constraints in education and the debate over for-profit models to the tightrope of academic freedom and political reality – and shares the leadership lessons he would offer India’s new billionaires as they design their own philanthropy.   Along the way, we also meet the Kolkata schoolboy, the Ivy League dealmaker, the would-be travel guide and the relentless optimist who believes India can sustain China-style growth while remaining grounded in ancient wisdom and a renewed sense of purpose.  Produced by : Poddster Giving partner: Goodworld   Visit moneymajlis.com to join our giving movement and get your USD 50 complimentary GiveCard.

    Ep 58. Private Equity to Public Purpose: Inside Ashish Dhawan’s mission to build India’s future
  5. Jun 5 ·  Bonus

    Ep XTRA 13. Music, Masala and Malgudi: Inside the world of Shankar Mahadevan

    Send us Fan Mail What if one man’s voice could change the way we hear music, eat food and celebrate life?  In this special Money Majlis XTRA episode, Suvo Sarkar is joined by Padma Shri awardee Shankar Mahadevan, singer, composer, Grammy‑winning frontman of Shakti and co‑founder of the South Indian resto‑café brand Malgudi. Together they trace a remarkable journey from a Tamil Iyer childhood in Chembur and veena lessons at five, to becoming the “Shankar” of Shankar‑Ehsaan‑Loy and reshaping the sound of modern Hindi cinema with albums like Dil Chahta Hai and Kal Ho Naa Ho. Shankar opens up about the surreal moment of walking onto the Grammy stage with Shakti and why, for him, the biggest award is simply sharing a platform with maestros like John McLaughlin and Ustad Zakir Hussain. He revisits the making of Breathless, the three‑minute marvel that began as an experimental meter in a composer’s office and went on to become a generational anthem that refuses to age after twenty-seven years.  The conversation dives into craft and technology as Shankar reflects on how his early career as a software engineer now shapes his studio process, from composing inside a DAW to thinking of plug‑ins as creative partners. He explains how rigorous Carnatic and Hindustani training built the grammar that lets him move effortlessly between classical, film, fusion and folk, and why he believes folk music, born from life’s milestones, sits even “above” classical in its raw power. From there, Suvo steers the discussion into food and entrepreneurship. Shankar shares the manifestation story behind Malgudi, how a chance meeting with Chembur friend Ramakrishnan turned a foodie’s dream into a fast‑growing chain in Mumbai and Dubai, and why they obsessed over every element, from the exact texture of the idli to the signature Malgudi sambar and filter coffee. He reveals his plans to turn Malgudi into a cultural brand with live music, spiritual mornings and curated experiences that blend sound and flavour. Along the way, you will hear about his global tours, the healing power of music, his 15‑year‑old digital academy reaching students in 90‑plus countries, and his clear‑eyed view on AI as a powerful but ultimately subordinate tool in the creative process. This is an episode about excellence, humility and celebrating life, whether on stage, in the studio or over a hot dosa. Produced by : Poddster Giving partner: Goodworld   Visit moneymajlis.com to join our giving movement and get your USD 50 complimentary GiveCard.

    Ep XTRA 13. Music, Masala and Malgudi: Inside the world of Shankar Mahadevan
  6. May 22

