India’s Leading BFSI Companies 2020

LX Source:Various articles and reports including those of WEF The fintech disruption is being felt across the financial services industry and it is here to stay THE FINTECH DISTRUPTION Instant/ Near Real time (mobile payments) 3 days Cashless world; Emerging Payment rails Payment Cheque / DD clearing 20 mins Insurance 7 days Insurance disaggregation; Connected insurance Motor claim Settlement period 3 months ₹ 1,000 (P2P lending) 1 year ₹ 30,000 Alternative lending; Shifting consumer preferences Lending & Deposit Minimum Loan tenure & amount 0.5% 1.35% Empowered investors; Process externalisation Investment Management Portfolio management fee 35 days Raising Capital 6 months Crowdfunding Time to raise funds Traditional BFSI Modern BFSI Hundreds of thousands of sources Market Provisioning Capacity to synthesize information Smarter, faster machines; New- market platforms Only few sources Pace of technology diffusion is improving at an unprecedent rate. The upcoming new economy firms will take just days or even hours to scale up TECHADOPTION Source:Various articles Number of years it took for each technology/ product to gain 50 mn users 68 62 50 46 28 22 18 14 12 12 7 5 4 4 3 2 Airlines Automobile Telephone Electricity Credit card Television ATM Computer Cell phone Debit card Internet PayPal iPod Youtube Facebook Twitter Xiang Hu Bao Reliance Jio Dun & Bradstreet