2. How big is FinTech?
* Source-
CBINSIGHTS
• FinTech companies leverage technology and innovation to drive improvement in financial services. Globally
there are thousands of FinTech companies and the count continues to grow throughout the world.
* Source-
CBINSIGHTS
4. WHAT IS DRIVING
FINTECH GROWTH?
FinTech Players
• First Principle Thinking
• Focus on customer experience
• Technology and AI driven innovation
• Newer data sources
• Financial inclusion
• Faster execution
• Collaboration and not competition
Consumer
• Need banking and not banks
• Adoption of technology and smart phones
• Growing aspirations and needs
• Willingness to share data
Government
• Focus on digitization and cashless
economy
• Favorable regulatory environment
• Open banking
• Credit bureaus and reporting
• Banking made available to more people
5. Data Used by FinTech Players (as applicable in geography)
❑ Demographics
❑ Financial
❑ Transactional
❑ SMS
❑ Device and Apps
❑Geographic
❑Bureau
❑Social
❑ Channel Partners and Third Party
❑ Public Records
❑ Others
6. Which BigTech Companies have Entered or Entering FinTech Market?
❑Google
❑Apple
❑Facebook
❑Amazon
❑Microsoft
❑Baidu
❑Alibaba
❑Tencent
❑Truecaller
❑….
❑….
❑….