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Age of fintechs: These financial intermediaries make life easier but there’re caveats too

September 19, 2022 by www.moneycontrol.com

Representative Image Managing money has become a breeze these days, thanks to your smartphone. There’s an app for everything that you wish to do. Well, almost. Want to invest in a basket of mutual funds? Download that investment app. Need to borrow money? There are scores of loan apps out there to lend you money. Whether you want to send cash to someone or use a mobile wallet to shop, there’s a fintech app for everything. You can even set a budget limit and track your monthly spending using fintech apps. “The growth of fintech applications in various segments is possible because the regulations are far more enabling,” says Neelabh Sanyal, co-founder and chief operating officer, Kuvera.in, an online investment and financial planning platform. Fintech companies have disrupted the traditional methods of managing finances and spending and are here to stay. You may not use all of them, but it’s good to know in which aspects of your financial life will benefit from these … [Read more...] about Age of fintechs: These financial intermediaries make life easier but there’re caveats too

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