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. […]
Digital Lending: Perks of Going Paperless
As the world plunges into a climate emergency and the worst pandemic of the century ushers in a monumental change in the way businesses work, paperless ought to take a central role. The IDC, for instance, predicted, 400 billion fewer pages will be printed in 2020, thanks to the pandemic-induced isolation and rush to digitise. The […]
What Does Embedded Finance and APIs Mean for the Lending Industry?
Never before have the times been more volatile and dynamic as now. Recession coupled with regulatory pressures, financial reforms, and the recent global pandemic has not made anything easier for the legacy lending industry. As a result, the lending industry faces several challenges while approving and disbursing loans. Cultural Shift: Traditional lending institutions work through […]
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 […]
What is Embedded Finance – Innovation That Took The Fintech World by Storm?
Every company at some point needs integrated financial services as a part of its service offering. Integrated financial services is an umbrella term that comprises different aspects related to finance such as payments, insurance, investments etc. This need was widely recognised as ‘Embedded Finance’. With the widespread adoption of digital technology by consumers across industries, […]
Loan Management Systems in India: A Perspective Pre and Post Pandemic
COVID-19 has resulted in an unprecedented economic crisis, and there has been many disruptions and dramatic changes right from consumer spending to government operations. The lending sector in India is no exception to this rule, and it will also undergo a paradigm shift. There will be a change in the way lenders approach customers and […]