The lending and financial landscape are evolving thick and fast all over the globe. The rate has almost been exponential last year due to the pandemic-borne realignments. For a lending institution to have a tech-savvy mobile app and a digital lending strategy is no longer “good to have” but has become a “must-have”. The potential […]
5 Ways Digitisation Can Help Banks and Lenders Ensure Customer Data Safety
Before the advent of computers and technology, lenders and banks stored customer and transaction data in physical ledgers and registers. The physical ledgers, along with other confidential documents related to customers, were stored in safe vaults and lockers, which were guarded by armed physical security forces. Since the advent of computers and subsequently, the internet, […]
How Digital Technology Can Modernise Wealth Management in 2021
Wealth Management is an advisory service provided by wealth management firms or consultants. In theory, the wealth manager is expected to be well aware of all aspects of financials, legal, asset management, estates, or property management. But practically, a single person cannot be an expert in all these fields to give solid advice in all […]
Top Fintech Trends to Watch Out for in 2021
It’s fair to mention that 2020 has been the year of disruptions in almost all industries. The pandemic that swept the world, totally altered the way businesses operate. Suddenly, remote and digital channels became primary for most businesses, especially during the times when there were strict restrictions in moving out freely. Some industries were heavily […]
How Account Aggregators are Fast Becoming Consent Managers in India’s Financial Landscape
The greatest benefit of the amalgamation of digital technologies is that data from various sources can be brought together in one place for better effectiveness. Even in the world of financial services, cutting-edge technologies that have been introduced have brought a shift in the consumer expectations of speed, safety, and security. This kind of varying […]
Debt Collection Post-Pandemic: The Role of Automated Customer Communications
No matter how big or small your business operations are, managing cash flow can be quite challenging. For instance, since the Great Recession in 2009 in the US the consumer debt had increased nearly by USD 2.3 trillion and now with the pandemic, it is even getting more difficult to recover debts. Business turnovers have […]