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FinSathi
Democratizing Financial Services in India
Created on 4th November 2024
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F
FinSathi
Democratizing Financial Services in India
The problem FinSathi solves
India faces significant challenges in financial services accessibility:
- Low insurance penetration (4.2% as of 2021)
- Limited access to quality investment advisory services
- High fraud rates in insurance claims
- Complex processes that deter adoption
- Financial services primarily focused on HNI/UHNI segments
Challenges I ran into
- Designing for diverse user demographics (rural/urban, different education levels)
- Supporting multiple Indian languages
- Creating an interface usable by both tech-savvy and non-tech-savvy users
- Ensuring accessibility on low-end devices
Financial Inclusion:-
- Making complex financial products understandable
- Creating affordable service tiers
- Building trust with first-time financial service users
- Balancing features vs simplicity
Technical Implementation:- - Maintaining performance with rich UI components
- Ensuring security for financial data
- Managing state across complex financial workflows
- Building a scalable component architecture
Tracks Applied (1)
Democratizing Insurance and Investment Advisory for Indians
Discussion
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