ABSTRACT
FinTechs started their journey in the midst of gloom and doom prophecies because of the financial meltdown. They started tapping the opportunities which were otherwise being considered as too difficult to pursue or did not have had a justifiable return on investment, or the business may not have been compliant with the regulatory requirements. The disruption caused by challenger banks and insurance aggregators has definitely made established firms to take notice of FinTech impact and threat from them to their business. Therefore, the financial institutions, large retailers and telecom operators are all looking to collaborate to acquire these start-ups to expand their business scope and in some cases to eliminate the competition. FinTechs have disrupted the financial services market by tweaking and transforming the business and operational processes. Additionally, they have remained agile, nimble and have to worry less about regulatory compliance as compared to established.
