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FINTECH

FINANCIAL
TECHNOLOGY
FINTECH REVOLUTION IN INDIA
 FinTech or financial technology has emerged as a relatively new
industry in India. FinTech is an industry
comprising companies that use technology to offer financial
services. These companies operate in insurance, asset
management and payment, and numerous other industries.
 The report estimates that the total fintech software and services
market in India was around $8 billion in 2016 and likely to grow 1.7
times by 2020. The report adds that the transaction value for the
Indian fintech sector was approximately $33 billion in 2016 and
slated to reach $73 billion in 2020 growing at a five-year compound
annual growth rate (CAGR) of 22%.
 The Indian FinTech landscape is segmented as follows: 34% in
payment processing, followed by 32% in banking and 12% in the
trading, public and private markets. Accelerators and incubators
 tapping the startup ecosystem include PayPal’s Star Tank, Yes
Bank’s collaboration with T-Hub, among
FINTECH REVOLUTION IN INDIA
 This presents an ideal scenario for the growth of fintech firms in
India. There are over 900 fintech firms in India. Digital lending
which includes capital financing, peer to peer lending and SME
lending constitutes 31% of the fintech industry followed by
digital payments at 25% (NASSCOM & Zinnov, 2018). Many
global firms like Google Pay, Amazon Pay have also entered the
Indian fintech landscape. There are many reasons for the
growth of fintech in India.
STOCK TRADING
A stock market is where investors
connect to buy and sell investments most
commonly stocks, which are sharesof
ownership in a public company. It is
buying and selling shares of publicly
traded companies.
 Main stock exchange in India
1.National Stock Exchange:-
(Market capitalization more than
US$2.27 trillion as on
April 2018)
11th largest stock exchange.
2. Bombay Stock Exchange:-
(Market capitalization more than
US$2.2 trillion as on April 2018)
Asia’s 1st Stock Exchange
HOW DOES STOCK MARKET WORKS?
 The stock market works through a network of exchanges-
companies list shares of their stock on an exchange through
a process called an Initial Public Offering(IPO). Investors
purchase those shares, which allows the company to raise
money to grow its business.

HOW DO YOU INVEST IN STOCK


MARKET?
 You can purchase individual stocks through a brokerage
account or an individual retirement account. Both accounts
can be opened at an online broker, through which you can
buy and sell investments.
STOCK TRADING
Pros Cons
Subject to Higher Risk
 Investment Gains Time Consuming Investment
 Dividend Income Error and Connectivity
problem
 Ownership No Scope of Guidance from
 Easy Accessibility Broker

 Faster Transaction
 Focused
Investments
INDIA’S TOP 2 MOBILE BANKING APPS

1.Bank of Baroda’s M-Connect Plus


Application
Bank of Baroda Offers mobile banking services which allows the
customers to access their account details anywhere and
anytime .Customers can easily register for the services through
internet banking ,ATM ,visiting the banks’s branch, or directly
from the mobile banking app.

Bank of Baroda offers Baroda M-connect, which is a banking


application that customers can download on mobile phones and
use to carry out transactions on the move. Using M-connect,
customers of Bank of Baroda can transfer funds, access
their savings account information, recharge mobile, pay utility
bills, book movie tickets, flight tickets, and more. Availing Bank
of Baroda Mobile Banking Facility is so easy. Customers of Bank
of Baroda can avail the mobile banking facility or M-connect by
following these simple steps such as Registering, Downloading
software, Activate or installation of software.
FEATURES OF BANK
OF BARODA
 Given below are some of the features of M-
connect:
• It is easy to use as the registration process
as well as the activation process is simple.
• The login and transactions are secured with
two passwords, login passwords, as well as
mPIN.
• The menu is based on the icon and options
on the menu are easy to access.
• It works only on GPRS mode in Windows,
iOS, and Android. In Java phones, both GPRS
and SMS modes are available.
BENEFITS
 Financial services:
• Fund transfer within the same Bank of Baroda
Savings Account.
• Fund transfer to other banks through NEFT and
IMPS.
• DTH and mobile recharge.

 Non-financial services:
• Account mini statement.
• Account balance enquiry.
• Stop cheque facility.
• Transaction history.
• Change mPIN.
• Change login password.
• Update e-mail ID for mobile banking.
• Feedback.
2.CORPORATION BANK MOBILE APP

The Corporation Bank launched its mobile banking


platform named “Corp EASE.” The application was built
around customers to complete their operations through
the app and is available for all the retail customers as
well as the corporate customers of the bank. The
customer has to register their mobile number and
internet banking details for completing the registration
process.
This is a digital banking solution initiated by the
Corporation Bank. With this e-passbook, you no longer
need to register yourselves to avail the net banking
facilities. If you are a customer of the Corporation Bank
with a smartphone, registered mobile number with the
bank, and a single customer ID (CIF). You need to
download the application and install it.
• Once you open the application, click on send SMS
button.
• An OTP (One Time Password) will be sent to your
mobile number registered with the bank.
• You need to set a six-digit MPIN, and you will be
successfully registered for the Corp e-passbook.
FEATURES OF CORPORATION BANK

• A few features of the application are


as follows:
1. View all types of accounts separately on one application.
2. View real-time account balance.
3. View passbook in an offline mode.
4. Facility to download the account statement using email.
5. Facility to search particular transactions based on the
type of transaction, amount, and the remarks.
6. Facility to personalize the e-passbook.
7. Facility to share the account details via WhatsApp, email,
SMS, etc.
8. View a state-wise list of bank holidays.