News on Medial

Women prudent borrowers, aspirational younger generation displays bolder risk appetite: Fintech soonicorns on financial inclusion at ET Soonicorns Summit 2024

Economic Times · 26d

During a closed-door roundtable discussion at the ET Soonicorns Summit 2024, panelists highlighted that women borrowers in India have better credit performance compared to men. However, they also noted that many women lack agency in financial matters and can become victims of financial fraud due to a lack of information and involvement in decision-making. The discussion also touched upon the rise of young investors in India, who are more willing to take loans and invest at an early age. The panelists emphasized the role of fintech in bridging the gap between traditional banking and the evolving risk appetite of the younger generation. They also discussed challenges in achieving financial inclusion, such as data utilization, regulatory gaps, and financial literacy.