The digital lending landscape has witnessed a tremendous boost, especially during the Covid, which has shifted borrowers online searching for viable loan products online. Fifty-seven per cent of consumers prefer internet banking, according to the latest World Retail Banking Report. That’s nearly half the world’s commercially active population reaching out to online banking channels. So, […]
Can Fintech Innovations Bridge India’s Financial Inclusion Divide?
In the past decade, India has witnessed a quantum leap in the fintech industry. Fintech funding grew exponentially in the last few years, and after the COVID-19 pandemic, the industry became the blue-eyed boy of economies. Of the total 2,100 fintech entrees in operation, 67 per cent of them started operations in the last five years. […]
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 […]
Is Cash Flow Lending the New Opportunity for SMEs?
The term ‘cash flow’ refers to the movement of money in and out of businesses. All the enterprises rely heavily on borrowed money from other commodities to actively function daily. Businesses derive the amount from their revenues as well as take it as loan from banks or other acquisitions. While applying for loans, the enterprises […]
Best Gold Loan Management System: Features to Look For
Gold loans have been one of the oldest forms of secured lending in India for centuries. Being a highly liquid asset, gold is the preferred collateral for many lending companies. Several financial institutions, including banks and NBFCs, have gold loans as an integral part of their business lending strategy. Challenges Faced By Lending Institutions in […]
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. […]