Unlocking Indian Enterprise Fintech Market

Who are Enterprise Fintech?

Enterprise Fintechs comprise both front-end and back-end software systems across the BFSI sector. They streamline operations, improve customer engagement, automate workflows and enhance efficiency for enterprises/banks/NBFCs etc

Why Read this report?

• Insights gathered from interviews with 25+ market leaders in areas of Bankingtech, Lendingtech, Paytech, Regtech, Insurtech and Wealthtech sectors.
• Unique report offering detailed breakdowns by subsegment, highlighting key players, future trends, market synergies, and investment opportunities.

Key Insights.

• Enterprise fintech set to hit a $20 billion market size by 2030.
• Banks and financial institutions transitioning to 100% digital for retail and MSME segments by 2030.
• Decoupling of engagement and banking layers opens doors for Anything-as-a-Service (XaaS).
• Rising digital adoption strains FI’s core banking and lending systems, prompting exploration of replacement and dual-core options
• Industry perception has shifted, technology is now seen as a strategic revenue driver and customer engagement tool, not just a cost center.
• FIs are considering Dual-core Switch Stacks and integrated payment hubs to handle diverse payment methods efficiently.
• Enterprise Wealthtechs are offering personalized portfolio recommendations to meet increasing demand for tailored investment advice.
• Regulatory scrutiny is prompting banks, Fintechs, LSPs, and others to enhance governance and compliance frameworks, driving investment in Regtech.

Bankingtech:
1. Large banks are heavily investing in technology to scale their digital operations, setting a template for smaller banks.
2. Fintechs and Embedded Finance players are partnering with banks to drive customer engagement and innovation.

Lendingtech:
1. Evolving regulatory frameworks in digital lending drive increased technology investment by lenders.
2. Digital lenders innovate with products like Pre-Approved Loans, and B2B BNPL, transitioning revenue models from License-based to Percentage of AUM-based.

Paytech:
1. India progresses towards a cashless economy, targeting complete elimination within the next decade.
2. Regulatory initiatives and NPCI innovations propel payments innovation, including NEFT, RTGS, UPI, RuPay, and initiatives like MDR waiver and Tokenization.

Regtech:
1. Government initiatives and regulatory focus drive demand for Regtech solutions, ensuring compliance and data security in Fintech.
2. RBI’s KYC Direction mandates strict due diligence, prompting FIs to collaborate with Regtechs to enhance compliance and fraud prevention.

Wealthtech:
1. India’s Wealth Management sector grows with diverse assets and tech investments, driven by a shift towards an investment-focused mindset.
2. Millennials lead digital wealth management with Robo-advisors, democratizing investment access.

Insurtech:
1. The Government’s focus on increasing market penetration, with a mission to provide insurance for all by 2047, is driving the Enterprise Insurtech market.
2. Insurance as a Service player with innovative plug-and-play stacks are in focus and gaining traction.