| |December 20184CIOReviewEditorialFintech revolution has the potential to change the way we conduct transactions in all aspects of business. Although finance has been one of the last areas of business to see disruption, it is now catching up quickly. There are several technologies bringing about the transformation. Blockchain is making waves in the industry. It is disrupting the current bank system by being a real-time updating digital ledger that cannot be changed. This takes paper and fraud out of the equation. Wire and transfer fees will be decreased by using bitcoin, clearing and settlement can happen instantly, loans and credit applications can be assessed on the spot and consumers will have instant access to the funds they need and the answers they require. Automation is another disruptive trend and with simple processes being automated, bank employees and others in the finance industry will have more time to focus on higher-value tasks that take use more human brain power. As far as India is concerned, FinTech adoption in India is astonishingly high. Not surprisingly, the payments space leads this trend. Driven by mobile wallets, and more recent innovations including the Unified Payment Interface (UPI) platform, Indian consumers have embraced the use of mobile payments for day-to-day transactions. Other FinTech services are also gaining rapid adoption. Consumers are flocking to insurance aggregator and bank aggregator sites for comparison shopping. Over the last few years, India has also built a world-class enabling architecture for financial services that is spurring innovation. Almost all FinTech challengers are leveraging the Aadhaar ecosystem and related services to simplify account opening and servicing. In this issue, CIOReview India has come up with a list of 20 Most Promising FinTech Solution Providers who have proved their mettle in this domain with their innovative approach. These companies pride themselves on keeping pace with the latest technological advancements in this domain. We hope this issue gives you helpful insight into this market landscape. Sudhakar SinghEditorsudhakar@cioreviewindia.comIndia Adopting FinTech Expeditiously VOL 6 · ISSUE 12-5 · DECEMBER 14, 2018 PublisherOffice Editorial queries editor@cioreviewindia.com To subscribeVisit www.cioreviewindia.com/magazine-in or send email to: subscription@cioreviewindia.comCover price is Rs 150 per issueAshok KumarVirupakshi PattarAlok ChaturvediCIOReviewGroup Art DirectorVP - Sales & MarketingMagendran PerumalCirculation ManagerEditorial TeamCIOReview No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugheshpalya, Bangalore-560017Veena R PiddannavarSuanyaCIOReviewEditorSudhakar SinghVisualizersAdvertising queriessales@cioreviewindia.comBangaloreTel 080 46441103Sales & MarketingAmrit SinghIndranil ChakrabortyRavi Kalgi Rohit RaghubanshiAmeet Kumar SahooPrinted and published by Alok Chaturvedi on Behalf of Bizprint Media Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published at No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Copyright © 2018 Bizprint Media Technologies Pvt Ltd, All rights reserved. Re-production in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.Janifha EvangelineLakshmi GNazish HussainShaheen SaikiaSeena KennethSuchita GonsalvesVinisha PaivaNoidaTel 120 4639300
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