Credit bureaus and credit rating agencies are easily confused, especially because credit bureaus are also referred to as “credit reporting agencies.” Credit bureaus, such as Equifax, Trans Union CIBIL, and Experian are agencies that give information about an individual’s creditworthiness. They provide credit reports and credit ratings to creditors, such as banks, to assist them […]
Beware of the Fraudsters: How to Detect Document and Identity Fraud
In a world of biometrics, smart cards and digital security, is identity theft a setback? Lost passport, Online Shopping Fraud, Debit Card Theft, sound familiar, doesn’t it? With the onset of the digital paradigm, is technology holding us back or taking us forward? This is a question that has left all of us bewildered, for […]
Why Mobile Banking Is a Must for Your Digital Banking Strategy?
An estimated 70% of Indian online adults with a bank account do their banking on a mobile app or website using their smartphone, according to data by Forrester research. The Covid-19 pandemic has expedited the already-existing need for a completely digitised world and brought it to the centre stage. For banks and NBFCs, the most […]
Can Fintech-as-a-Service (Faas) Replace Banks in 2022?
Fintech-as-a-Service (FaaS) is making waves in this age of aggressive digitalisation. Traditional financial and non-financial companies use FaaS to make their solutions more effective and customer-friendly. FaaS uses cutting-edge technology to assist different industries, including lending, credit, and payments, overcome long-standing challenges. When you add in the growing popularity of digital systems like online financing, […]
How Finezza Helped Gromor & Udhyam Alter Bengaluru’s Iron-walas
The pandemic has proved how technology can reverse every adversity into an opportunity. The massive digitisation of Indian businesses has led to non-conservative finance models like co-lending to gain a foothold. While co-lending is still nascent, it is gaining popularity among stakeholders, .i.e. banks, NBFCs, and HFCs, for its high risk and reward. Co-lending as […]
Risks & Opportunities for India’s Economy with the Rise of Fintech
From significant regulators in Mumbai to Blockchain specialists in cities like Delhi, Bengaluru, and Hyderabad, multiple Indian metropolises are snagging the title of ‘fintech hubs’. With a boom in startup growth and a boost from governmental support, the Indian fintech industry has become a force to reckon with. However, the unprecedented rate at which the […]