India's fintech sector is growing rapidly, fueled by a large market base, innovation, and supportive government policies. Several startups offer fintech services like peer-to-peer lending, payments, remittances, and personal finance management. Both traditional banks and new fintech companies are disrupting the financial sector by using technology to improve access and efficiency of financial services. While fintech startups face challenges in scaling up, the large untapped market and supportive regulations provide opportunities for expansion. Collaboration between fintech and traditional banks also has potential to foster innovation and inclusion.
Digital lending is quickly growing among the 'thin file' borrowers i.e. the borrowers with no or negligible credit history. These borrowers can be both consumers or businesses.
But, in recent months the digital lenders are struggling with liquidity crises due to the pandemic. As RBI extended loan moratorium to borrowers, the Digital Lenders are in a catch-22 situation. While their borrowers expect them to extend the moratorium, financial institutions they borrow from (Banks and large NBFCs) are either refusing to or delaying to extend the moratorium to the digital lenders. digital lenders Association of India (DLAI) has already approached the RBI to get the moratorium benefits.
It is quite expected that many digital lenders (especially ones with weaker balance sheets) will not survive not only because of the liquidity crisis but also exposure to less creditworthy borrowers who are often small businesses and less creditworthy individuals. The economic repercussions of the lockdown may leave many of the borrowers unable to repay as small businesses shut down and people lose employment.
Although, the lockdowns have caused rapid digital adoption which is beneficial for the industry in the long-term. This indicates that the industry is expected to go through a lot of consolidation as cash strapped players look to be acquired to get some exit.
Let us understand this industry.
The presentation involves about Fintech industry, the technologies involved, various UPI's, regulators of Fintech Industry in India and Payment Sytstem in India
Fintech in India – Opportunities and ChallengesDr. C.VIJAI
Fintech is financial technology; Fintech provides alternative solutions for banking services and non-banking finance services. Fintech is an emerging concept in the financial industry.The main purpose of this paper accesses the opportunity and challenges in the fintech industry. It explains the evolution of the fintech industry and present financial technology (fintech) in the Indian finance sector. The fintech provide digitalization transaction and more secure for the user. The benefits of fintech services reducing operation costs and friendly user. The fintech services India fastest growing in the world. the finch services are going to change the habits and behavior of the Indian finance sector.
Use of Articificial Intelligence and technologies in providing financial services is what fintech does. Whether it is Payment gateway, insurance, banking, lending, stock trading, taxes.
How Fintech evolved over the years in the World and Indian Economy.
Indian Fintech Companies under different categories
Common Fintech practices adopted by Fintech Companies with better flexibility, convenience and accessibile financial products and services
Digital lending is quickly growing among the 'thin file' borrowers i.e. the borrowers with no or negligible credit history. These borrowers can be both consumers or businesses.
But, in recent months the digital lenders are struggling with liquidity crises due to the pandemic. As RBI extended loan moratorium to borrowers, the Digital Lenders are in a catch-22 situation. While their borrowers expect them to extend the moratorium, financial institutions they borrow from (Banks and large NBFCs) are either refusing to or delaying to extend the moratorium to the digital lenders. digital lenders Association of India (DLAI) has already approached the RBI to get the moratorium benefits.
It is quite expected that many digital lenders (especially ones with weaker balance sheets) will not survive not only because of the liquidity crisis but also exposure to less creditworthy borrowers who are often small businesses and less creditworthy individuals. The economic repercussions of the lockdown may leave many of the borrowers unable to repay as small businesses shut down and people lose employment.
Although, the lockdowns have caused rapid digital adoption which is beneficial for the industry in the long-term. This indicates that the industry is expected to go through a lot of consolidation as cash strapped players look to be acquired to get some exit.
Let us understand this industry.
The presentation involves about Fintech industry, the technologies involved, various UPI's, regulators of Fintech Industry in India and Payment Sytstem in India
Fintech in India – Opportunities and ChallengesDr. C.VIJAI
Fintech is financial technology; Fintech provides alternative solutions for banking services and non-banking finance services. Fintech is an emerging concept in the financial industry.The main purpose of this paper accesses the opportunity and challenges in the fintech industry. It explains the evolution of the fintech industry and present financial technology (fintech) in the Indian finance sector. The fintech provide digitalization transaction and more secure for the user. The benefits of fintech services reducing operation costs and friendly user. The fintech services India fastest growing in the world. the finch services are going to change the habits and behavior of the Indian finance sector.
Use of Articificial Intelligence and technologies in providing financial services is what fintech does. Whether it is Payment gateway, insurance, banking, lending, stock trading, taxes.
