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Market Research Report

India Fintech Insights, Digital payments, Payments Ecosystem, Key Emerging Trends, Alternative Lending, InsurTech, WealthTech, Lending, AI - based Technology

Published by Renub Research Product code 937234
Published Content info 104 Pages
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India Fintech Insights, Digital payments, Payments Ecosystem, Key Emerging Trends, Alternative Lending, InsurTech, WealthTech, Lending, AI - based Technology
Published: May 1, 2020 Content info: 104 Pages
Description

1. Introduction

2. Executive Summary

3. Growth Drivers

Unmet financial needs

Changing consumer demographics, evolving needs and rising digital expectations

Government policies, regulations and infrastructure

Goods and Services Tax (GST) regime

Jan Dhan Yojana

Building the digital infrastructure

Unified Payments Interface (UPI)

Digital India Programme

Availability of the Internet

Promoting innovation and competition in the industry

Startup India

License for payment banks

Recognition of peer-to-peer (P2P) lenders as non-banking financial companies (NBFCs)

Regulatory sandbox by the RBI for FinTechs

Rising collaboration between incumbents and FinTechs

4. Challenges

Market regulators

Balancing data privacy needs with the industry's requirement for open data

Keeping pace with the emerging risks inherent in advanced technologies

Promoting stability in the FS sector in an interconnected world

FS Incumbents

Reskilling people for a digital tomorrow

Tackling regulatory scrutiny on advanced technologies

FinTech Players

Addressing cyber security concerns to win consumers' trust

Lack of early-stage funding

Managing regulatory uncertainty

5. Opportunity

Bundling FinTech with consumption needs of the mass segment

Realizing the opportunity: The consumer-need cornerstone framework

6. India Fintech Insights

Year-on-Year Number of FinTech Companies Founded (in Number) 2013 - 2018

India FinTech Transaction Value Projections (in US$ Billion), 2019 - 2023

Global FinTech Transaction Value Projections (in US$ Trillion), 2019 - 2023

7. Global and Indian FinTech

Global VC-backed FinTech Funding and Deal Count (in US$ Billion), 2014 - 2018

8. Asia's Rising Share in Global FinTech Funding

Global VC-Backed FinTech Funding by Continent (US$ Billion), 2014 - 2018

Global VC-Backed FinTech Deal Count by Continent, 2014-2018

9. Robust funding landscape in India

India VC-Backed FinTech Funding and Deal Count (in US$ Million), 2014 - Q1 '19

VC-Backed FinTech Deal Count in India and China (in US$ Million), Q1 2019

VC-Backed FinTech Deal Count in India and China (US$ Million), Q1 2019

10. Building the Digital Infrastructure

Number of Mobile and Internet Users in India

UPI Transactions Cross INR 1 Trillion in Value in Dec 2018

11. Segment Overview

India VC/PE funding by FinTech Segments (US$ Million), 2018

12. Digital Payments

Volume of Digital Payment Transactions (In Million)

Value of Digital Payment Transactions (In USD Trillion)

13. Payments Ecosystem

Payments value chain and business models

14. Key Emerging Trends

Need for interoperability

Development of next-generation customer solutions by banks and payment service providers (PSPs) through open banking

Increasing use of alternative payment channels

Process innovation across the value chain

Tokenization: The future of secured payments

Transaction Flow Using Tokenization across Various Stakeholders in the Payments Value Chain, 2019-2023.

% Share of Worldwide Digital Payments Transaction Value by Country, 2019-2023

15. Alternative Lending

Direct lending models

POS lending

Supply chain financing

MSME financing to rise with increasing business formalization

Global VC-Backed Alternative Lending Funding (US$ Billion), 2013 to 2018*

Total Alternative lending Transaction Value in India (US$ Million), 2019 - 2023

Country Alternative Lending Transaction Value as a % of Worldwide Alternative Lending Transaction Value in 2019

16. InsurTech

Key Business Models

Digital insurance advisors

PoS insurance providers

Key Emerging Trends

Product customization

Price segmentation

Business model innovation

17. WealthTech

A) Democratising investment advisory

B) Hybrid models with a human touch

C) Sentiment analysis

D) Payment players moving into the systematic investment plan (SIP) space

18. WealthTech Transaction Value (India vs. Global)

Indian Robo-Advisory Space

India - AUM in I Robo-Advisory Space in (USD Million), 2019-2023

India - Robo-Advisory Transaction Value Accounts for 0.004% of Worldwide Value in 2019

19. Lending

Market Opportunity Cash loans (USD Billion), 2021-2025

Market Opportunity EMI loans (Mobile Phones & Accessories) In USD Billion, 2021-2025

Market Opportunity EMI Loans (FMCG) in US$ Billion, 2021-2025

Redefining Customer Experience Using Modern Technology

Finding new ways of Customer Acquisition

Optimizing Customer on Boarding

Driving hyper-personalisation using chat bots

Managing risk with AI/ML

ML, automated data analyst and robotics emerge as the top three AI-powered solutions in BFSI

