IBS Intelligence’s Post

What’s powering India’s robust #FinancialInclusion journey? 🚀 Digital Public Infrastructure's scalability and operational efficiency plays a transformative role in expanding financial access to millions of marginalized customers. Kalpana Ajayan, Regional Head-South Asia, Women's World Banking and Harsha Bhowmik, Department Of Economic Affairs, Government Of India, write for The Economic Times Key insights: 📌 #DPI offers scalable solutions with shared utilities, bolstered by regulatory frameworks, ensuring that technology, governance, and market forces align to meet social and economic inclusion goals. 📌 DPI can improve operational efficiency for #Fintech firms by streamlining business operations, reducing complexity and time requirements. It can lower capex, transaction costs, and enhance user experiences and choices. 📌 Digital financial services utilizing DPI serve as a ramp for marginalised consumers, such as low-income women, to adopt and use a large suite of formal financial products and services, expanding their choices, and building financial and economic resilience. 📌 The unserved populations represent a significant, untapped market opportunity for fintechs to close the #GenderGap in financial services. By dismantling conventional access barriers, customized fintech solutions can empower women to save, invest, and shape their financial futures. To discover how India's DPI can deepen financial inclusion and unlock new segments for fintechs, click on the link in the comments to read the full article! Global Fintech Fest FinTech Festival India Indicus Centre for Financial Inclusion (ICFI) Indian Ministry of Finance Prasanna Lohar DigiSahamati Foundation @B.G. Mahesh

"𝐓𝐨 𝐞𝐦𝐩𝐨𝐰𝐞𝐫 𝐈𝐧𝐝𝐢𝐚’𝐬 𝐌𝐒𝐌𝐄 𝐬𝐞𝐜𝐭𝐨𝐫, 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐥𝐢𝐞𝐬 𝐢𝐧 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐢𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧" says Bhavik Vasa. Ahead of #Budget2025, he highlights the pivotal role of fintech in driving easier access to much-needed credit for MSMEs. With traditional institutions struggling to meet the demand, it's time to rely on new age technology to help these businesses thrive. As a founding member of PSL Association of India, Bhavik also advocates for reduced interest rates and preferential financing to boost consumption and fuel economic growth. Watch Bhavik’s full perspective 👇 (📹 Credit: CNBC-TV18) #MSMEFinance #FintechInnovation #GrowthForAll

Read more about DPI for financial inclusion ETBFSI https://shorturl.at/dXDDI

We are pleased to unveil our latest report, Imagining FinTech Opportunities in a $10 Trillion Economy, curated by TVS Capital Funds in collaboration with EY-Parthenon, and unveiled at the #GlobalFinTechFest.   The report outlines the immense value creation opportunities for FinTechs in India's journey to a $10 trillion economy. It explores the megatrends driving growth, the transformative role of the financial services ecosystem, and key challenges to overcome. The report also delves into interplay between 'FinTech' and 'TechFin', highlighting the importance of collaboration between entrepreneurs and incumbents to unlock the sector's full potential.   During the panel discussion, experts emphasised innovations such as ULI and the 'Finternet' as part of DPI 2.0, addressing the ongoing need for affordability and deep distribution of financial services. As FinTechs and traditional banks converge, entrepreneurs must leverage India's strong macroeconomic drivers to build scalable businesses that cater to the growing consumption class.   🔗 https://lnkd.in/dsCdkj94   Discover the future of FinTech in India. #FintechIndia #Innovation #DPI2.0 #FinancialServices #GrowthEquity

Was delighted to join the on-location ‘Looking Back Looking Forward edition of HKU FinTech - From the Scene’ at Global Fintech Fest 2024 in Mumbai, along with Prof. Douglas Arner. Prof Arner discusses how India’s model of Digital Public Infrastructure (DPI) is setting a global precedent. He notes how India established a benchmark for creating digital financial systems that drive financial inclusion and sustainable development since the India Stack, along with its leadership during its G20 presidency. Arner highlights how the effective integration of identity, payments, and data is transforming global finance.   On the domestic front, I have highlighted #fintech's impact on India's growing mass affluent segment. While the wealthy enjoy premium advisory services, many in smaller cities still receive generic products. We will need more tailored wealth management solutions to emerge, driven by AI and tech, to meet the needs of this underserved market as India's economy and wealth expands.   Watch the crisp overview video on Youtube below and subscribe to LBLF for more of such insightful shorts from Prof. Arner and team! https://lnkd.in/ev_NcDSB Calvin Titus Prospero L. Monica Jasuja Theodora Lau Prasanna Lohar Amit Goel Ronit Ghose Sharat Chandra Dr Ritesh Jain Efi Pylarinou

