Micro, Small, and Medium Enterprises (MSMEs) are often considered the backbone of the Indian economy, and they account for approximately 30% of India’s GDP and employ close to 111 million individuals. The COVID-19 pandemic posed many challenges across industries and disrupted supply chains. The current Russia-Ukraine war and periodic lockdowns in China have added to […]
How Can Embedded Finance Be an Innovative Gateway for the Lending Industry?
Technology has advanced so dramatically over the last decade that consumers can order a ride before arriving at their destination. In addition, they can pay utility bills without leaving their homes. In today’s modern world, instant payment systems are a part of our everyday lives, but where does the money come from? The answer is […]
Can Supply Chain Financing Resolve Capital Issues for MSMEs?
Small businesses are the foundation of the Indian economy. The micro, small & medium enterprises (MSMEs) sector contributes to about 30 percent of India’s GDP. But despite being the largest employing faction of the country, they suffer from a lack of financial and regulatory security. Businesses thrive when they have enough funding and a stable […]
9 Benefits of OCEN for Small Business
The financial industry has hailed OCEN as a “magician’s wand” to solve the Indian MSME sector’s liquidity crunch. It will facilitate the connection between lenders, markets, and borrowers online. And thus, allow the needy to get small-ticket loans. OCEN is also expected to result in the financial inclusion of the unbanked and boost the number […]
10 Reasons Why OCEN is India’s Future of Financial Transactions
OCEN sparked much interest in the financial world after the global economy was put on a ventilator during the pandemic. It was first introduced as a part of IndiaStack by Infosys CEO Nandan Nilekani in 2020 and is still a hot topic today. Simply defined, OCEN (open credit enabled network) is an application that intends […]
A Deep-dive Into Finezza’s Credit Bureau Analyser
The demand for superior credit bureau analysis is higher than ever as the financial lending industry grows exponentially all over the globe. Moreover, with so many mobile and web-based quick loan options available in the market, it has become straightforward for the borrower to get fast money for personal needs or businesses. As the number […]