Large banks have started investing heavily in technology and are focusing on scaling their digital businesses, a trend that is being replicated by small and mid-sized banks. This is opening up huge opportunities for enterprise fintech players.
Fintechs and embedded finance players are driving customer engagement in partnership with banks. This digital push is gradually expanding to complex business banking, including trade finance and treasury.
“The last decade witnessed a continuous influx of funds into enterprise fintechs. This, coupled with the entry of new-age players in various enterprise segments, is shedding light on the previously untapped potential of this market,”