The traditional insurance model was largely product-centric and channel marketing-driven. The new age model will turn this on its head with the customer at the center and a suite of digital technologies, services and ecosystems to tap the customer....
It is important for FinTech companies / startups to understand the regulatory landscape better.
The average investment per round in a start-up is higher globally, but the difference is not very large. A major concern would be the low proportion of start-ups that get funded in India.
In the next three years, most of the 440 million Indians between the ages of 18 and 35 will definitely try to digitally transact for their basic needs.
FinTech will ease the pain of e-commerce, disrupt traditional lending, build on consumer credit scores.
Collaboration between FinTech and the traditional banking sector can propel growth