How Fintech evolved over the years in the World and Indian Economy.
Indian Fintech Companies under different categories
Common Fintech practices adopted by Fintech Companies with better flexibility, convenience and accessibile financial products and services
Role of Financial Technology in Banking. This ppt describes the impact of Fintech in Banking and the new technologies that are disrupting the banking and financial services. This also includes the need for innovation in the banking sector. Fintech i.e. Financial technology plays an important role in the banking sector. Retail banking, financial technology, Fintech, innovations, Technologies, Imoact of Fintech in banking.
FinTech: The revolution is here!
In this session, we will introduce fintech and discuss the eight key innovations in fintech that are revolutionizing how companies are doing business. This session is geared towards fintech enthusiasts and financial industry professionals who are intrigued and fascinated by the innovations in fintech and would like to learn and adapt to the new realities of the 21st century
Fintech and Transformation of the Financial Services IndustryRobin Teigland
Slides from our FinTech day as part of the Entrepreneurship & Innovation Concentration in the Stockholm School of Economics Exec MBA program in Stockholm, Sweden.
presentation give you idea about the the recent trends in financial sector services from different financial tool which are being used by investment institution
If you want to know about fintech then you must check out this presentation. Here you will get the basic points about fintech or technology in finance. A fintech is an abbreviated form of Financial Technology. It is also used as a collective term for all the technology in the financial sector. From a technical perspective, it is the seamless integration of technology in the finance sector to produce fast, accurate & efficient solutions for both consumers and businesses.
Overview of Digital Financial Services LandscapeJohn Owens
This presentation reviews the digital financial service landscape and is a primer for regulators and policy makers wishing to better understand current market developments.
Was recently invited to share my thoughts on fin-tech with the board of a top 5 bank in India. While Indian banks have several challenges, I was impressed by this board's disruption awareness and desire to embrace technological change. It was a good discussion. Here is an edited version of that presentation (removed a few non-public info slides).
Role of Financial Technology in Banking. This ppt describes the impact of Fintech in Banking and the new technologies that are disrupting the banking and financial services. This also includes the need for innovation in the banking sector. Fintech i.e. Financial technology plays an important role in the banking sector. Retail banking, financial technology, Fintech, innovations, Technologies, Imoact of Fintech in banking.
FinTech: The revolution is here!
In this session, we will introduce fintech and discuss the eight key innovations in fintech that are revolutionizing how companies are doing business. This session is geared towards fintech enthusiasts and financial industry professionals who are intrigued and fascinated by the innovations in fintech and would like to learn and adapt to the new realities of the 21st century
Fintech and Transformation of the Financial Services IndustryRobin Teigland
Slides from our FinTech day as part of the Entrepreneurship & Innovation Concentration in the Stockholm School of Economics Exec MBA program in Stockholm, Sweden.
presentation give you idea about the the recent trends in financial sector services from different financial tool which are being used by investment institution
If you want to know about fintech then you must check out this presentation. Here you will get the basic points about fintech or technology in finance. A fintech is an abbreviated form of Financial Technology. It is also used as a collective term for all the technology in the financial sector. From a technical perspective, it is the seamless integration of technology in the finance sector to produce fast, accurate & efficient solutions for both consumers and businesses.
Overview of Digital Financial Services LandscapeJohn Owens
This presentation reviews the digital financial service landscape and is a primer for regulators and policy makers wishing to better understand current market developments.
Was recently invited to share my thoughts on fin-tech with the board of a top 5 bank in India. While Indian banks have several challenges, I was impressed by this board's disruption awareness and desire to embrace technological change. It was a good discussion. Here is an edited version of that presentation (removed a few non-public info slides).
A primer on the Fintech market in India, with infographics on the market landscape, size and evolution paths. Includes estimates on penetration levels of digital banking and category specific growth expectations.
Philippe Gelis, CEO & Co-Founder of Kantox, talking about the next 10 years in Fintech; A new co-petitive eco-system starts emerging within the financial sector
Overview of industry trends and insights of Fortune 500 companies and startups' activities in the FinTech space. We cover banking tech (security, crm, analytics), payments (pos, money transfer, commerce), cyber currency (blockchain, bitcoin, wallets, cryptocurrency exchanges), business finance (lending, crowdfunding), personal finance (lending, wealth management, mortgage, credit), and alternative cores (banking, insurance).
