Banks of all sectors have been slow to innovate and adapt to technological changes. This has been primarily due to their extensive infrastructure that can make the adoption of new tech a logistical nightmare. Also, due to lack of competition and their monopoly, banks are in no hurry to innovate. However, the financial sector is […]
Can Fintech Innovations Bridge India’s Financial Inclusion Divide?
In the past decade, India has witnessed a quantum leap in the fintech industry. Fintech funding grew exponentially in the last few years, and after the COVID-19 pandemic, the industry became the blue-eyed boy of economies. Of the total 2,100 fintech entrees in operation, 67 per cent of them started operations in the last five years. […]
Top 4 Credit Bureaus in India that Every Lender Trusts
We often talk a lot about credit bureaus and know that they are responsible for generating our credit scores. The credit information provided by these bureaus is used by various providers and businesses who want to assess the financial health and background of an individual. Let’s take a closer look at the prime functions of […]
Digital Banking From the 2030 Perspective
The banking industry of 2030 will look completely different from what it is today. The inevitable and ongoing hype around Fintechs and Big-tech firms in banking and other financial services have been in the news for quite some time now. Even though the future seems uncertain, there’s no doubt that the 2030 landscape will be […]
Neobanking for SMEs: New Opportunities
Have you been following the financial industry and its current trends? Then chances are that you might have come across the word “Neobank”. Although neobanks are quite popular in the US and European countries, it’s a fairly new entrant in India’s financial landscape. These banks exist only in cyberspace and have no brick and mortar […]
Can Neobanks finally find the path to Profitability in 2021?
The digital acceleration in retail banking has given rise to the generation of digital-only banks a.k.a. neobanks. These banks exist only in cyberspace and have no brick and mortar branches. These neobanks interact with their customers through digital channels and also focus more on the customer experience which differentiates their offerings from the traditional banks. […]