In recent decades, small and medium-sized (SME) enterprises have become more prevalent in global supply chains because of globalisation. However, the Covid-19 crisis has exposed them to the perils of transnational shocks and liquidity crisis. In the tumultuous post-Pandemic economic climate, Supply Chain Financing as a financing option for SMEs has witnessed tremendous growth. It […]
How Is Technology Vital for the Positive Growth of BNPL Providers
The Buy Now Pay Later (BNPL) option, also known as interest-free loans, became exceedingly popular during the Covid-19 pandemic. Reports suggest BNPL services are expected to cross USD 7000 million in 2022 in India; 22% of consumers bought goods using this option. BNPL services are popular among the young, tech-savvy population and also those who […]
How Can Banks Unlock Sustainable Growth by Partnering With Fintechs?
Traditional banks have been around since the 14th century and have had a good run until now. However, the onset of new-age financial technology (fintech) firms has taken the financial world by storm. So, how have banks responded to the arrival of fintech companies? Do they see them as unwanted intruders? Are they willing to […]
Microfinance: What Lenders Should Consider While Approving a Microloan
Microfinance is generally associated with financial inclusion and poverty alleviation. It aims to help individuals and small businesses who have limited access to conventional banking services. In a broader sense, microfinancing refers to providing financial services like access to money transfers and savings accounts, credit facilities, and insurance to the economically weaker segments (EWS) of […]
What Does the Implementation of the CFSS by the RBI Mean for NBFCs?
The Reserve Bank of India (RBI), through a circular, notified Middle Layer and Upper layer Non-banking Financial Services (NBFCs) to mandatorily implement Core Financial Services Solution (CFSS) as of October 1, 2022. The CFSS is akin to the Core Banking Solution (CBS) adopted by banks, which enables the integration of different NBFC functions on a […]
How Finezza’s Co-lending LMS Can Benefit Your Co-lending Process
Loan syndication by banks has always existed for large business loans. The real challenge is in the small and medium-sized enterprises (SMEs) market, which represents a significant share of the digital lending landscape in India. A conservative estimate puts this market at a whopping $300-$400 billion by 2025! The Indian finance industry has long used […]