This document provides an overview of fintech. It discusses how fintech aims to improve efficiency and reduce costs in financial services by using technology. Fintech includes activities like digital payments, robo-advisors, crowdfunding, and digital lending. The document also outlines opportunities for fintech in India, including a large unbanked population, supportive government policies, and a growing base of smartphone and internet users. Institutional support from universities and business organizations is also helping develop India's fintech ecosystem.
CB Insights Global Fintech Report Q3 2019Jeff Martinez
Q3’19 fintech funding topped $8.9B, a quarterly record when adjusting for Ant Financial’s $14B investment in Q2’ As of Q3, fintech has raised $24.6B in 2019, already surpassing 2017’s annual total. Funding grew on the back of 19 $100M+ rounds worth approximately $4B in Q3’19.
Deals rebounded slightly in Q3’19 but are likely to fall short of 2018’s record as a result of a continued pullback in early stage investing: Fintech deals in Q3’19 grew 6% from Q2'19, but they have dropped in every quarter in 2019 when compared to the same time frame last year. Early stage (seed/angel and Series A) deals fell to an 11 quarter low and funding hit a 7 quarter low.
The US saw deals dip to an 11 quarter low while Asia saw deals spike and nearly surpass the US in Q3’19: The US saw deals dip as a result of a pull back in early stage deals, which also contributed to the overall drop in 2019 global deals through Q3’19. Asia saw deals rebound as China reclaimed the
lead from India as Asia’s top deal hub.
Southeast Asia fintech topped new annual highs: Southeast Asia set a new annual record with $701M raised across 87 deals through Q3’19 . The top 2 deals since 2015 occurred in 2019: a $100M Series B to Singapore based Deserka and a $100M Series C to Vietnam based MoMo.
India and China continued to battle over the title of Asia’s top fintech hub in Q3’19: China saw deals surge to 55 in the quarter, reclaiming the lead from India with 33 deals. India saw $674M in funding, narrowly pulling ahead of China’s $661M.
Challenger banks have raised over $3B in 2019 YTD and Q3’19 saw $1.3B invested a quarterly funding high: Q3’19 saw challenger banks funding bolstered by rounds to unicorns, including NuBank’s $400M Series F, which was the largest reported equity investment to a challenger bank and made
NuBank the highest valued challenger at $10B. Startup focused challenger banks saw competition heat up with deals to Ramp Financial, Mercury, and Stripe, which launched card issuing.
There are 58 VC backed fintech unicorns worth a combined $213.5B: Q3’19 saw 6 new fintech unicorn births (Hippo, Judo, Deposit Solutions, QuintoAndar, Dave , and C2FO), and 3 more have occurred in Q4’19 as of 11/11/19 (Next Insurance, Ebanx , and Riskified ). Other highly valued unicorns continued to raise late stage capital, including NuBank, Gusto, and Stripe, among others, but none signaled an IPO was imminent.
Summary of findings
2018 VC-backed fintech deals and funding set an annual record: In 2018, - VC-backed fintech companies raised $39.57B across 1,707 deals globally. Deals were up 15% year-over-year while funding surged 120% on the back of 52 mega-rounds ($100M+) worth $24.88B combined.
Fintech is happening on global scale with deals outside of core markets (US, UK, and China) accounting for 39% of deals: Fintech deal hubs are starting to emerge globally. The count of unique fintech startups raising funding topped an annual high of 1,463 companies, and the unique number of investors reached 2,745 boosted by an influx of corporate investors.
Early-stage deals, as a percentage, fell to a 5-year low as investors concentrated bets in perceived winners: Global seed and Series A fintech deals grew 5% on an annual basis in 2018, but fell as a percentage of total deals to 57%. US early-stage deals were flat YOY as investors concentrated their bets in established fintech unicorns.
There are 39 VC-backed fintech unicorns worth a combined $147.37B: Q4'18 saw five new unicorns births (Plaid, Brex, Monzo, DevotedHealth, and Toss) and two in the first month of Q1’19 (N26 and Confluent). The cohort’s total valuation in 2018 was boosted by a record year for megarounds to existing unicorns, including Gusto and Robinhood, among others.
Innovate Finance’s 2017 VC FinTech investment landscape provides investors, startups and the wider FinTech ecosystem the data to understand trends and capital flows as the FinTech market evolves. Overall figures suggest that the UK has had its best year on record and was a global leader in terms of capital invested and deal volume, second only to the US.
MEDICI’s new ‘Africa FinTech Report 2020’ is a deep-dive into the sector; it analyzes segments, funding patterns, M&As, partnerships, and countries, and offers perspectives that have been drawn out of regulatory, economic, and market dynamics.
CB Insights Global Fintech Report Q3 2019Jeff Martinez
Q3’19 fintech funding topped $8.9B, a quarterly record when adjusting for Ant Financial’s $14B investment in Q2’ As of Q3, fintech has raised $24.6B in 2019, already surpassing 2017’s annual total. Funding grew on the back of 19 $100M+ rounds worth approximately $4B in Q3’19.
