vritti
September 2017
3
Blurb
Dear readers,
FinTech is not exclusive to startups anymore. Leading
financial institutions are embracing technology to grow
their business and expand their reach. This edition of
Vritti explores how the disruptive nature of FinTech is
revolutionizing financial services ranging from financial
inclusion to wealth management.
First up, we discuss what’s driving banks to expose APIs
and enable third party developers and applications to
access their customer data in a secure manner in the
article “Open Banking”.
Further, we take a look at how Robo-advisors are
transforming the financial advisory business in the article
“Democratizing Wealth Management”
Next we turn the spotlight on West African Economic
and Monetary Union (WAEMU) region and see how mobile
money is accelerating financial inclusion in the region in
the article “State of Mobile Financial Services in WAEMU”
Lastly, we analyze impact of Blockchain technology on banks
in the article “Is Blockchain a Bane or a Boon for Banks”
I hope you enjoy reading our articles like we enjoy
writing them for you.
Happy Reading!
Srinivas Nidugondi
SVP and Head of Mobile Financial Solutions
at Mahindra Comviva