    Ep 57. Rebuilding a Bank in the Age of AI: Inside Emirates NBD’s transformation

    Send us Fan Mail What does it really take to rebuild a bank from the inside out—without breaking it, and without losing what made it trusted in the first place?    In this episode of Money Majlis, Suvo Sarkar sits down with his former colleague and co‑architect of Emirates NBD’s transformation, Miguel Rio Tinto, Group Chief Digital and Information Officer at Emirates NBD. Together, they revisit an eight‑year journey that turned a commercially strong but technologically constrained bank into one of the region’s most advanced digital institutions, and now a live testbed for large‑scale AI in financial services.   Miguel takes us inside the AED 1 billion technology overhaul that rebuilt Emirates NBD on a cloud‑native, software‑defined foundation, from private cloud and consolidated core banking to a modern data platform and a 2,300‑strong engineering organisation working in cross‑functional tribes. He is candid about what went wrong along the way, including the tense August 2020 core migration in the middle of Covid, and the hard decisions the executive team had to make to sacrifice short‑term innovation for long‑term resilience. This is transformation without the PowerPoint gloss, told by the person who had to live with the risk every day.   The conversation delves into what Miguel calls the most striking technology wave of his career: generative and agentic AI. He explains how Emirates NBD is moving beyond pilots to industrialised AI, from sanctions screening and transaction monitoring to conversational servicing and large‑scale deployment of AI engineering tools that are already changing the economics of software development inside the bank. He is explicit about which roles may disappear, how productivity is being measured, and why he now trusts properly guided AI‑generated code more than traditional hand‑written code.   Suvo and Miguel also tackle open banking in the UAE, embedded finance and digital assets with unusual honesty. Miguel lays out why Emirates NBD wants to be both the region’s best embedded bank and its best direct‑to‑customer digital bank, how he thinks about tokenisation and stablecoins beyond the hype, and why ecosystem strategy only matters if it creates genuine network effects rather than a collection of pilots.   Finally, they zoom out to cybersecurity, regulation and the global leaderboard in banking technology. Miguel shares what keeps him up at night, what a modern threat model looks like and why he still believes well‑prepared incumbents will come out of the AI era stronger than they went in. It is a combination of ambition, humility and optimism—about UAE, about technology, and about banking’s ability to reinvent itself in the next decade—that makes this conversation both strategic and surprisingly human.   Produced by : Poddster Giving partner : Goodworld Visit moneymajlis.com to join our giving movement and get your USD 50 complimentary GiveCard.

    Ep 57. Rebuilding a Bank in the Age of AI: Inside Emirates NBD’s transformation
  7. May 8

    Ep 56. 25 Years, 500 Million Visas: Zubin Karkaria on building VFS Global

    Send us Fan Mail Visa outsourcing is one of those invisible pipes of the global economy—critical to how we travel, work and study abroad, yet rarely understood as an industry in its own right. In this special episode of Money Majlis to celebrate the 25th anniversary of VFS Global, founder and CEO Zubin Karkaria takes us inside the company he conceptualised in 2001 and built into the world’s largest visa and citizen services platform, now handling over 100,000 applications a day and more than 500 million since inception.    From a pilot with the US consulate in Mumbai to a multi-billion dollar company with dual headquarters in Zurich and Dubai, Zubin’s story is part “Made in India” scale‑up, part UAE hub success, and all about building trust in one of the most sensitive parts of government infrastructure.   Suvo and Zubin explore the structural forces powering a fast‑growing market in outsourced visa services—rising leisure travel, a boom in students studying abroad, new mobility agreements, and the surprising resilience of in‑person business travel in an age of video calls. Zubin explains why only about a third of the world’s visas are currently outsourced and why that leaves a long runway for growth, from new source markets and emerging destinations that want tourism and talent without compromising security.   The conversation dives into the Middle East, where Dubai and the wider GCC have moved from “late adopters” to pioneers of public–private partnerships, from Emirates Airlines’ early outsourcing of visa services to today’s integrated medical, attestation, court and citizen service centres. Zubin shares how VFS built some of the world’s largest visa centres in the UAE, and why the region’s ease of doing business and talent pool make it a natural control tower for a network that now spans more than 160 countries.   Technology and AI run as a powerful thread throughout the episode. Zubin outlines why AI for VFS is “an article of faith”, how they built responsible‑AI guardrails before deploying their own models, and the concrete use cases that are already transforming the experience for both applicants and consular officers. Yet he is equally clear about the non‑negotiables: VFS never takes visa decisions, data is pushed in real time to sovereign systems, and rigorous purging and privacy controls define how the company handles millions of identities every year.   Zubin reflects on culture as a competitive moat, his belief that integrity is non‑negotiable, and why he created a chief culture officer role to hard‑wire values across nationalities. In a more personal vein, he looks back at his days as a young Parsi boy serving as a Dasturji during the Muktad prayer period, and how the Zoroastrian triad of “good thoughts, good words, good deeds” still guides him to stay calm, reflective and purpose‑driven under pressure.    Production partner : Poddster Giving partner: Goodworld   All past episodes and details of the Money Majlis giving movement can be viewed on www.moneymajlis.com.

