Setu’s Post

Not too long ago, fintech companies were a threat, now banks are joining forces to jump-start innovation! The Indian FinTech landscape is ablaze with collaborations! From instant EMI at ShopSe Digital Finance to co-branded metal cards with OneCard, #banks and #fintechs are shaking hands and rewriting the rulebook. Dive into the carousel to witness:  - Lending solutions for ONDC startups: IDFC FIRST Bank x Plotch.ai  - Building ecosystems for MSMEs: HDFC Bank x Mintoak  - Digital credit card issuance for businesses Visa x Hyperface 👉 Which Collab excites you the most?  👉 What's your bold prediction for the next big bank-fintech Collab? Share your thoughts, tag your FinTech network, and stay tuned for more insights on the evolving #fintechindia landscape!  . . . #bankingtech #bankingservices #bankingtrends #fintechtrends #fintechnews

I am excited to present my report titled “Neobanks - the Next Fintech Revolution“, under the guidance of Puneet Gupta, our Fintech professor at Institute of Management Technology, Ghaziabad. With rapid digitisation of the Indian economy, the banking sector is undergoing a Fintech revolution. This has brought in a new type of player in the Fintech space called "Neobanks" which solely operate digitally and has created a strong presence in the industry by targeting the underbanked population and providing innovative digital banking services to their consumers. My report elaborates on the functions and positioning of Neobanks in the current scenario amidst regulatory challenges faced by players in this industry. #fintech #fintechinnovation #neobanks #digitalbanks

Here's a possible LinkedIn post: "Neobanking Revolution in India: Transforming the Future of Banking! India is witnessing a neobanking revolution, with innovative fintech companies changing the way we bank. Let's explore some practical examples: 1. Digital-First Approach: - Neobanks like Paytm Payments Bank and Airtel Payments Bank offer mobile-only banking experiences, with features like real-time spending updates and instant transfers. 2. Personalized Services: - Neobanks like ICICI Bank's iMobile Pay and HDFC Bank's PayZapp use data and AI to offer personalized financial advice, tailored to individual needs and spending habits. 3. Customer-Centric: - Neobanks like Kotak Mahindra Bank's 811 and RBL Bank's The SuperCard offer real-time support and flexible services, like overdraft protection and bill tracking. 4. Inclusive Banking: - Neobanks like Open and RazorpayX offer services to underserved populations, like microloans and digital wallets. 5. Security and Trust: - Neobanks like Axis Bank's Axis ASAP and IDFC Bank's IDFC FIRST Bank prioritize security and transparency, using cutting-edge tech to protect customer data. Practical examples of neobanking in action: - Neobanking platforms: Fintech companies like ZestMoney and EarlySalary offer digital lending platforms for underserved populations. - Mobile-only banks: Paytm Payments Bank's mobile app offers real-time spending updates, instant transfers, and personalized financial advice. - Digital wallets: Airtel Payments Bank's digital wallet enables seamless online and offline payments, with features like facial recognition and biometric authentication. The neobanking revolution in India will continue to transform the future of banking, with a focus on innovation, customer experience, and financial inclusion Share your thoughts on the neobanking revolution in India and its practical applications. #Neobanking #Fintech #DigitalBanking #FinancialInclusion"

📈 India's digital payment market is booming! & Valued at 77 lakh crore, and growing at 23% annually. The future of payments is here, and it's time to go digital! #DigitalIndia #idreambiz #FintechRevolution  #UPI #idreambiz  #growthmindset #godigital #digitalindia #fintechnews #fintechfactoftheday #facts #instadaily #fyp #FutureOfPayments Fintech

Within a split second of your payment journey we do a lot to ensure your payment is safe and secure. Explore our #Wibmo Protect platform features on how we secure your online transactions.

