What does the post-COVID world look like? Well, no one really knows but the world is slowly inching toward it for sure. In the course of a year, the COVID-19 pandemic has affected people in every sector, however, the most damage was perhaps felt by the financial sectors, including non-banking financial institutions (NBFIs), banks, fintech, […]
5 Ways Digitisation Can Help Banks and Lenders Ensure Customer Data Safety
Before the advent of computers and technology, lenders and banks stored customer and transaction data in physical ledgers and registers. The physical ledgers, along with other confidential documents related to customers, were stored in safe vaults and lockers, which were guarded by armed physical security forces. Since the advent of computers and subsequently, the internet, […]
Top Fintech Trends to Watch Out for in 2021
It’s fair to mention that 2020 has been the year of disruptions in almost all industries. The pandemic that swept the world, totally altered the way businesses operate. Suddenly, remote and digital channels became primary for most businesses, especially during the times when there were strict restrictions in moving out freely. Some industries were heavily […]
How Account Aggregators are Becoming Consent Managers in India
The greatest benefit of the amalgamation of digital technologies is that data from various sources can be brought together in one place for better effectiveness. Even in the world of financial services, cutting-edge technologies that have been introduced have brought a shift in the consumer expectations of speed, safety, and security. This kind of varying […]
How Effective Is It to Automate Your Debt Collection?
No matter how big or small your business operations are, managing cash flow can be quite challenging. For instance, since the Great Recession in 2009 in the US the consumer debt had increased nearly by USD 2.3 trillion and now with the pandemic, it is even getting more difficult to recover debts. Business turnovers have […]
6 Ways Digitisation Can Help Curb Loan Defaults in 2021
Lending is the engine that powers the financial growth of all businesses and individuals all over the globe. As the global economies get interconnected and interdependent more every day, the need for funding has also increased enormously. The number of retail borrowers, SMEs, and business borrowers has surged multifold in the last decade. Though this […]