To attract new-generation borrowers, most banks are betting on fintech companies for technology and product innovations. Meanwhile, fintech firms in the lending category have also evolved over the past year and are shifting their focus from only banking products. They are converting themselves into a market place for all financial products. Mint takes you through the evolution of fintech companies.
Fintech aggregators
These companies typically worked as aggregators for banking products such as loans, credit cards and savings accounts. They are now also looking at investment and financial products such as mutual funds, insurance and personal finance apps.
