The Digital Fifth

In August 2024, the fintech industry secured USD 28 million in funding, marking a slight decrease from previous months. However, investors are increasingly focused on identifying and backing startups with innovative and unique business models. This brings the total fintech investments for the year to a substantial USD 427 million, highlighting the strong investor activity in the sector. The Payments sector emerged as the most funded segment this month, drawing USD 19 million. The Payments sector is seeing a resurgence of interest, with investments spread across diverse areas such as cross-border Online Payment Gateway Service Providers (OPGSP), escrow payments, rewards programs, Bharat Bill Payment System (BBPS) Third-Party Service Providers (TSPs), and payment gateways. This reflects the growing recognition of the critical role these companies play in the evolving financial landscape. Meanwhile, the Lending sector also saw strong performance, ranking as the second-highest funded segment for the month. Startups operating in sub-sectors like trade finance and loan marketplaces have attracted significant investor attention. Many of these investments are directed toward early-stage companies in seed or Series A rounds. These startups, characterized by their innovative approaches and unique business models, have captured the interest of investors, signaling continued growth and a vibrant future for both the Payments and Lending sectors in the fintech industry. Read more here: https://lnkd.in/dBay5REm Sameer Singh Jaini | Shashank Shekhar | Sreekant Rudrabhatla | Vikrant Kulkarni | Deepak Sai | Pratap Rajkumar #FinTechIndia #IndianFinTech #FinTechInvestment #IndianStartup #DigitalPayments #PaymentsInnovation #CrossBorderPayments #OPGSP #EscrowPayments #RewardsPrograms #BBPS #PaymentGateways #FinTechLending #TradeFinance #LoanMarketplace #FinancialInclusion #SMEFinance

The Indian digital payments ecosystem encompasses a diverse range of entities, technologies, and regulatory frameworks that facilitate the transfer of funds between individuals, businesses, and government entities. This ecosystem includes various payment instruments, platforms, and stakeholders, each playing a crucial role in ensuring seamless, secure, and efficient financial transactions. The total transaction volume in digital payments for last month is 2300 Cr, with UPI (1403 Cr) taking the major share, marking an increase of approximately 32.2% from 1739 Cr in the previous month. Within the digital payment ecosystem, issuer banks, acquirer banks, payment processors, payment gateways, and payment networks work together to ensure smooth operations. It functions under the oversight of regulatory bodies that enforce compliance, security, and consumer protection measures. In August 2024, FinTechs in this ecosystem are gaining significant traction and attracting funding from major institutional investors. Considering the significant level of activity witnessed in this sector, The Digital Fifth unveils its comprehensive representation of The Digital Payment Ecosystem of India. Sameer Singh Jaini | Shashank Shekhar | Sreekant Rudrabhatla | Vikrant Kulkarni | Deepak Sai #ecosystem #landscape #payments #digital #kyc #aadhar #government #rbi #aml #banks #fintech #players #gateway #aggregator #wallets #npci #pos #network #riskmanagement #commercialcard #rewards #cbdc #paymentplatform #smallfinancebanks #paymentsbank #retailcard #reconciliation

8 𝐃𝐀𝐘𝐒 𝐓𝐎 𝐆𝐎!!! Join The Digital Fifth and 50Fin for a knowledge session on "𝐒𝐜𝐚𝐥𝐢𝐧𝐠 𝐋𝐨𝐚𝐧𝐬 𝐀𝐠𝐚𝐢𝐧𝐬𝐭 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 (𝐋𝐀𝐒): 𝐀 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐀𝐩𝐩𝐫𝐨𝐚𝐜𝐡 𝐭𝐨 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐋𝐞𝐧𝐝𝐢𝐧𝐠" Date: 18th September | Time: 3:00 to 4:00 pm Register now: https://lnkd.in/dqudHu37 Secured lending, a traditional practice, has been gaining momentum due to its risk mitigation benefits. However, the digital age has introduced new opportunities and challenges. LAS, by leveraging technology, offers a more efficient and scalable solution. In this knowledge Session our speakers,  📌 Aditya Srinivas Prasad, Co-Founder & CEO, 50Fin 📌Raahul Khurana, SVP Product Management, Lentra 📌 Sameer Singh Jaini, Founder and CEO, The Digital Fifth will delve into: ✅ The strategic role of LAS in digital lending ✅ Market dynamics and emerging trends ✅ Technology-driven solutions for LAS ✅ Regulatory implications and compliance considerations ✅ The potential of LAS for inclusive lending Don't miss this opportunity to learn from industry experts and gain valuable insights. Date: 18th September | Time: 3:00 to 4:00 pm Register now: https://lnkd.in/dqudHu37 Shashank Shekhar | Sreekant Rudrabhatla | Vikrant Kulkarni | Akhil S. | Jomy Mathew #LAS #DigitalLending #SecuredLoans #FinTech #Webinar #RiskMitigation #Technology #Innovation #Compliance

