Globalisation is on a steep rise, and businesses tend to turn complex, given this rise. To provide adequate support for these complexities, financial institutions have geared up to offer a range of financial products and services. Such financial institutions provide a strong foothold for businesses all around the world, especially so during the time of […]
Open Banking Is Here and for the Better: Know How?
Digitisation is slowly yet steadily consuming all our day to day functions, in a quest to make them simpler to execute. Resultantly, we have life processes that are easier, faster and better all thanks to the tech influx. Even the economy, on the whole, has started to transition into a digital data-driven engine with its […]
Chronicling the Growth of Digital Lending in India
Thanks to India’s e-commerce boom, consumers have started to expect a lot more from the other service providers they routinely buy from. The lending industry has learned quickly from the unequivocal shift towards digital. This change has been driven by both consumer demand and regulatory factors. The first wave of change came in the form […]
A brief history about NBFI (Non-Banking Financial Institutions)
NBFCs started operations in India in the 1960s. They began as an alternative for individuals whose financial needs were not sufficiently met by the banking system of the country. For the initial period, they operated on a limited scale without any significant impact. Here’s A Brief History about Non-Banking Financial Institutions NBFIs invited fixed deposits […]
Here’s How RPA Can Boost Loan Origination Process
As the times evolve, borrowers become more and more demanding about the kind of conveniences that a lending business offers. Not only do they hope to enjoy seamless and hassle-free access to loan products and services in accordance with their needs, but they also gain access to these services at their preferred place, time, and […]
Myths of Invoice Financing Busted: Does it Benefit a Lender?
The lack of credit is one of the biggest challenges facing India’s Micro Small and Medium Enterprises (MSME), which represent a lucrative market for banks and NBFCs. A study conducted by IFC Intellecap in June 2019 revealed that 80% of India’s 55.8 million MSMEs, in both the manufacturing and service sectors, were in dire need […]