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 […]
Account Aggregators: Putting the Consumer First
To jumpstart economic growth in the post-pandemic environment, simplifying access to business loans for SMEs is a critical first step. The truth is India still lags behind the global average when it comes to loan origination and disbursal. According to a report by TransUnion CIBIL and SIDBI, the average turnaround time for a business loan […]
Should India Consider Introducing Digital-Only Bank Licenses?
Today banking has become an integral part of everyone’s financial activity, and digital banks in India have advanced to a greater extent. Digital-only banks are transforming the way customers used to view banking operations. New digital-only banks, also known as the neobanks, are being launched worldwide, including the US, Canada, UK, Germany, Hong Kong, and […]
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 […]
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 […]
Peer to Peer Lending: What Makes P2P Platforms Unique?
Low-interest rates, quick turnaround times, and minimal documentation – these considerations are high on the wish list of practically anyone looking for a loan. With the government pushing lenders to boost the flow of credit in the economy, the odds of getting a quick loan have improved significantly for most people. However, this is not […]