Online loan origination process has become more nuanced vis-à-vis the competitiveness and regulations in recent times. Today, businesses can avail end-to-end lending solutions by choosing a reliable loan origination software for complete loan cycles. According to Statista, the digital lending market in India is expected to reach 350 billion dollars by 2023. A trusted loan […]
What are the Differences Between Payment and PSP Gateways?
In the world of digital commerce, the need for integrated, multi-channel payments continues to grow. With billions of daily transactions, payment gateways are becoming the leading edge of security, functionality, speed, and reliability. In the same vein, payment service providers or PSP gateway are turning into invaluable team players for companies and eCommerce sites in […]
Google’s Entry in Indian Retail Banking: The Challenges & Implications
In a paper released in February 2019, the Financial Stability Board highlights the potential impact of BigTechs on lending institutions. As per the paper, India’s traditional home ground of the banks stands invaded! Amazon, Facebook, Google, and Apple, collectively referred to as Big techs, are the tech giants who already command a strong influence on […]
Finezza is Now in the Novel Account Aggregator Ecosystem in India
On Thursday, September 2nd, 2021, eight Indian banks, four account aggregators, and the government’s Goods and Services Tax Network announced the rollout of the Account Aggregator ecosystem. This will aggregate all financial information of individuals in one place, democratise lending, and enable institutions to make better and faster decisions. And we, at Finezza, are delighted […]
Cash Flow Vs. Asset Based Lending: 4 Key Differences!
In order to sustain and scale its operations, every business needs to rely on borrowed capital at some point in time. Short-term financing is a key requirement for small businesses which can help them handle financial downturns and register growth in the long term. There are two types of lending styles that can be chosen […]
The Current Scenario of Banking as a Service (BaaS) in India
While the COVID-19 pandemic has dramatically impacted the traditional banking system, it also has helped digital banking to gain rapid acceptance. Meanwhile, Indian Fintechs are flourishings and touching almost every banking value proposition. With the government’s push towards digital initiatives, there’s no doubt that we will be witnessing more digital financial products in the future. […]