While even the strongest economies from across the globe are struggling to cope with the COVID-19-induced unprecedented demand shock, the complete shutdown of all vital economic activities has paralysed the growth of the nations. India is amidst its biggest lockdown till date, and the national economy has come to a dead halt due to the […]
The Impact of Fintech on Today’s E-commerce Sector
The year 1991 introduced the World Wide Web to the world. Fast forward to 1994; Pizza hut was the first significant business to offer online purchasing to its customers officially. Pizza Hut’s move was regarded as an essential milestone in the history of the internet and is often considered the start of ecommerce. The idea […]
FaaS: The Emerging Global Trend of Fintech-as-a-Service
All businesses aim to embrace the use of modern software technology to ease their core functions and enhance profitability. This includes lending businesses like banks, NBFCs, and MFIs. Fintechs are companies that are an amalgam of technology and financial functions to offer streamlined financial products/services that were previously available only through heavily-regulated, traditional financial institutions. […]
Why Lenders Shouldn’t Shy Away from MSME Digital Lending
Micro, Small, and Medium Enterprises sector is the backbone for developing nations like India. In fact, Indian MSMEs are currently working to strengthen their presence across sectors while simultaneously expanding their footprint globally. The consistent progress of the MSME sector is closely related to India’s pursuit of becoming a global economic power. However, progress and […]
What Makes Finezza the Ideal Corporate Lending Solution?
Weakening demand and a series of defaults have left NBFCs gasping for breath. Banks have been wary of providing them much needed cash due to spiralling NPA volumes. The overall business sentiment in the market has been affected. The lack of liquidity has hit the corporate loan segment hard. Case in point: The top 500 […]
How Credit Bureau Data can Help Lenders Predict Defaults and Save Money
Retail loans – the only remaining bright spot on the books of Indian lenders so far – have begun their downward slide. Experts say that it was only a matter of time before the developments on the unemployment front and successive collapse of large banks took its toll on the consumer loan segment. A liquidity […]