The launch of UPI in 2016 has transformed the financial landscape in India. However, there remained a gap in how the credit was accessed. India’s credit access and repayment system is a lengthy and cumbersome process that feels like a trap more than a solution. The introduction of CLOU (Credit Line on UPI) is set […]
Understanding the Types of Invoice Financing: Factoring vs. Discounting
Maintaining cash flows efficiently is an important aspect of business growth. Companies budget a certain amount of funds to help meet their production expenses. However, sometimes, companies may need a sudden influx of cash to help fund an order of a larger ticket size. This is where access to invoice financing can help them fulfill […]
Rеsponsiblе Financе: ͏RBI͏’s Cal͏l f͏or Ethica͏l Practicеs in Both Lending and Bor͏row͏ing
With banks a͏nd fintech companies i͏ncrеasi͏ngly rе͏lying on artificial int͏еlligе͏nc͏е (AI) a͏nd machinе lеarning (M͏L͏) to as͏sеss crеditworthin͏еs͏s,͏ t͏hеrе’s a prеssing nееd to foc͏us on͏ rеspon͏siblе lending practicеs. However, thе͏ problеm is t͏hat whilе tеchno͏logy ͏advancеs͏ rapidly, ͏е͏thica͏l standar͏ds oftеn lag bеhind. This imbalance can lead to issues for both lеndеrs and borrowеrs. Let us […]
Exploring the Potential of Decentralised Finance (DeFi) in Loan Management
Decentralised Finance (DeFi) is an umbrella term for a financial system built on blockchain technology. It aims to provide an open, permissionless, and decentralised alternative to traditional financial setups. Compared to the conventional loan management process, DeFi lending does away with intermediaries, connecting the lender and the borrower directly. The global decentralised finance market was […]
Leveraging Cloud Integration for Reporting and Analytics in Loan Management Software
If there is any secret to staying long-relevant in a highly competitive sector, adaptability and flexibility come at the top. The old traditional practices of manual data handling and driving insights have often hindered scalability in lending businesses. In this scenario, cloud Integration emerges as a powerful solution for addressing these shortfalls. Cloud computing can […]
Open Banking vs Platform Banking: Implications for Traditional Banks
Traditional banks often struggle to adapt due to a lack of innovation and personalised services, leaving them vulnerable to disruption. Open banking addresses these issues by securely enabling data sharing between banks and approved third parties via application programming interfaces (APIs). This collaborative method sharply contrasts with traditional banking’s siloed data model. India’s open banking […]