New age technology companies are once again in the limelight after Q3 performance
New age technology companies are once again in the limelight after Q3 performance The difficulties of new generation technological enterprises are endless. They’re back in the limelight following a mixed showing in the fourth quarter. Paytm and PB Fintech have not only posted higher-than-expected earnings, but have also dramatically reduced their losses. Zomato and […]
Boost for fund-starved sectors in Budget 2023-24: MSME Secy
Top 5 Edge AI Trends to Watch in 2023 Credit and Finance for MSMEs: According to B B Swain, Secretary to the Union Ministry of Micro, Small and Medium Enterprises (MSMEs), the government in the Union Budget 2023-24 has given a boost to the fund-starved MSME sector by facilitating larger credit flow and simplifying compliances. […]
How fintech can be a game changer for MSME lending and finance
How fintech can be a game changer for MSME lending and finance The past few years have been a reminder of the existing credit gap in India’s MSMEs sector. As per IFC estimates in 2021, the total addressable credit gap in the MSME segment is Rs 25.8 trillion. Despite this huge demand, out of 63.3 […]
The future of financial services depends on global connectivity
The future of financial services depends on global connectivity Without a question, the last year has been fraught with difficulties. The pandemic’s aftermath, continued geopolitical tensions, and a rapidly globalising globe have required all businesses and industries, including financial services, to adapt. Creating interoperability in global payments is a daunting challenge.At the same time, […]
E-commerce and fintech increased in smaller cities Following COVID
E-commerce and fintech increased in smaller cities Following COVID In the wake of the pandemic, the e-commerce sector “witnessed a renewed push and a rapid increase in penetration,” according to the Economic Survey 2022–23. According to the survey, other factors contributing to the development included “increasing internet penetration, rise in smartphone adoption, innovation in mobile […]
Fintech: 5 Expert Predictions For 2023
Fintech: 5 Expert Predictions For 2023 There are a few forecasts for 2023 that are important. 1.Layoffs in big tech and fintech may benefit banks and credit unions. Recently, a number of highly skilled computer personnel were let go. They come from a variety of sources, including fintech companies and Big Tech. In November 2022, […]
Fintech in 2023: 5 tech trends to watch
Fintech in 2023: 5 tech trends to watch India was acknowledged as one of the first leaders to increase the exposure of the nation’s fintech industry globally in a recent report by Bain & Co. The report also claims that the surge in smartphone use in India, which is anticipated to surpass 1.1 billion units […]
Wise raises revenue growth forecast following interest rate hike
Wise raises revenue growth forecast following interest rate hike Wise, a British fintech company, has raised its revenue growth forecast for the coming fiscal year as a result of the UK interest rate hike. In its recently released full-year results, Wise increased its revenue growth forecast from 55%-60% to 68%-72%. The historic rise in interest […]
Digital Markets. Why is there a new law against Big Tech?
Digital Markets. Why is there a new law against Big Tech? The Parliamentary Standing Committee on Finance (PSCF) presented its report, ‘Anti-competitive practices by BigTech’, on December 22, recommending a set of measures to control ‘BigTech’. The committee’s report has rightly suggested that the government should draw up norms to regulate the digital economy. […]
Fintech stocks did worse than fin or tech in 2022
Fintech stocks did worse than fin or tech in 2022 The banks of the future are having a difficult time right now. Long lauded for their vision of bringing Silicon Valley-style innovation to the lending, investing, and payments industries, financial-tech companies underperformed both financial stocks and tech stocks more broadly in 2022. The vulnerability to […]