A Complete Overview of the Lending Space Within the Fintech Segment KEY FEATURES ● Creating a thriving Fintech platform for the lending industry that can last for the long run. ● Realizing the importance of voice, video, and vernacular in financial technology. ● Preparing investment pitches for different start-ups in the financial technology industry. DESCRIPTION For anyone interested in learning more about the Fintech business in general and the Lending space in particular, this book is an excellent resource because it is based primarily on the author's practical experience rather than on theoretical frameworks. This book provides insights into how to construct the technological platform and craft a vision document, thus making it valuable for aspiring entrepreneurs who wish to launch careers in Fintech, whether in lending or otherwise. That way, they'll understand how to present their proposal to potential investors in a better way. New grads looking to break into the Fintech business can also benefit from this guide, as it will help them understand the sector and prepare them for the rigors of the hiring process. Leaders at the highest level of an organization can also learn from this book, as it contains numerous examples of actual problems and solutions that have been tried and tested in the real world. Ultimately, this book is for anyone with any connection to the Fintech industry. WHAT YOU WILL LEARN ● Use this book as a manual to ensure your endeavors are successful and within calculated risks. ● Includes Fintech definitions, terminologies, and the evolution of Fintech. ● Assess the technology landscape and availability of various tools for your digital Fintech. ● Uncover every technical aspect to strengthen your Fintech platform. ● Expert tips for pitching a Fintech idea to investors. ● Complete knowledge of investors' availability at different start-up stages. WHO THIS BOOK IS FOR This guide will be helpful for aspiring business owners, C-suite executives, and other decision-makers who want to shape their fintech company in the right direction. In addition, it will be helpful for recent college grads interested in pursuing a job in the financial technology industry. TABLE OF CONTENTS 1. Introduction to Fintech 2. Evolution of Fintech 3. Fintech in Lending Space 4. Building a Secured Tech Stack 5. The Three Vs of Fintech 6. The Investment Pitch 7. Epilogue
Author(s): Ashok Mittal
Publisher: BPB Publications
Year: 2022
Language: English
Pages: 195
Book title
inner title
Copyright
Dedicated
About the Author
About the Reviewer
Acknowledgement
Preface
Coloured Images
Piracy
Table of Contents
Chapter 1: Introduction to Fintech
Introduction
Structure
Objectives
Introduction to Fintech
Definitions related to Fintech
Technology in financial setups
Conclusion
Chapter 2: Evolution of Fintech
Introduction
Structure
Objectives
Evolution of fintech
Evolution of banking
Evolution of credit card
Current technology scenario
Fintech and technologies
Artificial intelligence and machine learning
Robotic process automation
Data analytics
Blockchain
Fintech startups
Financial sector case studies
Paytm
BharatPe
CRED
Razorpay
MobiKwik
Insurance sector
Digit
Turtlemint
Lending space
Prest Loans
ZestMoney
Faircent
i2iFunding
Neo banks
Jupiter
Other financial services startups
FamPay
Zeta
Zerodha
Conclusion
References
Chapter 3: Fintech in Lending Space
Introduction
Structure
Objectives
Understanding various kinds of loans aggregated by fintech companies
Consumer loans
Gold loans
Personal loans
Auto loans
Business or MSME loans
How to be a real fintech or digital lending institution?
Customer acquisition or sourcing
Acquiring the customer digitally
Application, website and/or app
Verifying APIs
WhatsApp APIs
Credit underwriting
Automatic scorecard
Variables fields in the scorecard
Credit Bureau Integration
Auto analysis of qualitative parameters
Disbursement
Loan servicing and monitoring
Collection or recovery
Legal
Accounting
MIS generation
Conclusion
Chapter 4: Building a Secured Tech Stack
Introduction
Structure
Objectives
Technology - An absolute necessity
Technology exposure based on business size and stage
Use of technology
Parameters for selecting a tech stack
Tech stack examples
Technology Stack of INDIFI (India): Lending institution
Security of a Fintech software
Terminology
Security system
Importance of security
Backup/ data protection solutions
Deployment of software
Steps in the deployment of software
Preparation
Testing
Deployment
Maintenance of software
Various forms of software maintenance
The software maintenance process
Software maintenance techniques and strategies
Case studies of fintech in India
Tech platform for Fintech lending institution: LenDenClub
Conclusion
Chapter 5: The Three Vs of Fintech
Introduction
Structure
Objectives
Future of Fintech
Voice
Understanding the language
Processing the speech
Naturality of language to the conversation or voice or dialogue
Automation of the process flow and language
Case study of Saarthi.ai
The current state of technology
Challenging language phenomena
Bridging the gap
Video
Video as a tool for branding and marketing
Tips for effective fintech videos for branding
Vernacular
Conclusion
References
Chapter 6: The Investment Pitch
Introduction
Structure
Objectives
The need for a pitch for investments
Recognizing the requirements of various investors
Making an angel investor pitch
Considerations for right investment pitch
Business plan and projections
Business risks
Preparing an executive summary
Revenue model overview of the products/services
Key competitors/customer options and competitive advantage competitors
Revenue cost metrics
Prior revenues, current year estimates and next year projections
Marketing strategy
Total funds required and proposed deployment valuation
Establishment/shareholding pattern and external funding/patent by company or founders
Creating multiple possible scenarios
Follow up with the investors
Handling the term sheet
Update and inform other potential investors
Drafting a term sheet
Post investment management information system
Conclusion
Chapter 7: Epilogue
Introduction
Structure
Objectives
Fintech startups in India: Challenges and opportunities
Fintech: Growth roadmap
RBI’s payments vision 2025
Big push for e-payments
Use of technology
RBI norms for digital lending space
Summary of RBI recommendations for digital lending
Customer safety
Technology and data
Legal and regulatory
Key Points of RBI guidelines and the future of fintech
Role of Fintech in MSME credit
Conclusion
Points to remember
Index
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