Deals rebounded slightly in Q3’19 but are likely to fall short of 2018’s record as a result of a continued pullback in early stage investing: Fintech deals in Q3’19 grew 6% from Q2'19, but they have dropped in every quarter in 2019 when compared to the same time frame last year. Early stage (seed/angel and Series A) deals fell to an 11 quarter low and funding hit a 7 quarter low.
The US saw deals dip to an 11 quarter low while Asia saw deals spike and nearly surpass the US in Q3’19: The US saw deals dip as a result of a pull back in early stage deals, which also contributed to the overall drop in 2019 global deals through Q3’19. Asia saw deals rebound as China reclaimed the
lead from India as Asia’s top deal hub.
Southeast Asia fintech topped new annual highs: Southeast Asia set a new annual record with $701M raised across 87 deals through Q3’19 . The top 2 deals since 2015 occurred in 2019: a $100M Series B to Singapore based Deserka and a $100M Series C to Vietnam based MoMo.
India and China continued to battle over the title of Asia’s top fintech hub in Q3’19: China saw deals surge to 55 in the quarter, reclaiming the lead from India with 33 deals. India saw $674M in funding, narrowly pulling ahead of China’s $661M.
Challenger banks have raised over $3B in 2019 YTD and Q3’19 saw $1.3B invested a quarterly funding high: Q3’19 saw challenger banks funding bolstered by rounds to unicorns, including NuBank’s $400M Series F, which was the largest reported equity investment to a challenger bank and made
NuBank the highest valued challenger at $10B. Startup focused challenger banks saw competition heat up with deals to Ramp Financial, Mercury, and Stripe, which launched card issuing.
There are 58 VC backed fintech unicorns worth a combined $213.5B: Q3’19 saw 6 new fintech unicorn births (Hippo, Judo, Deposit Solutions, QuintoAndar, Dave , and C2FO), and 3 more have occurred in Q4’19 as of 11/11/19 (Next Insurance, Ebanx , and Riskified ). Other highly valued unicorns continued to raise late stage capital, including NuBank, Gusto, and Stripe, among others, but none signaled an IPO was imminent.
Summary of findings
2018 VC-backed fintech deals and funding set an annual record: In 2018, - VC-backed fintech companies raised $39.57B across 1,707 deals globally. Deals were up 15% year-over-year while funding surged 120% on the back of 52 mega-rounds ($100M+) worth $24.88B combined.
Fintech is happening on global scale with deals outside of core markets (US, UK, and China) accounting for 39% of deals: Fintech deal hubs are starting to emerge globally. The count of unique fintech startups raising funding topped an annual high of 1,463 companies, and the unique number of investors reached 2,745 boosted by an influx of corporate investors.
Early-stage deals, as a percentage, fell to a 5-year low as investors concentrated bets in perceived winners: Global seed and Series A fintech deals grew 5% on an annual basis in 2018, but fell as a percentage of total deals to 57%. US early-stage deals were flat YOY as investors concentrated their bets in established fintech unicorns.
There are 39 VC-backed fintech unicorns worth a combined $147.37B: Q4'18 saw five new unicorns births (Plaid, Brex, Monzo, DevotedHealth, and Toss) and two in the first month of Q1’19 (N26 and Confluent). The cohort’s total valuation in 2018 was boosted by a record year for megarounds to existing unicorns, including Gusto and Robinhood, among others.
Innovate Finance’s 2017 VC FinTech investment landscape provides investors, startups and the wider FinTech ecosystem the data to understand trends and capital flows as the FinTech market evolves. Overall figures suggest that the UK has had its best year on record and was a global leader in terms of capital invested and deal volume, second only to the US.
MEDICI’s new ‘Africa FinTech Report 2020’ is a deep-dive into the sector; it analyzes segments, funding patterns, M&As, partnerships, and countries, and offers perspectives that have been drawn out of regulatory, economic, and market dynamics.
Finch Capital issued its annual State of European fintech report for 2020. The report covers a range of topics impacting the fintech industry: where we are today; the impact of CV-19; the M&A conundrum; and trends the Finch Capital team anticipates will shape FinTech in 2021. This follows an analytical report published in April of this year titled ‘FinTech: The Future Post CV-19’.
We are pleased to share our thoughts for Fintech in 2018 trying to cover AI to Insurance to ICOs. We hope you find them useful and feel free to share you're thoughts with us as well.
A look inside the top 4 trends driving the FinTech industry today. How technology is impacting financial services and how they can benefit from advanced data analysis. Presented by Peter Huang, Director of Data at Beyondsoft.
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Join us to learn about:
How top investors and entrepreneurs think about the entire fintech ecosystem, from online asset management, to financial content, to consumer finance apps, and crowdfunding.
Which business models are taking hold and their future prospects.
The challenges and opportunities for investing and building a valuable company in the financial space.
