Peer-to-peer lending (P2P lending) is disrupting the traditional financial framework, but not without raising concerns about regulatory oversight and borrower-lender protections. Unlike regulated banks, which must adhere to the strict RBI guidelines for documentation, credit assessment, and compliance, P2P platforms often operate with minimal requirements. While seemingly beneficial for quick access to funds, this relaxed […]
Understanding the Types of Invoice Financing: Factoring vs. Discounting
Maintaining cash flows efficiently is an important aspect of business growth. Companies budget a certain amount of funds to help meet their production expenses. However, sometimes, companies may need a sudden influx of cash to help fund an order of a larger ticket size. This is where access to invoice financing can help them fulfill […]
Tackling NPA: How Advanced Lending Software Solutions Are Helping Indian Banks
The growth of Non-Performing Assets (NPAs) continues to be a top concern for digital lenders, today. According to reports, Indian banks continue to face challenges in recovering debt. India’s 39 Debt Recovery Tribunals (DRTs) and five Debt Recovery Appellate Tribunals (DRATs) struggle to cope with the volume of cases. Though 60,000 new cases are reported […]
Advancing Lending Operations: Supply Chain Financing Strategies
Traditionally, suppliers and buyers stand on opposite sides of the negotiating table when closing a business deal. However, they may need to adopt a more collaborative approach in certain circumstances. For instance, they may come together to apply for a business loan. Known as supply chain financing, this unique product enables the supplier to produce […]
5 Tech Trends Revolutionising Lending Lifecycle Management
There is a stark contrast between India’s current financial landscape and its state in the 2000s primarily due to the influx of fintech companies. The confluence of technology and finance combined with the increasing demand for convenient and user-friendly financial services are shaping India’s economic ecosystem. While traditional banks and financial institutions have served the […]