1. Digital Era Boom for Fintech Companies
Nitesh Kukreja, Senior Consultant
Capgemini

2. Abstract
A Study on Boom for Fintech Companies in Today's Digital Era

3. Global Snapshot on Digital Usage9%
68%
89% vs 24%
11%
of people in low- income
Most of the world’s
89% people in high-
of people in low-
countries use cell phones
population growth will
income countries have
income countries saved
to receive money
be in less developed
an account at a financial
money at a financial
countries over the next
institution compared to
institution.
decade
24% in low-income
countries.

4. India Overview on Digital Payments Usage
Fintech Area
Application in financial Inclusion
Payments
eWallets, UPI, USSD Transfer
Peer to Peer
Funding for individuals and micro enterprises
Lending
Microfinance
Funding for small and medium enterprise
eKYC
Aadhar enabled KYC
Biometric
Credit scoring information, account opening, ATM
pin
Digital Identify
Aadhaar linkage to account for credit information
Remittances
Transfer and payments in remote areas

5. Attributes of a Successful Fintech Hub
Entrepreneurial and innovative mindset
Entrepreneurs infuse the right spirit and culture to drive growth of innovative start-ups. The metrics used to measure it includes IMD’s entrepreneurship index, innovation and sophistication index, openness and attitude towards globalization
Government programmes and incentives
Government sets the platform for smooth operations of start-ups with their favourable policies and tax incentives specific to the fintech sector.
Technology readiness
Technological skills and infrastructure form the foundation of fintech. Index used to measure this includes IT skills index, per centage of qualified technology workforce, cybersecurity levels and internet penetration in the nation.

6. Attributes of a Successful Fintech Hub
Regulatory support
State efficiency and a supportive legislative framework encourages the establishment of start-up firms in a nation. This is measured through indices such as regulatory compliance, flexibility and adaptability of the legal system etc.
Business environment
The ease of doing business index, country competitive index, number of days and procedures to start a business help in creating a conducive business environment.
Funding
Availability of venture capitalists and other investors interested in investing in risky start-up firms are imperative to induce capital in the sector.

7. References & Appendix

8. Author Biography
Nitesh Kukreja a masters graduate in Computers and Finance from Mumbai University currently working with Capgemini as Software Test Professional carries expertise in banking payments domain and carries past experience working with Fintech companies.

9. Thank You!!!