FinTech : The Change Agent
The COVID 19 pandemic was formerly notified by World Health Organisation on 11 th March 2020. This prompted governments worldwide restricting movement of people which brought manufacturing, supply chain, trade , distribution channels and general mobility to a grinding halt impacting economic activity negatively. While on the one hand, the social distancing norms created a void in the entire transaction cycle , it also gave headwinds to the growth of contact less transactions to bridge that. The FinTech model have been evolving over last few years, thanks to the innovations of FinTech players worldwide, to compliment the traditional Financial Service industry and help them provide services to the unserved and underserved segments. Fintech disrupts, enables or collaborates with various segments of BFSI ( bank, financial services , insurance) sector. With the pandemic induced closure and restrictions in the neo normal, FinTechs have many opportunities given the strong need for di