Big data in the finance industry will help overcome major challenges, gaining valuable insights to improve customer satisfaction and overall banking experience.
What would your city do if it were struggling with perennial traffic congestion? India would bet big on a rollout of metro railways in as many cities as possible. Japan probably has no clue about the word ‘traffic’. China would build something to flaunt their tech superiority. No kidding; they are already working on a 1000-kmph ‘Super Maglev’ to take on Hyperloop.
Every day on the road we pass by them. Trucks, bearing the logos and cargo of companies in industries ranging from manufacturing to food, consumer goods to raw materials, each day traverse the seemingly endless thousands of miles of road in our nation to fill our stores and homes with their goods.
The US is at once monolithic and factious. It has a federal administration as well as each state having their own separate government. Constitutionally, each of the fifty states and the US as a whole is a sovereign jurisdiction. Each state is structured with an executive, legislative and judicial branch and they have the power to make laws covering anything not preempted by the federal constitution, federal law or international treaties. The role of state governors is like that of the president of the US.
India is one of the forerunners in Digital Transformation, and FinTech marketplace is at the heart of this boom. The breadth and depth of solutions across FinTech Lending in the country is impressive and clearly indicates that a massive revolution is underway.
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