The idea of offering ‘right here, right now’ is becoming a key differentiator in various industries today. Instant gratification has become the norm, and customers today are reluctant to wait for days to borrow money or for transactions to complete. This has paved the way for instant loans in the era of instant gratification. Customers […]
Finezza is Now in the Novel Account Aggregator Ecosystem in India
On Thursday, September 2nd, 2021, eight Indian banks, four account aggregators, and the government’s Goods and Services Tax Network announced the rollout of the Account Aggregator ecosystem. This will aggregate all financial information of individuals in one place, democratise lending, and enable institutions to make better and faster decisions. And we, at Finezza, are delighted […]
Ten Ways Embedded Finance Is Reshaping Customer Experience
Banks of all sectors have been slow to innovate and adapt to technological changes. This has been primarily due to their extensive infrastructure that can make the adoption of new tech a logistical nightmare. Also, due to lack of competition and their monopoly, banks are in no hurry to innovate. However, the financial sector is […]
Rising Concerns Around Data Privacy with Growth of Digital Lending
The digital lending landscape has witnessed a tremendous boost, especially during the Covid, which has shifted borrowers online searching for viable loan products online. Fifty-seven per cent of consumers prefer internet banking, according to the latest World Retail Banking Report. That’s nearly half the world’s commercially active population reaching out to online banking channels. So, […]
Can Fintech Innovations Bridge India’s Financial Inclusion Divide?
In the past decade, India has witnessed a quantum leap in the fintech industry. Fintech funding grew exponentially in the last few years, and after the COVID-19 pandemic, the industry became the blue-eyed boy of economies. Of the total 2,100 fintech entrees in operation, 67 per cent of them started operations in the last five years. […]
What is a Line of Credit (LOC) and Why Is It Ideal for MSMEs?
For years, businesses have used credit lines to cover working capital requirements and take advantage of the prevailing investment possibilities. Line of Credit is adaptable, attempting to address a few issues of traditional MSME credit solutions. The credit requirements of MSMEs (e.g., retail businesses, merchants, and wholesalers) reflect the unpredictable business setting in which they […]