    Ep 56. 25 Years, 500 Million Visas: Zubin Karkaria on building VFS Global
  8. Apr 24

    Ep 55. Amplify, Adapt, Advance: Thriving in the AI age. A discussion with Dr Ayesha Khanna

    Send us Fan Mail What happens when one of the world’s most respected AI entrepreneurs sits down with a veteran banker to talk about the future of work, banking, and inclusion in the age of intelligent machines? In this episode of Money Majlis, Suvo is joined by Dr Ayesha Khanna, co‑founder and CEO of Addo and founder of the new education and media platform Amplify, to explore how AI is moving from hype to hard results in boardrooms, smart cities, and everyday careers.   Across a wide‑ranging conversation, Ayesha shares the pivotal moments that shaped her journey from building data‑driven trading systems on Wall Street to advising Fortune 500 CEOs and governments on AI strategy and governance, and now to creating role‑specific AI learning journeys for professionals around the world. She explains why only a small minority of organisations manage to escape “pilot purgatory,” how the best banks are turning AI into tangible gains in risk, compliance, and customer experience within 12–18 months, and what practical guardrails boards and regulators need to put in place to stay ambitious without being reckless.   The episode digs into Ayesha’s core belief that the purpose of AI is to amplify human potential, not replace it. She argues that critical thinking and domain expertise will matter more, not less, as AI diffuses through financial services, and lays out how leaders should redesign talent strategies so people can confidently challenge and supervise AI, rather than blindly follow it. She looks ahead five years to paint a vivid picture of how a typical banker, risk manager, or product manager will actually work alongside intelligent assistants in a “Hybrid Age” of human‑AI teamwork.   A powerful part of the discussion centres on women and under‑represented groups in technology. Ayesha reflects on more than a decade of work with 21st Century Girls and now Amplify’s programs for mid‑career women, sharing moving stories of girls who discovered their confidence in a coding class and women who have transitioned into AI‑enabled roles. She also offers concrete ideas for policymakers and corporations in Asia to shift from inspirational campaigns to systemic change.   Whether you are a bank CEO, fintech founder, or a 40‑something professional wondering how to future‑proof your career, this conversation will leave you with a clear message: do not wait for the future of work to happen to you; design it yourself, with AI as your partner, and make sure you bring others along.    If you believe AI should enlarge human potential rather than diminish it, this conversation will feel like a clear-eyed, warm-hearted call to action.   Visit moneymajlis.com to join our giving movement and get your USD 50 complimentary GiveCard.    Produced by : Poddster Giving partner : Goodworld

    Ep 55. Amplify, Adapt, Advance: Thriving in the AI age. A discussion with Dr Ayesha Khanna

Ratings & Reviews

5
out of 5
4 Ratings

About

Welcome to the podcast that’s redefining conversations on banking, finance, technology and marketing. Exploring topics that are current, consequential and controversial, it is a fortnightly deep-dive with leaders, thinkers and innovators by the veteran banker Suvo Sarkar.Money Majlis is the only podcast of its kind in the region, and since its launch in April 2024, has gained a loyal base of listeners across 110+ countries. Currently in its Season 2, it is among the top 3 business podcasts in the Middle East. It was recently awarded the Best New Podcast for 2024 at the PodClub people’s choice awards in Dubai.

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