A report about Fintech Indonesia and all Fintech Statups in Indonesia powered by www.Fintechnews.sg/Indonesia. Also Check Out the Facebook Page: https://www.facebook.com/Fintech-Indonesia-177477972669098/
Introduction to APIs from a Business Perspective by Shafqat Islam, Founder an...Aika Sawai Nakashima
Introduction to APIs from a Business Perspective
by Shafqat Islam, Founder and CEO, Newscred (http://newscred.com)
This slide was used for a lecture held at General Assembly on Tuesday, April 19th from 6:00 pm to 7:30 pm.
What are APIs, and why do they matter? This course will give students a practical introduction to the business of APIs, including examples of successful APIs in the wild, examples of applications built on top of APIs and mashups. In addition, the class will discuss the advantages and challenges of building an API for your business, including revenue model considerations and examples drawn from Newscred's experience.
Shafqat is responsible for expanding NewCred's Platform services business, oversees the sales function and manages the strategic growth of the company. Prior to this, he was a Vice President at Merrill Lynch and part of the technology management team at Merrill Lynch Bank Suisse. Shafqat graduated with a dual degree in Computer Engineering and Economics from the University of Pennsylvania.
http://introtoapis.eventbrite.com/
Fintech 2017 vision and insight - presentation at the Hanken School of EconomicsGrow VC Group
Fintech 2017 vision and insight - presentation at the Hanken School of Economics: three main themes: 1) distributed finance, 2) open API ecosystem, 3) software bankers.
Early Stage Fintech Investment Thesis (Sept 2016)Earnest Sweat
Here is an example of a personal investment thesis that I created to share with venture capital firms. In this example, I provide my personal perspective on the fintech sector. For details on how I build this thesis check out my blog (https://goo.gl/CU4Qid).
Note: Some of the confidential information has been redacted for privacy.
CES 2017 FinTech trend: Blockchain Technology by Mark Mueller-Eberstein, AdgetecMark Mueller-Eberstein
Trend you can't miss at #CES2017 in Las Vegas.
Mark Mueller-Eberstein (Advisor to CXOs and CEO of Adgetec), explains how blockchain technology is changing not only #FinTech, but broader industry and why #China has a special opportunity for success leveraging the innovation.
India Startup Ecosystem Report 2016: Trends and OutlookNamagiri Anand
The Indian Startup Ecosystem is the third largest in the world, with around 10,000 startups, of which >120 are biotech, and 4500 tech-focused, with others focused on traditional sectors. Every year, 800 new startups are established. Bengaluru, Delhi-NCR, Pune are the major startup hubs. There is also a clear tech focus: Bengaluru is biotech-focused, while Pune is chemistry-focused, and Delhi-NCR is tech-heavy.
US$4.1Bn was raised in startup funding in 2016, which is 40% down from 2015. Uninvested capital available with India-focused VCs is US$3.1Bn. >200 startups closed shop in 2016.
E-Commerce, Digital Payments, and SAAS are the major focus for VCs in 2016, as compared to E-Commerce and Hyperlocal in 2015. E-Commerce sobered-up in 2016, with lesser hype and lesser VC interest. Instead, VCs started showing more interest for niche segments, such as B2B ecommerce marketplaces.
Majority of the startups have a “me-too” approach.
Only few attempting grand challenges. Limited focus on functionality or products per se.Unicorns struggled to raise capital in 2016.
Investor interest in startups solving India-specific challenges negligible. India ecosystem saw the entry of a slew of new investors. Many fund managers struck on their own.
India VC market maturing.
Co-working spaces, incubators, and even, accelerators - mushrooming. Government fostering incubation culture through Atal Innovation Labs and Atal Tinkering Labs, that supplements the many startup policy initiatives of the Government.
There will be some more decrease in VC funding in 2017.
In 2017, Fintech will disrupt many industries. In 2017, startups focused on fintech and enterprise segments will flourish. Expect some more promising startups to be acquired by global majors in 2017. A.I. will become the “Big Data” type- hype in 2017.
Alibaba’s entry will disrupt the ecommerce market once again.
In 2017, IKEA’s entry will disrupt the furtniture startup segment. In 2017,
Agtech Startups will grow. Startup Focus will move to Tier III and IV cities! In 2017,
Bitcoin Startups will spike.
However, wait and watch for new regulations!
(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.
General introduction to FinTech.
What you will learn by reading this presentation:
> What is FinTech
> Why it works
> Where it works
> How it might impact you
Looking forward to reading your comments
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.
Fintech is abbreviation of Finance technology. It's new sector in Finance service. Basically it's combination of Finance and technology......A digitalization of banking
The 10 best emerging fintech startups in 2018Merry D'souza
Fintech in India is a unique because it is young, growing rapidly, and is fuelled by a large market base. Insights Success "The 10 Best Emerging Fintech Startups in 2018", Our magazine journey begins with the Cover story; CASHe, which provide immediate short-term personal loans to young professionals based on their social profile, merit and earning potential using its proprietary algorithm-based machine learning platform.
