Today, a growing number of consumers require funds for personal, or business reasons. The funds may be used for a home renovation, expenses after a job lay-off, or to fund business operations. The value of funds can vary. Typically, such borrowers apply for a line of credit, which allows them to get access to funds […]
Open Banking in 2025: Emerging Trends and Future Forecasts
Open banking is a significant development that enables secure data sharing and collaboration between financial institutions, technology companies, and customers. It breaks down traditional barriers in finance by facilitating secure collaboration and data sharing between all stakeholders. As a result, this empowers customers, fuels competition, and drives innovation in financial services. As per estimates, the […]
Understanding the Different Types of Credit Risk
Credit risk continues to remain one of the areas of concern for a majority of traditional and new-age lenders. The reasons for this are varied. For example, macroeconomic fluctuations, such as political conflict, recessions, or market instability, can lead to higher default rates. Additionally, new-age lenders often cater to underserved or high-risk segments, increasing the […]
Unlocking Opportunities: Loan Management Systems and Financial Inclusion in India
India, a rapidly growing economy with over 1.4 billion people, faces significant challenges in financial inclusion. Since independence, its banking sector has evolved through four distinct phases: Pre-social banking (1950-1969), Social banking (1969-1990), and two Liberalisation periods (1990-2005, 2005-present). Despite rigorous efforts to attain financial inclusion, around 11% of India’s adult population is underbanked even […]
How Transaction Data Analysis Promotes Trust and Accountability in Lending
As the lending industry becomes more competitive, transparency and accountability in decision-making are critical for a productive and long-term relationship between stakeholders. Customers want to make informed decisions and feel empowered when making a choice. In this scenario, transaction data analysis can strengthen the relationship between lenders and borrowers. It gives lenders critical insights and […]
Advancing Lending Operations: Supply Chain Financing Strategies
Traditionally, suppliers and buyers stand on opposite sides of the negotiating table when closing a business deal. However, they may need to adopt a more collaborative approach in certain circumstances. For instance, they may come together to apply for a business loan. Known as supply chain financing, this unique product enables the supplier to produce […]