20. AI-Based

Moving from robotic process automation (RPA) to intelligent automation (IA)

21. Technologies Shaking Up the FS Infrastructure

Block chain moving into the mainstream

FS Industry Leading in Block chain Adoption

Table of Contents

Table of Contents

1. Introduction

2. Executive Summary

3. Growth Drivers

Unmet financial needs

Changing consumer demographics, evolving needs and rising digital expectations

Government policies, regulations and infrastructure

Goods and Services Tax (GST) regime

Jan Dhan Yojana

Building the digital infrastructure

Unified Payments Interface (UPI)

Digital India Programme

Availability of the Internet

Promoting innovation and competition in the industry

Startup India

License for payment banks

Recognition of peer-to-peer (P2P) lenders as non-banking financial companies (NBFCs)

Regulatory sandbox by the RBI for FinTechs

Rising collaboration between incumbents and FinTechs

4. Challenges

Market regulators

Balancing data privacy needs with the industry's requirement for open data

Keeping pace with the emerging risks inherent in advanced technologies

Promoting stability in the FS sector in an interconnected world

FS Incumbents

Reskilling people for a digital tomorrow

Tackling regulatory scrutiny on advanced technologies

FinTech Players

Addressing cyber security concerns to win consumers' trust

Lack of early-stage funding

Managing regulatory uncertainty

5. Opportunity

Bundling FinTech with consumption needs of the mass segment

Realizing the opportunity: The consumer-need cornerstone framework

6. India Fintech Insights

7. Global and Indian FinTech

8. Asia's Rising Share in Global FinTech Funding

9. Robust funding landscape in India

10. Building the Digital Infrastructure

11. Segment Overview

12. Digital Payments

13. Payments Ecosystem

Payments value chain and business models

14. Key Emerging Trends

Need for interoperability

Development of next-generation customer solutions by banks and payment service providers (PSPs) through open banking

Increasing use of alternative payment channels

Process innovation across the value chain

Tokenization: The future of secured payments

15. Alternative Lending

Direct lending models

POS lending

Supply chain financing

MSME financing to rise with increasing business formalization

16. InsurTech

Key Business Models

Digital insurance advisors

PoS insurance providers

Key Emerging Trends

Product customization

Price segmentation

Business model innovation

17. WealthTech

A) Democratising investment advisory

B) Hybrid models with a human touch

C) Sentiment analysis

D) Payment players moving into the systematic investment plan (SIP) space

18. WealthTech Transaction Value (India vs. Global)

Indian Robo-Advisory Space

19. Lending

Redefining Customer Experience Using Modern Technology

Finding new ways of Customer Acquisition

Optimizing Customer on Boarding

Driving hyper-personalisation using chat bots

Managing risk with AI/ML

ML, automated data analyst and robotics emerge as the top three AI-powered solutions in BFSI

20. AI-Based

Moving from robotic process automation (RPA) to intelligent automation (IA)

21. Technologies Shaking Up the FS Infrastructure

Block chain moving into the mainstream

FS Industry Leading in Block chain Adoption

List of Figures

Year-on-Year Number of FinTech Companies Founded (in Number) 2013 - 2018

India FinTech Transaction Value Projections (in US$ Billion), 2019 - 2023

Global FinTech Transaction Value Projections (in US$ Trillion), 2019 - 2023

Global VC-backed FinTech Funding and Deal Count (in US$ Billion), 2014 - 2018

Global VC-Backed FinTech Funding by Continent (US$ Billion), 2014 - 2018

Global VC-Backed FinTech Deal Count by Continent, 2014-2018

India VC-Backed FinTech Funding and Deal Count (in US$ Million), 2014 - Q1 '19

VC-Backed FinTech Deal Count in India and China (in US$ Million), Q1 2019

VC-Backed FinTech Deal Count in India and China (US$ Million), Q1 2019

Number of Mobile and Internet Users in India

UPI Transactions Cross INR 1 Trillion in Value in Dec 2018

India VC/PE funding by FinTech Segments (US$ Million), 2018

Volume of Digital Payment Transactions (In Million)

Value of Digital Payment Transactions (In USD Trillion)

Transaction Flow Using Tokenization across Various Stakeholders in the Payments Value Chain, 2019-2023.

% Share of Worldwide Digital Payments Transaction Value by Country, 2019-2023

Global VC-Backed Alternative Lending Funding (US$ Billion), 2013 to 2018*

Total Alternative lending Transaction Value in India (US$ Million), 2019 - 2023

Country Alternative Lending Transaction Value as a % of Worldwide Alternative Lending Transaction Value in 2019

India - AUM in I Robo-Advisory Space in (USD Million), 2019-2023

India - Robo-Advisory Transaction Value Accounts for 0.004% of Worldwide Value in 2019

Market Opportunity Cash loans (USD Billion), 2021-2025

Market Opportunity EMI loans (Mobile Phones & Accessories) In USD Billion, 2021-2025

Market Opportunity EMI Loans (FMCG) in US$ Billion, 2021-2025

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