Is the Finance Technology (FinTech) sector ready for breakout? Read Deloitte India’s detailed report that thoroughly examines the continuously evolving market and the key factors that are leading FinTech companies to success. However, the journey will not be easy for most companies due to the challenges mentioned in the report.
Is the Fintech ecosystem ready for breakout? Fintech is changing the way we do banking and finance, making it more intuitive and personalised. In this report, Deloitte India explains the growth of the Indian economy and the convergence of financial services and technology.
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.
Fintech Software Development: A Comprehensive Guide in 2024SeasiaInfotech2
Welcome to our fintech software development guide. Emerging technologies allow financial institutions to offer their services more quickly and efficiently to customers in a progressively mobile and web-connected world. Check out our blog now to learn more.
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
This PPT gives the Introduction to the financial services, their strengths, weakness, opportunities as well as Trends in Banking & Financial Services.
This presentation also includes the Recent developments in the finance field and the strategies to manage demand and capacity within the Financial Service Industry. It also presents the information about the major types of financial services and 7Ps of the same.
From account opening to insurance underwriting to payments to peer-to-peer lending, FinTechs are innovating across areas and offering differentiated customer experience. India Fintech Ecosystem has been growing well over the last five years and many of these successful startups are now getting ready for international rollouts.
www.thedigitalfifth.com
Future Of Fintech In India | Evolution Of Fintech In IndiaTheUnitedIndian
Navigating the Future of Fintech in India: Insights into how AI, blockchain, and digital payments are driving unprecedented growth in India's fintech industry, redefining financial services and accessibility.
Guide To Navigating Fintech Development Outsourcing.pdfJPLoft Solutions
As the fintech sector grows and businesses adopt increasingly advanced technologies and algorithms for their offerings, identifying an ideal person to work on a fintech project becomes one of the biggest problems for those who want to increase the speed of technology development or upgrade their existing technology.
Financial Technology: Insights into an Exploding IndustryCory Brooks
Financial Technology will dramatically change your life; it may have already. This powerpoint gives the market overview FinTech as well as sector overviews concerning digital payments, online lending, and InsurTech.
Similar to Opportunities in india’s emerging fintech sector (20)
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
Leaders are often faced with ethical conundrums(a confusing and difficult problem or question). So how can they determine when they’re inching toward dangerous territory? There are three main psychological dynamics that lead to crossing moral lines.
There’s omnipotence: when someone feels so aggrandized and entitled that they believe the rules of decent behavior don’t apply to them.
Consider cultural numbness: when others play along and gradually begin to accept and embody deviant norms.
Finally, when people don’t speak up because they are thinking of more immediate rewards, we see justified neglect.
Generally most people mean well, but simply execute their job poorly sometimes and sometimes, there are BAD bosses. We must learn “to Work "on Bad Boss
According to dictionary.com, “to work” something or someone is to put them into effective operation, to operate that thing or person for productive purposes.
Put your Bad Boss into effective operation to get whatever you want in your job or career by learning your boss’s secret desire and secret fear
Two biggest issues of Bad Boss are:
They can negatively impact our work performance.
They can make life miserable
We often hear “being difficult.” about Bad Boss. It’s hard to know exactly where the difficulty lie. All we know is it is difficult to work successfully with this person.
An incompetent person is someone who is
Functionally inadequate or
Insufficient in Knowledge, Skills, Judgment, or Strength
Mindset is a mental attitude that determines how we interpret and respond to situations.
Dweck has found that it is your mindset that plays a significant role in determining achievement and success.
A mindset refers to whether you believe qualities such as intelligence and talent are fixed or changeable traits.
People with a fixed mindset believe that these qualities are inborn, fixed, and unchangeable.
Those with a growth mindset, on the other hand, believe that these abilities can be developed and strengthened by way of commitment and hard work.
Story of Katalin Karikó, a researcher who won the Nobel prize for medicine for her work on modifying the RNA molecule to avoid triggering a harmful immune response is a classical example of mindset.
Yet, her life was full of rejection and doubt.
Her achievement had much to do with her mindset.
A theory is a based upon a hypothesis and backed by evidence.
A theory presents a concept or idea that is testable.
In science, a theory is not merely a guess.
A theory is a fact-based framework for describing a phenomenon.
In psychology, theories are used to provide a model for understanding human thoughts, emotions, and behaviors.
