intech or TechFins: Two Sides of the same coin of Bank Digital Transformation Space
New Delhi, May 15 -- The world of finance and technology has been rapidly evolving in recent years, giving rise to a new breed of financial technology (fintech) companies that are leveraging technology to disrupt traditional financial services. However, there is another breed of company that provides cutting-edge technology to the Banks and NBFC to enable them to be as nimble as a fintech, they can be called as TechFin. Most FinTechs in the market are focused on Lending (secured and unsecured) space, while TechFins support the end to end Digital Transformation of a process from Origination to Credit underwriting to disbursement and also servicing, including collections.
One of the key differentiators that TechFin provides is MACH (Micro...
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