An entity to verify digital lending apps and maintain a public register? We say, Tell us MORE! We’re back with another edition of Friday Fintech Focus, and this time, it’s all about DIGITA [Digital India Trust Agent]. In an attempt to regain consumer trust while ensuring that illegal lending activity is prevented, The Reserve Bank of India is considering establishing a Digital India Trust Agent to stop the mushrooming of illegal lending apps. Take a look at its need and purpose below. Swipe Left #verification #lending #credit #KYC  #banking #payment #checkout #BuildWithDecentro #FintechFocusFriday #fintech

On Tuesday, April 16, 2024, with an estimated budget of Rs.100 Cr Aditya Birla Capital Limited launched its ABCD fintech app for its D2C platform, under Aditya Birla Capital Digital Limited (ABCDL). ABCDL which has launched ABCD mobile application is a subsidiary firm under Aditya Birla Capital Limited. Read the Article Here: https://lnkd.in/gTudVy_P . . . . #Aditya #AdityaBirlaGroup #ABCDAppLaunched #Fintech #today #ABCDApp #D2Cplatform #dailynews #latestnews #newscoverage #dailynewsupdate #dailylatestnews #breakingnews #newsworthy #dailyupdate #latest #newsoftheday #newsalert #NewsHeadlines

Bill Gates once said, "We need banking but we don't need banks" The rise of neo-banks is shaking up the traditional banking sector. With the neo-banking market expected to surpass $333 billion by 2026, it's clear that digital-first finance is here to stay. Freo, Fi, Jupiter, Instantpay, Mahila Money, Niyo Solutions Inc., RazorpayX, ZikZuk are some of the top trending Neo-banks in India. Neo-banks operate solely online, offering banking services through apps and digital platforms. They're gaining popularity for their convenience and personalized offerings. Traditional banks must now embrace innovation to remain competitive in this evolving landscape. But as a coin has two sides, there are definitely cons to this concept as well as pros. Do you think the future of banking is being shaped by neo-banks? #digitalbanking #neobanking #neobank #banking

Banks vs. Fintech Startups: Transforming India’s Financial Landscape in 2024 The financial sector in India continues to evolve at a rapid pace, with traditional banks and tech-driven fintech startups reshaping how consumers engage with financial services. By early 2024, India’s fintech ecosystem has expanded significantly, with over 2,500 fintech startups driving innovation across payments, lending, wealth management, and neobanking. The market size is projected to surpass $200 billion by 2025, reflecting the deep integration of technology into finance. Consumer behavior is shifting toward digital-first experiences. In 2024, over 80% of banking customers in urban India have adopted digital payments, with UPI transactions surpassing 9 billion per month. The surge in AI-powered financial tools and blockchain solutions is revolutionizing how people manage their finances. Digital lending is forecasted to reach $400 billion by the end of 2024, as consumers increasingly prefer instant, app-based solutions over traditional loans. Meanwhile, traditional banks are rapidly modernizing to keep pace. Major players like ICICI Bank and HDFC Bank are heavily investing in digital infrastructure, integrating AI and machine learning to enhance personalization and improve customer service. By 2024, 90% of leading Indian banks have rolled out comprehensive digital banking platforms, while nearly 70% of banks are actively collaborating with fintech firms to offer cutting-edge solutions like blockchain-powered remittances and AI-driven credit assessments. Looking forward, the financial landscape in India will likely see deeper collaboration between banks and fintechs. The synergy between the agility of fintechs and the trust and stability of established banks is setting the stage for a highly integrated, tech-driven future. Consumers will continue to benefit from this wave of innovation, with financial services becoming more accessible, efficient, and tailored to individual needs. #Fintech2024 #DigitalBanking #BanksVsFintech #UPIRevolution #AIinFinance #TechInnovation #IndianFintech #FinancialServices #FintechBoom #Blockchain #DigitalTransformation #IndianBanking #Neobanking #WealthTech #FintechEcosystem #FutureOfFinance #FintechStartups #IndiaEconomy #CollaborationInFinance #FinancialInclusion #InnovationInFinance #AITransformation #InvestInIndia

India's digital lending landscape is gearing for a $720 billion leap by 2030! Fintech leaders like PhonePe & Groww prep to dive in, aiming to streamline consumer lending. For more information, visit the link below: https://lnkd.in/gu8NVEKQ #Fintech #business #businessnews #businessinternationalnews #internationalnews #India #Indianews