Siddharth Mehta IL&FS

Siddharth Mehta IL&FS former director and founder of Bay Capital, has spoken on the on the Digitalisation and its growth in India. According to him it will grow more and more in the coming future. According to him the demonetization and pandemic have played an important role in bringing out the Fintech in the limelight. Demonetization and Pandemic has laid a great emphasis on cashless drive economy and the Fintech companies played a key role in this. “Digital transformation of India is accelerating and it is tend to grow 10x in 10 years from here, to achieve about $800 billion, resulting in many large business” said Siddharth Mehta founder and CIO of Bay Capital.   “Digitalization connects families” said Siddharth Mehta founder and CIO of Bay Capital.   We can understand this by; it is easy to transfer money among the family members any time in digital form rather than visiting the bank. Since he is the investor in digital India so he also advices other investors to i...

FinTech is one of the newest strategies because it is fueled by the quick uptake of innovative technologies in the financial sector, including automated financial systems, funding platforms, alternative lending, digital payments, and money transfers. Siddharth Mehta il&fs explains some of the key developments that have contributed to the expansion of the fintech industry in this article.     More effective - Traditional banks received automated services in addition to those that can speed up their daily operations. They also give their employees some free time to use for innovation, problem-solving, and banking strategies. These factors have assisted conventional banks in fully automating and making a name for themselves in the fintech market. Additionally, it contributes to a rise in productivity.  Read more here : https://www.latestly.com/agency-news/business-news-fintech-startups-are-the-new-unicorn-of-the-market-says-siddharth-mehta-5031718.html Cheaper - With n...

Pandemic has a significant impact on the market and speeds up India's digital transformation. Over the past ten years, India has built up its digital infrastructure to the point where more than half of the population now engages in digital activity on a daily basis, helping it to overcome the challenges posed by its underdeveloped physical infrastructure. In India, everything is becoming more and more digitally driven, including bank accounts, Know Your Customer (KYC) processes, regular transactions, government and educational services, and even COVID vaccines. In order to put things in perspective, India will account for over 25 billion of the world's real-time payment transactions in 2020. With almost 16 billion transactions in 2020, China came in second. Read this also :  https://www.moneycontrol.com/news/business/companies/policybazaar-com-ipo-in-12-15-months-parent-firm-gets-capital-boost-from-bay-capital-6600971.html   In such a scenario, India may be seen as being on tr...

 Cloud computing has had a big impact on the Fintech sector. Financial services firms can now access, store, and analyze data more quickly, securely, and effectively than in the past thanks to cloud computing. According to Siddharth Mehta, chief information officer at Bay Capital, Fintech firms today have many options and are able to create cutting-edge goods, services, and technology that are changing the financial landscape.    When using cloud computing, remote servers and services are used instead of local servers or physical devices. It allows users to access information and programs via the internet or other distant networks. The implication is that companies may opt for a cloud-based solution rather than, say, having to buy, set up, and maintain an on-site chat server.  The burgeoning fintech industry has more unicorns than any other sector, according to Siddharth Mehta IL&FS . Fintech is becoming more and more compelled to use cloud technology because of ...

 F intech, or financial technology, is swiftly changing the financial landscape and how financial services are provided to people and businesses. Financial technology, according to Siddharth Mehta, CIO of Bay Capital, refers to companies—often start-ups—that are disrupting the financial services sector and offer a range of financial services. Wealth and brokerage, lending and credit, and payments and transactions are the categories with the biggest concentrations of fintech businesses, according to KPMG's Fintech 100.   Fintech is growing in other financial sectors as well, including blockchain, mortgages, and neo-banks. The products, services, and customer experiences of traditional banks and financial service providers are put to the test by digital native enterprises, who operate with or without a current banking licen s e. Bay Capital's Siddharth Mehta added.   For the banking sector, the growth of financial technology offers both advantages and disadvantages. Accord...

The rise of the trade finance industry in India has been remarkable in recent years. Trade finance refers to the financing of international trade transactions, such as importing and exporting goods and services. According to Siddharth Mehta IL&FS former director the growth of the trade finance industry in India can be attributed to several factors. First and foremost, India has emerged as a major player in global trade, with exports and imports growing rapidly in recent years. As a result, there is a growing demand for trade finance services to support these transactions. Secondly, the Indian government has taken several steps to promote international trade, including launching initiatives such as Make in India and Digital India. These initiatives have helped to boost the country's export capabilities and have created a favorable environment for the growth of the trade finance industry. Thirdly, the adoption of technology has played a significant role in the growth of the trad...