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In India, fintech companies are giving innovative solutions to wider base of customers in a more efficient manner. As fintech companies bring lots of benefits, Indian economy is growing at a very faster pace. Traditional players are also collaborating with the fintech startups in order to reach a large base of investors & customers. Through such collaboration, they get the advantage of the latest trends & technologies. Soon India will become a global fintech hub due to large market of un-served customers, availability of large technology talent pool and favorable demographics. There are numerous benefits of fintech such as it enables better customer experience, efficient & low-cost financial services, better accessibility, and low risk.
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Future of NBFC and New Business model
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