The slides give a breif introduction of the Fintech, its meaning, its advantages and the current situation

1. FinTech's in
India
Milounee Purohit

2. Fintech is the application of technology in both
supply chain and front-end dealings of all the
finance and financial services to make it more
accessible, approachable, and consumer friendly.
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What it means
Fintechs in India

3. History
1866-1967
Global financial system
formed, Transaltantic cable,
credit cards
1967-2008
Structured banking systems,
ATMs, NASDAQ, online
banking started
2008 onwards
Distrust in traditional
banking, Cryptocurrencies,
Online financial services.
Current scenario
Robo advisory, Blockchains,
BigData in finance, Ban in a
box model, FinTech reliance.
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Fintech isn’t a recent phenomenon, It has evolved over the years to become what we see it as now.

4. Applications
01. Online payments,
money transfers and
E-commerce and
digital banking.
03. Personal finance
management(Financ
ial wellness),
planning, analytics.
04. Insurance 05. Lending
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02. Assets and
Investment
Management
Fintechs in India
Fintechs are approaching the markets with various finance and finance based services

5. The positives
▪ Low cost structure
▪ Automated services
▪ Costumer experience (round the clock , AI
supported, seamless transactions)
▪ Transparency
▪ Real time services
▪ Intuitive budgeting, investing and money
tracking tools.
▪ Fast problem resolving through chatbots
▪ Deep insights
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6. The challenges
• Lack of Indulgence – consumers are not
able to trust these tech practices and follow
conservative practices only.
• Adoption –It is complicated for an economy
like that of India’s which is dominated by
MSMEs. Going digital for payments can be
complicated.
• Uncertainty in Regulation – There is a
requirement of full-fledged regulatory
frameworks which can contain the risks
• Discovery and Distribution of Content –
Creating a reputation among all the herd,
to stand out, is a big challenge.
• Data Security and Privacy Risk - there Big
Data involved, and everything is done
virtually, there’s a lot of risk of data theft,
frauds and other security issues.
• Lack of awareness– More than 70%
population of India live in the villages and
use of these digital payment platforms are
done by most of the urban people.
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7. Adoption rate of Fintechs in India
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18% 17%
8% 8%
6%
50%
20%
10%
24%
10%
75%
34%
29%
48%
27%
Money transfers and
payments
Savings and investment Budget and financial planning Insurance borrowing
ADOPTION
RATES
2016 2017 2019

8. Source: Dun and Bradstreet, power of Fintech
REDUCTION OF TIME IN SERVICES BECAUSE OF FINTECH

9. October 30, 2020
Fintechs in India
9

10. “
“We’re witnessing the creative destruction
of financial services, rearranging itself
around the consumer. Who does this in
the most relevant, exciting way using
data and digital, wins!”
– Arvind Sankaran

11. Summary
The FinTech industry in India has grown up and grown out. At 87%, the country has
emerged as the leader in FinTech adoption, as per findings from the Global FinTech
Adoption Index 2019 by EY.
Awareness of financial technology has also increased, with 99.5% consumers now
familiar with the fact that FinTech platforms are available to make payments and
transfer money.
There is a positive shift and presents huge growth potential for the industry.
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12. Thank you
Milounee Purohit
milouneep2230gmail.com