Fintech is at a fascinating stage as it has reshaped how we view finances. What’s impressive is that fintech companies’ innovation has compelled the government to change its reforms. This is a disruption in action. The finance industry is no longer restricted to financial solutions; it has rather evolved with technology-backed solutions that make financial […]
The Coming of Age of Fintech-as-a-Service (FaaS)
With Fintech, the financial sector has rapidly adapted to the changing technology landscape. Fintech has enabled financial institutions and banks to provide personalised digital services. This increasingly popular solution is known as Fintech-as-a-Service (FaaS). FaaS provides a complete stack of payments, commerce, and financial services capacities integrated into any application – web or app. This article […]
Why Fintech Customer Service Is Crucial for Fintech Startups
Fintechs ideally live and breathe fintech customer service. Instead of clunky internet banking UIs, fintech often alludes to modern and intuitive interfaces and personalised customer support and experience. For a long time, the traditional banking industry has generated lousy press regarding customer support. This is because it has primarily been manual and has been driven […]
How Can Embedded Finance Transform India’s Healthcare System?
Roughly 75%of the Indian population remains without any form of health insurance to date. On the other hand, those who have health insurance are practically in it to save taxes but are unaware of the terms and conditions of their policies. The majority of Indians still depend on their hard-earned savings or even borrowings for […]
Why Buy Now Pay Later (BNPL) is the Next Big Thing in Finance?
An increasing number of retailers are offering their customers the option of purchasing products and paying later in instalments. Regarded as the new standard of lending category, the buy now pay later or BNPL is a real competition to the incumbent credit card industry. According to estimates, the global BNPL industry is expected to grow […]
Google’s Entry in Indian Retail Banking: The Challenges & Implications
In a paper released in February 2019, the Financial Stability Board highlights the potential impact of BigTechs on lending institutions. As per the paper, India’s traditional home ground of the banks stands invaded! Amazon, Facebook, Google, and Apple, collectively referred to as Big techs, are the tech giants who already command a strong influence on […]