Fintech:

Foundations,
Applications
and Future
Ashish Kumar Srivastava
Agenda
Fintech Foundations

Paytech

Wealthtech

Creditech

DeFi

Fintech: Foundations, Applications and Future

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 Does the Buzzword Fintech/ Digital Banking
something new ?
Monday, 22 Aug 2022 Fintech: Foundations, Applications and Future 3
Foundations
Finance and Technology/ Digital Banking

Fintech
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Fintech Technologies Market Outlook – 2030
The global FinTech technologies market size was valued at $110.57 billion in 2020, and is projected to reach
$698.48 billion by 2030, growing at a CAGR of 20.3% from 2021 to 2030. Financial technology (Fintech) is the
application of new technological advancements to products & services in the financial industry and aims at
improving & automating the delivery & use of financial services. ​Moreover, it further aims to compete with
existing traditional financial methods in delivery of financial services by implementing several technologies
such as application programming interface (API), artificial intelligence (AI), block chain, and data analytics.

Factors such as increased demand for online financing among consumers, surge in usage of advance technologies
in existing business operation of banks & financial institutions, and rapid growth in innovative technology such as
artificial intelligence in business decision making capabilities are some of the important factors that boost adoption of
Fintech technologies during the COVID-19 outbreak.

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• Technologies have always remained at the
forefront in finance
• Previous innovations in finance were mostly
spearheaded by financial institutions themselves
• However, this time tech companies are taking
charge
• Big data/ alternative data advantage
• Less regulations than incumbents
• More aggressive in risk taking
FinTech
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 FinTech
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 Digital Banking and Finance

Key aspects of digital banking and finance include:

1-Online Banking
2-Mobile Banking
3-Digital Payments
4-Online Investing
5-Robo-Advisors
6-Digital Lending
7-Cryptocurrencies and Block chain
8-Personal Finance Apps
9-Artificial Intelligence and Data Analytics
10-Regulatory Challenges

FinTech
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 Crypto currency and block chain:

Cryptocurrency and block chain are two closely related technologies that have gained significant attention and impact in the
financial and technological landscapes. They are often mentioned together, but they represent distinct concepts :

Cryptocurrency: Cryptocurrency is a digital or virtual form of money that uses cryptography for secure transactions and
control of new units. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on
decentralized networks based on block chain technology. Some of the most well-known cryptocurrencies include Bitcoin
(BTC), Ethereum (ETH), Ripple (XRP), and Lite coin (LTC)

Blockchain: Blockchain is the underlying technology that enables the existence and functionality of cryptocurrencies. It is a
decentralized and distributed digital ledger that records transactions in a secure, transparent, and immutable manner. The
blockchain consists of a chain of blocks, each containing a batch of transactions. Once a block is added to the chain, it
cannot be altered without consensus from the network participants, making it a reliable and tamper-resistant system.

FinTech
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 FinTech
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 FinTech
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 Relevance to FinTech Applications:
1.Public Blockchains:
1. Public blockchains are relevant to FinTech for applications such as digital currencies
(e.g., Bitcoin), decentralized lending and borrowing (DeFi platforms), and tokenization
of assets (e.g., security tokens).
2. They offer transparency and decentralization but may face scalability and regulatory
challenges.
2.Private Blockchains:
1. Private blockchains are well-suited for applications within financial institutions, where
confidentiality, control, and scalability are essential.
2. They are used for secure and efficient settlement systems, supply chain finance, and
managing financial assets.

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 How does artificial intelligence enhance customer experiences in the FinTech industry?

Enhanced Investment and Wealth Management:

Personalized Financial Services:

Improved Fraud Detection

Fraud Detection and Prevention:
Automated Account Management:
Credit Scoring and Risk Assessment:
Customer Insights and Predictive Analytics
Chatbots and Virtual Assistants

Automated Customer Support:

FinTech
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Cloud computing refers to the delivery of computing services, including storage, processing, databases, networking, and
software, over the internet. Instead of owning and maintaining physical servers and data centers, organizations can access
these resources on-demand from cloud service providers like Amazon Web Services (AWS), Microsoft Azure, or Google
Cloud Platform (GCP).

Scalability: Collaboration and Development

Cost Efficiency:
Data Analytics and Insights
Flexibility:
Reduced IT Management Burden
Global Reach

Security and Compliance

Disaster Recovery and Business Continuity

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 Transferring Money Raising Money Transferring Money

Neo Banks Robo- Investment

• N26 Personal lending advisors Advisors
Credit Cards Betterment
Deposit accounts • Ally Vanguard
• Monzo

P2P Platform
Lending and Crowd Online
Funding discount Trading Services
Challengers brokers
Zerodha
Lending Club, Sofi
Digital Payment Robinhood
Challengers
Payment money • Gpay, Paytm
Business Lending
transfers • Wechat pay,
Investment Banking Analytics
Whatsuppay
• Bitcoin, Enterprise Services based wealth
Libra management Wealth
Credit Karma management
Mint
Fintech
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