Fintechs see inflexion point as Covid-19 gives fillip to digital modes

Fintechs are at an inflection point with the Covid-19 pandemic giving a huge fillip to digital modes, reports Raghu Mohan

Because that’s where the money is,” is a quip attributed to Willie Sutton, who robbed over a hundred banks in the US. He denied having said so in his book Where the Money Was-The Memoirs of a Bank Robber (1976), but his on-record, “You cannot rob a bank on charm and personality,” may well guide fintechs.

“I don’t think it is going to be about fintechs and non-fintechs any more. All ‘fin’ will be ‘tech’, and all ‘tech’ will be ‘fin’,” says Vikram Vaidyanathan, Managing Director (MD) at Matrix Partners (India). 

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