BALANCING RISK MANAGEMENT IN THE DYNAMIC FINTECH LANDSCAPE

PRE-COVID AND POST-COVID CHALLENGES FORFINTECHS The conversation began with a discussion on the challenges faced by fintechs, particularly in light of the COVID-19 pandemic. Vivek Veda noted that fintechs, which primarily deal with small-ticket, short-tenure loans, encountered significant risks during the pandemic due to the sudden lockdowns and potential defaults. To navigate this crisis, fintechs adopted innovative collection practices, focusing efforts on regions less affected by lockdowns. The pandemic compelled fintech companies to evolve their risk models and adjust their risk appetite to build a more robust system. GEOPOLITICAL RISKS AND REGULATORY CHALLENGES Sourav Majumdar pointed out that geopolitical events, such as the Russia-Ukraine conflict, have added another layer of complexity for fintech companies. Vivek Veda acknowledged the impact of geopolitical risks on the industry and emphasized the importance of ensuring long-term sustainability…