The customer’s experience is truly imperative to the success of all banking institutions. The banking customers want an easy-to-use experience that offers the latest digital services. Given the intense competition in the financial markets and the changing needs of the consumers, banks all over the world, make it a point to leverage the latest technologies. […]
Neobanks: The Ideal Partner for Indian SMEs
India’s SME sector has the potential to drive innovation and job growth despite the challenges faced by the economy. However, it is hamstrung by a lack of credit as small business owners do not maintain proper books of accounts and in some cases, do not have enough business experience either. The lending risk is difficult […]
Here’s What 2020 Has in Store for NBFCs
NBFCs have become an integral part of the Indian lending landscape over the years. Since their inception in the 1960s, they have helped to provide a range of financial services to consumers and businesses across the country. As of March 2019, the total number of registered NBFCs in the country stood at 9,659. Despite the […]
Neobanks: Pocket Friendly, Digital Only Banking
Neobanking is the next generation of banking that promises to alter how the world uses money. In a short span of time, neo bank startups have disrupted a lending market that had long been dominated by large public and private sector banks with extensive networks of branches and millions of customers. Neobanks are truly digital […]
Why Neo-Banks are Better than Traditional Banks?
The digital age has caught up with Indian banks at last. If the rise in digital payment volumes is any indication, consumers seem to have developed a preference for app-based banking which gives them greater control over how they manage their money, without restrictions. Customer expectations regarding financial services are changing rapidly. For example, penalties […]
Open Banking Is Here and for the Better: Know How?
Digitisation is slowly yet steadily consuming all our day to day functions, in a quest to make them simpler to execute. Resultantly, we have life processes that are easier, faster and better all thanks to the tech influx. Even the economy, on the whole, has started to transition into a digital data-driven engine with its […]