1. A Perspective on FinTech
Submitted By-
Section - B Group - 4
AMBATI GIRIDHAR RAVIKUMAR (2016PGP049)
PRIYANKA MOHANTA (2016PGP288)
RANSOTH NIKHIL RAJ (2016PGP307)
RISHABH SAINI (2013IPM069)
SWAGATIKA SAHU (2012IPM112)

2. INTRODUCTION
Financial services sector can be broadly classified into four industries:
Banking
Insurance
Wealth Management
Payments
FinTech:
FinTech refers to innovative financial services or products delivered via new technology
We would be discussing the following w.r.t FinTech
Evolution of FinTech
Drivers for FinTech
FinTech in Insurance industry
FinTech in Banking industry
FinTech: Collaborators not Competitors
Future of FinTech

3. Investments in FinTech
FinTech products and services are continuously being invented.
Global investment in financial technology (FinTech) ventures in the first quarter of 2016 reached $5.3 billion, a 67% increase over the same period last year
This FinTech Investment growth in 2016 was mainly driven by Europe and Asia

4. Drivers of FinTech
Drivers for FinTech
Increasing Customer Expectations
Increasing Competition
Digitization
Complex Regulations
Developments in Artificial Intelligence and IoT

5. Financial Advice/ Suggesting Policies
FinTech in Insurance
Following are the areas/processes in insurance industry which could be transformed by leveraging products and services provided by FinTech
InsurTech
Customer Experience
Underwriting
Claims Management
Financial Advice/ Suggesting Policies

6. Payments and Wealth Management
FinTech in Banking
Following are the areas/processes in banking industry which could be transformed by leveraging products and services provided by FinTech
FinTech in Banking
Consumer Banking
Funds Transfer
Payments and Wealth Management

7. FinTech: Collaborators not Competitors
Following are the ways in which Financial service providers are collaborating with FinTech firms
Types of Collaboration
Partnerships
Mergers and Acquisitions
VC Funding

8. Openness and Innovation
Future of FinTech
Future of FinTech
Collaboration
Openness and Innovation
Investments