Lexology Getting the Deal Through Fintech Ireland 2020Matheson Law Firm
Why is Ireland uniquely placed to flourish as a Fintech hub, what are the triggers for regulated activities requiring authorisation, how does the regulatory landscape operate for Fintech firms and what trends are emerging in the Irish market? Answers to these questions are covered in the Ireland chapter of Lexology, Getting the Deal Through: Fintech 2020 by Financial Institutions Group partner, Liam Flynn and Financial Institutions Group senior associate, Lorna Daly.
(Almost) everything you need to know to start in FintechSophie Guibaud
This workshop will provide readers with a global overview of the Fintech world, market dynamics and how London has managed to become a leading Fintech hub. They will learn about the various business models that fall under the Fintech umbrella (Payments, Money transfer, Crowdfunding, Lending, Data & Analytics) and also discuss new banking models that are trying to inspire and shape the bank of the future.
Finch Capital in partnership with Dealroom released a
detailed data analytical report titled ‘The State of European FinTech, 2019 edition’, and reveals the drivers behind the strong value creation, the investors and the buyers of the fintech over the last five years.
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In the rapidly evolving world of finance, the traditional banking landscape has undergone a significant transformation with the advent of financial technology, or fintech. Fintech has revolutionized the way individuals and businesses manage their finances, shifting the focus from traditional brick-and-mortar banking institutions to digital solutions. At the heart of this revolution lies the fintech app development , which have become indispensable tools for financial transactions, investments, budgeting, and much more. This article explores the journey from traditional banking to digital solutions and the pivotal role played by fintech app development in reshaping the financial industry.
FinTech will revolutionize investment banking in many ways. It uses innovation to dramatically increase efficiency and leverage advanced technologies like The Cloud and AI. As a result, investment institutions must adapt to technological advances to remain competitive.
Finch Capital issued its annual State of European fintech report for 2020. The report covers a range of topics impacting the fintech industry: where we are today; the impact of CV-19; the M&A conundrum; and trends the Finch Capital team anticipates will shape FinTech in 2021. This follows an analytical report published in April of this year titled ‘FinTech: The Future Post CV-19’.
We are pleased to share our thoughts for Fintech in 2018 trying to cover AI to Insurance to ICOs. We hope you find them useful and feel free to share you're thoughts with us as well.
A look inside the top 4 trends driving the FinTech industry today. How technology is impacting financial services and how they can benefit from advanced data analysis. Presented by Peter Huang, Director of Data at Beyondsoft.
Investing in fintech: Trends in financial technology for investors and entrep...OurCrowd
Join Zack Miller, Head of the Investor Community at OurCrowd, and Mick Weinstein, VP of Marketing at BIllGuard for an in depth discussion of the recent trends and opportunities in the dynamic financial technology industry. Zack and Mick have both helped build some of the top companies in the space including Seeking Alpha, Covestor, OurCrowd, BillGuard, Lending Club, SigFig and more.
Join us to learn about:
How top investors and entrepreneurs think about the entire fintech ecosystem, from online asset management, to financial content, to consumer finance apps, and crowdfunding.
Which business models are taking hold and their future prospects.
The challenges and opportunities for investing and building a valuable company in the financial space.
Lexology Getting the Deal Through Fintech Ireland 2020Matheson Law Firm
Why is Ireland uniquely placed to flourish as a Fintech hub, what are the triggers for regulated activities requiring authorisation, how does the regulatory landscape operate for Fintech firms and what trends are emerging in the Irish market? Answers to these questions are covered in the Ireland chapter of Lexology, Getting the Deal Through: Fintech 2020 by Financial Institutions Group partner, Liam Flynn and Financial Institutions Group senior associate, Lorna Daly.
(Almost) everything you need to know to start in FintechSophie Guibaud
This workshop will provide readers with a global overview of the Fintech world, market dynamics and how London has managed to become a leading Fintech hub. They will learn about the various business models that fall under the Fintech umbrella (Payments, Money transfer, Crowdfunding, Lending, Data & Analytics) and also discuss new banking models that are trying to inspire and shape the bank of the future.
Finch Capital in partnership with Dealroom released a
detailed data analytical report titled ‘The State of European FinTech, 2019 edition’, and reveals the drivers behind the strong value creation, the investors and the buyers of the fintech over the last five years.
From Traditional Banking to Digital Solutions The Rise of Fintech App Develop...Techugo
In the rapidly evolving world of finance, the traditional banking landscape has undergone a significant transformation with the advent of financial technology, or fintech. Fintech has revolutionized the way individuals and businesses manage their finances, shifting the focus from traditional brick-and-mortar banking institutions to digital solutions. At the heart of this revolution lies the fintech app development , which have become indispensable tools for financial transactions, investments, budgeting, and much more. This article explores the journey from traditional banking to digital solutions and the pivotal role played by fintech app development in reshaping the financial industry.
FinTech will revolutionize investment banking in many ways. It uses innovation to dramatically increase efficiency and leverage advanced technologies like The Cloud and AI. As a result, investment institutions must adapt to technological advances to remain competitive.
