The digital lending segment grew from 9 billion USD in 2012 to almost 150 billion in 2020. It is one of the fastest-growing fintech segments and is expected to reach a value of approximately 350 billion USD in 2023 in India. Factors like increasing digital adoption and the difficulty of accessing credit through traditional banking […]
Embedded Finance: How Can Banks and Lenders Utilise Customer Spending Data
Embedded finance is technically a package deal. It combines a non-financial consumer experience with a suitable and usually complementary financial product or service. All in all, this combination aims to provide a superior customer experience. By 2027, global embedded finance market revenues are expected to exceed $183 billion. Embedded finance brings three advantages in one […]
How Can Embedded Finance Be an Innovative Gateway for the Lending Industry?
Technology has advanced so dramatically over the last decade that consumers can order a ride before arriving at their destination. In addition, they can pay utility bills without leaving their homes. In today’s modern world, instant payment systems are a part of our everyday lives, but where does the money come from? The answer is […]
Digital Lending’s Future: Secrets, Obstacles, and Success
India’s digital lending market is expected to grow to $1.3 Trillion in 2030, says Inc42. Technological growth, higher internet penetration and the tiresome loan application process in traditional banking establishments have pushed many towards digital lending. Moreover, customers’ demand for a faster and simpler loan application process has propelled lenders to go online and adopt […]
How Can Banks Unlock Sustainable Growth by Partnering With Fintechs?
Traditional banks have been around since the 14th century and have had a good run until now. However, the onset of new-age financial technology (fintech) firms has taken the financial world by storm. So, how have banks responded to the arrival of fintech companies? Do they see them as unwanted intruders? Are they willing to […]
Simplify and Scale Your Co-lending Business With Finezza’s LMS
The co-lending Model (CLM) of credit is not new to the Indian finance sector. Due to the proliferation of fintech resources and capabilities, the CLM has gained a lot of significance and has emerged as a viable solution to liquidity and access to credit issues. Efficient co-lending Loan Management Systems (LMS) can leverage the inherent […]