Reference no: EM133821158
Mini Case & Discussion: Simple FinTech
From the video in the previous slide,
• Were you able to identify with the frustrations of accessing traditional banking using pre-smartphone technology?
• Is the parallel the speaker points to concerning automobile adoption versus FinTech adoption accurate?
• Will fiat cash exist in ten years?
TradFi Issues & Challenges
• Categorized in personal and corporate finance issues and challenges
• Legacy IT infrastructure
• Management inefficiency and lack of transparency
Bureaucratic business processes
Lack of clarity in decision making
Security: imbalance of access and security
• Transactions and remittances
Slow due to several intermediaries
Costly due to commissions and processing fees
Centralization and network monopoly
• Financial inclusion and accessibility to banking
• Absence of customization and personalization
Case Study-1: FinTech and Financial Inclusion
Case - IPPB DOCUMENTARY | India Post Payments Bank | Banking the Unbanked At the Last Mile
Question 1. What are the main issues that could be observed in this video case? Get It Done Now!
Question 2. Are all issues related to the banks? Are they technological issues?
Question 3. Can you describe the solution presented in the video as a list of items?
Question 4. List the main elements of the solution and rank them by importance.
Question 5. How many types of banking is there in this case? Can you identify a "new" one?
Question 6. Is there any aspect of FinTech in this case? Why and how?