The FinTech sector has grown rapidly in last few years and is on track of ever evolving track. Prior to 2008 financial crisis, the traditional banking sector was the only playground available for financial needs. The financial crisis collapsed the traditional banking & financial mechanism and paved the way for more secure and updated financial transaction which led to emergence of FinTech, which has altered the economic viability of traditional banking sector participants to originate loans, translating into contraction of the credit supply for individuals and SMEs.
Today, financial markets & services are flooded with technology driven innovation, whereby new non-depository institutions- referred to as peer-to-peer financing, loan based crowdfunding platform, marketplace lenders (MPL) - providing loans of various types and duration to end users through online and mobile channels. Some of these companies lend from their own corpus/balancesheet, while some serve as brokers between investors and borrowers, commonly referred to as “Platform Lenders”.
Payments has been the frontrunner in the large scale consumer adoption of Fintech in India, aided by the spread of smartphones and mobile internet at affordable price points. Most FinTech players started out by identifying a niche/use case for building a customer base ( e.g. Paytm for online payments, Ola Money for cab payments, Airtel Money for phone bills etc.) and then expanding onto other services.
Indian regulatory authorities including RBI, SEBI & IRDA have adopted an accommodative stance towards an emerging Fintech sector without bringing in prohibitive guidelines to over regulate the sector. Despite catching up with the rapidly evolving eco system, Indian regulators have adopted a consultative approach and have been proactively foreseeing the need for adequate regulations, especially in the areas concerning public funds i.e. peer-to-peer lending, crowd funding and alternative currencies.
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The Future of Finance: Examining FinTech Application Examples.pdfBoTree Technologies
The article explores the future of finance through the lens of FinTech application examples. It discusses how FinTech is transforming the financial industry by using innovative technologies such as artificial intelligence, blockchain, and big data analytics. The article provides several real-world examples of FinTech applications, including digital wallets, robo-advisors, peer-to-peer lending platforms, and mobile payment solutions. It also examines the impact of FinTech on various financial sectors, such as banking, insurance, and wealth management, and highlights the benefits and challenges associated with its adoption.
https://www.botreetechnologies.com/blog/fintech-application-examples/
Financial technology (abbreviated Fintech) refers to new technology that aims to improve and automate the delivery and usage of financial services. Fintech, at its heart, is used to assist corporations, company owners, and consumers in better managing their financial operations, procedures, and lives through the use of specialized software and algorithms that are used on computers and, increasingly, smartphones.
Next Biggest Thing In The Financial Industry?Nikit Shingari
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Collaborate and Build Solutions for the Bank and Fintech Industry.pdfTechugo
Banks will be equipped with cutting-edge technology, including machine learning and artificial intelligence, to improve their services and meet customers’ changing needs. Given the optimism surrounding them, one can only imagine how such partnerships will pan out in the future.
Understand the importance and use of Fintech to improve your business process. It is a technological answer to pre-existing financial systems. It allows for new methods of processing financial transactions, making it easy for people to transact business.
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Open Finance is a new phenomenon around data and service sharing amongst financial institutions and other entities to enable of distribution of banking services. In this article below, penned by Ajith Thadhani (AVP-Global Sales & Business Development, Estel Technologies), we look at how Open Finance is the next step on the Open Banking agenda. Link to the article: https://bit.ly/3rJSzA1
Ajith Thadhani, AVP-Global Sales & Business Development, Estel Technologies shares his views about how #FinTech is evolving to be a cornerstone of #financial #innovation. Read the full article here, https://bit.ly/3JKkRCw
#DigitalInnovations #DigitalTransformation #PaymentSolutions #Banking #Telecom
Industry of Financial Technologies
This report on the Study of the Financial Technologies was submitted on May 3,
2016 as part of the Requirements in TM 206 Technology Marketing and
Commercialization
This Industry Study was conducted by
Alexis Dogwe
Camille Eusebio
Maurice Gonzales
Leslee May Tandoc
Al Marie Tating
under the supervision of Prof. Edison D. Cruz
Masters in Technology Management
Technology Management Center
University of the Philippines, Diliman,
Quezon City
The purpose of this paper is to discuss issues such as fintech drivers, shortcomings of traditional financial services, and the role of technological advancement. The paper also addresses issues concerning fintech investment and disruption. It refers to financial technology challenges such as investment management, customer management, and regulation. The paper examines the evolution of fintech in the global market over time.
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[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
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1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
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2. The word Fintech is making rounds of news all around the world from the last few years. The curiosity surrounded by the word is
increasing at a rapid pace, and so is its influence in the finance industry. The concept of Fintech practices delivering financial services
using technology with the aim to improve and automate the process. Fintech includes every activity that delivers financial services
through technology platforms. Fintech aims to compete with traditional processes of banking and financial operations with a focus on
improving efficiency on multiple fronts and a reduction in operational costs. It helps to improve the utilization and delivery of financial
services.
The arrival of Fintech has been celebrated in the financial world. It is helping financial institutions, business owners, companies, and
consumers to manage their financial activities more efficiently. Fintech technology blends financial processes with specialized
software and algorithms. These platforms can be accessed on a computer, smartphone, and other smart devices. Fintech has helped
emerging business entities to disrupt the financial industry because of their adaptability to prevailing situations and agility to be
flexible while serving the last mile needs of the consumer.
