Related Fresh Findings
Fintech startups exult as RBI releases digital lending rules
The RBI published the rules following the recommendations of a working committee on digital lending, divided into those that have been accepted for immediate implementation and those that have been accepted “in-principle, but require further examination
With 50K users, fintech startup muvin is helping children, young adults gain financial independence
Teen-focussed pocket money, digital finance, and neobanking apps have been all the rage in the fintech sector over the last year. New companies are coming up every month to cater to this previously untapped target market, and the nucleus of their genesis seems to be singular: financial inclusion.
RBI rules may force fintech firms to leverage NBFC operations
The Reserve Bank of India's (RBI's) latest digital lending guidelines has stepped up pressure on new age lending businesses, forcing them to focus on their non-banking financial company (NBFC) units and book building, as the regulator gives importance to regulated entities.
Indian fintech to reach $200 Bn in revenue, to see 10x growth by 2030: Report
The Indian Fintech market is anticipated to record 10 times growth to reach $1 Tn in Assets Under Management (AUM) and $200 Bn in revenue by 2030, revealed by a study titled ‘$1 Tn India Fintech Opportunity,’ published by Chiratae Ventures in collaboration with Ernst and Young (EY). Much of the growth will be driven by the digital lending market, which is expected to grow to $515bn in book size by 2030.
Fintech Software Development: Industry Trends
The field of software development that is currently the most in-demand is financial technology, or fintech. Mostly everyone interacts with finances and transactions on a daily basis, and inventive minds may think of a lot of ways to make those interactions better. Like many other types of solutions in the contemporary world, solutions to people’s financial requirements can be provided through software.
Industry leaders doubt fintech’s profitability in next few years
Industry leaders remain sceptical about the profitability of fintech firms over the next 2-3 years, a new report from venture capital firm Matrix Partners India and Boston Consulting Group (BCG) showed. This is despite India being a ground for fintech innovation globally, with unique local innovations such as the Unified Payments Interface (UPI) railroad and homegrown RuPay card system.
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