#GFF24 | Future Of Fintech| Pine Labs' B. Amrish Rau: Digital Banks Will Transform India’s Fintech

At the Global Fintech Fest (GFF), B. Amrish Rau, CEO of Pine Labs, shared his insights on the future of the fintech sector in India. He highlighted the success of digital banks like Monzo and Revolut, which have disrupted the fintech space by building strong tech services and focusing on credit as a major revenue stream. Rau emphasized that the Reserve Bank of India is currently evaluating the digital banking space, and once it opens up, there will be a significant opportunity for Indian fintech companies to expand into banking and credit services. He predicted the emergence of a new class of fintech-first banks in India, creating immense opportunities for innovators and entrepreneurs in the sector.