The arrival of Fintech has been celebrated in the financial world. It is helping financial institutions, business owners,
companies, and consumers to manage their financial activities more efficiently. Fintech technology blends financial
processes with specialized software and algorithms. These platforms can be accessed on a computer, smartphone,
and other smart devices. Fintech has helped emerging business entities to disrupt the financial industry because of
their adaptability to prevailing situations and agility to be flexible while serving the last mile needs of the consumer.
3. Fintech initially, was attributed to the computer technology used to perform back end processes of established banks and
financial institutions. However, gradual changes in technology and the rapid rate of innovation in Fintech changed the landscape
for this concept. Interestingly the technology has now grown into multiple arrays of financial services and triumphing in both
commercial and personal finance domains. Fintech is now predominantly taken into usage in different sectors, such as retail
banking, fundraising, investment management, insurance, etc. A plethora of application snow available for the users offering a
range of utilities by harnessing the power of Fintech. Commonly used applications perform a function such as funds
management, stock trading, selling and buying of financial instruments, etc.
Fintech not only helps to deliver financial service with geographical restrictions but also helps in the formulation of customer-
centric policy based on data-driven insights collected from Fintech platforms. This data helps Fintech entities to optimize their
service operations, policy development, and offer greater utility to consumers. The success of Fintech can be proved by the fact
that at present, there are over 39 unicorns with valuation over 147 billion US dollars. The rapidly growingly Fintech fraternity now
stands at 120000+ strong startups network.
4.
5. Adoptability of Fintech
The confluence of technology with human lives has impacted every sphere of their
life, and banking and finance are no exception. For example, masses of the present
times prefer messages as their preferred mode of communication rather than visiting
physical banking centers for communication. The behavior also justifies the
utilization of technology to make our lives easier. The expectation is duly met by
other tech companies of the world who offer hyper-personalization and superior
service engagement. If traditional banks do not compete on the said ronts, then they
will continue to lose their customer base in favor of intech companies. Fintech
companies, unlike traditional financial institutions, offer engaged interactions and
hyper-personalization to deliver their services.
Traditional banking centers are plagued with problems such as slow credit approvals,
outdated operating systems, uneven experience on different fronts of the same
organization, delay in customer grievance redressal, limited attention to customer-
centric policies, etc. Whereas Fintech companies offer solution to the above
problems by offering modern solution to the challenges faced by the traditional
counterparts. Flexibility to adopt new spheres to their working models and agility to
move towards customer-centric models provides them an edge over traditional
competitors.
8. The investment in the Fintech sector has been on
rapid growth. The investment in Fintech had a
modest start from an investment of 930 million
dollars in the year 2008. According to statistics,
more than 350 billion dollarsare invested in this
sector for the period of 2013-2018. The investment
in Fintech in 2018 crossed the figure of 100 billion
US dollars. The global digital payment alone is
projected to touch the mark of 10 trillion US dollars
cap by 2026.
Investment in Fintech
9.
10. Types of Fintech Business
B2B (Business to Business) Model
Fintech is helping the consumers to avail of financial services on different fronts. The business entities which were subjected to a
complex loan or credit application process can now take easy financial aids using Fintech. The coming of age concept of Fintech is
helping business houses to get loans using mobile technology or web-based platforms in easy steps. The development is highly
beneficial, especially for small and medium scale industries.
B2C (Business to Customer)
Fintech is benefiting a large number of consumers withdifferent credit needs. Fintech is helping people to raise
credit and consuming a plethora of financial services with convenience. Hyper personalization and superior
quality of services providers and the edge of Fintech over to their traditional counterpart. The prominent
consumer services are money transfer facility, budgeting apps, easy credit facility, operate lending, and financial
activities in their peer group.
11.
12. Digital /Mobile Payments
These payment options provide access to make digital payments and trade with banks, commercial companies,
central banks, hedge funds, forex brokers, investment management funds, and investors. According to reports, the
global payments market is estimated to be 1 trillion US dollars.
Insurance
Fintech has disrupted the majority of services in the financial industry, and insurance is no exception. The so-called
"Insurtech" industry is attracting a hefty investment from venture capitalists all around the world.
Crowdfunding
Crowdfunding platforms allow entities to raise money from internet or app-based users for their business operations. Fintech service
allows the individual business owner or established entities to pool funds from different resources from one platform.
Digital lending /P2P Lending
The digital lending sector is considered as the most progressive arm of the Fintech revolution. The consumers can now get loans and
advances using their smartphones. The lengthy procedure has been reducedto a matter of a few clicks. The consumers can get easy
loans for whatever amount they desire, ranging from ticket loans of meaneramounts to capital loans of higher amounts.The global
market for P2P lending is expected to grow at a CAGR of 60 percent to USD 1 trillion by 2025 from USD 9 billion in 2014.
13. Stock trading apps
Stock trading apps are platforms that enable the user to buy or sell stocks at the tap of their fingertips. Thus,
reducing the complexity and time taking procedure of buying or selling stocks into a process of few taps of their
finger.
