Fintech is rapidly expanding with technology advancements almost in real-time. This made us come up with the another version of fintech startup infographic of our Blockchain viral infographic, ‘Blockchain startups to watch in 2018-2019.
Countries like India witnessed a quantum increase in digital transactions over the previous years. Many Fintech start-ups have introduced innovative solutions targeting the unbanked segment with digital wallets and have expanded their platform-level use cases. We believe that the following will have a decisive influence on the sector for the Year 2018-19.
- Security has been an everlasting concern with all the players having significant investments in Blockchain technology to make their platforms more secure.
- Decentralized digital currencies are on the rise with challenging concerns for the Regulators.
- Peer-to-peer lending has a strong potential, albeit the weak growth in 2017, as banks are enforcing systems to understand and track customer level FICO scores to protect from bad debts/ NPAs.