FinTech & InsurTech

FinTech & InsurTech
FinTech and InsurTech have emerged as one of the fastest growing sectors in India. As of now adoption of FinTech by Indians is unmatched in speed and scale, it’s just not brought technological transformation, but its social impact is far-reaching. FinTech is a big revolution in a way how financial services are delivered and consumed via just a click on mobile or laptops through various software and algorithms and it became part of daily routine. These technologies are customer centric and easily accessible. These sectors have introduced innovations like mobile banking apps, Robo-Advisors, Cryptocurrency platforms, UPI, Buy Now Pay Later Platforms, Heath tracking integrated with insurance, AI driven insurance claim settlement systems, as well as chatbot systems which exactly resembles as human is providing all support to customers over text, voice or both. These industries are growing really well post Covid-19 pandemic but still many challenges are there to resolve like cyber security concerns, regular scrutiny.
SARC assists FinTech and InsurTech players with compliance under US GAAP, IFRS, Ind-AS for financial consolidation. We are assisting start-up as well as established financial institution with all regulatory compliances like RBI Regulations, IRDAI regulations, FEMA compliances, SEBI compliances. We help startups in valuation, designing internal control systems for digital transactions, doing due diligence, performing forensic audits to detect frauds and providing assurance on data integrity and cybersecurity controls. We worked as compliance backbone to all entities so that they can avoid legal and regulatory trouble and by that they can turn risk and compliances into opportunities. We are working as bridge between finance and digital processes. We are keeping holistic approach towards our client and client can focus on growing up their clients, personal engagement with their clients with management of cost and minimal risk of data breaches and by that customer retention ratio remains on higher side.