The FinTech Revolution in Banking
- The UK government Department for International Trade presents Mint CXO Dialogues ‘The Era of FinTech: Ushering a New Age in Banking’. The session brought together top leaders from India and the UK to delve into the role of FinTech firms in reimagining banking and opportunities for cross-border collaboration between India and the UK.
Financial Technology, or FinTech, has already started to revolutionalise banking. An industry report pegs the FinTech industry in India to grow up to 150 billion dollars within the next five years. Already over 2,000 FinTech strong with a majority of them having set up shop in the last five years alone, this industry has grown undeterred by the pandemic, and has gone on to produce at least 8 Unicorns since January last year. But, realizing this potential opportunity will need investments estimated to the tune of 20-25 billion dollars, which lends a multinational angle to the entire story.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more