Hence study of Psychology theory is essential for SSB and all types of Interviewas it helps us to understand our own developmental psychology.k
Personality theorists should study normal individuals
All behavior is interactive
The person must be studied in terms of interactions with their environment
The brain is the locus of personality
There is a biological basis to personality
Definition of Personality
1- Personality is an abstraction formulated by a theorist.
2- It refers to series of events that ideally span over life time from childhood to adulthood
3-It reflects novel, unique, recurrent and enduring patterns of behaviours – his education and training .
4- Personality is located in brain- imagination, perception
5.Personality comprises the person’s central organizing and governing processes, whose function is to
Resolve conflicts,
Satisfy needs, and
Plan for future goals.
” Emotions are complex psychological states involving three distinct components: a subjective experience, a physiological response, and a behavioral or expressive response”
"Discovering Psychology," by Don Hockenbury and Sandra E. Hockenbury
In 1972, psychologist Paul Ekman suggested that there are six basic emotions that are universal throughout human cultures: fear, disgust, anger, surprise, joy, and sadness.
In the 1980s, Robert Plutchik introduced another emotion classification system known as the wheel of emotions. This model demonstrated how different emotions can be combined or mixed together, much like the way an artist mixes primary colors to create other colors.
Plutchik proposed eight primary emotional dimensions: joy vs. sadness, anger vs. fear, trust vs. disgust, and surprise vs. anticipation.
These emotions can then be combined to create others, such as happiness + anticipation = excitement.
In 1999, Ekman expanded his list to include a number of other basic emotions, including embarrassment, excitement, contempt, shame, pride, satisfaction, and amusement
Anger is an intense emotion you feel when
Something has gone wrong or
Someone has wronged you.
It is typically characterized by feelings of
Stress,
Frustration, and
Irritation.
Anger is a perfectly normal response to frustrating or difficult situations.
Anger only becomes a problem when
It’s excessively displayed and
Begins to affect your daily functioning and the way you relate with people.
Anger can range in intensity, from a slight annoyance to rage.
It can sometimes be excessive or irrational.
In these cases, it can be hard to keep the emotion in check and could cause you to behave in ways you wouldn’t otherwise behave.
Cognitive distortions are
Negative or irrational patterns of thinking.
Simply ways that Impostor Syndrome convinces us to believe things that aren’t really true.
Inaccurate thought patterns that
Reinforce our negative self perception and
Keep us feeling bad about ourselves
These negative thought patterns can play a role in
Diminishing our motivation,
Lowering our self-esteem
Contributing to problems like
Anxiety,
Depression, and
Substance use.
Trauma Bonding is the attachment an abused person feels for their abuser, specifically in a relationship with a cyclical pattern of abuse.
Is created due to a cycle of abuse and positive reinforcement
After each circumstance of abuse, the abuser professes love, regret, and trying to make the relationship feel safe and needed for the abused person.
Hence Abused
Finds leaving an abusive situation confusing and overwhelming
Involves positive and/or loving feelings for an abuser
Also feel attached to and dependent on their abuser.
Emotional abuse involves controlling another person by using emotions to Criticize , Embarrass ,Shame ,Blame or
Manipulate .
To be abusive there must be a consistent pattern of abusive words and bullying behaviours that Wear down a person’s Self-esteem and Undermine Their mental health.
Most common in married relationships,
Mental or emotional abuse can occur in any relationship—including among
Friends
Family members and
Co-workers
Attachment-related patterns that differ between individuals are commonly called "attachment styles."
There seems to be an association between a person’s attachment characteristics early in life and in adulthood, but the correlations are far from perfect.
Many adults feel secure in their relationships and comfortable depending on others (echoing “secure” attachment in children).
Others tend to feel anxious about their connection with close others—or prefer to avoid getting close to them in the first place (echoing “insecure” attachment in children).
Borderline personality disorder, characterized by a longing for intimacy and a hypersensitivity to rejection, have shown a high prevalence and severity of insecure attachment.
Attachment styles in adulthood (similar to attachment patterns in children):
Secure
Anxious-preoccupied (high anxiety, low avoidance)
Dismissing-avoidant (low anxiety, high avoidance)
Fearful-avoidant (high anxiety, high avoidance)
Conduct disorder is an ongoing pattern of behaviour marked by emotional and behavioural problems.
Ways in which Children with conduct disorder behave are
Angry,
Aggressive,
Argumentative, and
Disruptive ways.
It is a diagnosable mental health condition that is characterized by patterns of violating
Societal norms and
Rights of others
It's estimated that around 3% of school-aged children have conduct disorder and require professional treatment .
It is more common in boys than in girls.