Robo Advisors
The Robo Advisor segment of Fintech is a confluence of AI and Financial concepts.It is a wealth management program
that uses AI to function. It advises consumers to manage their wealth in the most profitable manner. This segment is
estimated to manage assets worth 5 Trillion US dollars by 2025.
Budgeting Apps
Budgeting apps help the consumer to keep a record of their financials. The coming of age apps is strengthening by the technological
ability not only to keep track of resources but also get valuable alerts and advises on their spending patterns.
The Unbanked Population of The World
At present, around 31% of the world population can be classified into the unbanked category. The estimated figure stands at 1.10
billion people. The unbanked category can be classified as the class of people who do not use any banking service or take banking
schemes in any capacity. These people either make the transaction in cash or are dependent on any other agent for banking and
financial activities. These people reportedly do not have a subscription to any insurance or pension schemes. It is further estimated
that the revenue potential that can be generated by servicing the unbanked sector is 338 billion dollars.
14. Fintech is playing an essential role in meeting customer
expectations in the financial service industry. It has
decentralized the availability of financial services from physical,
financial centers to the smart devices operated by the fingertips
of the consumers. The revolution is extremely helpful for
developing countries where traditional banking and financial
infrastructure are not robust and accessible to a larger share of
the population. The reason cited for the acute shortage of these
services in developing counties and underdeveloped countries
was the cost of establishment of such centers of finance. This
shortcoming has been bridged by the development of Fintech.
15.
16. Opportunities in India
India is the largest consumer market in the world. It is among the fastest-growing Fintech industry market in the
world. Point of advantages in favor of Fintech operating in India is a rapid internet penetration, the largest
population of unbanked category, and the highest Fintech adoption rate in the world.
Moreover, it is estimated that the Indian Fintech market will be growing at a CAGR of 22% in the next five years as per NASSCOM.
Hence, India possesses unexplored revenue potential for Fintech players.The opportunities are not just limited to retail
consumers but also exist to include the 57.7 million small businesses registered in the country.
17.
18. Infrastructural Advantage
India is the world's third-largest and fastest-growing startup hub, with over 26000+ startups projected to be in operation by the end
of 2025. The growth potential of Indian startups is supplemented by the growth of startup infrastructure in India. The Government
of India is running various schemes for the growth and development of startups in India.
Schemes such as Startup India Scheme, Make in India scheme, Stand up India Scheme, Atal Innovation Mission (AIM) are the
prominent ones among the various schemes offered by the Indian Government at various levels of governance.
The Startup India Scheme has a grant value of 1.5 billion US dollars to be allotted for developing startups to strengthen the startup
ecosystems of the nation. Also, the Government provides a rebate in business and trademark registrations along with tax benefits
to startups. The Government of India also launched a dedicated platform for startup registration in order to make the startups
aware of the various schemes and benefits available to them. The platform is appreciated to provide ease of registration for
startups by the business fraternity and foreign investors.
The Best of Industry Talent
The Best of Industry Professionals of the world are present in India. The IT workforce of India Accounts for more than 4 million
professionals. India stands second in terms of the number of IT professionals rallying behind the USA. However, among the 6.5
million IT professionals of million belongs to Professionals of Indian origin working in the USA. The export of Indian IT services
stands at 180 billion US dollars in annual revenue. The total world force in India stands at 510 million people and is ranked second
in the world.
19. Smart Country Initiative
The Government of India launched the initiative to build smart infrastructure for the country by the initiative of the development of
Smart Cities and the launch of the Digital India movement. The move aims to attract foreign investments in the economy.
Apart from these, free Wi-Fi at a public place, Railway stations, and hyper-local (metro) stations are functional throughout the country.
The fact that internet mobile data in India are the cheapest in the whole world helps in easy penetration of internet-based service
providers.
The largest railway network of the world, Indian railways also allowed payment for the ticket booking and other services via Digital
payments option such as payment wallets banks and Fintech companies.
Tax and Rebate Benefits
The Government of India provides various Tax and Rebate incentives and rebates.Tax rebate is offered to merchants making more
than 50% their transaction digitally. Apart from this, rebates up to 80% of costs are provided to startups at the time of trademark
registration. The DPTT recognized startups also get the tax holiday period of the first three years from the date of recognition by the
Government.
An exemption is provided on capital gains tax for investment in unlisted companies for an investment period longing for more than 24
months.The Government is in talks with various Government and regulatory bodies to cease the charging of surcharge or transaction
fees made for government services and registrations.
20. Tax and Rebate Benefits
The Government of India, making joints efforts with regulatory bodies such as RBI and SEBI are creating a favorable environment for
startup growth in the country. The aggressive efforts of the Indian Government resulted in India becoming a cashless digital economy.
The efforts helped to create a dynamic and progressive Fintech ecosystem in the country. The Government has been able to reach the
institutions and public to use digital financial platforms at a surging rate. The statistics show that the digital payments segment is the
fastest growing in the world, with a CAGR of 20.2 %.
