Financial Technology, commonly known as Fintech, has carved a way out of innovation and flexibility for not only the new-age companies, breaking the supremacy of the big giants in the field, but also for the end-consumers of the offered products, services or platforms. Pandemic, holding a substantial piece of action, fueled the need for remote management of the financial ecosystem without hampering efficiency, led to the digitalization of the classic domains of banking, investment and payments, alongside further improvisation with the infusion of cognitive technologies. 

Value-add factors such as marked up convenience, simplified access, transparency of records, cost efficiency, heightened productivity and speedy processing have boosted the growth of Fintech and advanced infusions of customer-centric innovation. The Fintech canopy has multiple segmented branches that market players are either catering to individually, aiming at a specialized front or added under a group of services clubbed together to secure a larger target market.

Finance Technology has proven to be beneficial as a standalone as well as a crucial value add in the financial chains for various other sectors. With the increase in traction from the investors globally, Fintech is continuously expanding and evolving. 20% of the worlds Unicorns are Fintech companies, enabling automation in the traditional financial methods for effective operations & smart processing.

Due to the digitalization of financial services, FinTech stat-ups have secured the ability to expand across geographical boundaries. The Roadmap for the same must include a detailed understanding of the market gaps & opportunities to identify the market-fit offerings along with, sufficient understanding of the nations regulations and norms to be implemented and followed while carrying out the intended processes.