Oppositional defiant disorder (ODD) is a psychiatric disorder that typically emerges in childhood, between ages 6 and 8, and can last throughout adulthood.
ODD is more than just normal childhood tantrums
Frequency and severity of ODD causes difficulty at home and at school.
Children with ODD also struggle with learning problems related to their behavior.
Two types of oppositional defiant disorder:
Childhood-onset ODD:
Present from an early age
Requires early intervention and treatment to prevent it from progressing into a more serious conduct disorder
Adolescent-onset ODD:
Begins suddenly in the middle- and high-school years, causing conflict at home and in school
There have been at least 13 different types of intelligence that have been identified so far.
These different ways of being smart can help people perform in different areas from their personal life, business, to sports and relationships.
Attachment is an emotional bond with another person. John Bowlby described attachment as a "lasting psychological connectedness between human beings.“
Earliest bonds formed by children (with caregivers) have a tremendous impact that continues throughout life and Attachment so developed
Serves to keep the infant close to the mother, thus improving the child's chances of survival.
Are innate drive Children are born with and is a product of evolutionary processes
Emerges and are regulated through the process of natural selection,
Are characterized by clear behavioural and motivation patterns.
Nurturance and responsiveness were the primary determinants of attachment.
Children who maintained proximity to an attachment figure were more likely to
Receive comfort and protection, and
More likely to survive to adulthood.
e-RUPI is a person and purpose-specific cashless e-voucher designed to guarantee
that the stored money value reaches its intended beneficiary and can only be used for
the specific benefit or purpose for which it was intended. The idea is to create a minimal
logistics, leak-proof delivery mechanism for a wide range of government Direct Benefit
Transfer (DBT) programs across the country. The digital e-voucher platform can also
be used by organizations who wish to support welfare services through e-RUPI instead
of cash
The term ‘Moonlighting’ became popular in America when people started working a second job in addition to their regular 9-to-5 jobs. Since the rise of the work-from-home concept during the pandemic, employees got free time after work hours. While some took up their hobby in their free time, others started searching for part-time jobs. Especially in the IT industry, employees took up two jobs simultaneously and took advantage of the remote working model. This concept of working for two companies/organisations is referred to as moonlighting.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
1. Based on posts of
Melissa Cyrill of 16 Jul 2016
By
Col Mukteshwar Prasad(Retd)
Opportunities in India’s
Emerging Fintech Sector
2. Introduction
Fintech refers to the scope of financial services that can be available on
digital platforms acting as new disruption in the banking and financial
services sector having a wide-ranging impact.
India’s financial technology (fintech) sector though young but is growing rapidly,
fueled by
a large market base,
an innovation-driven startup landscape, and
friendly government policies and regulations.
Several startups populate this emerging and dynamic sector, while both
traditional banking and non-banking financial companies (NBFCs) are
playing catch up.
The National Association of Software and Services Companies (NASSCOM)
reported that
around 400 fintech firms operated in India,
boosted in large part by foreign investments in fintech-focused startup
accelerators and incubators.
NASSCOM predicts that India’s fintech software market alone could touch
3. Technology and the Financial Services in the Indian
Market
Key service offerings to emerge on digital platforms include:
Peer-to-Peer (P2P) Lending Services: Companies use alternative credit
models and data sources to provide consumers and businesses with faster
and easier access to capital.
P2P lending allows online services to directly match lenders with borrowers
who may be individuals or businesses.
Examples are Lendbox, Faircent, i2iFunding, Shiksha Financial, GyanDhan,
and MarketFinance.
Payment Services: Companies allow both private individuals and
businesses to accept payments over the web and on mobile without needing
merchant accounts.
Transfers are made directly to the bank account linked to the payee in order
to secure against fraud.
Examples are Mobikwik, Paytm, and Oxigen Wallet.
Remittance Services: A few startup ventures, albeit registered abroad, are
trying to address the gaps in remittance transactions (both inbound and
outbound) as the current process is cumbersome and expensive.
4. Technology and the Financial Services in the Indian
Market
Key service offerings to emerge on digital platforms include: ……
Personal Finance or Retail Investment Services: Fintech companies are
also growing around the need to provide customized financial information
and services to individuals based on one”s specific need , that is,
how to save,
manage, and
invest one’s personal finances
Examples are FundsIndia.com, Scripbox, PolicyBazaar, and BankBazaar.
Miscellaneous Software Services: Companies are offering a range of cloud
computing and technology solutions, which improve access to financial
products and in turn increase efficiency in day to day business operations.
The scope of fintech is rapidly diversifying at both macro and micro levels,
from providing online accounting software to creating specialized digital
platforms connecting buyers and sellers in specific industries.
