Thought leadership

Navigating Fintechs

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India is a host to a thriving fintech ecosystem and are transforming the way financial services are delivered and consumed within the country. Unlike consumer technology companies, which have created new businesses such as e-commerce, social media platforms, marketplace platforms, among others, fintechs have been innovating the way existing financial products and services are delivered through digital channels.

Fintechs have come a long way in a very short period and are fast gaining systemic importance. As they gain prominence and scale, regulatory oversight will proportionately continue to increase. Regulators on the financial services sectors expect entrants to play the long-term game. While for fintech start-ups, speed is of essence, in financial services, they will have a better chance of succeeding if equal importance is given to corporate governance, market conduct, risk management and regulatory compliance practices.