Despite their best efforts, established banks often suffer from manual approaches and outdated processes. Vis-a-vis modern customer expectations of a quick approval time and flexible digital lending, these barriers usually force borrowers to seek alternate solutions. Fintech startups and lending businesses aim to close this exact gap. But the question is, how well-stacked are the […]
How Can Banks Monetise Open Banking Platforms?
COVID-19 led to a disruption in different sectors, and banking is no exception. Nonetheless, with the application of Open Banking in the field, banks have found their way back to stability. The recent waves of digitisation have broadened the scope of significant technological changes in the banking sector. Be that as it may, well-established banks […]
RBI’s Surveillance of Digital Lending Apps: Productive or Obstructive?
The Indian digital lending sector, an industry virtually non-existent nearly a decade back, has grown by leaps and bounds in the last three to four years. The market valued at $14 billion in 2013, is expected to reach $350 billion by 2023 and $1.3 trillion by 2030. An enormous credit demand in the economy fuelled […]
How Do Virtual Credit Cards Act as Fuel to New Digital Business Models?
Credit cards frequently get a bad reputation due to the possibility of loss or misuse. With the rise in online payments and growing security concerns, virtual credit cards are ushering in a new way of making payments. Are you tired of sharing physical card information with recurring vendors? Do you want to mitigate the risk […]