A multi-decade investing spree in SaaS has created a vast and fertile field of roll-up opportunities globally, the managing director of Arkam Ventures, an early stage VC firm, writes
After decades of archaic systems, banks suddenly have a choice of third-party options for almost any core process
Illustration: Chaitanya Dinesh Surpur
India’s financial services sector has undergone massive transformation over the past two decades. Digitalisation has been the main driver as businesses and consumer expectations changed in the wake of Aadhaar, e-KYC, UPI and GST adoption. It’s not a stretch to say that every financial transaction flow has seen modification or is in the process of being transformed.
Think of payments, loans, investing, bank transfers, real estate registrations and taxes, just to scratch the surface. For India’s incumbent banks and financial services companies, digitalisation became a top priority with massive budget allocations.
(This story appears in the 17 May, 2024 issue of Forbes India. To visit our Archives, click here.)