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 […]
Top 4 Credit Bureaus in India that Every Lender Trusts
We often talk a lot about credit bureaus and know that they are responsible for generating our credit scores. The credit information provided by these bureaus is used by various providers and businesses who want to assess the financial health and background of an individual. Let’s take a closer look at the prime functions of […]
How Cloud Technology Can Future-proof Digital Payments
The days when digital payments were used only for online shopping are gone. In the last few years, there has been a steady increase in digital payments even in brick and mortar shops and pavement shops. Digital payment is becoming a new norm even for common money transfers between two parties. With the restrictions in […]