India’s Leading BFSI and FinTech Companies 2022

28 With Digital-First approach gaining center stage, India’s FinTech ecosystem has witnessed tremendous growth over the last few years. India is expected to become Asia’s top FinTech hub with 87% FinTech adoption as against the global average of 64% in the near future. Various types of FinTech companies exist in India, which are classified based on the industry they cater to. FINTECH CLASSIFICATION Digital Banking InsurTechs Pa yments and Remitances Marketplaces In vestment Techs Major disruptions caused by FinTech to the BFSI Banking & NBFC Mobile banking Neo banking Application Programming Interfaces Instant Payments Securities Market User-friendly AI-based trading platform to manage exchange-traded-fund portfolio Platform for seamless stock buying Providing information like offering live data on the latest trends, company data, news feeds Simplification of investment process Use of ML, AI and chatbots to create automated advisors Mutual Fund Use of FinTech platform for investment in mutual funds Insurance Automating underwriting Accelerating the application process Streamlining claim filing FINTECH Dun & Bradstreet