The Reserve Bank of India is facilitating the growth of the startup ecosystem in India by providing ease of business registration and
compliance. The well-timed policies of the regulatory board are ensuring the growth and sustainability of the Fintech industry in India.
The looking forward polices of RBI have helped the Fintech player sto establish a successful business in the field of digital lending,
digitalpayment, open banking, and wealth management.
21.
22. Few of the Landmark moves taken by the RBI to develop Fintech in India
Introduction of “Unified Payment Interface” or UPI in collaboration with NPCL ( National Payments Corporation of India). NPCI is an
apex body with coverage for all retail payments in India. NPCL was structured with guidance from RBI and IBA (Indian Banking
Association). The UPI enabled the seamless transaction of digital payments in India using a single channel of authorization for both
banks and consumers. The UPI facilitates the user to access their bank account via an app on their smart phone or any other smart
device. The introduction of UPI played a catalyst role in the Fintech penetration and financial inclusion in the country. The volume of
UPI transactions has increased at a CAGR of 246 percent during the period from 2016-17 to 2018-19.
The RBI also released the consultation paper as a roadmap for regulating the P2P lending market in India. The document states the
favorable outlook of the regulatory board for Fintech entities in the P2P segment in India.
Further, the apex body issued 11 payment banks option last year to support the objective financial inclusion by utilizing the
technological advancement of Fintech entities. The RBI is having approved 33 entities for Bharat Pay operating unit under the Bharat
Pay Payment System. The Bharat Pay Payment System aims to establish an integrated bill payment service platform in India.
23. Institutional Support
Support from business organizations and educational institutes is playing a vital role in the wide scale development and nurture of the
startup economy in India. These are playing a pivotal role in nurturing the startup ecosystem in the nation. They help to develop an
entrepreneur mindset in young individuals, along with providing training and technical support.
A majority of Indian Education Institutions have set up dedicated entrepreneurship cells to address the need for entrepreneurship
development in the country. The Indian Institute of Technology and Indian Institute of Manage are leading the forefront of such
entrepreneurship cells. As a result, many renown startups have been carved out of these dedicated entrepreneurship development
centers. With support from peer network and industry associations, they provide the nurturing environment necessary for the growth
and incubation of the startup ecosystem. Various incubation centers are established in India that provide support to scale seed-stage
startups. These incubation centers are funded by the Government, with many of them also held by private institutions or commercial
bodies. These centers help to identify, nurture, and scale the potential of the startup.
Smart Consumers of India
Additionally, another biggest advantage India is having is that of the growing population with access to mobile phones. The number of
smartphone users in India stands at 1.2 billion. This set of class represents around 93 % of the country's population. India ranks 3rd
on the rank of most smartphone users in the world. Another advantage for Fintech players in the internet user base and the rate of
internet penetration in the country. India has 566 million registered Internet users by the end of the year 2018. The figure is estimated
to grow at 627 million by the end of the year 2019. The figure comprises 41% population of the country. Moreover, India enjoys the
second-highest rate of internet penetration rate in the world.
24. The facts signify the trapped potential for internet-based financial businesses as the second-highest internet user base with the
second-highest penetration rate is yet to involve 60 % of the population. The dormancy rate of 43 % among the Indian Banking
sector also stands an opportunity for the Fintech players to create more users in India. The success of Facebook and WhatsApp in
India can be considered as a case study to highlight the potential for internet-based business in India. India reportedly has the
highest number of WhatsApp and Facebook users in the world.
The e-commerce sector of India is also on a rampage growth, and it is growing hand in hand with the digital payment sector in India.
The e-Commerce sector, which was limited to tier 1 city during the infancy stage, has now established across Tier 2 and Tier 3
cities. A momentum shift towards online payments is also observed for E-commerce transactions. Change in payment options from
cash on delivery payment options to digital payment options among Indian consumers is considered a massive improvement.
25.
26. India, which was earlier considered as a developing economy, is no longer so. India is now the fifth-largest economy in the world in
Gross Domestic Product (GDP) on the basis of Nominal GDP as per the report by the International Monetary Fund with a GDP of
2,971,996 million US dollars. The economy, which is functioning in multiple sectors, is growing at a tremendous pace from the last
decades. Hence, as a result, the country is also ranked as the 3rd largest economy in terms of Gross Domestic Product on the basis of
Purchasing Power Parity by both the International Monetary Fund and World Bank. Additionally, India is the world's fastest-growing
among the major economy of the world.
State of Indian Economy
India has a diverse financial services market. The sector is experiencing robust growth in both the size and diversity of services. The
sector comprises of commercial banks, Non-banking Financial Companies (NBFC), insurance companies, mutual funds, and other
financial services. Entities like payment banks are a new entrant in the financial services segment of India and are reported to register
strong growth.
Financial Sector in India
The Government of India is committed to undertaking all measures in order to support the financial service providers in India. The
Government is introducing progressive reform at regular intervals to liberalize, regulate, and ensure transparency of operations in the
industry. The effort of Government and highly constructive response from the financial service providers has made in India one of the
most prominent capital markets in the world. Attainment a score of a perfect ten by India for protecting shareholders' rights through
the policies of its security and exchange board of India is one of the many documented evidence that reflects the potential and stability
of the capital and financial sector in India.
