Application Excercise -1

In the youtube video, they were mentioning about the new buzzword 'FinTech' & its importance. It
was a video describing what fintech is and showing a major FinTech conference in Amsterdam where
hundreds of companies are trying to disrupt the banking & finance industry by changing the way we
pay & borrow money.

An Interesting fact to me in this video was, In 2017 alone fintech investment surged by 18% and
startups focusing on payments & lending technologies received the majority of those funds. The
reason for such a huge investment is that consumers are adopting fintech quickly mentions that 1
out of every 3 people across 20 major economies report using at least 2 FinTech services in the last 6
months where M-Pesa could be taken as the best example.

With this, start-ups will be boosted to come up with innovative technologies. Also, the video
mentions that traditional lenders, insurers, and wealth/asset managers have to compete with Robo
advisors which are available 24/7 & can be more affordable. But the only risk is data privacy which is
a major concern as more financial services go digital cyberattacks become a bigger risk where the
FinTech companies should be in cautious regarding the growth of financial technology since it will be
more and more challenging in the future scenario.

Application Excercise -2

The given article describes the growth of FinTech in India and the drivers which boosted the FinTech
to growth.
The main 3 drivers which helped to boost the FinTech Industry are as follows-
 Government Policies: Initiatives led by the government and regulators for digital India like
demonetization, Jan Dhan Yojana, Aadhaar, aided by the growing internet and smartphone
penetration, have led to the adoption of FinTech and grow more and more customers
getting on the digital board.
 Accessibility: Its ability to solve for identity in the form of Aadhaar for formalization, getting
everyone a bank account or equivalents (PMJDY) to store money, building scalable
platform(s) to move money (IMPS, UPI, BBPS) and allowing banks and FinTech companies
and wealth/insurance/ lending players also to access platforms like UPI, GSTIN, and Digi
locker to innovate.
 AI & ML: FinTech offers the most convenient and flexible options for consumers.
Technology-led changes and adjustments of business models were accompanied by growth
in the financial services industry.

Application Excercise -3

 MoneySQ, an online lending platform, is a young FinTech company that utilizes

crowdfunding to match savvy investors with credit-worthy borrowers.

 In the video, they mentioned that Tableau was the tech solution they implemented in their
company which helped maximize their time and money with real-time data reporting and
decision-making, and improved communication and collaboration between different teams
through rich data visualizations. Also, the implementation was seamless which helped them
in data blending as well