Mobile banking is revolutionising ways for people to access their accounts, thanks to its ease of use and flexibility. Consumers can deposit cheques, pay bills, transfer funds between accounts, and even send money to persons or businesses anywhere in the world using virtually any device with an internet connection. Unfortunately, this transformation in accessibility and […]
How Will AI Shape the Post-COVID Future of Financial Services in India?
The finance industry embraced technology with open arms ahead of time, only to earn an early mover advantage. The result is promising changes in the finance landscape. Today, products like chatbots, automation, data analytics, cybersecurity, and more are questioning India’s future in financial services. Technology battled the challenge of financial inclusion that the pandemic brought […]
How Developing Nations Are Driving the Mobile Banking Revolution
Technology makes it easy for companies to open the floodgates of the financial system to the masses; mobile banking is the proof. Moreover, fintech (of which mobile banking is a part) has revolutionised the banking sector, forcing it to undergo changes that would otherwise be daunting. But now, we live in the era of customised […]
Trends Influencing the Future of Indian Fintech in 2022 and Beyond
Fintech is at a fascinating stage as it has reshaped how we view finances. What’s impressive is that fintech companies’ innovation has compelled the government to change its reforms. This is a disruption in action. The finance industry is no longer restricted to financial solutions; it has rather evolved with technology-backed solutions that make financial […]
6 Ways Lenders Can Get the Best Results From Mobile Banking
Time has seen society and its institutions evolve. Arguably, one of the most important institutions that have witnessed revolution is lending and banking. From merchants who gave grain loans to farmers to 14th-century Italian oligarchs who created some of the first banks as we know it—the world of money and its transactions has changed. Decades […]
Challenges and Opportunities Facing India’s Digital Microfinance
The Internet revolution and increased mobile penetration across rural markets have fuelled the emergence of digital technologies in India’s microfinance sector over the last decade. MFIs have now begun to adapt to new technology trends for faster loan origination, efficient customer service and delivering flexible lending requirements using alternate channels. The proliferation of low-cost mobile […]