Very often, banks shy away from integrating advanced products like core banking solutions into their systems. Even if they don’t, most bankers associate the integration of modern technologies with escalated costs and enhanced risks. Core banking solutions are the core frameworks that are used to lodge all the withdrawals and deposits that the bank makes. […]
Common Differences Between Banks and NBFCs
Globalisation is on a steep rise, and businesses tend to turn complex, given this rise. To provide adequate support for these complexities, financial institutions have geared up to offer a range of financial products and services. Such financial institutions provide a strong foothold for businesses all around the world, especially so during the time of […]
Open Banking Is Here and for the Better: Know How?
Digitisation is slowly yet steadily consuming all our day to day functions, in a quest to make them simpler to execute. Resultantly, we have life processes that are easier, faster and better all thanks to the tech influx. Even the economy, on the whole, has started to transition into a digital data-driven engine with its […]
Chronicling the Growth of Digital Lending in India
Thanks to India’s e-commerce boom, consumers have started to expect a lot more from the other service providers they routinely buy from. The lending industry has learned quickly from the unequivocal shift towards digital. This change has been driven by both consumer demand and regulatory factors. The first wave of change came in the form […]
A brief history about NBFI (Non-Banking Financial Institutions)
NBFCs started operations in India in the 1960s. They began as an alternative for individuals whose financial needs were not sufficiently met by the banking system of the country. For the initial period, they operated on a limited scale without any significant impact. Here’s A Brief History about Non-Banking Financial Institutions NBFIs invited fixed deposits […]
How to Find the Right Loan Origination System for a mid Sized Operation?
One of the most crucial stages in the process of loan servicing, loan origination, has seen a revamp in recent times. UI design and service delivery have become essential considerations for lenders choosing loan origination systems for their lending platforms. A lender’s choice of loan origination process is what makes them different from the rest […]