India’s GDP is set to grow at a fast pace, outstripping major world economies, in spite of the global financial crisis that struck hard. SMEs are one of the chief drivers behind India’s magnificent growth story. SME sector comprises of self-funded proprietary firms, private co-operatives, private self-help groups, Khadi, and Village and Coir industries. They […]
How Risk Analytics Influence Customer Experience?
Recent developments in computing power and advanced analytics, along with the rise of big data, enables businesses to be better at what they do and how they do it. More and more companies are leveraging the power of data to gain a comprehensive view of their businesses and make profitable decisions. When it comes to […]
7 Steps To Future Proof your Lending Business in India
To stay relevant in a rapidly evolving lending market, financial lending companies need to be future-ready. They need to embrace technology and practices with a long term horizon. Additionally, business processes at the lending firm should be amiable enough to accommodate changes in the ever-shifting regulatory landscape in the space. While it may sound like […]
How Mobility can Transform the Lending Sector?
There is hardly any aspect of modern lifestyle that is untouched by mobile phone and allied technologies. Even financial lending companies are mobilising the sector at a fast pace due to mobile-obsessed times we live in. Lending businesses are better off by leveraging the avant-garde capabilities that the culture of mobility brings along as it […]
Common Problems Faced by the Debt Collection Agents and How to Solve Them?
The financial system in India has faced several hurdles and continues to struggle in the face of a volatile economy. Post demonetisation, the government shut out all the loopholes of earning and circulation of black money, leading to strict rules of accounting proof underlying every single transaction. This prompted many businesses to slow down as […]
Decoding the RBI restrictions on Customer’s Credit Data & How it impacts the lending process for NBFCs
Projections indicate that the credit demand in India is going to be worth $1.41 Tn by 2022. The growth rate in credit demand is estimated to be 3.73% between FY17 and FY22. The flourishing credit landscape has led to the growth of multiple lending startups in the country. Add to this, numerous other tech companies […]