Historically, Banks have enjoyed the privilege of being at the centre of development in the finance space. But today, that notion has changed, with the advent, and increasing popularity of startups in the FinTech space.
FinTech startups have brought about a revolution in the banking industry; a revolution which has been making waves across verticals like Alternative Lending, InsuranceTech, BankingTech, Remittances and Robo Advisors. Due to this, banks are compelled to either evolve, or to partner with these startups.
In line with this thought, Tracxn presents a list of startups innovating the FinTech space along with the total funding in that sector and the banks which are actively investing.
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