In recent years, India’s digital lending industry has significantly boomed. Statista reports that it’s one of the “fastest-growing FinTech segments.” For instance, it grew from USD 9 billion to USD 270 billion in the latest decade (2012-2022). According to many analysts, it’s all thanks to strategies offered by the RBI Innovation Hub (RBIH). Recently, they […]
Micro LAP: The Future of Small Ticket Lending for Lenders
In the small-ticket lending market, Micro Loan Against Property (Micro LAP) serves as foundational support for lenders and financial institutions. It allows them to cater to the underserved segments with a secure and flexible way to access funds. By using loan applicants’ residential or commercial property as collateral, Micro LAP provides instant credit access to […]
Rate Cut Conundrum: Did RBI’s Move Benefit Banks?
The Monetary Policy Committee (MPC), the Reserve Bank of India’s (RBI) rate-setting panel, recently met to decide whether reducing the lending interest rate for banks was the right move to combat rising inflation and economic slowdown. The news that the current repo rate of 6.5% may be reduced raised widespread concern within the banking sector […]
Data-Driven Decisioning: Revolutionising MSME Lending Strategies
The Micro, Small, and Medium Enterprises (MSMEs) sector has emerged as the cornerstone of the global economy, powering 70% of the workforce. According to an IFC report, 63 million Indian MSMEs contribute 30% of the GDP and provide jobs to 110 million people. Despite this, MSMEs often struggle with credit due to limited credit history, […]
Unmasking Financial Fraud: How Finezza Empowers Lenders
The financial fraud scenario in India is becoming more complex with the increasing sophistication of threats. As per RBI, banking frauds shot up 166% in FY24, with over 36,000 cases reported. This represents millions in losses and countless hours spent tracking fraudulent schemes that plague the lending sector. Digital lending has transformed credit access in […]
The Paradox of Alternative Lending: How It Can Both Simplify and Complicate the Lending Process
The growing demand for credit access among retail consumers and businesses has led to the accelerated growth of alternative lending in India. The key factors driving growth include limited credit access within traditional banking, fintech innovation, and widespread smartphone penetration. The market size of this category is expected to grow from $7.53 billion in 2023 […]