Chitra Chellam

                                         Evolution of FinTech Sector in India Liberalization of Banks in 1992 led to the introduction of technology savvy banks in India. The government took legislative action to boost the banking system and promoted the use of new technology such as MICR, electronic fund transfer, and other electronic payments that revolutionized the banking system and in turn boosted the Indian economy. Since 1992, India’s fintech journey has been shaped by factors such as smartphone usage, internet access, regulatory support, and digital payment innovations. The phases of evolution of FinTech sector in India are listed below: Early Phase (Pre-2000s) During this phase, the banking sector in India relied on core banking solutions and IT-driven services. ATMs, NEFT, RTGS, and Electronic Clearing Services were introduced in the country. Growth...

                                     Major Players in Indian FinTech Industry There are 6,636 FinTech companies in India which play a crucial role in fulfilling the financial needs of underserved population of India with its wide range of services. Top 11 FinTech companies in India and their part in transforming finance sector are given below. 1)      Paytm (pay through mobile) Paytm founded in 2000 by Vijay Shekhar Sharma, provides consumers and sellers with payment, banking, lending, and insurance services. This company offers online transactions such as mobile recharges, utility bill payments, travel, movie, and event bookings, in-store payments at grocery stores, restaurants, parking, tolls, pharmacies, and educational institutions. 2)      Lendingkart This company was founded in 2014 by Harshavardhan and Mukul Sachan as a di...

 

  Entrepreneurial Skills Entrepreneurship is both a Challenge and a Great Opportunity. To convert challenges into opportunities & to covert opportunities into achievements, an entrepreneur needs the following qualities and skills to be successful: •         Curiosity - finding and exploring new opportunities •         Structured experimentation - Test the opportunity by conducting research & experimentation •         Adaptability •         Decisiveness •         Team Building •         Risk taking •         Comfortable with failure •         Persistence   •         Innovation •         Creative thinking ...

 

  Theories of Personality Research in personality development is conducted by psychologists to study how our personality develops and how our personality influences our thoughts and behaviour. Personality psychology is one of the major branches of psychology. These professionals analyse the reasons why and how the personality of people varies and why certain people look similar. According to them, factors like genetics, life experiences, exposure to external environment, and the way of nurturing a child by the parents shape the personality of an individual. Psychologists have introduced many theories of personality that explain the different aspects of personality, how personality has developed, and why people are unique in nature. Some of the theories are as follows: ·        Type Theory ·        Trait Theory ·        Social Learning Theory ·        Hum...