Latest opinions that Ritesh Jain has shared on Finextra

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Ritesh Jain

Founder

Infynit / Former COO HSBC

Member since

30 Dec 2022

Location

London

View Ritesh Jain's full profile

Ritesh's opinions

HSBC’s Strategic Retreat: A Bold Pivot or a Risky Gambit?

Yesterday, I came across a fascinating piece of news: HSBC, the banking giant with a 159-year legacy, is exiting parts of its investment banking business in the UK, US, and Europe. Specifically, the bank is stepping away from equity capital markets (ECM) and mergers and acquisitions (M&A) outside of Asia. This move feels less like a retreat an...

29 January 2025 /markets /predictions Banking

Digital Wallets in a Tokenised World: The Future of Financial Identity

Yesterday, I engaged in a thought-provoking discussion with Charles Orton-jones and Sam Boboev during a session on the evolution of digital wallets session in FintechTalk What began as an exploration of their role in payments quickly expanded into a broader conversation on their future as gateways to digital identity, tokenized assets, and decentr...

29 January 2025 /payments /identity Fintech

DeepSeek-R1: Redefining AI Innovation and Transforming Global Dynamics

Artificial intelligence (AI) has long been a battleground for technological supremacy, dominated by a few powerful players. The arrival of DeepSeek-R1, a revolutionary large language model (LLM) developed in China, marks a pivotal shift in this landscape. Unlike the resource-intensive, proprietary systems pioneered by US-based giants like OpenAI an...

27 January 2025 /ai Artificial Intelligence

Customer Experience is Not Part of the Game, It’s the Game!

There’s a phrase I’ve come to live by: “Customer experience is not part of the game; it’s the game.” In today’s world, where products and services can be easily replicated, the real differentiator is how businesses treat their customers. It’s not just about solving problems—it’s about how they make people feel during those moments of need. I learn...

24 January 2025 /people /startups Fintech

The Global Shift in FinTech Funding: A Deep Dive into 2023 vs. 2024

The fintech sector has undeniably undergone a transformative period over the past year. After a booming few years, 2023 presented challenges for fintech funding, with significant drops in key markets like the US, UK, and India. However, in a surprising twist, Europe has proven resilient, marking a 10% rise in fintech funding during 2024. Let me ta...

23 January 2025 /startups /markets Fintech

HSBC’s Zing Shutdown: What Traditional Banks Can Learn from FinTech Disruption

The closure of Zing, HSBC's international payments app launched just last year, is both disappointing and unsurprising. In an era where Wise and Revolut continue to disrupt traditional banking, Zing’s failure highlights several important lessons for banks trying to remain relevant in the evolving fintech landscape. Let’s break this down. The Challe...

23 January 2025 /payments /startups Fintech

A Crossroads for America: The Future of Diversity and Inclusion

Imagine walking into a room where everyone is celebrated for their unique contributions—where ideas flourish not because they come from the loudest voices, but because they come from diverse perspectives. This isn’t just an idealistic vision; it’s the very foundation of innovation and progress. Yet, as the U.S. rolls back federal Diversit

21 January 2025 /people Inclusive FinTech

India’s Digital Public Infrastructure: Revolutionising Growth, Inclusion, and Global Influence

In an era where technology underpins progress, India’s journey in crafting and scaling its Digital Public Infrastructure (DPI) offers a blueprint for transformative growth and inclusion. The ambitious vision—spanning Aadhaar, Unified Payments Interface (UPI), DigiLocker, and emerging frameworks like the Ayushman Bharat Digital Mission (ABDM)—refle...

20 January 2025 /payments /identity Fintech

Klarna x Stripe: A Defining Moment in the Global Payments Landscape

The expanded partnership between Klarna and Stripe represents a strategic inflection point in the evolution of global payments. As Klarna gears up for its much-anticipated U.S. IPO—targeting a valuation of nearly $20 billion—this collaboration gives the company unparalleled access to millions of Stripe-powered merchants across 26 countries. This mo...

15 January 2025 /payments /startups Fintech

FinTech Disruption: Commonwealth Nations Are Shaping the Future of Finance

A silent revolution is brewing across the Commonwealth. It isn't coming from Wall Street or London’s financial district—it’s rising from Nairobi’s street vendors, Lagos’ bustling tech hubs, and the remote islands of The Bahamas. These nations are rewriting the rulebook on finance, not by tweaking old systems but by daring to build new ones from th...

13 January 2025 /inclusion /predictions Fintech

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