India’s growing FinTech sector needs the cloud to stay secure, compliant, cost-effective and to keep innovating. In recent years, FinTechs have risen from the fringes of the start-up scene to establishing themselves at the very core of today’s financial services ecosystem. The introduction of disruptive technologies has brought about a period of unprecedented creativity, growth and investment in the banking, financial services and insurance (BFSI) sector. The outliers have become the agenda-setters. While the FinTech sector has diversified into different segments such as Digital Payments, Alternate Lending, Insurtech, Reg Tech and Open Banking, it is the Digital Payments and Alternate Lending sub-sectors which have seen the highest growth in India in the last few years, with InsurTech and Reg Tech being the key focus areas for the coming years.
Read the whitepaper by Tata Communications to know more on how cloud networking can secure the future of fintech