Home / Management / News / A potential blockbuster

A potential blockbuster

Fintechs may have the lead with open banking but banks too can benefit by playing their cards well

Premium

3 min read Last Updated : Dec 05 2019 | 5:06 PM IST

In the hinterlands of India, the marketplaces and trade fairs — popularly called melas — are synonymous with barters, bargains and bonhomie. Amidst the din surrounding decked-up platforms and shiny ferris wheels, there’s a great deal of information exchange happening. Traders know what sells like hot cakes at the event, money lenders have prospects lining up and buyers show off their negotiation skills.

This is an “open data” ecosystem, symbolic and in its most unassuming avatar. The concept of open data is woven around free availability, usage, publication and (re)distribution ungoverned by any condition. In India, demographic experiences of the

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

Topics : Fintech firms fintech companies Fintech sector

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in