This month in FinTalk, we put Neobanks under the microscope. We explore how they revolutionize new-age banking by reinventing the customer experience. And hey, don't miss catching up on the top 14 neobanks in India.
Neobank is the super digital avatar ruling the smart banking space now. Why such hype for neobanks? What makes neobanks a lucrative fintech offering? Our 101 article explores how neobanks turned every stumbling block into a stepping stone in its way. Read more.
Bridging the shortcomings of traditional banking, neobanks today have decoded banking for the better. Our blog sheds light on neobanks and their interoperability. Know more.
Did you know that 82% of customers rate user experience as a key factor while banking? Neobanks cater to this customer need by offering personalized and flexible services. Here are the top 14 neobanks that reinvent the banking experience in India. Know more.
By 2030, Blockchain will have the potential to help banks save more than $27 billion.
More than a third of fintech industry deals are made outside the US, the UK, and China.
By 2022, the fintech sector is estimated to be worth $310 billion.
13.7% of bank customers use their mobile app several times a day, while 24.4% use it less than once a week.
By 2023, Chatbots will help banks save $7.3 billion.
INDIA
India's financial regulators like RBI and SEBI offer temporary regulatory protection in the sandboxes to encourage start-ups to innovate in the fintech space. This made UK-based fintech start-ups also want to access these sandboxes.
UK
Amazon.co.uk will no longer accept UK-issued Visa credit cards as of 19 January 2022 due to high transaction fees.
Brazil
Brazil's government plans to publish new regulations for fintechs which oversees the Brazilian financial and monetary system.
US
San Francisco-based Upgrade, which offers credit and mobile banking, has completed a $280 million Series F funding round at a $6 billion pre-money valuation.
MENA
Mastercard and Paymob launch Tap-On-Phone in Egypt, a new digital payment solution for small businesses that offer various payment methods.
Our Co-founder, Prabhu Rangarajan talks about the Indian Fintech landscape in the interview with SMEVenture. Watch here.
Anyone new to the world of fintech, this is a must-read! Check out this insightful piece from BusinessBar. Click here.
Improving customer experiences and driving business value through custom APIs and embedded tech infrastructure is critical to the fintech ecosystem. Our Co-founder, Madhusudanan R speaks with Ashu Agrawal, India Lead, Asia Tech Journal in this episode of Fintech Futures. Watch here.
That's it for now. See you again soon with all the need-to-know fintech updates!
Stay tuned. Stay curious.
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