TECH BUYER Jun 2021 - IDC Innovators - Doc # AP47682721

IDC Innovators: APIs Transforming the BFSI Sector in India, 2021

By: Rishu SharmaAssociate Research Director, Swapnil ShendeSenior Market Analyst, Ganesh VasudevanResearch Director, IDC Financial Insights

Abstract

IDC Innovators are emerging vendors with revenue under US$100 million and have demonstrated either a groundbreaking business model or an innovative new technology, or both. This IDC Innovators study profiles three emerging vendors in application programming interfaces (APIs) transforming banking, financial services, and insurance (BFSI) in India, 2021: Artivatic, Crediwatch, and BrokenTusk Technologies (Setu).

"APIs have become the engine of innovation for financial institutions in the expanding ecosystem play. They will continue to draw on APIs in their pursuit of collaborative ecosystem to offer a diverse range of products, services, and experiences to their customers financial needs today and in the future," says Ganesh Vasudevan, research director, IDC Financial Insights.


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