We often talk a lot about credit bureaus and know that they are responsible for generating our credit scores. The credit information provided by these bureaus is used by various providers and businesses who want to assess the financial health and background of an individual. Let’s take a closer look at the prime functions of […]
Digital Banking From the 2030 Perspective
The banking industry of 2030 will look completely different from what it is today. The inevitable and ongoing hype around Fintechs and Big-tech firms in banking and other financial services have been in the news for quite some time now. Even though the future seems uncertain, there’s no doubt that the 2030 landscape will be […]
Automate and Scale Your Lending Process with A Bank Statement Analyser
After the pandemic hit the world, loan defaults have been on a steeper rise than before. Direct consumers and SMEs are still struggling to repay loan dues, and the crisis is going away anytime soon. Consequently, a major challenge that all banks and financial institutions face today is tackling the hidden non-performing assets. While retail […]
Neobanking for SMEs: New Opportunities
Have you been following the financial industry and its current trends? Then chances are that you might have come across the word “Neobank”. Although neobanks are quite popular in the US and European countries, it’s a fairly new entrant in India’s financial landscape. These banks exist only in cyberspace and have no brick and mortar […]
Tips to Identify Fake Document for Fraud Prevention
Criminal activities have increasingly utilised fake document or document forgery, resulting in billions of dollars being lost by the global economy each year. Countless reasons drive the creation of counterfeit documents, such as obtaining loans beyond their eligibility, buying or selling properties, acquiring loans, evading arrest, or staying in a country illegally. Even a few […]
Top 8 Delinquency Collection Tips for Small Businesses
Being a small business owner, probably you might have learned the definition of “delinquent” – the first time a customer has failed to pay for something on time. Cash flow is necessary for every business and more so for small businesses, especially during your early days. Delinquent customers can negatively impact and profoundly affect the […]