NBFCs are promoters of financial inclusion within the economy. They constructed a solid bridge to achieve lending success within the deprived communities. Thanks to their gigantic contribution to the economy, NBFCs are now a significant part of the financing ecosystem. RBI’s Report on Trend and Progress of Banking in India 2020-21 also reflects similar sentiments. […]
5 Reasons Driving Global Digital Lending Rise
Digital lending has been gaining popularity all around the world. Not only are FinTech start-ups adopting digital lending, but even established multi-national banks are leveraging digital tools for the purposes of lending. The financial sector, in India and around the world, is now in the midst of digital transformation. All processes of such institutions are […]
Top 10 Tips for Co-lending That Benefits Banks and Consumers
In the post-covid economy, co-lending has emerged as one of the most attractive financing models. It not only makes credit available to the unserved but also minimizes the risks that lending institutions face. As a result, numerous public and private sector banks in India have entered into co-lending agreements with NBFCs. We’ll go through the […]
How Will Machine Learning Transform Credit Underwriting Software?
Access to credit is a critical element for families, individuals, and businesses to build wealth, achieve economic stability, and climb the economic ladder. The process to gauge the creditworthiness of borrowers or credit underwriting is therefore important to boost the lending business. Credit underwriting used to be a long and tedious process for borrowers with […]