India’s fintech revolution is driven by a unique convergence of factors—world-class digital infrastructure, an expansive yet underbanked population, affordable data plans, and widespread smartphone penetration.

These elements have created a fertile ground for innovation, making India one of the fastest-growing fintech hubs globally.

However, the industry operates in a dynamic environment marked by regulatory complexities, heightened scrutiny from stakeholders, and increasing cybersecurity threats.

Navigating these challenges is crucial for long-term resilience and growth.

At Grant Thornton Bharat, our fintech expertise helps you navigate this complex landscape, driving innovation and growth for your business.

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Union Budget 2026 webinar

A detailed discussion on Union Budget 2026 announcements and their relevance for businesses and India’s economic landscape.

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Distinguished approach and methodology

We employ our proven approach in process reviews, tech risk management, and third-party audits for Indian financial services clients.

Collaborative approach

The team regularly collaborates with the regulators on regulatory and compliance aspects and also actively participates in their discussions and workshops.

State-of-the-art tools

We have a regulatory registers repository for financial services and in-house benchmarking capturing global fintech practices.

Financial independence and readiness index

Financial independence and readiness index

Our survey uncovers how India plans, saves and invests across diverse financial journeys.

    Our solutions

    We specialise in providing solutions under different models (specialised reviews, managed services and retainership) around risk management which includes quantitative, qualitative, and governance solutions in the areas of internal control and financial controls.

    Our offerings encompass a wide spectrum of comprehensive governance solutions, incorporating internal audits, process reviews, ICOFR/IFC development and assessments, SOX audits, SOP development, as well as specialised risk management reviews focusing on ERM and model validation.

    Our expertise, strong ties with regulatory bodies and extensive work done on regulatory frameworks and guidelines can help your organisation in improving the compliance culture. As part of the compliance solution, we help in assessing risks, implementing programmes, monitoring activities and offer two key value additions in the form of benchmarking and regulatory insights.

    Delivering finance-related services and transformative change, we specialise in enterprise performance management (EPM) solutions, encompassing planning, budgeting, and consolidation. Our expertise extends to cost optimisation services. Additionally, we provide EUC solutions, emphasising governance and remediation for a comprehensive approach.

    As industries undergo significant market shifts, organisations pursuing large-scale transformations prioritise success through a transformative approach. Emphasising clear vision, integrated strategies, and value-centric execution, our transformation office provides a comprehensive framework from initial strategy development to seamless technology implementation.

    We harness extensive expertise in both domain and technology to support validation of data and processes/workflows through a combination of data validations, functional, regression and UAT.

    We enable the organisations to identify if the root cause for heightened delinquency in a product portfolio is business reasons or fraud related elements.

    We help the early stage / mature fintechs in reviewing their existing anti-fraud controls to ascertain their efficacy in identifying and combating black-swan events.

    Grant Thornton Bharat, in collaboration with FACE, is back with the Fintech Barometer Survey 2025

    Share your response on the key risks, challenges, and opportunities in the fintech industry.

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    ISO27001:2022 ISMS Implementation

    ISO27001:2022 ISMS Implementation

    1.
    Problem Statement
    Implementing a robust ISMS program to achieve ISO27001:2022 certification, protecting information assets and ensuring regulatory compliance.
    2.
    Our Solution
    Defined and published ISMS policy and framework, conducted gap assessment, risk assessment, awareness sessions, internal audit, and external audit support.
    3.
    Impact
    Achieved ISO27001:2022 certification, published gap analysis report, risk register, internal audit findings, and ensured comprehensive documentation.
    Global Oracle Fusion ERP Rollout for fintech Firm Pine Labs

    Global Oracle Fusion ERP Rollout for fintech Firm Pine Labs

    1.
    Problem Statement
    Pine Labs, a USD 5.5 billion fintech firm, faced challenges managing disparate accounting systems and manual financial consolidation across 6 countries and 10 entities.
    2.
    Our Solution
    We implemented Oracle Fusion ERP, standardising processes and harmonising financial reporting across countries and entities.
    3.
    Impact
    Enabled process standardisation, ease of financial reporting, and local statutory reporting. Deployed in record time, the solution is scalable for future acquisitions and expansions.
    Oracle Fusion ERP and SCM Implementation for Lightstorm