Examples include
Catalyst Labs in the agriculture sector,
AirtimeUp which provides village retailers the ability to perform mobile top
5. Technology and the Financial Services in the Indian
Market
Key service offerings to emerge on digital platforms include: ……
Miscellaneous Software Services:….Examples include …. mobile top ups,
ftcash that enables SMEs to offer payments and promotions to customers
through a mobile based platform,
Profitbooks (online accounting software designed for non-accountants),
StoreKey, and
HummingBill.
Equity Funding Services: This includes crowdfunding platforms that enable
the funding of a project or business venture by raising funds from a large
number of people.
Such internet-mediated platforms are gaining popularity across the world as
access to venture capital is often difficult to secure.
These services are particularly targeted at the early stage of a businesses’
operation.
Examples include:
Ketto,
Wishberry, and Start51.
6. Technology and the Financial Services in the Indian
Market
Key service offerings to emerge on digital platforms include: ……
Cryptocurrency: India being a more conservative market where cash
transactions still dominate, usage of digital financial currency such as ‘bitcoin’
has not seen much traction when compared to international markets.
There are, however, a few bitcoin exchange startups present in India –
Unocoin,
Coinsecure, and
Zebpay.
Payroll Loan (Funding):Payroll loans fill gaps in cash flow but must be paid
off quickly and often carry high fees.
A payroll loan is a short-term, unsecured loan that provides cash up
front to be repaid at the borrower’s next payday.
In most cases, you have access to the working capital by the next
business day, and the funds can be used in a variety of ways to meet your
immediate needs.
Many of us face an emergency where we require an instant cash loan on the
same day.
7. Technology and the Financial Services in the Indian
Market
Key service offerings to emerge on digital platforms include: ……
Payroll Loan (Funding):…..Such a situation can arise in the case of
a medical emergency,
financial opportunity o
r urgent loan repayment.
Getting a loan within a short time of 24-48 hours is very difficult, especially
from banks who require several weeks to process your personal loan
application.
In such a situation, most people be forced to go to a pawnbroker or money
lender in the informal market who provides loans at very high interest rates of
3-4% per month.
Moreover you need to provide collateral in the form of gold jewellery to get
this type of loan, which can turn out to be a humiliating and degrading
experience.
With the Internet revolution now all products and services are available
online.
You can purchase any product online and pay for it when it reaches your
doorstep by using the cash on delivery (COD) option.
8. Technology and the Financial Services in the Indian
Market
Key service offerings to emerge on digital platforms include: ……
Payroll Loan (Funding):….. delivery (COD) option.
It is no different for online cash loans, you need to apply online with all the
scanned documents and the loan amount will be delivered to your
doorstep or transferred to your bank account.
However if you are unemployed and do not have a credit history with credit
bureaus such as CIBIL, it is very difficult to get a loan online as most
websites do a credit check and approve your application on the basis of your
credit score.
If you have credit score of more than 700 on CIBIL, it becomes very easy to
get a short term loan online.
In India, payday loans are a new concept , this type of loan is also know as a
salary loan or cash advance loan and are short term unsecured loans usually
given in cash for meeting short term financial requirements.
Rupee Lend – https://www.rupeelend.com/
This company is based in the Delhi NCR region and disburses loans
presently only in the national capital region, Bangalore and Mumbai.
Rupee Lend charges a very high interest rate of 1% a day for loan from Rs
9. Technology and the Financial Services in the Indian
Market
Key service offerings to emerge on digital platforms include: ……
Payroll Loan (Funding):….. Rupee Lend – https://www.rupeelend.com/.. 1
Lakh.
You will need to repay it within a month of borrowing.
They are one of the few online companies that disburse loans
instantaneously and this facility is convenient for those who are facing an
emergency requirement of money.
India Lends – https://indialends.com/
Lend Box – https://www.lendbox.in.
Faircent – https://www.faircent.com
i-Lend – https://www.i-lend.in
10.
11. Scope for Growth in India
Fintech service firms are currently redefining the way companies and
consumers conduct transactions on a daily basis.
This is why global investments into fintech ventures have been increasing
at record speed – tripling to US$ 12.2 billion in 2014 from US$ 4.05 billion
in 2013, and reaching US$ 19.1 billion in 2015.
In India, the scale has been much smaller but at similar growth rates –
investment in India’s fintech industry grew 282 percent between 2013 and
2014, and reached US$ 450 million in 2015.
Additionally, India has a large untapped market for financial service
technology startups – 40 percent of the population are currently not
connected to banks and 87 percent of payments are made in cash.
