Lending is the engine that powers the financial growth of all businesses and individuals all over the globe. As the global economies get interconnected and interdependent more every day, the need for funding has also increased enormously. The number of retail borrowers, SMEs, and business borrowers has surged multifold in the last decade. Though this […]
Can AI Help Banks to Simplify Student Loan Management?
Student loans are one of the most popular types of loans that banks offer. Traditionally, student loans were given to aspirants who plan to do their graduation or post-graduation to cover their expenses like tuition fees, books and supplies, and living costs. With tougher competition in the global job market in the last decade, the […]
Neobanks for Teenagers: A New Opportunity in India’s Financial Horizon
Neobanks are financial technology-based banks that operate totally in the digital and mobile space. As of 2020, Neobank is still a relatively newer terminology and less understood by most of the traditional banking customers. Nevertheless, it is slowly but steadily gaining its popularity among teenage banking customers in India and also across the globe. What […]
The Future of Blockchain and Cryptocurrency in India
Gartner, a leading research and advisory company, had predicted that the banking industry will derive 1 billion dollars of business value from the use of blockchain-based cryptocurrencies by 2020. Moreover, blockchain can be used for launching new cryptocurrencies that will be regulated or influenced by monetary policy. While 2020 has been topsy-turvy for most industries, […]
How IoT Solutions Are Transforming the Fintech Ecosystem
Long before the advent of smart gadgets, voice assistants and wearables that have become commonplace today, we saw Hollywood movie characters using high-end cars equipped with sensors and voice assistants and superheroes receiving messages in their watch. Once a domain of fantasy, such devices are gaining momentum today, and a new class of tools is […]
Fintech and Cybersecurity: How to Manage Risks in this New Financial Era
Fintechs have garnered attention in all industries including banking and capital markets, asset and wealth management, insurance, funds transfer and payments. The lending and payments sectors are expected to witness a high level of disruption with the emergence of online platforms that enable the entire lending or borrowing process, peer to peer personal loans and […]