The emerging trends in fintech lending not only herald a transformative journey but also underscore the delicate balance between innovation and responsibility
FinTech BizNews Service
Mumbai, December 19, 2023: As we wrap up 2023, Madhusudan Ekambaram, Co-founder and CEO, KreditBee, shares very interesting observations on the fintech-sector at large and his outlook for 2024.
“We have seen a robust demand for credit in the Indian market, suggesting our evolving fintech landscape. This surge not only signifies the economic prowess of our nation but also speaks volumes about the aspirations of our people. NBFCs have played a pivotal role in extending financial services to previously underserved areas. The confluence of factors such as increased internet penetration, a burgeoning middle class, a tech-savvy customer base, and government initiatives has fueled this demand. Fintech lending companies, including KreditBee, have actively contributed to this shift, offering tailored products that resonate with the diverse needs of our expanding customer base.”
In fintech lending, rising cyber threats necessitate ongoing investment in cybersecurity. Madhusudan adds: “The spotlight in 2024 is on Regtech, integrating AI, blockchain, and cloud computing for compliance in the face of growing regulatory complexity. These emerging trends in fintech lending not only herald a transformative journey but also underscore the delicate balance between innovation and responsibility. They lay the groundwork for a future where finance is not only more efficient and customer-centric but also upholds ethical standards and champions inclusivity."
