Fintech have tailored to meet the demand of SMBs | Indian News | Business And Economy | Tech News
#FinTech #Covid19 #SMB
Fin-Tech is key enabler for SMB
As the nation recovers from the impact of the COVID-19 pandemic ,Fintech are reinventing to introduce digitally-driven business models, with this SMBs can leverage them to stay ahead of the curve. A report states, 30 percent of all small business owners reported that they’ve had to dip into their personal financial resources to support their businesses since the pandemic began. Eighteen percent of them have had to cut their full-time staff, and 15 percent have lowered their workers’ salaries. The most recent evidence of the damage caused by the pandemic. Historically, access to credit for SMBs has been limited, as entrepreneurs try to build up a credit record to access available capital. With the emergence of the FinTech era is helping to break that cycle, enabling innovation in financial services to help SMBs flourish.
The new age fintech companies well understands the changing customer preferences. The digital evolution of the connected world will be critical in commercials payments and beyond. Looking at how quickly the entire world changed during the last 12 months – with new business models, new shopping methods and new payments plays exploding on the scene – there has been an unprecedented need for agility for corporate players looking to thrive in a constantly changing market. It will be a challenging time for businesses of all sizes, but the necessary change will ultimately create a stronger playing field. “I think that in order for the economy to accelerate at this pace, it needs to break out of some of the traditional ways of thinking about commercial payments. Going forward, Embedded finance is the next wave of lending that is likely to drive expeditious adoption and democratization of fintech in India and other growing economies.
Today's Headline in New.
Fintech have tailored to meet the demand of SMBs | Indian News | Business And Economy | Tech News
#FinTech #Covid19 #SMB
Fin-Tech is key enabler for SMB
As the nation recovers from the impact of the COVID-19 pandemic ,Fintech are reinventing to introduce digitally-driven business models, with this SMBs can leverage them to stay ahead of the curve. A report states, 30 percent of all small business owners reported that they’ve had to dip into their personal financial resources to support their businesses since the pandemic began. Eighteen percent of them have had to cut their full-time staff, and 15 percent have lowered their workers’ salaries. The most recent evidence of the damage caused by the pandemic. Historically, access to credit for SMBs has been limited, as entrepreneurs try to build up a credit record to access available capital. With the emergence of the FinTech era is helping to break that cycle, enabling innovation in financial services to help SMBs flourish.
The new age fintech companies well understands the changing customer preferences. The digital evolution of the connected world will be critical in commercials payments and beyond. Looking at how quickly the entire world changed during the last 12 months – with new business models, new shopping methods and new payments plays exploding on the scene – there has been an unprecedented need for agility for corporate players looking to thrive in a constantly changing market. It will be a challenging time for businesses of all sizes, but the necessary change will ultimately create a stronger playing field. “I think that in order for the economy to accelerate at this pace, it needs to break out of some of the traditional ways of thinking about commercial payments. Going forward, Embedded finance is the next wave of lending that is likely to drive expeditious adoption and democratization of fintech in India and other growing economies.
Today's Headline in New
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भारत आज विश्व के Fastest Growing FinTech Markets में से एक है।
FinTech में भारत की ताकत GIFT IFSC के विजन से जुड़ी हुई हैं, जिसके कारण ये स्थान FinTech का एक उभरता हुआ केंद्र बन रहा है।
- पीएम @narendramodi
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भारत आज विश्व के Fastest Growing FinTech Markets में से एक है | PM Modi | FinTech
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Col A K Nath at EIITF 2015, KolKata
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Odisha to play the key role in achieving $ 5 Trillion economy
#Odisha #aluminium #economy
Odisha to play role in boosting the economy
Bauxite is the ore from which aluminium is produced. Aluminium is a strategic metal for the country and is quite critical for all the key sectors that will aid in India becoming a $5 trillion economy — right from building and infrastructure to aerospace, electrical distribution and more. There is need for a holistic approach must be adopted for utilisation of India’s abundant bauxite resources and curbing unnecessary imports of this abundant ore. India is ranked fourth in the world in terms of bauxite reserves and has high quality metallurgical grade bauxite deposits with close to four billion tonne reserves. However, these abundant bauxite deposits are largely untapped, and the country is yet to leverage this natural wealth for economic growth and development.
At the same time, there have been continued imports of bauxite to meet the domestic need of existing and newly established industries. The country continues to heavily import bauxite for its industrial needs causing an estimated forex loss of over $571 million in the last six years alone, whereas Odisha has enormous potential to emerge as a manufacture of the base metal, India is in a unique position to leverage and become a manufacturing nation. However, there are certain regulatory challenges that the sector faces that need to be addressed to ensure that odisha plays a major role in contributing to a self-reliant India, yes there is a potential which is well placed. Sources said, Indian manufactures can import from neighbouring country Thailand but they found difficult to get from inside India, it is need to be addressed by the regulatory .India continues to import aluminium and aluminium scrap thanks to a low import duty. The concern is on, Indian aluminium one of the most expensive metals thereby discouraging manufacturers to source from Ind
Technology video | 140 views
Students का B.Tech-M.Tech से मोह भंग | B.Tech, M.Tech नामांकन में बड़ी गिरावट |
बदलते वक्त के साथ ना सिर्फ लोगों के जीना का तरीका बदला है...बल्कि शिक्षा में भी बदलाव हुआ है...जिससे अब छात्र अब उच्च शिक्षा से ज्यादा उन विषयों की पढ़ाई कर रहे हैं...जिससे कम समय में नौकरी मिल सके...और यही वजह है कि...अब बीटेक और एमटेक जैसे कोर्स की वेल्यू बेहद कम रह गई है...जीहां अखिल भारतीय उच्चतर शिक्षा सर्वेक्षण की रिपोर्ट शिक्षा के बदलते स्तर की कहानी को बयां करती है
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#GigEconomy #Fintech
Gig economy & Fintech to coexist
Gig platforms are challenged by meeting local payment dynamics, regulations, and compliance. Digital experiences will be integral to in-person dining, from the moment an order is placed to the minute the check is paid, and consumers are ready to embrace the change. The growth of the gig economy and fintech go hand in hand and the Fintechs and other providers are enabling new work models and payment options, which is fuelling growth in the gig economy in terms of participation, productivity and attraction of new entrants. A report shows, among Gen Z and Millennial respondents (ages 18-34), 57% said they would prefer to order and pay at the table using their own mobile device, rather than through a server. The younger generations are not alone, as more than one-third (35%) of those aged 35 to 54 said the same. In addition, 31% of 18 to 34-year-olds and 10% of 35 to 54-year-olds would be more likely to frequent a restaurant that offers this payment option.
Businesses need speed and flexibility in order to stay focused on their growth goals by onboarding new clients, without the need to address potential security risks and maintenance associated with traditional in-house builds. By using the right cloud-based software, banks and factoring companies have access to a wealth of opportunities that are available immediately, instead of having to test, run and develop services in-house. In this way, new businesses can leapfrog forward, tailor-making a microservices offering from a variety of industry tried and tested processes, making new features available to customers with a short time to market.
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Over the past decade, the fintech sector in India has witnessed a significant rise, with investments exceeding $31 billion.
Indian fintech startups have experienced a remarkable 500% growth during this period.
- PM Modi, Mumbai, 30.08.2024
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Indian fintech startups have experienced a remarkable 500% growth during this period | PM Modi
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