Fintech

This technology is proving to be the next Big Bang to the way banks operate

The adoption of robotics allows flexibility in managing the workload

The role played by robots is increasing and expected to gain more momentum in the coming years

Fintech has significantly changed the clientele of wealth management services

Both affluent and mass market segments now have access to financial advisors

Sector attracted investments of $1.2 Bn in 2018, across 116 funding deals

Between June 2014 and June 2016, more than 1,000 startups shut down their operations due to insufficient capital

Finding the right mix of capital to give a 10X boost to their ventures’is difficult

New-age fintech solutions have emerged as a viable solution to SME's working capital conundrum

The startup plans to use the funds in strengthening its core technology

The funds will also enable the company to hire leadership

The startup aims to provide unsecured personal loans while keeping low default rates

Fintech took the top spot with $1.4 Bn raised across 121 deals in 2018

Enterprisetech took the second spot with 118 deals

There are more than 2K fintech startups in the country

The partners at Falcon Edge Capital also invested in the round

Prior to this, CreditVidya has raised $7 Mn in two rounds of funding

It is backed by Matrix Partners and Kalaari Capital

Startups expect FM to reduce the compliance burden and ease working capital blockages

Online lending platforms demand access to MUDRA like low-cost fund schemes

Funds need to be allocated towards the adoption of new technologies, say startups

The company is working on building a scalable business, Paytm CFO said

Paytm is already present in Canada and Japan

The fintech company is also in talks with US and Chinese investors

The draft policy paper seeks to minimise concentration risk in the retail payments

The rise of several payments systems has raised certain questions: RBI

RBI has suggested a competitive open environment

The move is in line to become a full-service financial player around credit biz

The company recently got approval for an NBFC license

PayU India is owned by South Africa-based Naspers

The centre will have an outlay of about INR 23 Cr

The incubator will be setup in partnership with the Tamil Nadu government

The centre will give fintech startups access to facility, technology, mentorship

WhatsApp stores data locally but also mirrors it overseas

NPCI has said that this is not enough to comply with the RBI rules

WhatsApp Pay was launched in May last year and was later discontinued