The Indian digital lending sector, an industry virtually non-existent nearly a decade back, has grown by leaps and bounds in the last three to four years. The market valued at $14 billion in 2013, is expected to reach $350 billion by 2023 and $1.3 trillion by 2030. An enormous credit demand in the economy fuelled […]
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 […]
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 […]
Why Do Higher Interest Rates Highlight Supply Chain Finance?
The global economy is currently navigating troubled waters. Many countries face the impending threat of recession as their economies slow down and inflation rates touch all-time highs. The crisis, caused by a double whammy of pandemic curbs, and the ongoing military escalation in Europe, has disrupted supply chains around the world, driving up the cost […]