Most promising FinTech opportunities
Leveraging existing data and analytics (56%), improving customer retention (56%) and expansion of products and services (56%) are the most promising FinTech opportunities in India, followed by increasing customer base and differentiating at 40% each.
Popular FinTech segments
Upcoming segments include alternate lending, RegTech and InsurTech, but wealth management appears to be the most popular. A meagre 2% of our population invests in market-traded securities, hence there is tremendous scope for growth here.
Artificial intelligence, machine learning and blockchain will be the hottest technologies to watch in the FinTech industry. Institutions are readily investing in technology to improve both back-office and customer-facing purposes.