Relationship of Indian Banks and FinTech Startups Strengthening in 2017

The digital revolution currently underway in financial services –colloquially called FinTech – has raised some questions on the nimbleness and relevance of the banking fraternity in India. There have been apprehensions about banks being able to create faster, cheaper and better services to become an omnipresent part of their customer’s daily lives. The thematic discussions around this have revolved around banks’ operational inefficiencies, slow response time and high costs. More complexity has been added due to the rigors of heavy regulations and strict security compliances. On the flip side, there have been questions about the ability of FinTech companies to penetrate an industry where customers ...

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