Financial inclusion through fintechs

By helping to eliminate information asymmetry across the user journey, fintech has made the equitable distribution of financial services easier. This ensures better inclusivity.

Technology has been the cornerstone of ensuring sustainable as well as scalable solutions for the financial services ecosystem. Insurtech — often considered the final frontier of fintech disruption — has been flourishing over the past decade. Right from product discovery to underwriting norms, from risk assessment to claim settlement, technology has aided a frictionless and meticulous workflow across the insurance value chain.

The next obvious step is to take technology to the masses by making it more adaptable and accessible. This is where financial inclusion through fintechs comes into the picture. Today, we have a heterogeneous market that no longer