Page 19 - Fintech

Fintech delegation led by London Lord Mayor to arrive in India on Sunday

Fintech is a new industry that uses technology to improve activities in finance

Reform financial space with new policies backed with AI, cryptocurrency

We need an open access to all entities desiring to serve the mass middle and bottom of the pyramid without restricting operations through the banking channel

Fintech start-ups, traditional players join hands to target millennials

India's digital drive coupled with increasing smartphone penetration and data usage has created a huge market for fintech startups which are targeting young salaried professionals. Traditional financial services providers are partnering with these startups to jointly address business opportunities from these digital first customers. These partnerships are being expedited as there's a feeling among majority of incumbent players of being left behind by technologically savvy startups. "Fintech is going to get much bigger than what it is with UPI, demonetization and smartphone usage driving digital money adoption. Payment and lending space will see lot of action due to a huge unbanked population here," said Vidhya Shankar, Executive director Grant Thornton LLP. "Banks and NBFCs need to come on board as strategic investors to capitalize this trend because while the startups have revolutionary algorithms, they still need data to fine tune it." Shankar further states that consumers are ...

Fintech-bank collaboration yields smarter outcomes, says RBI's Kanungo

BS ReporterHyderabad, 1 September: Reserve Bank of India deputy governor B P Kanungo on Friday said Fintech companies need to collaborate with banks for better service outcomes for the customers."Fintechs are playing a vital role in the emerging areas of payment and settlement systems...( However,) can they exist in isolation? The answer is 'No'. Collaboration by banks and Fintechs will yield smart outcomes and smart banks will find smarter ways for better use of Fintechs to serve smarter customers who are now demanding better, easy to use services," Kanunga said in an address read out by RBI executive director Ganesh Kumar at an event here.According to him, the marriage between Fintech and banking also has its attendant challenges and these risks can be minimised by migrating to co-sourcing with specific role clarity.He also cautioned people against sharing the personal information on social networking platforms and entertain unsolicited offers, particularly related to IT-based ...

Fintech companies may see more investor interest this year: Report

Corporate interest in fintech is also expected to increase in India over the next year

3 reasons why collaboration between fintech firms and banks makes sense

There may not be much merit in pitting one against the other, reports Tech in Asia

NRI-led fintech startup starts online transaction platform in Singapore

It allows cheap transfer of funds to India; intends to expand transfers to Malaysia, Hong Kong, Australia

Fintech firms focus on cyber security

According to Assocham, fintech companies would increase their spending on this to around $100 million

Blockchain, cognitive computing and cloud to shape future of finance

Getting data to produce insight is the holy grail, say banking and technology chief executives

Foundation for tech valley: Six fintech companies to launch development centers in Vizag

AP govt is bringing the CEOs of 50 top global financial services cos, including Franklin Templeton, Visa and HSBC

Why fintech start-ups might not want to become unicorns

Striving to achieve a valuation of $1 billion or more may no longer be in a start-up's best interest, according to recent valuation trends and the venture capitalists who invest in the space

APAC attracts $9.6 bn of fintech investments

China & Hong Kong take the bulk; India comes next, but well behind

Govindraj Ethiraj: Fintech fear for our financial markets

Banking is first about trust and integrity and then about technology and the rest

Fintech revenues might double to $2.4 bn by 2020

Growing smartphone penetration, evolving e-commerce ecosystem and customer expectations to give the big push