Fintech Highlights of the month



Maintaining Continuity of Business in an Economic Crisis and The Role of Fintech

Maintaining business continuity, increasing efficiency and cutting costs are thus vital areas where fintech needs to contribute. With the ongoing covid-19 crisis and the lock-down, a worldwide economic recession has become inevitable. Businesses across the globe have taken a hit, and survival during this crisis is now crucial. Business models will need to be revamped to meet the needs of the time, and businesses that succeed in doing so are the ones that will survive

https://inc42.com/resources/business-continuty-in-an-economic-crisis-and-the-role-of-fintech/


How fintech can help SMEs recover from the impact of COVID-19

Around the world, small businesses have been hit extremely hard by the impact of the coronavirus. As our brave healthcare workers and policy-makers around the world deal with this pandemic, SMEs in fast-growing economies are particularly vulnerable as they contend with reduced demand, disrupted supply chains and worsening lack of finance.

https://www.weforum.org/agenda/2020/05/fintech-can-help-smes-recover-covid-19/

Top Disruptive Fintech Technologies Amid CoVID-19 Crisis

FFintech players around the globe are rapidly using AI, digital payment systems, virtual assets, software solutions, and AR, to deliver better crisis management solutions like contact-less banking, Digital-Only customer service and payments, e-KYC and verification, credit rating analysis, consumer behaviour analysis, etc. across the FS industry.

https://community.nasscom.in/communities/digital-transformation/fintech/top-disruptive-fintech-technologies-amidst-cv-19-crisis.html



An Ecosystem Approach to Financial Inclusion for India’s Smallest Farmers

While the agriculture industry makes up a significant portion of the nation’s gross domestic product (GDP) and employs the majority of its labour force, a lack of digitization makes this market high risk for traditional lenders. FinTech has made significant strides in promoting financial inclusion for SMBs in need of access to capital and supply chain payments technology to optimize operations and drive expansion, but technology is not the end-all solution to underbanked SMBs.

https://www.pymnts.com/news/b2b-payments/2020/bpc-group-smb-ecosystem-finance-financial-inclusion-india-farmers/

Deep Dive: Asia-Pacific Countries Gear Up for Open Banking Despite COVID-19-Related Hurdles

The COVID-19 pandemic may have stalled open banking developments, but 2020 is still shaping up to be a crucial year for such sharing and privacy regulations. This is especially true in Asia Pacific (APAC) countries, many of which followed the EU’s lead in launching open banking platforms to more easily connect FIs, Fintechs and third parties over the past two years.

https://www.pymnts.com/news/regulation/2020/asia-pacific-gear-up-open-banking-covid-19-hurdles/



India tops China in fintech funding in Q1 2020

The economic shock stemming from the outbreak of the coronavirus have decreased investor appetite for fintech. As Covid-19 has destabilised private capital markets, the first quarter of 2020 was one of the worst quarters in 2 years for venture capital-backed fintech.

https://m.economictimes.com/small-biz/startups/newsbuzz/india-tops-china-in-fintech-funding-in-jan-to-march-tie-in-deal-numbers/articleshow/75707841.cms