As its name suggests, fintech combines finance and technology. Technology is being used by many market participants to streamline financial services like loan, insurance, investment, trading, budgeting, and much more.
Numerous businesses are concentrating on specialised industries as the fintech sector grows. It goes without saying that the development has been extremely quick. The best financial solutions may be found in India, which also has one of the oldest and richest cultures in the world.
There are as many as 18 million homeless senior citizens in India, and the number is only increasing due to multiple factors.
According to the Longitudinal Ageing survey of India 2020, almost 5 percent of people aged 60 years and above faced some kind of abuse from their family members.