The Fintech industry is leading the digital transformation among all the industries. Gone are the days when customers visited physical branches of banks or NBFCs for every operational and transaction need. Today, almost all banks and NBFCs provide online services through multi-channels like web, mobile, tab, pos machines, ATMs, smartwatches, smart voice assistants, etc. However, […]
Virtual Banks Tapping Into the Vast Unbanked Sector in 2021
India has a fairly high economic growth compared to other developing and even some developed countries in the world. Despite this, the truth remains a major part of India’s population still remains unbanked. Consequently, financial inclusion has always been the major goal of the Government of India and the economic policies have been framed keeping […]
How Your Digital Footprint Will Affect Your CIBIL Score
The lending and financial landscape are evolving thick and fast all over the globe. The rate has almost been exponential last year due to the pandemic-borne realignments. For a lending institution to have a tech-savvy mobile app and a digital lending strategy is no longer “good to have” but has become a “must-have”. The potential […]
6 Ways Digitisation Can Help Curb Loan Defaults in 2021
Lending is the engine that powers the financial growth of all businesses and individuals all over the globe. As the global economies get interconnected and interdependent more every day, the need for funding has also increased enormously. The number of retail borrowers, SMEs, and business borrowers has surged multifold in the last decade. Though this […]
How IoT Solutions Are Transforming the Fintech Ecosystem
Long before the advent of smart gadgets, voice assistants and wearables that have become commonplace today, we saw Hollywood movie characters using high-end cars equipped with sensors and voice assistants and superheroes receiving messages in their watch. Once a domain of fantasy, such devices are gaining momentum today, and a new class of tools is […]
Fintech and Cybersecurity: How to Manage Risks in this New Financial Era
Fintechs have garnered attention in all industries including banking and capital markets, asset and wealth management, insurance, funds transfer and payments. The lending and payments sectors are expected to witness a high level of disruption with the emergence of online platforms that enable the entire lending or borrowing process, peer to peer personal loans and […]