With the rapid advent of “digital” in India since the past few years, it has increasingly become easier to access financial services. A widely used term in the new digital age, fintech, has contributed to the changing patterns of consumer banking. Around the year 2015, India saw a boom in technology adoption in financial services. According to Research and Markets, in 2019, the Fintech companies in India was valued at Rs 1,920 Bn and is expected to reach Rs 6,207 Bn by 2025, expanding at a CAGR of 22.7%.
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Latest Research Report on “InsurTech Market” Added by Analytical Research Cognizance which covers Market Overview, Future Economic Impact, Competition by Manufacturers, Supply (Production), & Consumption Analysis
The banks and financial institutions are witnessing transformation with the emergence of FinTech vendors, thereby disrupting the traditional model of operations and processes.
The digital and analytical tools have opened new revenue model and value chain through digital brokers.
The FinTech industry, over the last couple of years, has realized the need and opportunity of InsurTech software.
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Market Revenue and Segmentation Analysis:
