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
The use of fake document remains a key source of financial fraud across India. In the fiscal year 2023, the Reserve Bank of India (RBI) reported bank frauds exceeding ₹21,367 crore, highlighting the significant impact of fraudulent activities on the financial sector. The increasing reliance on digital platforms for customer onboarding has made it easier […]
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 […]
10 Must-Have Features & Benefits of Mobile Banking Apps in 2021
Mobile banking apps have grown to new heights as more and more customers are embracing mobile technology. Mobile transactions are at an all-time high in recent times. According to reports, the global growth of finance apps is on the cusp of massive expansion as neobanks and super apps gain traction due to the surge of […]