Servicing Evolving BFSI Ecosystem

Broadly, the term "financial technology" can apply to any innovation in how people transact business, from the invention of digital money to double-entry bookkeeping. Since the internet revolution and the mobile internet/smartphone revolution, however, financial technology has grown explosively, and fintech, which originally referred to computer technology applied to the back office of banks or trading firms, now describes a broad variety of technological interventions into personal and commercial finance.

The advancement in technology has made it possible to effectively and efficiently integrate data across various processes. Financial institutions are increasingly getting integrated with each other. Banks can get more done with time by reconciliations models, auto-categorize transactions, manage accounts, also provide loan facilities with ease and digitally. This would reduce manual activities by automating bank transactions with the help of integration with other support systems like credit bureaus, asset management companies and various private and government agencies.

One of today’s quickest and easiest means of payment is direct debit, has found its place in the digital world. Transdigital’s E-mandate registration methodology allows banks and financial institutions to accept e-Mandates on their own website, while buyers can authorize mandates in the trusted environment of their own bank.

Who We Are

Financial technology (Fintech) is used to describe new tech that seeks to improve and automate the delivery and use of financial services.

Fintech provide firms with everything they can't get from financial service providers, e.g., seed capital, loans, financial advice, digital financial solutions, online services and many more.