PwC’s FinTech Insights November 2018

FinTech Insights

An exclusive look at the latest developments and evolving technologies in the FinTech space
FinTech 2.0: A new era of financial inclusion

Over the past few years, FinTech has been embedded in the financial services ecosystem to such an extent that the term has now made its way into a few leading dictionaries. While the general perception of FinTech is ‘products and companies that employ newly developed digital and online technologies in the banking and financial services industries’, we believe that FinTech has evolved to perform a much more strategic and focused role. The wider objective of FinTech is to serve the unmet financial needs of those segments of the population which are not the core target segments of traditional financial services models. Thus, FinTech aims to contribute to the larger goal of financial inclusion.

FinTech news from around the world

Global insights handpicked by PwC

Financial inclusion: FinTech 2.0 – Focusing on the next 500 million people

Over the past few years, fintech has been embedded in the financial services ecosystem to such an extent that the term has now made its way into a few leading dictionaries. While the general perception of fintech is ‘products and companies that employ newly developed digital and online technologies in the banking and financial services industries’, we believe that fintech has evolved to perform a much more strategic and focused role.

Greater collaboration between regulators and policymakers to develop FinTech ecosystem

Regulators and policymakers around the world are working closer together to develop and grow the FinTech ecosystem across markets. Together with fintech industry associations, regulators are entering into partnerships globally to share leading practices, experiences and frameworks, and help FinTech firms export their services and expand in each other’s markets. Regulators in the UK, Singapore and Australia have entered into the most number of bilateral agreements with other regulators.

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Vivek Belgavi

Partner, India FinTech Leader, PwC India

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