India Fintech Forum Blog
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The India FinTech Forum is a non-profit initiative that offers a platform for fintech companies to collaborate and voice their opinions on the relevant policy issues. Many fintech companies and individuals who are members of this forum, are dedicated to enhancing the ecosystem to ensure that India leads the global fintech innovation wave. Go through their blog and know about membership,..
India Fintech Forum Blog
2M ago
Money20/20, the world’s leading fintech show and the place where money does business, announces that over 120 speakers are confirmed and will be taking the stage at Money20/20 ASIA, held at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on April 23-25th.
Money20/20 ASIA’s three themes—Integration, Virtualisation, and Eastward Expansion—explore the future of finance, celebrating innovation in Southeast Asia. With four incredible stages and speakers from 15 APAC countries, the show invites exploration of trends, success stories, and investment strategies.
Money20/20 ASIA brings ..read more
India Fintech Forum Blog
7M ago
India’s longest running fintech conference India FinTech Forum’s IFTA spotlights 24 high potential fintech startups for the annual fintech awards
1250+ applications received from countries like Australia, Hungary, Netherlands, Singapore, US and UK in addition to India
Shortlisted fintechs to be evaluated for IFTA awards by a jury across 12+ categories
Jury will pick winners based on several parameters like business impact, scalability, traction, market potential etc.
Winners to be announced at IFTA 2023, which is scheduled for 1st Nov in Mumbai
The event will see top of the line i ..read more
India Fintech Forum Blog
1y ago
India is one of the top countries by percentage of population owning a smartphone. Indeed, the numbers are quite staggering: about 45% of the population is using smartphones in everyday life.
The fintech revolution is likely to spur digital lending in India, which is expected to surpass traditional avenues of lending by 2030. This will be driven by deeper inroads being made in the unsecured small-ticket size segment and the secured collateral- based high-ticket size market, according to the latest white paper Fintech-led Digital Lending: Coming of Age by Experian India.
Also, According to Home ..read more
India Fintech Forum Blog
1y ago
The Rise of Retail Loans
The Indian lending market grew to 174.3 lakh crore in March 2022, up by 11.1% in March 2021, driven primarily by high value commercial and retail lending. Over the last few years, individuals have turned to various non-banking financial companies (NBFCs), fintechs and their digital lending platforms for faster credit, as compared to banks. These lenders have shown a preference for a large number of retail loans since these have a smaller risk of default as compared to high-value corporate loans. Pay cuts/ layoffs during the pandemic and the post-pandemic rising cost of ..read more
India Fintech Forum Blog
1y ago
October is a great time to be in India because it is the start of the festive season.
Indian consumers have expressed a strong desire to buy more discretionary products during the festive season while coming out of the pandemic, according to Deloitte’s Global State of Consumer Tracker.
‘Buy Now, Pay Later’ (BNPL), Digital credit line and e-wallet offerings appear to be the rage this festive season, with several e-commerce sites, banks, and merchants offering such deals. Even without a credit history, a substantial number of borrowers can now take advantage of BNPL’s short-term credit. Many of ..read more
India Fintech Forum Blog
1y ago
Congratulations to each and every contributor to the fintech sector for outstanding performance in the first quarter of 2022. The industry did exceedingly well globally with a stunning 182% boost in growth. But this outstanding success also brings its own set of challenges, and the biggest among them is the talent shortage that the industry is predicted to face. As per The Fintech Times (Fintech Times article), the global tech talent shortage could reach an unrealistic output of $449.70 billion by 2030. It also suggests that Baltic countries could be the answer to this shortage.
This suggestio ..read more
India Fintech Forum Blog
2y ago
Over the last few years between a scary health pandemic, ongoing wars, and rising oil prices, the world has become a smaller place to live in. We’ve all strived to adapt our lives to the digital world. As a result, organisations had to evolve and adapt to fit in this new way of working. Customer-centric insurtechs have phased out the conventional practices in favour of new and innovative ways to stay ahead of the market in anticipation of future customer needs. What’s more intriguing is that these new-age digital thinkers have not only put on a remarkable show in these uncertain times, but the ..read more
India Fintech Forum Blog
3y ago
In this conversation with Mr. Varun Dua, CEO and MD at ACKO General Insurance, he discusses his journey in Insurtech in India. ACKO is the pioneer of digital-native general insurance in India. ACKO has unlocked many opportunities in unexplored India’s insurance sector.
The key highlights of the discussion are:
Addressing the gap
According to Mr. Dua, even digitally-native consumers currently lack experience in the financial services area. It is this gap that Acko is trying to bridge in the insurtech sector.
Economical product
At present, the traditional models include heavy expen ..read more
India Fintech Forum Blog
3y ago
In India, the citizens have not fully explored insurance. As per Government and industry analysis, 75% of the Indian population doesn’t have any kind of insurance. Awareness and also reach, being a loophole in the insurance products being offered is the strong catch point for what is evolving rapidly now. Insurtech in India has created a drastic change in the way people access insurance products.
Technology steps in here. It makes the services reachable and educates the untapped customers through seamless customer experience.
Insurtech is a combination of insurance and technology along with a ..read more
India Fintech Forum Blog
3y ago
The FinTech industry has gone through swings in the pandemic. Yet there have been updates and news coming up related to FinTech which have showcased that the efforts, innovation and spirit to fight never went down. Some of the fintech news related to funding, acquisitions and new launches were witnessed in the past week which have been briefed down in shots to honour the FinTech players.
FinTechScoop01
Insurtech startup Finsall raises Rs 2.4 crore in seed round.
It has raised Rs 2.4 crore in a seed round from Unicorn India Ventures. The other participants were SEA Fund and angel investors like ..read more