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  Siddharth Mehta IL&FS believes that Fintech are the new unicorn in the market. According to him these start-ups are expanding quickly. India being the seventh largest country in the world where on an average a person is spending 6 hrs/a day on internet and increase in demand for low cost smartphone. Fintech has changed the lifestyle of people the way it was. Now the people are using digital method of payment and banking also for wide variety of activities online. Siddharth Mehta IL&FS called the Fintech companies the new unicorn of the market. Life since outbreak of the pandemic is not same anymore and these Fintech companies, there are many like Paytym, LendingKart, PhonePe and many more have turned customer life from traditional to the digital one. It also have a tremendous impact on the finance sector of the economy. We can see there is a quick expansion of these Fintech companies in India. The government drive for the cashless economy and the pandemic they both have

Siddharth Mehta, the founder and CIO of Bay Capital, has claimed that India's digital revolution is just getting started and that the internet economy may grow by a factor of ten in the next ten years, reaching more than $800 billion, creating enormous shareholder wealth for many large businesses. In 2030, the financial markets and economy of India will look very different from how they do today.    A number of market segments have consolidated, and it is now clear who the leaders are in the digital ecosystem. Because of the nature of the digital economy, consumers must worldwide tend to favor fewer platforms. Many significant digital consumer technology businesses are now profitable on an EBITDA basis, and PAT profits appear to be on the way. As a result, leading firms will have a much higher percentage of traffic, revenue, and profit. Many of these franchises anticipate going public in the next 12 to 24 months due to their growth and profitability profiles, which will make them h

 Fintech, or financial technology, is a financial innovation made possible by technology. Monitoring financial transactions to spotting fraud are a few examples of this. Finance and artificial intelligence have significantly converged, according to Bay Capital's CIO Siddharth Mehta. The discussion of artificial intelligence technology has moved from the periphery to the center as a result of advancements in cognition and social simulation. These are the five ways that AI will alter fintech:.    Enhanced Security.    Because it significantly improves security, AI has been extremely successful in the financial technology sector. Siddharth Mehta IL&FS , claims that chat-bots, which simulate conversations and provide answers to frequently asked questions, make up the majority of AI used in cyber security today.   Task automation for the benefit of human workers.    Machine learning, data analytics, neural networks, and other AI-related technologies may significantly advance financ

The Fintech industry has been significantly impacted by cloud computing. Because of cloud computing, financial services companies can now access, store, and analyze data more rapidly, securely, and efficiently than before. According to Siddharth Mehta Bay Capital CIO, Fintech companies today have a wide range of options and can develop novel products, services, and technology that are altering the financial landscape.   Cloud computing makes use of distant servers and services as opposed to local servers or physical devices. Users can access data and applications over the internet or other far-off networks thanks to it. This suggests that businesses may choose for a cloud-based solution as opposed to, say, having to purchase , set up, and maintain an on-site chat server.   According to Siddharth Mehta, a former director of IL&FS, the expanding fintech sector has more unicorns than any other sector. Due to the massive volumes of data that need to be managed, preserved, and proc

 Fintech is an acronym for "financial technology.". Any program, piece of software, or technological innovation that enables people or organizations to conduct financial transactions or gain digital access to their accounts is referred to as such.    In the past ten years, as more people have used digital technologies, according to Siddharth Mehta, CIO of Bay Capital, fintech has become a way for people to deal with financial difficulties and move toward financial goals. As a result, consumers have come to rely on fintech in addition to its obvious daily benefits for a variety of activities such as banking, budgeting, investing, and lending.    Fintech programs come in a variety of forms and work in a variety of ways. Financial account data (like transactions and account balances) may be safely unlocked with an app or service that performs an action to augment or enrich such data.    To give consumers quick access to all of their financial information, wealth and financial ma

 Digitization is becoming more and more important and pervasive in all aspects of our lives. However, according to Siddharth Mehta IL&FS , we'll focus on a few elements of how to use digitization effectively to enhance corporate management today.    There are a lot of advantages to digitization for management. For instance, managers can use digital technologies to monitor the growth and productivity of their workforce. They could also help managers and their staff have more fruitful conversations. With the aid of digitalization, managers can also reduce the amount of paperwork and other administrative tasks that they must complete on a regular basis. Ultimately, digitalization has the potential to increase management's effectiveness and efficiency.    Through the use of digital technology, a business can increase internal communication and transparency. This is true, especially in light of how simple it is to share information and communicate with others thanks to digital t

 As siddharth mehta il&fs former director applauds the Indian government for requiring the public to use digital platforms during the pandemic. As a result of the coronavirus outbreak, India was able to quickly adapt to digital platforms. India has undergone a digital transformation, and it is developing quickly and forging its own path into the future. A new paradigm for operating your business is required in the new digital era, and digital transformation can be a suitable platform.   This blog is all about the advantages that a digital transformation will bring to your company's ability to operate profitably and sustainably.    A greater level of effectiveness and productivity.  Improved management of resources.  The capacity for adaptability and resilience.  A more prominent online presence.  Customer interaction has increased.  Increased responsiveness results in better satisfaction of business needs.  An increased sense of collaboration, creativity, and innovation.  It t