Fintech, short for 'financial technology,' involves technology-driven solutions enhancing financial services through platforms that enable activities like money transfers and lending. The evolution of fintech dates back to the late 19th century and has progressed significantly, with recent advancements providing consumers easier access to financial services. The fintech landscape, particularly in India, is rapidly maturing, attracting substantial investments and enhancing the way consumers interact with their financial resources.

1. Extentia, a Merkle Company | Confidential | www.extentia.com
THE EVOLUTION OF
THE FINTECH SPACE

2. Extentia, a Merkle Company | Confidential | www.extentia.com
• Fintech, a combination for 'financial
technology,' refers to technology-enabled
financial solutions used to improve the delivery
of financial services
• It refers to software, algorithms, and
applications for both desktop and mobile-
based tools, and at times, includes hardware
• Fintech platforms are designed to perform run-
of-the-mill activities such as depositing checks,
transferring money among accounts, paying
bills, or requesting financial aid
• Moreover, in recent years, they have
performed technically intricate actions like
peer-to-peer lending or crypto exchanges
What is Fintech?

3. Extentia, a Merkle Company | Confidential | www.extentia.com
• The phrase “fintech” was added to the
Merriam-Webster dictionary as recently as
2018, but its concepts and ideas date back
decades
• Today, the term reminds us of
cryptocurrencies and start-up banks, but
its roots can be traced to the late 19th
century, when people could move money
around by telegrams and morse codes.
And followed by that was a cutting-edge
innovation at the time, ATMs in the 1860s
• The evolution of fintech has been gradual,
but each innovation in this area has been
distinctive and has changed the way
consumers interact with their money
History of Fintech

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• All fintech firms with the means of their apps
and digital systems have hit the right nerves of
this fast-paced generation and automated the
tedious traditional processes, providing great
ease to the customers
• Today's consumers can avoid visiting bank
branches to apply for a loan or get a mortgage.
Moreover, portfolio management has become
easy as investors can pursue their investment
options online or even take the help of
chatbots to make decisions without having to
meet a financial expert face-to-face
• Fintech has started being a part of our
conversations since the transformation of
society into a more technologically modern
one
Current Fintech Landscape

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• “Digital technology provides a low-cost way for
people in developing countries to send money
to each other, buy and sell goods, borrow and
save as long as the financial-regulation
environment is supportive.”
• Proving Gates' statement correct, the following
sectors came into action by aptly transforming
conventional financial services to today's
digital era,
• Government bodies (central banks, regulators,
wealth funds, etc.)
• Traditional financial services firms
• Tech companies offering financial services
• Firms providing technology for financial
transactions
In the Words of Bill Gates

6. Extentia, a Merkle Company | Confidential | www.extentia.com
• The evolution of fintech in India has been
extremely promising
• According to the recent KPMG Pulse of Fintech
H1'21 report, the fintech sector attracted over
$2 billion in investments in the first half of
2021. This shows that the total investment into
India's fintech sector has already crossed 90
percent of the 2020 figure
• It is maturing rapidly, and with the buoyancy in
the IPO market in 2021, fintech unicorns will
be able to tap into the strong capital market by
going public
• The amount of growth in the sector also
confirms the understanding, acknowledgment,
and acceptance of the various domains where
fintech has marked a significant difference
The Evolution of Fintech

7. Extentia, a Merkle Company | Confidential | www.extentia.com
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