The housing loan market has undergone a significant transformation over the past few decades, shifting from traditional banking methods to a more digital, efficient, and customer-centric approach. In the days of traditional banking, securing a home loan was a challenging endeavor fraught with numerous documentation, steps, processes, and requirements. Borrowers had to visit bank branches multiple times, fill out extensive forms, and submit numerous physical documents. This process was not only time-consuming but also prone to data errors. Due to manual verifications and processing, approval times were significantly long, often taking several weeks or even months, which was a major inconvenience for borrowers who needed quick access to funds.  Home loans were primarily accessible to salaried individuals working in reputed companies, while self-employed individuals and those with irregular income faced difficulties in securing loans due to rigid eligibility criteria and lack of proper documentation. Additionally, high operational costs were transferred to borrowers through higher interest rates and fees, making home loans expensive. Customer interactions were limited to physical branches, restricting accessibility and convenience, while the lack of transparency in loan processes often resulted in confusion and delays. Read more here: https://lnkd.in/d3fuX26a #digitization #automation #onlinehomeloans #mobilebanking #loanapprovalprocess #accessibility #transparency #customerexperience #affordability #interestrates #fees #documentation #eligibilitycriteria

In August 2024, the fintech industry secured USD 28 million in funding, marking a slight decrease from previous months. However, investors are increasingly focused on identifying and backing startups with innovative and unique business models. This brings the total fintech investments for the year to a substantial USD 427 million, highlighting the strong investor activity in the sector. The Payments sector emerged as the most funded segment this month, drawing USD 19 million. The Payments sector is seeing a resurgence of interest, with investments spread across diverse areas such as cross-border Online Payment Gateway Service Providers (OPGSP), escrow payments, rewards programs, Bharat Bill Payment System (BBPS) Third-Party Service Providers (TSPs), and payment gateways. This reflects the growing recognition of the critical role these companies play in the evolving financial landscape. Meanwhile, the Lending sector also saw strong performance, ranking as the second-highest funded segment for the month. Startups operating in sub-sectors like trade finance and loan marketplaces have attracted significant investor attention. Many of these investments are directed toward early-stage companies in seed or Series A rounds. These startups, characterized by their innovative approaches and unique business models, have captured the interest of investors, signaling continued growth and a vibrant future for both the Payments and Lending sectors in the fintech industry. Read more here: https://lnkd.in/dBay5REm Sameer Singh Jaini | Shashank Shekhar | Sreekant Rudrabhatla | Vikrant Kulkarni | Deepak Sai | Pratap Rajkumar #FinTechIndia #IndianFinTech #FinTechInvestment #IndianStartup #DigitalPayments #PaymentsInnovation #CrossBorderPayments #OPGSP #EscrowPayments #RewardsPrograms #BBPS #PaymentGateways #FinTechLending #TradeFinance #LoanMarketplace #FinancialInclusion #SMEFinance

Join The Digital Fifth and 50Fin for a knowledge session on "𝐒𝐜𝐚𝐥𝐢𝐧𝐠 𝐋𝐨𝐚𝐧𝐬 𝐀𝐠𝐚𝐢𝐧𝐬𝐭 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 (𝐋𝐀𝐒): 𝐀 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐀𝐩𝐩𝐫𝐨𝐚𝐜𝐡 𝐭𝐨 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐋𝐞𝐧𝐝𝐢𝐧𝐠" Date: 18th September | Time: 3:00 to 4:00 pm Register now: https://lnkd.in/dqudHu37 Secured lending, a traditional practice, has been gaining momentum due to its risk mitigation benefits. However, the digital age has introduced new opportunities and challenges. LAS, by leveraging technology, offers a more efficient and scalable solution. In this knowledge Session our speakers,  📌 Aditya Srinivas Prasad, Co-Founder & CEO, 50Fin 📌Raahul Khurana, SVP Product Management, Lentra 📌 Sameer Singh Jaini, Founder and CEO, The Digital Fifth will delve into: ✅ The strategic role of LAS in digital lending ✅ Market dynamics and emerging trends ✅ Technology-driven solutions for LAS ✅ Regulatory implications and compliance considerations ✅ The potential of LAS for inclusive lending Don't miss this opportunity to learn from industry experts and gain valuable insights. Date: 18th September | Time: 3:00 to 4:00 pm Register now: https://lnkd.in/dqudHu37 Shashank Shekhar | Sreekant Rudrabhatla | Vikrant Kulkarni | Akhil S. | Jomy Mathew #LAS #DigitalLending #SecuredLoans #FinTech #Webinar #RiskMitigation #Technology #Innovation #Compliance

