Tech service providers leverage financial sector expertise for new biz

TSPs have long been associated with the transformation of the financial services industry; now, they are using that domain knowledge to help digital commerce and startups hire the right people

Technology service providers (TSPs) have been the backbone of India’s financial services industry through the sector's digital transformation, even as they kept pace with fraud and risk management. 

These companies, who provide back-end infrastructure solutions to entities, are now using their experience in financial services to cater to segments such as e-commerce and quick commerce, gig economy, fast moving consumer goods (FMCG), and even gaming. 

Use cases include background verification and know your customer (KYC) protocols, onboarding, criminal record checks, and fraud prevention. 

“We have an onboarding, risk and fraud as well as a privacy and data governance platform. The