Siddharth Mehta Bay Capital

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...

  India has a new imperative of digitalization. Everyone is discussing digital business or implementing digital methods in their business. Recently, Siddharth Mehta IL&FS , former director and current founder and CIO of Bay Capital, believes that "companies must think 'digitally' if they are to compete and grow in the next ten years”. Digitization is the use of digital technologies to reinvent business models and increase revenue and value-added opportunities. Digital business models are changing. It encompasses digital technologies' ability to collect data, spot trends, and make smart business decisions, as well as the process of converting old business models to new technologies.  The introduction of digital technology will increase productivity and efficiency. Cloud computing, mobile devices, big data and analytics are some of the new technologies being developed that can help increase an organization's productivity and efficiency. Furthermore, some compan...

Apps from the government that are helpful might help you learn more about services and discover better methods to access them. While appreciating Indian Government for penetrating digitalization in the country Siddharth Mehta Bay Capital says, “these applications, especially the new ones released by the Indian Government, may be very helpful in circumstances like a shutdown or when preserving Social Distancing because you can use the app to perform your responsibilities rather than going to the government offices”. Continue reading to learn more about practical government applications and to discover ways to download them to your smartphone. 1: Arogya Setu App The Aarogya Setu app was released by the Indian government in an effort to aid citizens during the COVID-19 epidemic.  It provides access to crucial health-related information for Indian individuals. The app is being created to combat the continuing epidemic and aid in the Department of Health's outreach efforts. You...

  Since the epidemic affected the economy, a lot has changed. Almost everything has changed drastically as a result of the pandemic's conditions. The only area that requires the government's full attention now that everything has gone digital is the healthcare industry. One of the pillars that forms the base of an economy is a strong health care industry. “India needs to invest more in upgrading the research and knowledge technologies, as the adoption of digital health infrastructure has become a necessity after the pandemic” Siddharth Mehta Bay Capital Founder & CIO says.     We noticed a sizable uptake of digital health during the pandemic in India: 2,000 rural communities used teleconsultation, with 80% of first-timers and a 2000% rise in e-pharmacy orders. The "Digital Health ECG" predicts a bright future: according to a BCG FICCI Report, 60% of patients from Tier-1 cities and 65% of physicians stated they will continue to use digital platforms for prim...