The landscape of financial services is undergoing a dramatic transformation, driven by advancements in open banking, embedded finance, and the evolution of digital banking. This shift is not merely about adopting more agile and customer-centric services; it represents a fundamental change in the financial ecosystem itself. Financial institutions are now harnessing technology to streamline processes and enhance customer experiences, necessitating a deep understanding and management of the emerging risks associated with these technological advancements. Some key trends influencing the industry include: 𝐁𝐚𝐧𝐤-𝐅𝐢𝐧𝐭𝐞𝐜𝐡 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩𝐬: Banks are increasingly collaborating with agile fintech companies to expand their services and reach new customer segments. Successful partnerships hinge on robust trust and security foundations, demanding stringent information security standards and clear operational protocols. 𝐓𝐞𝐜𝐡 𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐫𝐬 𝐚𝐬 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬: Technology providers are crucial in the digital transformation of banking, offering solutions that automate processes, streamline operations, and reduce costs. Their success is contingent upon regular security audits, continuous monitoring, and strict compliance with regulatory guidelines, thereby enabling banks to establish secure and scalable operational frameworks. 𝐃𝐚𝐭𝐚 𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐫𝐬 𝐚𝐧𝐝 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: Data providers play a critical role in the BFSI ecosystem by offering valuable customer data insights, which help banks create precise customer profiles and implement effective fraud prevention measures. 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐋𝐨𝐚𝐧 𝐎𝐫𝐢𝐠𝐢𝐧𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐲𝐬𝐭𝐞𝐦𝐬: Efficient loan processing and management require seamless integration of Loan Origination Systems (LOS) and Loan Management Systems (LMS) with core banking systems. Incorporating regulations into customer journeys enhances compliance and streamlines the application process, while digital onboarding and improved loan management features significantly reduce turnaround times and costs. 𝐀𝐏𝐈 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲: APIs are central to data exchange in the financial sector, facilitating secure and efficient communication between various applications and systems. As the reliance on API-driven data sharing grows, implementing advanced security protocols, real-time threat detection, and multi-factor authentication becomes essential to protect data integrity and maintain service availability. Read more: https://lnkd.in/dRNb94Kj #FinTech #DigitalBanking #BankingTransformation #FinancialServices #FutureOfFinance #Innovation #Technology #CustomerExperience #OpenBanking #EmbeddedFinance #BankFintechPartnerships #TechProviders #DataDrivenBanking #LoanOrigination

The BFSI industry is undergoing a rapid digital revolution. However, managing large-scale transformation initiatives can be complex. Successful program management is essential for driving digital transformation initiatives in the BFSI sector. By addressing the challenges and implementing effective strategies, organizations can achieve desired outcomes, improve efficiency, and enhance their competitive position. Our recently conducted webinar on "Unlocking Success: Best Practices in Program Management for BFSI" will equip you with the knowledge and skills to navigate the unique nuances and challenges of BFSI transformation programs. Our speakers: Shashank Shekhar, Co-founder & Senior Consultant, The Digital Fifth Vanshika Agrawal, Associate Consultant, The Digital Fifth Discussed below key points - Nuances and Challenges for Digital & Transformation Programs - Different Elements of Project Management - Critical Success Factors for Successful Programs - Key Project Manager Traits for Strategic Initiatives Watch now: https://lnkd.in/dKc4SbvC #BFSI #DigitalTransformation #ProjectManagement #TransformationPrograms #SuccessFactors #IndustryWebinar #TheDigitalFifth #BFSIInnovation #TechInBFSI #StrategicInitiatives

