FinTech has become the buzzword in the financial services space and represents technologies that are disrupting traditional financial services, including mobile payments, money transfers, loans, fundraising, and asset management. This report presents a detailed overview of the Fintech software products landscape in India and discusses key business and technology trends, drivers, and the enabling ecosystem for analytics and its sub segments.
The report also highlights and profiles cutting edge fintech solutions and products developed by ~110 Indian companies.
Total Fin-tech software and services market from India is worth ~USD 8 billion and pegged to grow 1.7X by 2020.
With ~400 companies, India is quickly emerging as a Fin-tech products hub, out of which more than 30 per cent are mature firms with demand across regions.
BFSI, ecommerce and retail verticals are leading the adoption of Fin-tech.
In 2015, fintech funding amounted to USD 420 million, 10x the USD 40 million invested in 2014.
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