M2P Fintech’s Post

𝗟𝗲𝘁𝘀 𝘁𝗮𝗹𝗸 𝗮𝗯𝗼𝘂𝘁 𝗜𝗻𝗱𝗶𝗮'𝘀 𝗙𝗶𝗻𝘁𝗲𝗰𝗵 𝗥𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻! India's fintech arena is undergoing a monumental transformation, driven by key trends that are reshaping the financial services industry. Here's a glimpse into the revolution of fintech industry: 1️⃣ 𝗙𝗶𝗻𝘁𝗲𝗰𝗵 𝗘𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻: India's fintech market boasts over 6,000 startups and 21 unicorns as of 2022, driving innovation and growth. 2️⃣ 𝗘𝗺𝗯𝗲𝗱𝗱𝗲𝗱 𝗙𝗶𝗻𝗮𝗻𝗰𝗲: Seamlessly integrating financial services into non-financial platforms like e-commerce and ride-sharing apps. 3️⃣ 𝗜𝗼𝗧 𝗚𝗿𝗼𝘄𝘁𝗵: Empowering devices to exchange real-time financial data for transactions and fraud detection. 4️⃣ 𝗔𝗜 & 𝗠𝗟: Automating tasks, managing client data, and delivering personalized financial insights with the power of artificial intelligence. 5️⃣ 𝗡𝗲𝗼𝗯𝗮𝗻𝗸𝘀: Digital-only banks offering online account opening, virtual cards, instant payments and budgeting tools. 6️⃣ 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗦𝘂𝗿𝗴𝗲: In 2017, UPI processed more than 100 million transactions worth INR 67 billion. By the end of 2022, this figure had surged to INR 125.95 trillion, showcasing the revolution in the payment ecosystem. 7️⃣ 𝗢𝗽𝗲𝗻 𝗕𝗮𝗻𝗸𝗶𝗻𝗴: Facilitating secure data sharing and collaboration among financial institutions, tech firms, and consumers. 8️⃣ 𝗜𝗻𝘁𝗲𝗿𝗻𝗲𝘁 & 𝗦𝗺𝗮𝗿𝘁𝗽𝗵𝗼𝗻𝗲 𝗣𝗲𝗻𝗲𝘁𝗿𝗮𝘁𝗶𝗼𝗻: With over 1 billion internet users expected by 2026, connectivity fuels financial inclusion. 9️⃣ 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗜𝗻𝗶𝘁𝗶𝗮𝘁𝗶𝘃𝗲𝘀: PMJDY, DBT, and Aadhaar drive financial inclusion and digital transformation nationwide. Embrace the fintech revolution and stay ahead of the curve! #FintechRevolution #India #Innovation #FinanceFuture

The Lending Industry is undergoing significant evolution. As competition from new entrants and fintech players intensifies, the push towards digital transformation is essential for creating new revenue streams and adhering to industry regulations. Consumers are increasingly embracing APIs to stay ahead with the latest technology and achieve operational excellence. In parallel, robust API lifecycle strategies are being implemented to ensure the longevity, efficiency, and security of lending services. This transformation has its challenges. At DigitalAPICraft, we're sharing success stories with industry leaders while tackling use cases that are both challenging and exciting. From Marketplace to Open Sandbox environments, we're enhancing Developer Experiences and access, facilitating comparisons, and driving innovation in financial services. Connect with us Damanjit Singh Dhayalan Subramanian Gishnu K Nair Yogesh R. Nishtha Gambhir, share your requirements, and let us help you build an exceptional marketplace for your APIs. #CTO #ChiefTechnologyOfficer #TechLeadership #Innovation #TechStrategy #CIO #BankingCEO #BankingDirector #BankingLeadership #FinanceIndustry #BankingStrategy #SouthAfricaCTO #SouthAfricaInnovation #KenyaCIO #KenyaITLeaders #KenyaTech #KenyaDigitalTransformation #KenyaInnovation #APIManagement #DigitalTransformation #BankingAPIs #OpenBankingAPIs #APIStrategy #roboadvisors #lendingapps #digitalLending #startupIndia #APIs2024

Sahil Anand, the Founder and Managing Partner at Cedar Capital & Cedar-IBSi FinTech Lab reveals disruptive trends in the BankTech arena in this insightful post.  Discover what's shaping the future of banking technology below 👇🏽

Hear more about the B2B #FinTech disruption that is happening. A global titan of a market we are excited to tap into. #BankTech #VentureCapital #BankingSystems

The Evolution of Fintech in India: Transforming Financial Services through Digital Innovation India's fintech landscape is rapidly evolving, revolutionizing how financial services are delivered and consumed. From mobile payments to digital lending, the integration of advanced technologies is driving unprecedented growth and innovation in the sector. Key Trends in Indian Fintech: Mobile Payments: UPI recorded over 8 billion transactions worth ₹12.98 trillion ($175 billion) in May 2024 alone. Digital Lending: The digital lending market in India is expected to reach $350 billion by 2025. AI & ML: 47% of financial services firms in India are already using AI to improve customer experience and operational efficiency. RegTech: The RegTech market is anticipated to grow at a CAGR of 23% between 2020 and 2025. Impact on Financial Services: Increased Financial Inclusion: Over 80% of Indian adults now have bank accounts, up from 53% in 2014. Enhanced Customer Experience:70% of customers prefer digital interactions for their banking needs. Operational Efficiency: Financial institutions have seen up to a 40% reduction in operational costs through automation. Data-Driven Decision Making: Banks leveraging big data analytics have reported a 20% increase in revenue. At Successive Digital, we are at the forefront of this digital transformation, helping financial institutions harness the power of technology to drive growth and innovation. For more insights on our fintech capabilities, visit (https://successive.tech/). #Fintech #DigitalTransformation #FinancialServices #Innovation #India #SuccessiveTechnologies

