Global unsettling repercussions of the COVID-19 pandemic led to strict lockdown implementations in developing countries and emerging economies alike. Countries witnessed their social and economic life came to a complete standstill, which adversely affected the lives of millions of people. The aftermath is massive suffering for the low-income strata and struggles for survival for the […]
What is Cleantech? How can it integrate with Fintech?
The 3rd Industrial Revolution began in 2006 and witnessed the integration of the latest technology in banking and finance and the rise of Fintechs. It also saw the amalgamation of various environmental care initiatives and techniques to generate an industry compatible with the sustainable development of the environment – giving rise to Cleantech Products designed […]
6 Key Challenges of Fintech in India
A recent report suggests that the total credit demand in India is projected to be worth $1.41 Tn by FY 2022. Between FY17 and FY22, the estimated growth rate of credit demand is 3.73%. Widespread internet penetration in the Indian subcontinent, multiple players in the market, and governmental policies that focus on digitisation have led […]
11 Features of the Perfect Loan Management Software
Legacy loan management systems make the lending management process unduly tough for lending officers thanks to the large scale manual processes involved. Given the gradual increase in demand for credit, lending companies find it impossible to cope with the outdated loan management solutions that follow a fragmented approach. Financial lending companies need a solution that […]
How Can Cloud Technology Transform Your NBFC?
Intense competition in the lending markets demands that all lenders streamline their processes and routines to service the growing demand for credit. Thus, financial lending companies like NBFCs and MFIs need to leverage time-saving technologies to optimise their operations. For example, manual processes of legacy loan management systems often fail to match the massive amount […]
India’s Covid Economic Relief & Its Impact On Our Finance Sector
Indian economy and the financial sector is suffering from the impact of the deadly coronavirus pandemic as there is a nationwide lockdown in place to contain its spread. In the financial markets, investors seem to have lost all their confidence and started pulling out their money. While the stock markets crashed across the world, central […]