With mobile usage expected to increase to 64 percent in 2018 from 53
percent currently, and internet penetration steadily climbing, the growth
potential for fintech in India cannot be overstated.
Moreover, by some estimates, as much as 90 percent of small businesses
are not linked to formal financial institutions.
These gaps in access to institutions and services offer important scope to
develop fintech solutions (such as funding, finance management) and
12.
13. Disruptive Potential in the Traditional Finance and
Banking Sector
Fintech firms are breaking new ground in the formal finance sector through
innovative and dynamic use of technology in the lending process.
For instance, while traditional banks (around 100) and NBFCs (around
1100) in India use technology to simply
calculate credit scores,
fintech ventures use under mentioned increase efficiency and provide
greater access to credit
machine learning algorithms and
alternative data points such as
social media footprints,
call records,
shopping histories, and
The turnaround time is also much faster for the approval and disbursal
of loans by fintech firms despite several banks (State Bank of India,
ICICI, HDFC, and Axis bank) digitizing and speeding up these
processes markedly.
14.
15. Challenges and Opportunities for Fintech
Expansion
While digital finance firms have benefited from the government’s pro-startup
policies and flexible regulatory conditions imposed by the Reserve Bank of
India (RBI),
To match formal institution’s established infrastructure and legacy
that is not easily replaceable.
Need to instill greater confidence among Indian customers, already
known for being conservative in their financial preferences.
Figuring out how to market to their needs
influence financial behavior
setting up a strong and responsive regulatory infrastructure to keep apace
with the speed of technological innovation.
On the other hand, traditional banking and financial institutions can leverage
their existing customer base and
adopt digital products that
nurture strong financial relationships
improving service efficiency and
broadening access to meet changing needs.
16. Challenges and Opportunities for Fintech
Expansion…
On the other hand, … broadening access to meet changing needs.
The disruptive potential of fintech firms can provoke
the much needed modernization of the traditional sector,
reducing costs in the process and
increasing the size of the banking population.
Responding to these opportunities and challenges, banks like HDFC and
Axis have launched
mobile phone applications to ease digital transactions;
Federal Bank announced a partnership with Startup Village to develop
innovative banking products;
U.K. giant Barclays is set to operationalize its fifth global fintech innovation
center that will be located in India; and
Goldman Sachs Principal Strategic Investments Group (GSPSI) is looking
to invest in Bengaluru’s fintech startup scene.
Thus, the growth prospects in technological innovation may not necessarily
produce a mutually exclusive relationship between traditional institutions and
fintech firms in India.
17. The Right Combination of Incentives, Policies, and
Regulation
Initiatives by the RBI and parallel government efforts have focused on
fostering financial inclusion.
This has meant encouraging competition and innovation in India’s nascent
fintech sector on a more or less even playing field.
This has allowed both online and offline solutions to emerge and has
created a safer financial system with far-reaching access.
Reserve Bank of India: The RBI recently set up a multi-disciplinary committee
to study the fintech business in India.
The goal is to understand the risks involved and emergence of new
models, and assess how the banking system could then adapt and
respond to them.
The RBI has so far promoted
the Unified Payments Interface and the Bharat Bill Payments System,
digital payments,
P2P lending, and
the use of automated algorithms to offer financial advice.
Moreover, the RBI has granted licenses to 11 fintech entities to establish
payment banks that provide savings, deposit, and remittance services.
18. The Right Combination of Incentives, Policies, and
Regulation…
Government Schemes: Govt Schemes that have provided important
enabling platforms for technology innovators
the Jan Dhan Yojana
, Digital India program, and
Aadhar’s Unique Identification system
Also, e-governance systems promoted by the current government facilitate
transparency by removing the involvement of middlemen.
Other examples of the government’s efforts to encourage the growth of a
fintech ecosystem in India
The removal of surcharges on electronic transactions,
tax benefits for consumers and businesses using e-payments, and
changes in authentication requirements
Fintech Startup Sector: This is probably the greatest empowering incentive
towards the expansion of fintech ventures in India. An encouraging regulatory
environment has enabled the launching of 174 fintech startups in 2015 alone,
as per data analytics company, Traxcn. As mentioned earlier, several national
and international banks and investment groups are also investing in India’s
fintech startups and funding fintech solutions.
19. Observation
The digital and technological revolution transformed business operations
across all industries, and the financial and banking sector is no exception.
What is heartening is that the Indian government and regulatory institutions
have in effect promoted an entrepreneurial rather than obstructive climate for
fintech in India.
However, policies and governance will need to match the speed of innovation
in this sector, particularly to ensure secure and transparent growth.