"I had the pleasure of participating in an insightful panel discussion on the 'Emergence of the Fintech Landscape and Sustainable Finance' at the Viksit Bharat 2047 event, organized by the Department of Management Studies, Global Academy of Technology on August 31, 2024. It was a great opportunity to engage with thought leaders and exchange perspectives on how fintech innovations and sustainable financial practices are shaping India's future. Looking forward to contributing to this dynamic sector and being part of the nation’s journey towards a sustainable and inclusive economy." #Fintech #SustainableFinance #ViksitBharat2047 #EmergingTech #FutureOfFinance #DigitalInnovation #Sustainability #InclusiveEconomy #India2047 #Leadership #FintechIndia #SustainableGrowth #PanelDiscussion #TechForGood

💡 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐢𝐧𝐠 𝐋𝐨𝐚𝐧𝐬 𝐢𝐧𝐭𝐨 𝐋𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲 𝐰𝐢𝐭𝐡 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐬𝐚𝐭𝐢𝐨𝐧 📊 India's Financial Future is being reshaped by smarter asset management 🏦 🔑 𝐔𝐧𝐥𝐨𝐜𝐤 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 – Empower Financial Institutions to Reduce Risk & Free Up Capital 📈 💰 Building 𝐒𝐭𝐫𝐨𝐧𝐠𝐞𝐫 𝐂𝐫𝐞𝐝𝐢𝐭 𝐌𝐚𝐫𝐤𝐞𝐭𝐬 for Sustainable Growth 🌱 𝐑𝐁𝐈'𝐬 latest push on loan securitisation is 𝐞𝐧𝐡𝐚𝐧𝐜𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐜𝐞 and 𝐩𝐫𝐨𝐦𝐨𝐭𝐢𝐧𝐠 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐢𝐧𝐜𝐥𝐮𝐬𝐢𝐯𝐢𝐭𝐲 across sectors. 🌍 It's not just about numbers—it's about transforming India’s financial ecosystem! 🌟 Read further to know more in this edition of 𝐅𝐢𝐧𝐭𝐞𝐜𝐡 𝐏𝐮𝐥𝐬𝐞... #Securitisation #FinancialReforms #RBIUpdates #IndiaFinance #CreditSolutions #LiquidityManagement #AssetBackedSecurities #EconomicGrowth #FinancialStability #CapitalOptimization #DebtMarketTransformation

The Inclusive Finance India Report is an annual publication of ACCESS Development Services brought together by industry experts and academicians to weave the sector progress narrative and provide an in-depth overview of the financial inclusion landscape in India. The report strives to bring forth a holistic narrative around the recent developments by covering diverse yet interrelated themes. This year’s report will cover the update of microfinance models and the banking system specially focusing on the status of Small Finance Banks & Payment Banks, along with the status and challenges in MSME financing, gender and financial inclusion, incubation of AI in financial Inclusion, digital financial inclusion system like UPI, and some specialized domains in inclusive financing such as Green and WASH financing. The official book launch will take place on December 11, 2024, during the inaugural session at the Global Inclusive Finance Summit 2024. Register Now and enjoy a 20% Discount Use coupon code: GIFS12A Register here: https://lnkd.in/fwavYrx Vipin Sharma Puja Gour Suvendu Rout Shubhendu Dash Sudipto Saha Teresa Khanna Akash Shrivastava Satyan Kumar To know more, write to us at akash@accessdev.org / satyan@accessdev.org #GlobalInclusiveFinanceSummit2024 #FinancialInclusion #Microfinance #GIFS2024

The financial services industry in India has undergone a digital transformation, leading to a surge in demand for saving and investing. With the Indian FinTech industry projected to reach $421.48 billion by 2029, mutual funds are gaining traction as a lucrative alternative to traditional investments like fixed deposits and bonds. However, despite the growth, many Indians remain unaware of the benefits of mutual funds. Barriers such as perceived risks and low liquidity contribute to this under-penetration. In one of our case studies, we delve into: 🔍 User attitudes and understanding of mutual funds 💡 Perceptions and experiences of investors 🚀 Investment journeys and habits 📊 Awareness, barriers, and risk perceptions Discover the current market opportunities and learn how to engage the untapped pool of potential investors! Download the case study - https://bit.ly/3BhHluX #MutualFunds #Fintech #Investment #FinancialLiteracy #Markelytics #mrx #mrservices #mrsolutions #mrproducts #mrpanels #datainsights #multicountrystudies #dataquality #marketanalysis #dataanalytics #globalreach #datacollection #consumerresearch #researchsolutions #businessintelligence #markettrends #globalmarkets #strategicinsights #businessgrowth #globalpanel #costeffectivesolutions #customizedresearch #insightsprovider

India ranks as the world's second-largest fintech market, boasting an incredible 87% adoption rate and conducting over 10 billion transactions. But despite these numbers, the SME space—a crucial economic engine—still lags when it comes to access to credit (only 14%). There's a staggering $530 billion credit gap to be met and tremendous potential to be tapped. Discover how innovative financing models like Progcap’s FRCL are helping reduce this gap and driving economic resilience and growth of the SME sector. #Progcap #SMEFinance #FRCL