1. FINTECH

2. FINTECH
NPCI
SCOPE
CONCLUSION

3. FINTECH

4. HISTORY

5. NPCI

6. SERVICES

8. INTRODUCTION
Financial Technology, nowadays
better known under the term
'fintech', describes a business that
aims at providing financial services
by making use of software and
modern technology.

9. Fintech.1.0 (1886-1967) is about infrastructure
•Financial globalization
•First time rapid transmission of
financial information
•The key events on this timeline include
first transatlantic cable (1866)
fed wire in the USA (1918)
•The 1950s brought us credit cards

10. Fintech 2.0 (1967-2008) is about banks
•It was the launch of the first handheld calculator.
In 1967 -the first ATM.
•The world’s 1st digital stock exchange.
•In 1973, SWIFT (Society For Worldwide Interbank
Financial Telecommunications)
•The 1980s- bank mainframe
computers and online banking1990s
•1990s with the Internet and e-commerce business models
•2008- fully digitized.

11. Fintech 3.0 (2008-Current) is about start-ups
• This era is marked by the emergence of new players alongside
the already existing ones (such as banks).
•The release of Bit coin v0.1 in 2009.
•2011-Google Wallet.
•Apple pay in 2014.

12. NPCI INTRODUCTION
• An initiative of Reserve Bank of India (RBI) and
Indian Banks’ Association (IBA), for creating a
robust Payment & Settlement Infrastructure in
India.
• “Not for Profit”
• Provide infrastructure to the entire Banking
system in India for physical as well as electronic
payment and settlement systems.

18. FINTECH VS TRADITIONAL BANKING
PARAMETERS TRADITIONAL BANKS FINTECH PRODUCTS
PURPOSE As regulated bodies the core goal is management of
risks involved with Lending & Deposit or any transactions
FinTech products are ideally created to fill
the gaps between traditional banks &
customers experience
PERSONALISATION Main focus is always on deposits, credit/lending based on
trust, credit scores & security
Focuses on mobile functionality,
accessibility, agility, cloud computing and
convenience
COMMUNICATION PATTERN Traditional banking is understandable for everyone, because it
includes human interaction easy and simple.
Enhanced Customer Experience
promulgates faster transactions, 24x7
permanent access, immediate consultation
and security
POTENTIAL COVERAGE Physical distribution of traditional banks is less which gives
FinTech an uncanny advantage over it
Market distribution of FinTech is higher due
to higher penetration of mobile phone
connectivity eg.- In India mobile penetration
is at 80% in comparison to Bank's 35%
distribution
TAT LOAN PROCESSING Average time to process loan earlier- 28 days Average time
taken online- 1 day
Average Time taken to process loans- 5-10 mins

20. INDIA IS WORLD’S 2ND BIGGEST FINTECH HUB WITH 2,035 STARTUPS

21. Mumbai and Bangalore lead the
momentum in FinTech and together, these
cities represent 42% of the startup
headquarters. Apart from the top five
FinTech destinations including Mumbai,
Bangalore, New Delhi, Gurugram, and
Hyderabad, the rest of India accounts for
738 FinTech startups
INDIA FINTECH LANDSCAPE:
A BREAKDOWN OF 2035 STARTUPS

22. Scope of FinTech Services in INDIA
• India has a large market for financial service
technology startups – 40% of the population
are currently not connected to banks and
87% of payments are made in cash.
• With mobile phone it is expected to increase
to 85-90% in 2020 from 65-75% currently the
growth potential for fintech in India.
• 90% of small businesses are not linked to
formal financial institutions

23. CONCLUSION:
●Future of Fintech industry looks shinning and growing rapidly on the back of rise of start-ups in Fintech
industry,
●Increase in smart phone users, continuous build-up of the digital infrastructure and over all streaming of
financial process in many industries.
●“The FinTech market in India was valued at Rs 1,920.16 billion in 2019 and is expected to reach Rs
6,207.41 billion by 2025.
●In covid fintech companies with the help of UPI and BHIM has attracted millions of Indians to do online
banking transaction.
●So Fintech is key solution which contributes in countries economy and helps to generate new employment
opportunities for it’s citizens.

24. GROUP: 3