1. ROLE OF FINTECH
IN BANKING
Made by:-
Rishabh Seth

2. 1.
INTRODUCTION

3. Financial Technology
• Retail banking is rapidly heading to a crossroads. With the Millennial population
projected to hit 78 million by 2030
• FinTech is no longer a jargon of the banking industry. Instead, it has become a
familiar term in technology in general. The Global investments in FinTech
ventures has doubled to a whopping $112 billion as compared to $51 billion last
year
• Fintech improves the health of traditional financial institutions by enhancing
performance and improving profitability.
• Fintech firms provide an opportunity to enhance loan portfolio diversification.
When you have the ability to become more granular with each customer, you are
more likely to find (and offer) consumers the exact products they need, when
they need them

4. 2.
FINTECH AND NEW
TECH

5. ✘ Machine Learning and Artificial Intelligence
✘ Users saving Decision better
✘ Automated customer service technology
✘ Leveraged to fight frauds

6. 3.
TECHNOLOGY IN
RETAIL BANKING

7. ➢ Technology and retail banking are inseparable
➢ Banks adopt different technology platforms in line with Global
Trends
➢ The implementation of core banking will directly increase the
chances of availability of customer data across products and will
increase the scope for cross selling and up selling
➢ Horizontal or vertical organized refers to whether the data is
available product wise on a stand alone basis or data is available
customer wise on a integrated basis.
➢ An integrated CRM solution will sell to the targeted customer base

8. ➢ Augmented Reality
➢ Robotic Process Automation
➢ Quantum Computing
➢ Artificial Intelligence
➢ Prescriptive Security

9. 4.
NEED OF INNOVATION
IN BANKING SECTOR

10. ● Create a culture that thrives
on it
● Innovation requires talent
● Innovation requires iterative
improvement processes

11. Technologies that are
disrupting
banking and financial
services
● AI Driven
Technology
● Hybrid Cloud
● API Platforms
● Blockchain
● Instant Payments
● Smart Machines

12. 5.
HOW FINTECH HAS
IMPACTED BANKING?

13. ✘ The rise of Fintech has changed every aspect of financial services
and banking.
✘ Loans - Opened a huge new market for market-based lending.
✘ Payment services - are made online using internet or through
smartphones, alleviating the need for merchant accounts
✘ Wealth management - The way people save money, manage assets,
and invest their capital is changing
✘ Remittance transfers - Inbound and outbound transactions simple
and affordable.
✘ Insurance services - Acquiring insurance has now become a less
complex procedure

14. CONCLUSION

15. thanks!