📢Be the Catalyst for Change in BFSI at Bharat Fintech Summit 2025 Get your pass now: https://lnkd.in/dc-WryzD The Bharat Fintech Summit is back and bigger than ever for its 3rd edition on 5th and 6th February 2025. After two phenomenal years with participation soaring from 1,400 to 1,800 delegates, we are set to welcome 2,500+ industry leaders, innovators, and practitioners this year. 🎫 We are launching the Delegate Passes with an 𝐄𝐚𝐫𝐥𝐲 𝐁𝐢𝐫𝐝 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭: 𝐆𝐫𝐚𝐛 𝐲𝐨𝐮𝐫 𝐥𝐢𝐦𝐢𝐭𝐞𝐝 𝐩𝐚𝐬𝐬 𝐧𝐨𝐰 𝐚𝐭 𝐭𝐡𝐞 𝐝𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐞𝐝 𝐩𝐫𝐢𝐜𝐞 𝐨𝐟₹6000/- (𝐚𝐜𝐭𝐮𝐚𝐥 𝐩𝐫𝐢𝐜𝐞₹12000/-). 𝐋𝐢𝐦𝐢𝐭𝐞𝐝 𝐩𝐚𝐬𝐬𝐞𝐬 𝐚𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞! But Hurry – This Offer Won't Last Long! 🎯Why you can’t miss? 5000+ 𝐅𝐨𝐨𝐭𝐟𝐚𝐥𝐥𝐬| 250+ 𝐒𝐩𝐞𝐚𝐤𝐞𝐫𝐬| 60+ 𝐩𝐚𝐧𝐞𝐥𝐬| 15+ 𝐅𝐢𝐫𝐞𝐬𝐢𝐝𝐞 𝐜𝐡𝐚𝐭𝐬| 20+ 𝐌𝐚𝐬𝐭𝐞𝐫𝐜𝐥𝐚𝐬𝐬| 5 𝐫𝐞𝐩𝐨𝐫𝐭 𝐥𝐚𝐮𝐧𝐜𝐡𝐞𝐬| 20+ 𝐖𝐨𝐫𝐤𝐬𝐡𝐨𝐩𝐬| 20+ 𝐃𝐞𝐦𝐨𝐬 Sameer Singh Jaini | Shashank Shekhar | Sreekant Rudrabhatla | Vikrant Kulkarni | Deepak Sai #DigitalPayments #FinancialTechnology #FintechRevolution #Banking #Investment #FinancialServices #InclusiveGrowth #SustainableFinance #DigitalIndia #EarlyBirdDiscount #LimitedPasses #GrabYourPass #IndustryLeaders #FintechLeaders #FutureofFinance #Panels #FiresideChats #Masterclasses #Workshops #Demos #ReportLaunch #Networking

📢 Calling All Fintech & Digital Champions! Nominate for the 𝐅𝐢𝐧𝐭𝐞𝐜𝐡 𝐚𝐧𝐝 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐞𝐱𝐜𝐞𝐥𝐥𝐞𝐧𝐜𝐞 𝐀𝐰𝐚𝐫𝐝𝐬 2025 and get the spotlight you deserve!! Nominate The Indian Fintech industry is booming, and the Bharat Fintech Summit Awards 2025 is ready to celebrate its brightest stars! This is your chance to be recognized! The Bharat Fintech Summit Awards honor exceptional achievements across a wide range of categories: 🏆 Thought Leaders ✔ Fintech Leader of the Year ✔ Woman Fintech Leader of the Year ✔ CTO / CIO of the Year - Fintech & Banking ✔ Excellence in Fintech 🏆 Fintech Categories: ✔ Best Emerging Fintech Startup ✔ Best Fintech in Financial Inclusion ✔ Best UI/UX in Fintech ✔ Best Payment Fintech ✔ Best Lending Fintech ✔ Best RegTech ✔ Best InsurTech ✔ Best WealthTech ✔ Best Use of Emerging Technologies in Fintech Don't miss this opportunity to showcase your contributions and gain recognition!! Nominate yourself or someone deserving today: https://lnkd.in/dFBtdb-H Sameer Singh Jaini | Shashank Shekhar | Sreekant Rudrabhatla | Vikrant Kulkarni | Deepak Sai #BharatFintechSummit #FintechAwards #DigitalExcellence #NominationsOpen