Ever since banking has gone digital, security risks have drastically multiplied. As a result, banks need to opt for high-end & secure data storage units that reduce the chances of malicious attacks and enable quick recovery. These factors (among others) have led many banks to opt for cloud computing and storage in recent years. As […]
Why It’s Time to Onboard the Embedded Finance Bandwagon
Embedded Finance is not the new buzzword anymore. Instead, it is the ‘new normal’ for any brand that believes in delivering an integrated customer experience ecosystem and diversify its service offerings. What’s impressive about embedded finance is its immense applicability across industries and sectors and how rapidly it is being adopted. For example, a study […]
Can Embedded Finance Democratise the Digital Lending Segment?
The past few years have seen the growth of financial services and digitisation via adopting newer methods for wealth management, payments, insurance, and lending. Consequently, the digital lending sector is undergoing a similar transformation to overcome traditional banking pain points and highlight financial inclusion by offering individuals, and businesses access to financial services and products. […]
Banks and FinTech: Rivals or Partners?
FinTechs are new-age disruptors challenging the traditional banking model leveraging innovative technology to meet user expectations. Their popularity is rising due to their excellence in mobile expertise, accessibility, convenience, and contextuality. Moreover, they have the edge over traditional banks primarily due to the mobile experience, as mobile devices are the most ubiquitous. As per Statista, […]
Google’s Entry in Indian Retail Banking: The Challenges & Implications
In a paper released in February 2019, the Financial Stability Board highlights the potential impact of BigTechs on lending institutions. As per the paper, India’s traditional home ground of the banks stands invaded! Amazon, Facebook, Google, and Apple, collectively referred to as Big techs, are the tech giants who already command a strong influence on […]
Instant Loans – Fintech Innovation that Customers Are Loving
The idea of offering ‘right here, right now’ is becoming a key differentiator in various industries today. Instant gratification has become the norm, and customers today are reluctant to wait for days to borrow money or for transactions to complete. This has paved the way for instant loans in the era of instant gratification. Customers […]