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

1. “Fintech is not only an Enabler but the driving force”
Jharna Basumatary
Inu Ngomdir
Namrata Chettri

2. ‘Fintech’
is a
“concept of digitalizing the financial services”
• In 2018, India ranked 2nd Globally in the Fintech
Adoption Rate
• India overtook China as Asia’s Top FinTech funding
target market with investments of USD 286 million
across 29 deals
Lending
Stock & Trading
Insurance
Wealth
Management
Payment
Processing
Users
Banks &
Financial
Institutions

3. 1950s
1960
1970s 2010s1990s
1980s 2000s
2019s
1st Universal
Credit card
World’s 1st ATM
Installation
NASDAQ introduces
electronic trading
Paypal
Online Tele-banking
introduction in Britain
1st Online brokerage
services
1st Online Banking
Website in UK
Bitcoin v.01
created
Google Pay send
launches
Alibaba
“ Smile to Pay”
Fintech Apps gained
Wide Popularity
Digital –
only Banks
Evolution of Modern FINTECH

4. Indian Fintech Companies
Lending & Banking Payment Processing Insurance Taxes ,Trading and Wealth

5. Fintech
Companies
Practices

6. Digital Payments
The Indian payments sector is in the midst of rapid innovation
Average monthly digital transactions crossed a Billion in 2017

7. Wide acceptance by small co-operative and RRBs (Regional Rural
Banks) in India.
Shivalik Cooperative Bank in India has adopted the Bank in a Box
solution from FiS India
Bank in a Box

8. P2P Lending
Innovative model for transferring credit risk
Key areas of customer friction

9. Financial Inclusion
Creates an Ecosystem where people get
opportunities to use financial instruments in
their daily lives and banks make best use of
the spread of fintech and non-financial firms
operating in these inaccessible areas.
Globally banking sector is grappling with the dearth of financial inclusion in rural areas.

10. Blockchain
• Initiating and verifying transactions in a
distributed environment.
• Introduction of other Distributed Ledger
Technologies (DLT)
• Zebpay Blockchain Lab
• Zone Startups, BitStreet and Block Chain
University hosted ‘HackCoin Mumbai’.
• Evolution of Asset Management and
Financial Advice
• In India, booming in Retail Investing space
• The services offered range from mutual
funds, portfolio allocation, insurance plan
selection to pension fund selection
Scripbox, Arthyantra, Fundsindia and
5nuance raised INR 150 crore reflect the
rising interest of private equity investors in
this market
Robo-Advisory

11. Security and Bio-metrics
• In the wake of growing cyber-attacks against the banking industry, financial
institutions are becoming even more vulnerable than any other industry globally.
ebankIT, a fintech company based in Portugal came out with an solution around a
visual and voice recognition system.
• Leverage new technologies to improve the banking customer experience
• Banks in India are also leveraging biometric technology for faster loan approvals

12. Fintech Partnerships

13. Thanking You