Fintech refers to technology that seeks to improve access and delivery of financial services. It utilizes specialized software and algorithms to help companies, businesses, and consumers better manage their finances. Some key uses of fintech include mobile payments, crowdfunding, robo-advising, budgeting apps, and cryptocurrency exchanges. While fintech has expanded access to financial services and improved customer experience, it also faces challenges around security, lack of standards, and complex networks.

1. SUBMITTED BY-
Naba Kundu
Pramod Upadhyay
Mehboob Jaan
Md Sharul Alam Laskar

2. Fintech
Inventor
Emergence
Uses of Fintech
Customer Base Expansion
History
Pros and Cons
Reference

3.  Financial technology (Fintech) is used to describe new tech
that seeks to improve and automate the delivery and use of
financial services.
 Fintech is utilized to help companies, business owners and
consumers better manage their financial operations,
processes, lives by utilizing specialized software, algorithms
that are used on computers and, increasingly, smartphones.
 Fintech, the word, is a combination of “Financial Technology".

4.  In 1865, The pantelegraph,
invented by Giovanni
Caselli, starts operation
between Paris and Lyon,
France.
 It is most commonly used
to verify signatures in
banking transactions.

5. Emergence of Fintech
 In the 21st Century, Fintech was initially applied to the technology
employed at the back-end systems of established financial
institutions.
 They shifted to more consumer-oriented services.
 Then they also includes more different sectors and industries such
as education, retail banking, fundraising and non-profit, and
investment management to name a few.
 Fintech comes into light and become more popular when the
internet services get popular and millions of people get access to
internet and with the massive development of Smartphones.

6. BUSINESS MODEL OF FINTECH C0.
B2B
 Banks to obtain loans and financing.
 Businesses can easily get loans, financing and other financial
services through mobile technology.
Credibly lendkey BFS capital

7. B2C
 Business to client or B2C
 Cash apps like PayPal, Paytm, Alipay, Apple Pay etc.
 Allow clients or customers to transfer money via the internet or
mobile technology.
PAYTM DBS (Digi bank) G Pay Paypal
and more.

8. Customer Base Expansion

10. BANKING
 Banks use to enhance there service by taking there various
services online or we can say that coping up banking service
with technology.
 It Helps to boost to acquire more customer and able to
provide best customer experience. And also with the
evaluation of fintech many virtual banks (like Paytm, Digi bank
etc) come into existence.

11. Fintech has even disrupted the
insurance industry. In fact,
Insurtech (as it's been so called)
has come to include everything
from car insurance to home
insurance .
Benefit
Better Customer
Segmentation
A More Personalized
Approach
Learning more from Datasets

12. Robo Advising & Trading
A Robo advisor is a digital platform-based financial advisor
who uses data algorithms to come up with an automated
financial plan for investors with little or no human
interaction.

13. Crowd Funding
Crowd funding platforms allow
internet and app users to send or
receive money from others on the
same platform also allows
individuals or businesses to
pool funding from a variety of
sources all in the same place.

15. Mobile Payments

16.  A cryptocurrency is a medium of exchange, such as the US
dollar, but is digital and uses encryption techniques to
control the creation of monetary units and to verify the
transfer of funds.
 Cryptocurrency exchanges like Coin base and Gemini
connect users to buying or selling cryptocurrencies
like bitcoin or litecoin.
 Blockchain services like BlockVerify help reduce fraud by
keeping provenance data on the blockchain

19. Budgeting Apps
 The Fintech revolution prompted the development of financial
services apps, consumers can easily and efficiently keep track of
their income, expenses and other budgeting tools that have
revolutionized the way consumers think about their money.

20.  Government policies and regulations.
 Unmet financial needs
 Availability of the internet - Rising digital
expectations.
Companies who took fintech as an
opportunity are -
1. Paytm
2. Paypal
3. PhonePe
4. GooglePay
5. Amazon pay etc

23.  Fintech 1.0 (1886-1967) is about infrastructure
 It started with technologies such as the telegraph as well as
railroads and steamships that allowed for the first time rapid
transmission of financial information across borders.
 The 1950s brought us credit cards to ease the burden of
carrying cash.
 Fintech 2.0 (1967-2008) is about banks
 the shift from analog to digital and is led by traditional
financial institutions. It was the launch of the first handheld
calculator and the first ATM installed by Barclays bank
 Fintech 3.0 (2008-Current) is about start-ups
 Global Financial Crisis that soon morphed into a general
economic crisis become more widely understood, the general
public developed a distrust of the traditional banking system
 led to a shift in mindset and paved a way to a new industry

26. Pros
 Real-Time Data Collection
 Better Customer Service
 Helps in Decision Making
 Easier Payments
 Effective Interaction
Cons
 Lack of Security
 No Uniform Standards
 Complex Networks

27. Various Regulator For Fintech Co.
SEBI
IRDA
The Indian FinTech space has been governed by
multiple entities such as RBI, SEBI, TRAI and
IRDA. Thus, there is no single regulatory body
or a specific set of guidelines dedicated
to FinTech firms.
Regulatory guidelines on making digital
payments more secure are also in the draft
phase at RBI.

28. World's Top 10 FinTech Companies
 Ant Financial -China-based Ant Financial is a spin-off from the
Alibaba Group (BABA)
 Adyen – Netherlands, Payments
 Qudian -China-Based FinTech , Lending
 Xero -New Zealand, Online Accounting
 SoFi -San Francisco , Finance Company (Stanford Graduate
School of Business.)
 Lufax - Shanghai, Finance Company
 Avant - U.S., Lending
 ZhongAn - ZhongAn Online P&C Insurance Co., Ltd. ,Shanghai
 Klarna - Swedish, online shopping
 Oscar - InsurTech, US

29. Reference
 https://www.thestreet.com/technology/what-is-
fintech-14885154
 https://www.businessinsider.com/global-fintech-
landscape?IR=T
 https://medium.com/@jasonmartell/advantages-and-
disadvantages-of-fintech-focused-iot-85aa72a7bd68
 https://www.thestreet.com/personal-finance/robo-
advisor-14644921
 https://www.e-zigurat.com/innovation-
school/blog/evolution-of-fintech/