The future of Fintech & Industry 4.0 is emerging in India: PM Modi
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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।
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भारत आज विश्व के Fastest Growing FinTech Markets में से एक है | PM Modi | FinTech
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The future of Fintech & Industry 4.0 is emerging in India: PM Modi
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Watch The future of Fintech & Industry 4.0 is emerging in India- PM Modi With HD Quality
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With the Government's flagship Digital India Programme, adoption of digital payments and enabling a seamless payment experience has played a crucial role in realizing the vision of a digitally empowered economy. With the introduction of emerging technologies like AI and ML, fintech players are benefitting both the industry and the consumers at the same time. Fintech players are hopeful that the industry will expand and will penetrate into newer areas of financial transactions. Previously, most of the technology companies were giving products and services to banks through back-end support. Over the years, India has seen a very unique progress with adoption of fintech services in terms of speed and scale
The pandemic has been a push for digital payments where every person from any walk of life is learning how to do digital commerce and transacting online. It has created an immediate need for safer, more efficient experience, both online and offline. At the same time, the Government of India through its multiple financial institutions has been aiming at creating a ‘cashless’ society. But this is a dream, which will take some time to get fulfilled. On the other hand the technology officers of multiple companies will play a crucial role in adopting technology to drive efficiencies and growth, eventually leading to better profitability. A techno expert says, the government's support, in providing adequate liquidity through regulated banks and NBFCs, will also provide the much-needed support to the fintech to work towards a positive approach
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'It is (regulation) a barrier, I would say, but I have found many promoters who are extremely relentless in their pursuit to chase regulators. And they do it remarkably. We need to learn this entrepreneurial spirit,' KPMG India's Naresh Makhijani said during a session on 'Fintech and Regulation: Maintaining Order and Enabling Innovation' at the the 2018 ET Markets Global Summit (ETMGS) in Mumbai. Listen-in.
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Pemerintah berencana memberlakukan subsidi bagi kegiatan layanan financial technology atau fintech. Subsidi bagi masyarakat di kawasan 3T atau tertinggal, terdepan, dan terluar sebagai upaya memajukan inklusi keuangan nasional.
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#fintechindustry #AI #ML
FinTech industry is facing radical transformation and restructuring, as well as a move toward a customer-centric platform-based model. Artificial intelligence is solely responsible for innovations in data analytics and product development in FinTech and the finance industry is driven by potential opportunities that help it to grow. With AI,ML and by capitalizing on robotic process automation customers can reap the benefits of easy and cost-effective financial services. By leveraging the power of AI, FinTech companies have tech solutions that resolve all the complexities and difficulties of the customers, right from borrowing loans to money invested in other profitable options.
FinTech is an industry that covers the integration of finance and technology. Digital disruption in the financial sector is driven by factors both on the supply side, mostly technological developments, and on the demand side, accompanied by changes in consumer expectations of service. It offers the potential to improve efficiency with innovation, enhanced supply diversity, and a more competitive financial system that yields market extension augmenting financial inclusion. AI helps reduce Return-to-Origin (RTO) frauds, with the help of AI-powered systems it helps reduce RTO fraud losses in e-commerce. RTO frauds take place when customers return a product by either swapping it with a faulty product or by denying that they ever received it in the first place.
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Fintech Industry is dependent on AI & ML
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Google to open its global fintech operation centre in Gujarat #shortvideo
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FICCI Past President Mr RV Kanoria talks about the need for an enabling regulatory environment for fintech.
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Seiring dengan pertumbuhan fintech yang pesat, risiko atas banyaknya fintech illegal yang marak menjadi kekhawatiran banyak kalangan. Ini membuat regulasi yang jelas serta sosialisasi dan edukasi kepada masyarakat menjadi hal yang mutlak diperlukan.
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