REACH OF FINANCIAL SERVICES TO ALL THROUGH FINTECH IN SPRINGING ECONOMY

Abstract

New Financing Modalities (FINTECH) have created vast changes around the world. Because the principles of Block chain, Crypto currency, Artificial Intelligence, Machine Learning and their applications in the financial sector will be a development in the emerging economy like India. This chapter discuss about the growth of Fintech market in the India and through this fintech, all financial services will be reaching to each and every person in India. This chapter will also discuss about the lending and transactions made simple with the help of machine learning algorithms. The predictive behavorial analytics and data driven marketing will take the financial decisions. Customers are highly benefited, because their UPI transactions made simple with the services providing through Fintech. Apart from customers, decision makers in the financial sector also make credit decisions with in a fraction of second. Finally we present the beneficiary driven by fintech to customers in India and to which level they got knowledge about fintech services. we provide the detailed review of India to reach the inclusive economy, still more knowledge of fintech services and their importance will be providing to customers from the top to bottom level in the developing economy like India.

It is important to provide differential and convenient financial services in the fast changing business market. Finally we discuss about the financial revolution created by fintech , by this customers satisfaction index was improved in the emerging economy like India. At last we discuss here, fintech and their total financial performance will increase the living standards of customers.