A fintech transformation is under way in India. It began with the government working with tech evangelists to lay out the infrastructure: a biometrics-based Aadhaar ID for every citizen to enable authentication, and a unified payments interface (UPI) to simplify money transfer. Here are the ten potential disruptors:
Fingpay uses Aadhaar ID and biometric authentication to let merchants accepts digital payments even from customers who don’t have a card or wallet.
AnyTimeLoan provides short-term unsecured loans to needy people. Loans of Rs 1,000 – 60 are given for 1 to 90 days.
FRS Labs start-up has been providing fraud, risk, and security services since 2010.
DSYH stands for “don’t scratch your head.” The start-up helps sellers on e-commerce sites reconcile their accounts to ensure they are not losing out on receipts for returns, wrong charges, promotions, and so on
Sequretech tries to simplify it by building a risk profile based on metrics that change as an organization evolves.
Perpule provides a GPS-enabled app to identify a store and enable self-checkout.
S2Pay is another startup trying to solve the problem of hundreds of millions in India who don’t have the requisite internet connectivity or data plans to make digital payment.
Its AI-powered tool Phrazor converts complicated charts and tables into an easy narrative for a quick read.
Neuron provides a platform for developers to build AI-powered apps that use natural language processing
Beewise helps e-commerce and fintech players, such as lenders, to get user profiles based on purchase and financial data.
Rockmetric helps its clients integrate user engagement data across web, mobile, email, telephony, and CRM.
This is an excerpt from Tech in Asia. You can read the full article here