In spite of slowdown in lending, Indian start-ups have surpassed China in number of Fintech deals in the previous quarter. China had slightly higher net investments in the same space.
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Financial technology, often shortened to fintech, is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance. The use of smartphones for mobile banking, investing services and cryptocurrency are examples of technologies aiming to make financial services more accessible to the general public. Financial technology companies consist of both startups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies. More Info
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Livemint – Fintech deals in Indian startups surpass China despite a lending slowdown
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