- Fintech has reduced the cost of operations by replacing traditional institutions with software-based applications making the process faster and lowering the processing fee for the customers.
2. With an increasing number of platforms like Freecharge etc facilitating mutual fund and other investments like stock trading, online trading will see a big jump in 2020.
3. Cryptocurrency monitoring and other online currencies that will start functioning need to be regulated – all these will require online setup and execution- Fintech will facilitate all these.
4. Mergers and acquisitions require a lot of financial tasks to be executed and coming 2020, with the Indian Govt bringing together Public Sector Banks being just one austerity measures among so many sell-offs and buy-ins /outs, Fintech has a serious role to play in these in order to improve execution and cut losses and expenses.
