Weakening demand and a series of defaults have left NBFCs gasping for breath. Banks have been wary of providing them much needed cash due to spiralling NPA volumes. The overall business sentiment in the market has been affected. The lack of liquidity has hit the corporate loan segment hard. Case in point: The top 500 […]
Chronicling the Growth of Digital Lending in India
Thanks to India’s e-commerce boom, consumers have started to expect a lot more from the other service providers they routinely buy from. The lending industry has learned quickly from the unequivocal shift towards digital. This change has been driven by both consumer demand and regulatory factors. The first wave of change came in the form […]
India’s Neo-Banks: Lessons to Learn for Traditional Indian Banks and Lending Businesses
Initiatives like ‘Digital India’ and intense focus on the rapid adoption of digital technology propels the Indian banking industry towards a digital-only future. Rapid digital innovation in payments and transformation in systems enabled by digital technologies is widespread around the lending industry. This has given rise to the New-Age Digital Banks…also popularly called the ‘Neo-Banks’. […]
Impact of Digital Lending on Small & Medium Enterprise Growth
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 […]
See How Finezza’s Analytics Help Optimise Loan Management Process
Right from the time an application is received, and all the way until disbursement, a lot of data flows into the lending lifecycle. However, traditional lending management systems rarely make optimal use of this data. By employing the right tools and analysing this data, it is possible for a lender to reduce the inefficiencies in […]