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09 Fintech in India - A global growth story © 2016 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Fintech in India - A global growth story 10 Start-ups Evolution of start-ups is imperative for a successful fintech ecosystem. The flourishing effect of fintech start-up has been catalysed by an increasing demand for digital financial products by consumers, rampant rise of connected devices and support of venture capitalists. While start-ups are redesigning the financial services processes with their high-end technological expertise, incumbent players are also following suit and investing heavily in creating new products of their own. The trend is increasingly shifting from start-ups seen majorly as disrupters to also being enablers of change. Hence, there is greater collaboration being seen and expected between different players of the ecosystem with the start-ups. However, for fintech start-ups to maintain thier momentum, they need to demonstrate to our regulatory bodies that they can benefit the society, by putting forth ample evidence to public, institutions and the regulators that they can be regulated and monitored sustainably. © 2016 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Page 1 and 2: Fintech in India A global growth st
Page 3 and 4: Table of contents Foreword Fintech
Page 5 and 6: Introduction This report assesses t
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Page 39 and 40: Percentage population Fintech in In
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Acknowledgement Research team Abhis
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