Unlocking Indian Enterprise Fintech Market - Demystifying the Future of Indian Enterprise Fintech Download your copy of the Report here - https://lnkd.in/dxgWS84j Unlock hidden opportunities within the booming Indian Enterprise Fintech market. Download our comprehensive report and gain valuable insights into: - Current Landscape: Understand the market size, key drivers, and disruptive innovations shaping the industry. - Future Outlook: Discover emerging trends, promising synergies, and lucrative investment opportunities. - Deep Dive: Explore key segments like BankingTech, LendingTech, PaymentsTech, and more. - Expert Insights: Learn from exclusive interviews with over 25 leading industry figures. - Actionable Strategies: Uncover successful case studies and proven strategies used by major players. Don't miss out on this essential resource! Get your copy today by clicking the link below: link - https://lnkd.in/dxgWS84j This report was brought to you by: Chiratae Ventures & The Digital Fifth Sameer Singh Jaini Shashank Shekhar Sreekant Rudrabhatla Vikrant Kulkarni Mandeep Julka, CFA #report #fintech #bankingtech #india #trends #digital #banking #wealthtech #insuretech #lendingtech

𝗪𝗵𝘆 𝗕𝗮𝗻𝗸𝗧𝗲𝗰𝗵 𝗶𝘀 𝗰𝗵𝗮𝗻𝗴𝗶𝗻𝗴? A lot of India's B2C FinTech disruption has matured, giants now exist in multiple sub-sectors, and the government is doing its best to build out a strong digital public infrastructure (DPI) that will make new B2C FinTechs think twice before establishing themselves. Banks spend millions of dollars on technology every year and are now looking to move away from traditional "spaghetti" systems that are expensive, difficult to implement, and monolithic in nature. We have been tracking the evolution of BankTech for 60+ years now and understand the whitespaces for emerging BankTechs like no other. We will back founders and players in this space who are looking to build vertical and use-case-focused software that can easily scale across the region. #FinTech #BankTech #venturecapital IBS Intelligence Cedar Capital & Cedar-IBSi FinTech Lab Subit Saurav Pallavi Bhatia Sumit Gilitwala Angleen Malik Amit Jain Nikhil Gokhale Ramkumar Venkataraman Chetan Parekh Robin Amlôt Puja Sharma

Exciting times ahead for India's FinTech sector! With a projected size of USD 143 billion by 2028, at a CAGR of 17.1%, the industry is poised for remarkable growth. Government initiatives and a surge in digital transactions are key drivers behind this momentum. Technology is revolutionizing financial services, with specialized software and algorithms playing a crucial role. Market segments like PayTech, InsurTech, LendTech, and WealthTech are addressing various aspects of financial technology, catering to payments, insurance, lending, and wealth management needs. The shift towards digital transactions, especially post-demonetization, is driving heightened demand for PayTech solutions. This underscores the pivotal role of technology in shaping the future of financial transactions in India. Join us in shaping the future of finance through innovation and technology! After all, in the world of FinTech, it's not just about making cents, but making sense of cents! 😉💸 #IndiaFinTech #FutureOfFinance 📈

Up and Close with PM Narender Modi at Global Fintech Fest 2024. Sharing my experience from the world's largest gathering of fintech innovators! 🤯 Organized by the National Payments Corporation Of India (NPCI), Payments Council of India, and the Federal Communications Commission, Global Fintech Fest brought together startups, investors, experts, bankers, and regulators from around the globe. This year's event was a game-changer, showcasing the latest innovations and shaping the future of finance. Key highlights: Keynote Speeches: 🔰 Prime Minister Narendra Modi ji emphasized India's emergence as a global fintech leader, highlighting the rapid adoption of UPI and the government's commitment to financial inclusion. 🔰 T Rabi Sankar, Deputy Governor of the RBI, stressed the importance of fintechs being mindful of social and macro-economic priorities. Launch of New Initiatives: 🔰 Bharat BillPay for Business aims to standardize and automate invoice payment processes for businesses. 🔰 UPI Circle introduces a feature that allows UPI users to delegate payments to trusted secondary users. Regulatory Updates: 🔰 SEBI announced its focus on establishing standards and infrastructure to foster innovation, including accelerating IPO processes and supporting online bond platforms. 🔰 Reserve Bank of India (RBI) and SEBI actively participated in discussions on regulatory frameworks and best practices. Awards & Recognition: 🔰 PayGlocal was named Fintech Startup of the Year. 🔰 Sameer Nigam of PhonePe was recognized as Fintech Person of the Year – India. 🔰 IndusInd Bank and L&T Finance were honoured for their contributions to payment solutions and ESG initiatives. GFF 2024 was more than just a conference; it was a platform for collaboration, learning, and shaping the future of finance. Gearing up for the next year! #GFF2024 #Fintech #Innovation #India

Had the honor of speaking at the Fintech Festival India about the exciting topic of Frictionless Customer Experience with Embedded Finance in India's Phygital Ecosystem. It was a great pleasure to share insights on how technology can enhance customer experience and streamline financial transactions. Looking forward to seeing how India's fintech industry continues to innovate and evolve! #Fintech #CustomerExperience #EmbeddedFinance #PhygitalEcosystem #India