India has a diversified financial sector that is undergoing rapid expansion. We are living in a world, where from booking a holiday, cab, flight, movie tickets to ordering food or even catching up on the latest news, all is enabled by the smart phones we carry. As technology is advancing, so is consumer demand for simplified, tech-enabled services across industries. The emergence of financial technology in the consumer banking space is pushing banks to update themselves & adopt a more consumer-centric and Technology-based approach.
Banking has been one sector that has been categorized by its low level of differentiation and engagement. It is also an industry that has been the slowest to change and evolve with time, often leaving consumers exasperated by the complexity of the banking process. On the other hand, the advent of new technologies, evolving expectations of customers, emerging business models and stricter regulations are trying to make banks constantly catch up with technology in a rapidly changing world.
India is in the top ten financial technology markets in the world. Currently, more than 600 startups are in the field of lending, payments, insurance and trading. Given the proliferation of digital payments in the country, the current financial technology software services market stands at USD 8 billion & this is expected to grow to about USD 14 billion by 2020. There is something new in the FinTech space every day. FinTech industry is freshly alive and ripe with immense opportunities. Post-Graduate Diploma in FinTech will provide the participants with a multitude of avenues into this red-hot field, all with the potential to change their life and the world too.