{"id":6232,"date":"2019-07-24T18:58:00","date_gmt":"2019-07-24T18:58:00","guid":{"rendered":"http:\/\/172.16.65.40\/3i_work\/?p=6232"},"modified":"2023-02-22T10:40:46","modified_gmt":"2023-02-22T10:40:46","slug":"fintech-1","status":"publish","type":"post","link":"https:\/\/www.3i-infotech.com\/engrc\/fintech-1\/","title":{"rendered":"Fintech Trends &#038; Analysis"},"content":{"rendered":"<div class=\"content-inner\">\n<p>In the last  15 to 20 years, there has been a surge in the number of fintech<span id=\"more-3033\"><\/span> (combination of  the words financial and technology) companies worldwide. This is a result of  emerging technology helping financial institutions deliver services in faster  and newer ways than was conventionally available. The emergence of fintech has  transformed virtually every aspect of how we make financial transactions. Today  from a consumer\u2019s ability to see their financial transactions online to mobile apps  that track expenditure to the tools that let institutions make quick lending  decisions are all part of this transformation.<\/p>\n<p>Some of the  major fintech companies in India include ClearTax, PhonePe, BankBazaar, Paytm, Paisabazaar,  and many more.<\/p>\n<h3 data-fontsize=\"16\" data-lineheight=\"21\">What are the Fintech Trends  &amp; Analysis?<\/h3>\n<p>The  transformation in the financial industry will continue as companies make the  shift to nurturing innovation. Fintech products have eased the way people are  making cross border remittances, automated regulatory functions, raised the  number of data points used to make lending decisions, and more. Here is a list  of some of the trends that we are likely to witness in the fintech industry:<\/p>\n<ul>\n<li><strong>Mobile  payments<\/strong>: With the penetration of internet to remote areas and easy  access to mobile devices, today almost everyone has become a part of the  financial system even without having to open a traditional bank account. As a  result, mobile banking will continue to grow, mostly in areas dependent on  technology. Another development that will support mobile payments is the  deployment of 5G technology.<\/li>\n<li><strong>Artificial Intelligence  (AI) and Robotic Process Automation (RPA)<\/strong>: AI will dominate fintech  in new ways. Last year we saw businesses use AI to develop new commercial  interfaces, especially the companies looking into voice assistants. Today,  consumers have easily adopted digital assistants, and many are now available  for use at home. AI for voice will witness a growth in call centres, with bots  making direct calls more quickly and easily.<\/li>\n<li><strong>Blockchain  technology and financial inclusion<\/strong>: With financial inclusion, a large  section of people will adopt mobile banking, which is driven by blockchain  implementation. Blockchain technology has pushed fintech into the spotlight,  and it will drive mobile banking adoption outside the high-growth areas.  Blockchain offers unbanked individuals a verified online identity that will  allow more people to be financially included.<\/li>\n<li><strong>Regulatory  Technology (Regtech)<\/strong>:&nbsp; With  increasing investment driven by the increasing amount of regulatory oversight,  large financial institutions will slowly implement regtech instead of hiring  more compliance employees. Regtech will address issues relating to compliance  checks, regulatory reporting, risk management, transaction monitoring, and  identity management.<\/li>\n<\/ul>\n<p>The  environment today is encouraging the growth of fintech and demands for  tech-based financial solutions are not showing any signs of abating. Get in  touch with <a href=\"https:\/\/www.3i-infotech.com\/altiray\/?utm_source=Social%20Media&amp;utm_medium=Website&amp;utm_campaign=Blogs)\">3i Infotech<\/a> if you are keen to implement fintech tools to give your business a helping hand  and reach out to more customers.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In the last 15 to 20 years, there has been a surge in the number of fintech<\/p>\n","protected":false},"author":1,"featured_media":9033,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[112,21],"tags":[],"_links":{"self":[{"href":"https:\/\/www.3i-infotech.com\/engrc\/wp-json\/wp\/v2\/posts\/6232"}],"collection":[{"href":"https:\/\/www.3i-infotech.com\/engrc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.3i-infotech.com\/engrc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.3i-infotech.com\/engrc\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.3i-infotech.com\/engrc\/wp-json\/wp\/v2\/comments?post=6232"}],"version-history":[{"count":3,"href":"https:\/\/www.3i-infotech.com\/engrc\/wp-json\/wp\/v2\/posts\/6232\/revisions"}],"predecessor-version":[{"id":16446,"href":"https:\/\/www.3i-infotech.com\/engrc\/wp-json\/wp\/v2\/posts\/6232\/revisions\/16446"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.3i-infotech.com\/engrc\/wp-json\/wp\/v2\/media\/9033"}],"wp:attachment":[{"href":"https:\/\/www.3i-infotech.com\/engrc\/wp-json\/wp\/v2\/media?parent=6232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.3i-infotech.com\/engrc\/wp-json\/wp\/v2\/categories?post=6232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.3i-infotech.com\/engrc\/wp-json\/wp\/v2\/tags?post=6232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}