Read on to find out what he said:
ET-Insights: Your thoughts on how are FinTech’s in India powering a digital economy?
Akshay: The first phase of driving the digital economy was powered by fintech payment players and build larger penetration of digital payments, fuelled by demonetisation. The second phase which we see today is filled by fintech challenging classical banking class products like saving, lending, distribution, etc., more efficiently by building distribution efficiency, process efficiency, and more in-depth customer profiling. While in my opinion, the next phase of fintech will be in a cognitive role, which will powering India’s digital economy growth. Technologies such as artificial intelligence, machine learning will help in serving the next class of customers in a better way and building scaled operations in segments which a traditional business could not build a viable business model using technology.
ET-Insights: Top 5 trends to look out for in the FinTech space in the coming years.
Akshay:
SkyServe, a space technology and edge computing pioneer based in Bengaluru and Cupertino, has announced…
Coral bleaching is a phenomenon where corals expel the algae that live inside their tissues,…
In an era where technology is powered by constant change and innovation, the necessity for…
Roadcast, one of the leading SaaS-based logistics automation platforms in India, announces a groundbreaking partnership…
The Indian government is taking a stand against misleading online reviews with the implementation of…
In the dynamic landscape of modern workplaces, fostering an environment where employees grow professionally and…