    Oracle Fusion ERP and SCM Implementation for Lightstorm

    1.
    Problem Statement
    Lightstorm, a hyperscale networking infrastructure provider, faced challenges in local regulatory reporting, taxation, and inventory management.
    2.
    Our Solution
    Grant Thornton implemented Oracle Fusion ERP for two legal entities, streamlining processes and enabling seamless reporting.
    3.
    Impact
    Rationalised Chart of Accounts, streamlined inventory movement and procurement, and ensured data retention, security, and access control.
    Governance and Compliance posture review

    Governance and Compliance posture review

    1.
    Problem Statement
    A rapidly expanding fintech firm in B2B lending acquired an NBFC to enhance its lending capabilities. Facing swift growth and complex RBI regulations, the company needed an evaluation of its compliance and governance.
    2.
    Our Solution
    The firm undertook a meticulous review, including process walkthroughs, regulatory mapping, analysis of managerial roles, and scrutiny of intra-group transactions.
    3.
    Impact
    The evaluation yielded a risk-assessed report with timely remediation recommendations, a compliance risk framework, and a governance checklist tailored to the entity's scale and risk profile.
    Process and Control Review

    Process and Control Review

    1.
    Problem Statement
    The objective was to critically examine the efficiency and effectiveness of the current systems, identifying areas of shortfall and recommending practical improvements.
    2.
    Our Solution
    Our approach encompassed verifying customer data, conducting due diligence, and ensuring compliance with Know Your Customer (KYC) standards through document reviews and risk assessment of loan applicants.
    3.
    Impact
    The outcome was a comprehensive adherence to regulations and process optimisation, reflecting industry best practices. We delivered detailed reports on process evaluations, identified gaps, and associated risks, offering improvement...

      Our insights

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      Grant Thornton Bharat Financial Services Dealtracker Q3 2025 report highlighting India’s financial sector deal trends
      Thought leadership Financial Services Dealtracker: Q3 2025
      The Q3 2025 edition of Grant Thornton Bharat’s Financial Services Dealtracker analyses key deal trends across M&A, PE, IPOs, and QIPs. It explores investor sentiment, fintech-led innovation, and regulatory signals influencing capital flows in banking, NBFCs, insurance, and asset management.
      16 Oct 2025
      Guardrails for responsible AI in India’s financial sector
      Thought leadership Guardrails for responsible AI in India’s financial sector
      India’s financial sector is entering a new phase of AI governance. With RBI’s FREE-AI framework and SEBI’s responsible AI approach, regulators are shaping a future where innovation meets accountability. This piece explores how policy, technology, and ethics are converging to create a responsible AI ecosystem across banking, capital markets, and insurance.
      14 Oct 2025
      Bill payments: Global trends, digital platforms and innovations
      Thought leadership Bill payments: Global trends, digital platforms and innovations
      In an era of rapid digital transformation, bill payments systems are emerging as critical infrastructure for inclusive financial ecosystems. India’s Bharat Connect—developed under NPCI’s guidance—exemplifies a secure, scalable, and interoperable solution that simplifies online bill payments and enhances consumer convenience.
      28 Jul 2025
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        Our leaders

        Dharmender Jhamb
        Dharmender Jhamb
        Partner and Fintech Industry Leader
        Noida
        View full profile
        Rohan Lakhaiyar
        Rohan Lakhaiyar
        Partner, Financial Services - Risk
        Noida
        View full profile
        Vernon Dcosta
        Vernon Dcosta
        Partner and Banking Industry Leader
        Mumbai
        View full profile

          Our resources

          Digitising municipal payments collection

          Digitising municipal payments collection

          Optimising revenue collection through automation

          AI-based merchant acquisition platform

          AI-based merchant acquisition platform

          A strategic AI-based platform to identify and onboard offline merchants in underserved Indian markets, boosting digital payment adoption.

          Empowering decision-makers

          Empowering decision-makers

          Enhancing Draft Red Herring Prospectus & Qualified Institutional Placement with in-depth industry agnostic research

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            Toolkit for prevention of financial frauds via Calls & SMS

            Access RBI’s regulatory guidelines, key safeguards, and our expert services to help you detect, prevent, and respond to fraud attempts via calls and SMS.

            1440x658 digi natives

            Digital Natives

            Unlock growth with Grant Thornton Bharat's Digital Natives solutions. Customised support for tech-driven companies in healthcare, gaming, and more.