New Delhi, Mar 9 (KNN) The country has the potential to become the next global fintech hub, a student oriented study revealed.

Indus Valley Partners (IVP), a leading provider of technology solutions for alternative asset managers recently conducted an online survey with the Indian MBA and Engineering students to know what  young generation of India thinks about ‘India being ready to become the global hub for FinTech’.

A total of 6500 respondents participated in this survey and majority of participation was from students from leading engineering and management colleges.

As per the survey reports, 63% of the students feel that India is ready to become global hub for FinTech while 20% of the respondents do not feel that India is ready and 17% of them were unsure about India being ready to embrace the FinTech revolution.

In this regard, quoting India offers the highest expected return on investment, Gurvinder Singh, Chief Executive Officer, Indus Valley Partners said according to recent PwC report it was projected that India offer 29% high expected return on FinTech investment versus global average of 20%.

He further said that India will rapidly increase the adoption of emerging technologies in the financial service and as per the survey reports also student community feels the same.

Moreover, he said many financial institutions are coming up with innovative solutions and also building connections with the enablers and collaborators from FinTech society with a view to bring technology revolution in financial sector of Indian economy.

Further, asset management industry across the world is adopting technology on a large scale to bring innovation into the emerging financial sector. From product offering to alpha generation to risk management, technology is becoming key driver, he added.

In addition to this, India is the nation where right skill set and technical expertise available at a right price and government programs and initiatives in this direction make it easy for the emerging organizations to adapt themselves to the latest technical evolutions. (KNN/YV)