The fintech ecosystem in India is the third largest in the world, with an estimated 10,000 registered firms which operate across financial services.
The relationship between fintechs and incumbent regulated entities (REs) started out as a competition, and has now reset to that of collaboration. Fintechs now act as technology service providers or as an agent institution of the regulated entities, enabling digital delivery of financial services.
Given that fintechs are unregulated, there are no regulatory entry barriers for the ecosystem. And REs are increasingly engaging with fintechs to digitalise and automate several business operation processes.
Diese Geschichte stammt aus der November 04, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der November 04, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Release for grief
EYE CULTURE
RBI supersedes New India Co-op Bank Board
Alleged misappropriation of funds behind curbs
Reciprocal tax plan sets off alarm bells amid global trade war buzz
The move by the United States President Donald Trump to impose 'reciprocal' tariffs on a 'country-by-country' basis is set to trigger a global trade war, according to officials watching this space.
Sachin Bansal steps down as Navi CEO amid top-level rejig
To serve as executive chairman of the group
Pharma Stocks Plunge Amid Tariff Concerns
Analysts Say Exports Unlikely to Face Major Impact
I-T Bill empowers taxman to ask for access to electronic systems
In a move that could make it easier to scrutinise cryptocur rency and other virtual digital assets, the new income-tax Bill introduced in the Lok Sabha on Thursday empowers tax authorities to demand codes for access to electronic systems during surveys and searches.
Cummins' engine may rev low in near term
Brokerages upbeat on firm's long-term prospects after a strong Q3
Smallcaps slip into bear mkt territory, midcaps on brink
Investors endured another challenging session on Friday as smallcap stocks tumbled over 3 per cent, sliding into bear-market territory, while midcaps fell 2.4 per cent, extending their decline from peak levels to 18.4 per cent.
Deep state, shallow state, non-state
The deep state has now become the engine of conspiracy theories across democracies. America was the first and India is catching up fast. Many European democracies are on the bandwagon too
DPIIT to sign MoUs with firms for setting up manufacturing incubation centres
In a move to give a fillip to manufacturing startups, the Department of Promotion of Industry and Internal Trade (DPIIT) will be signing memorandums of understanding (MoUs) with corporates to set up manufacturing incubation centres.
