Fintech & Digital Payments

A portmanteau of two words- Finance and technology, Fintech has created a disruption in the financial services industry (banking, investments, payments etc.) by leveraging the latest technological innovations like block chains, artificial intelligence, biometric applications, peer to peer (P2P) lending, robotics etc. The intensity of its disruption in India and a glimpse of the prosperous future that it holds is evident from a recent report by EY, according to which India is the second largest adopter of Fintech in the world, just next to China!