Siddharth Mehta Bay Capital

 Fintech, or financial technology, is the use of technology to provide financial services like payments, loans, investing, and personal finance management. Despite the fact that banks also offer comparable financial services, Siddharth Mehta Bay Capital stated that fintech differs from traditional banks in a few key ways.    First of all, whereas Fintech companies frequently run entirely online, banks have physical locations where customers can visit and interact with bank employees. This online-only strategy may allow fintech companies to operate with lower overhead costs, and these savings can be distributed to customers in the form of lower fees and interest rates.    Fintech companies offer more specialized financial services than banks do, according to number two. Fintech businesses frequently focus on a small range of financial services and excel at providing cutting-edge solutions for a particular set of financial requirements. For instance, some fintech...

 The financial services sector has experienced significant disruption since the start of the world financial crisis in 2008. The emergence of the FinTech sector was partially influenced by public dissatisfaction with conventional financial institutions and their inability to adjust to shifting consumer demand. 30% of all digitally active consumers use fintech solutions, up from 15% in 2015, according to the EY Fintech Adoption study. As more people accept the digitalization of banks and gain access to essential financial services via technology, the industry is anticipated to continue expanding. According to Siddharth Mehta, Bay Capital CIO and Founder, FinTech is one of the most well-liked sectors in the current economy in terms of potential for short-, mid-, and long-term growth.    When thinking about social FinTech, it's important to distinguish between companies that are already socially responsible and those that have formalized CSR practices. On the other hand, soc...

The beginning of the global financial crisis in 2008 has caused major disruption in the financial services industry. General unhappiness with traditional financial institutions and their inability to adapt to changing customer demand contributed in part to the emergence of the FinTech sector. According to EY Fintech Adoption study, 30% of all digitally active consumers use fintech solutions, up from 15% in 2015. The industry is expected to keep growing as more people accept the digitalization of banks and get access to crucial financial services through technology. FinTech is one of the most well-liked areas in today's economy in terms of potential for short-, mid-, and long-term growth, according to Siddharth Mehta, Bay Capital CIO & Founder.   When considering social FinTech, it's critical to make a distinction between businesses that are de facto socially conscious and those that have established social corporate responsibility (CSR) procedures. On the other hand , so...

Hotel management makes up a small portion of the hospitality industry. Included are things like grub, wine, travel, and tourism. Additionally included are resort or event management. The tourism and hospitality sector is one of India's largest service industries, according to Siddharth Mehta il&fs .    In fact, the quickly expanding sector is going through a significant digital transformation that is significantly personalizing the customer experience. The market is being reshaped by modern innovations like face recognition, artificial intelligence, chatbots, and data analytics. Machine learning will be used to add numerous external factors to price suggestions. AI will be used, for instance, to analyze people's social media profiles, advancing booking process personalization.    To maintain their value and improve operations, hoteliers must take the initiative and drive the industry's digital revolution. This can be accomplished through cooperation with tech-sav...

The financial services industry has experienced significant change since the 2008 financial crisis began. General discontent with traditional financial institutions and their inability to adapt to shifting customer needs contributed in part to the growth of the FinTech sector. According to EY Fintech Adoption research, a third of all digitally active people use fintech products, an increase from 15% in 2015. According to projections, the industry will continue to grow as more people accept the digitization of banks and have access to crucial financial services through technology. According to Siddharth Mehta il&fs , "FinTech is one of the most well-liked sectors today in terms of potential for short-, mid-, and long-term growth.".    When discussing social FinTech, it's critical to distinguish between businesses that are ostensibly socially conscious and those that have established social corporate responsibility (CSR) practices. The main objective of social businesse...

We frequently get questions about the importance of banking digitization. Efficiency more than any other benefit provides a resolution to the problem. Digitalization in banking has raised both to entirely new planes, according to Siddharth Mehta il&fs . Banking operations are now carried out much more quickly and easily. By introducing simplicity, efficiency, and increased output, digitization has changed the mathematics and art of banking.    Digitalized banking processes include electronic signatures, mobile banking apps, quicker transactions, and many others. Therefore, one could argue that digitization has led to a rise in the efficiency of banking processes.    A lot more aesthetically pleasing, functional, and user-friendly, banking has evolved. Many people all over the world now have a great deal of ease thanks to this situation, which did not exist until recently. Digitalization's importance in this situation cannot be disputed. Read more here :  htt...

In recent years, digitization—the widespread use of interconnected digital services by consumers, businesses, and governments—has emerged as a significant economic engine that spurs expansion and makes it easier to create jobs. Digitization may be a significant tool for helping policymakers in the current setting of a slow global economy to promote economic development and jobs. As per Siddharth Mehta Il&fs (former director) says “ Digitalization is something that changes the society and surrou nd the environment and now it will stay here forever, ow you have to adapt the changes it makes around you ”.       The effects of digitalization vary by nation and industry, though. While developing nations tend to outpace developed economies in terms of employment creation by a comparable margin, developed economies benefit from economic expansion by a factor of roughly 25% more . The key factor separating the consequences of digitalization in established and emerging...