Viewpoint: Here is Why Fintech Startups Should Invest in Cyber Insurance
By Vanita D’Souza
With India’s financial inclusion and easy access to credit for the MSME, the industry is all set for an upward trajectory. However, there are several last mile delivery issues in the financial services space – especially with the cost of servicing smaller customers. This is where the fintech companies and its innovative business model are disrupting decades-old businesses.
According to NASSCOM report, which was published this year, transaction value among fintech companies is expected to reach USD 73 billion in 2020 and the market is forecasted to touch USD 2.4 billion by 2020.
Photo courtesy of Simone McCourtie.