Technology has advanced so dramatically over the last decade that consumers can order a ride before arriving at their destination. In addition, they can pay utility bills without leaving their homes. In today’s modern world, instant payment systems are a part of our everyday lives, but where does the money come from? The answer is […]
How Can Co-lending Benefit Banks, Customers, and NBFCs?
The co-lending model, introduced by the Reserve Bank Of India (RBI) in 2018, is a mechanism where banks and non-banks join hands to provide credit to the priority sector. The co-lending arrangement allows NBFCs (Non-Bank Financial Companies) which operate in deeper geographies and lend to the MSME Sector (Micro, Small and Medium Enterprises), LIG (Low-Income […]
How Can Banks Monetise Open Banking Platforms?
COVID-19 led to a disruption in different sectors, and banking is no exception. Nonetheless, with the application of Open Banking in the field, banks have found their way back to stability. The recent waves of digitisation have broadened the scope of significant technological changes in the banking sector. Be that as it may, well-established banks […]
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 […]
Simplify and Scale Your Co-lending Business With Finezza’s LMS
The co-lending Model (CLM) of credit is not new to the Indian finance sector. Due to the proliferation of fintech resources and capabilities, the CLM has gained a lot of significance and has emerged as a viable solution to liquidity and access to credit issues. Efficient co-lending Loan Management Systems (LMS) can leverage the inherent […]
Can Banks Become a Part of the B2B BNPL Market?
The Micro, Small, and Medium Enterprises (MSME) sector requires small- to medium-scale credit with quick approval times and reasonable interest rates. It is generally difficult for these companies to provide collateral to procure loans. No wonder the business-to-business (B2B) buy now, pay later (BNPL) scheme has become a major boon for these companies. This scheme […]