India has a fairly high economic growth compared to other developing and even some developed countries in the world. Despite this, the truth remains a major part of India’s population still remains unbanked. Consequently, financial inclusion has always been the major goal of the Government of India and the economic policies have been framed keeping […]
Can Neobanks finally find the path to Profitability in 2021?
The digital acceleration in retail banking has given rise to the generation of digital-only banks a.k.a. neobanks. These banks exist only in cyberspace and have no brick and mortar branches. These neobanks interact with their customers through digital channels and also focus more on the customer experience which differentiates their offerings from the traditional banks. […]
How Your Digital Footprint Will Affect Your CIBIL Score
The lending and financial landscape are evolving thick and fast all over the globe. The rate has almost been exponential last year due to the pandemic-borne realignments. For a lending institution to have a tech-savvy mobile app and a digital lending strategy is no longer “good to have” but has become a “must-have”. The potential […]
5 Ways Digitisation Can Help Banks and Lenders Ensure Customer Data Safety
Before the advent of computers and technology, lenders and banks stored customer and transaction data in physical ledgers and registers. The physical ledgers, along with other confidential documents related to customers, were stored in safe vaults and lockers, which were guarded by armed physical security forces. Since the advent of computers and subsequently, the internet, […]
How Digital Technology Can Modernise Wealth Management in 2021
Wealth Management is an advisory service provided by wealth management firms or consultants. In theory, the wealth manager is expected to be well aware of all aspects of financials, legal, asset management, estates, or property management. But practically, a single person cannot be an expert in all these fields to give solid advice in all […]
Top Fintech Trends to Watch Out for in 2021
It’s fair to mention that 2020 has been the year of disruptions in almost all industries. The pandemic that swept the world, totally altered the way businesses operate. Suddenly, remote and digital channels became primary for most businesses, especially during the times when there were strict restrictions in moving out freely. Some industries were heavily […]