Indian banks have enormous opportunities to develop new finance-related technologies to support its banking business as the country remains at the early stage of fintech development where digital services are offered across a large group of startups.
This is the view of Deepak Sharma, chief digital officer of Kotak Mahindra Bank, India’s second-largest bank by market capitalization, as he spoke to FinanceAsia in an exclusive interview about India’s fintech development.
“Indian banks now possess a lot of opportunities to develop non-bank digital product offerings because the fintech landscape is still highly fragmented without any company or institution dominating the sector,” Sharma told FinanceAsia.
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