Fintech in India – Powering a Digital Economy

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Fintech in India – Powering a Digital Economy

Fintech in India – Powering a Digital Economy

Overview

Fintech ecosystem in India has evolved significantly with a  considerable effort from financial institutions, start-ups, the government, venture capitalists and regulators to create a conducive environment of collaboration and consolidation. With KPMG in India and NASSCOM 10000 Start-ups proficiency in the fintech sector, the report offers a view of three emerging themes: open banking, artificial intelligence and blockchain, which have the potential to bring a transformation of financial services sector in India. While these themes add substantial value if implemented in silos, a concurrent adoption of the triad of themes presents a compelling case to build the next generation open frameworks. The report also explores the current landscape of technological adoption in the financial services industry and serves as a guide for financial services organisations in India to accelerate their journey in the open digital era.

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Key Findings

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