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Fintech Overview and Growth Drivers
- 1. FINTECH INDUSTRY Trends andOpportunities Ratnakar Pandey | Aug 2019 Linkedin Quora Blog
- 2. How big isFinTech? * Source- CBINSIGHTS • FinTech companies leverage technology and innovation to drive improvement in financial services. Globally there are thousands of FinTech companies and the count continues to grow throughout the world. * Source- CBINSIGHTS
- 3. What does FinTechCover? * Source- CBINSIGHTS
- 4. WHAT IS DRIVING FINTECHGROWTH? FinTech Players • First Principle Thinking • Focus on customer experience • Technology and AI driven innovation • Newer data sources • Financial inclusion • Faster execution • Collaboration and not competition Consumer • Need banking and not banks • Adoption of technology and smart phones • Growing aspirations and needs • Willingness to share data Government • Focus on digitization and cashless economy • Favorable regulatory environment • Open banking • Credit bureaus and reporting • Banking made available to more people
- 5. Data Used byFinTech Players (as applicable in geography) ❑ Demographics ❑ Financial ❑ Transactional ❑ SMS ❑ Device and Apps ❑Geographic ❑Bureau ❑Social ❑ Channel Partners and Third Party ❑ Public Records ❑ Others
- 6. Which BigTech Companieshave Entered or Entering FinTech Market? ❑Google ❑Apple ❑Facebook ❑Amazon ❑Microsoft ❑Baidu ❑Alibaba ❑Tencent ❑Truecaller ❑…. ❑…. ❑….
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- 9. Personal and StudentLoans are Main Growth Drivers
- 10. Why Do SmallBusinesses Borrow?
- 11. Existing Lending PlayersExpand to Other Areas to Maintain Growth
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- 13. HOW IT WORKS RATEAND TERMS SMART BOX