27. State of Main Financial services in India
The mutual fund sector has been a major stakeholder in the financial sector of India. The sector holds total Assets of worth 340.48
billion US dollars as Assets Under Management. Interestingly, the number of Mutual Fund Equity Portfolio also reached a high of
74.06 million as of June 2018.
The insurance industry is another booming sector in the Indian Financial Services industry. The sector, with the help of Fintech
platforms, is being grown at an unprecedented growth rate. The total premium received by the industry during the financial year
2019 was 30.2
billion US dollars.
Investments in India are highly lucrative for foreign investors. The domestic stock market ranks second in the world in terms of IPO
(Initial Public Offering) raised from 161 IPO's up to
November 2018.
28.
29. Investment in India
The foreign investment prospects for India are booming at a rapid pace. India enjoys the trust and investments of investors from all
around the world. The investments by Foreign Direct Investors stood at 64.37 billion dollars during the fiscal year 2018-2019. The FDI
received in the first quarter of 2019-2020 Fiscal year stood at 16.3 billion US dollars. The private equity and venture capital (PE/VC)
investments reached US$ 25.20 billion between January to October 2018.
The country is receiving FDI and FPI at an unprecedented rate. During the period of April – June 2019, the FDI stood at 18.4 billion US
dollars. The country is on the road to becoming a five trillion economy by 2022.
The State of Indian Fintech Market
Indian Fintech adoption has risen exponentially in the last few years. India has now become the market leader in Asia for Fintech. India
has beaten close competitor China in establishing its reign over the Fintech markets of Asia. India has reportedly received venture
capital investment of 286 million US dollars. On the contrast, Fintech startups in China received an investment of 192.1 million US
dollars during the same tenure.
30.
31.
32.
33.
34. Chinese Fintech Investment in India
The graph of Chinese investment in India is on a vertical slide with every passing year. The statistics show the emergence of the Indian
Startup Ecosystem as the first choice of Chinese investors. Chinese Venture Capitalist Investment in India has raised to roughly ten
times in the last 3 years. The Chinese VC investment in India was 668 million US dollars in 2016, which raised to 3 billion US dollars in
2017 and subsequently reached the figure of 5.6 billion US dollars in the year 2018. The growth in VC funding is cited as the success of
steps taken by the Indian Government to improve infrastructure and policy framework.
The prominent Chinese investors in India are Alibaba, Xiaomi, Shunwei Capital, Fosun Tencent. India, which has been the prominent
choice for investment by Japan, USA, European countries are witnessing China joining the raging to top investors list.
The first Start-up India Investment Seminar was held in Beijing last year. 12 Indian startups participated in the event, out of which four
secured funding to the tune of $15 million from Chinese venture capitalists.
The most highlighted deals came from Tencent and Alibaba. The Shenzhen based company Tencent enjoys the reputation for being the
most active corporate investors in China.It invested 35 million US dollar funding in Bangalore based digital banking company NiYO.
NiYO additionally serves as the currency exchange service for outbound tourists. Additionally, the company made a 1.4 billion US dollar
Investment in Indian E-commerce Giant Flipkart teaming up with Microsoft and eBay. Further, the company also made an investment of
1 billion US dollars in the ride-hailing service provider OLA. The deal was executed in partnership with Softbank.
It also invested an amount of 1 billion US dollars in Indian food delivery startup Swiggy along with Naspers, as South Africa based firm.
35. Future Prospects
India has emerged as the fastest-growing major economy in the world and an attractive
investment hub. The achievement has emerged as a result of constructive economic
reforms and a growing customer base. The highly prospering financial sectors bloom a
positive scenario for upcoming Fintech players in India. The growth projection is based
on progressive infrastructural reforms and proactive government policies.
Alibaba,thelargest e-commerce holding in the world, is not lagging behind in the trend
for investing in India. Alibaba has invested 177 million US dollars in Indian Payments
Bank entity Paytm
Domestic and foreign investment is on growth in Indian financial markets along with other sectors.
The economy received an equity inflow of 436.35 billion US dollars through Foreign Direct
Investments for the period of April 2000 to June 2019. Apart from that, the Foreign Portfolio
Investment has stood 184 billion US dollars for the period of April 2002 to March 2019. Talking of
Fintech, the digital payment segment is currently clocking a turnover of 64 billion US dollars. The
segment is projected to reach a turnover of 135.2 billion US dollars by 2023.
36.
37. Thank
You
Akash Dubey is a Law Graduate
and works as an Advisor at
Enterslice. He is proficient in
Legal and Financial Advisory.
His expertise in the skills of
Legal and Financial Research is
an aid to his strengths as an
Advisor.
For more information on Fintech Report 2019 or any other
query contact Mr. Akash.
Contact Details;
Contact Number – 9810688945
Visiting Address – H-55, H block, Sector 63, Noida,201301