Barely 10% of Indians Make the Best of Fintech While others Forget its Existence

BankSathi is attempting to change the business paradigm for the Indian fintech industry

BankSathi is a technology platform that enables financial advisers to develop their digital presence and begin selling financial goods online. In earlier days the vast information gaps regarding financial planning and investment strategies. Because of people's lack of knowledge, there hasn't been significant industry penetration thus far. Currently, banks and other financial institutions make up more than 80% of our clientele, and most of them are striving to market their products through BankSathi financial advisors.

BankSathi Founder, Jitendra Dhaka, speaks about financial inclusion, the need for financial literacy, and the role BankSathi plays in accomplishing fintech goals. Earlier he is a digital marketer in the fintech business. This experience provided him with the opportunity to enter the financial profession. The BankSathi goal is to guarantee that everyone has access to financial products because many people still carry cash and are unaware of "why," "how," "which," or the financial product they need to obtain.

BankSathi is attempting to change the Indian fintech industry:

According to a study, only 10% of Indians are now aware of fintech products. As part of the fintech strategy, businesses in India have traditionally placed a strong emphasis on referrals from friends, family, or colleagues. By having advisers sell and discuss fintech products, BankSathi seeks to change how Indian fintech companies conduct business. The Indian FinTech industry has experienced tremendous expansion as a result of an increase in the number of people seeking investment opportunities and a rising enthusiasm and awareness among consumers to make use of FinTech products

The traditional model of FinTech that is followed by businesses in India places a heavy emphasis on the use of family or references as customers. Currently, BankSathi has advisers from 17,000 different Indian pin codes. It is made possible because of AI. AI also helps advisors understand the actual need of customers as well as the potential of selling products to earn the most possible profit. It offers a selection of financial products and services, as well as information and digital processes, customer lead management, and complete insight into status.

BankSathi advisers undergo specialized training to effectively pitch to our customers and provide them with accurate information. BankSathi is always working to improve people's understanding of the importance of financial literacy as well as the range of financial products available to them and the extent to which they will be used in the future. Currently, banks and other financial institutions make up more than 80% of BankSathi's clientele, and most of them are striving to market their products through BankSathi's financial advisors.

Nowadays, people are getting aware of financial products, and services. Digital payment has grown very aggressively. BankSathi is attempting to change the business paradigm for the Indian fintech industry. Various banks and financial institutions are associated with BankSathi. Additionally, BankSathi wants to assist 10 million people in starting small businesses. Advisors need to invite other potential people from their network and they can earn an extra 10% commission on their earnings for a lifetime. This is a great source of income without any investment.