FinTechs are new-age disruptors challenging the traditional banking model leveraging innovative technology to meet user expectations. Their popularity is rising due to their excellence in mobile expertise, accessibility, convenience, and contextuality. Moreover, they have the edge over traditional banks primarily due to the mobile experience, as mobile devices are the most ubiquitous. As per Statista, […]
Instant Loans – Fintech Innovation that Customers Are Loving
The idea of offering ‘right here, right now’ is becoming a key differentiator in various industries today. Instant gratification has become the norm, and customers today are reluctant to wait for days to borrow money or for transactions to complete. This has paved the way for instant loans in the era of instant gratification. Customers […]
Can Fintech Innovations Bridge India’s Financial Inclusion Divide?
In the past decade, India has witnessed a quantum leap in the fintech industry. Fintech funding grew exponentially in the last few years, and after the COVID-19 pandemic, the industry became the blue-eyed boy of economies. Of the total 2,100 fintech entrees in operation, 67 per cent of them started operations in the last five years. […]
What is Embedded Finance – Innovation That Took The Fintech World by Storm?
Every company at some point needs integrated financial services as a part of its service offering. Integrated financial services is an umbrella term that comprises different aspects related to finance such as payments, insurance, investments etc. This need was widely recognised as ‘Embedded Finance’. With the widespread adoption of digital technology by consumers across industries, […]
Top 7 Valuable Business Lessons to Learn From Fintech Startups
Fintech has become an umbrella term that covers a host of companies using an amalgamation of software and technology for providing financial services. It has garnered attention in all industries including banking, insurance, wealth management, etc. Fintech solutions have changed the world in a way wherein now many businesses are trying to take valuable business […]
Fraud Detection and Prevention in the Fintech Space
The Fintech industry is leading the digital transformation among all the industries. Gone are the days when customers visited physical branches of banks or NBFCs for every operational and transaction need. Today, almost all banks and NBFCs provide online services through multi-channels like web, mobile, tab, pos machines, ATMs, smartwatches, smart voice assistants, etc. However, […]