The introduction of the ‘Account Aggregators’ is said to usher in a new era of India’s financial landscape. However, many analysts view it as a masterstroke strategy by RBI to empower and strengthen the data transfer needs of various stakeholders involved. Designed to help millions of customers get digital access to their data and help […]
6 Reasons Why You Must Choose a Trusted LOS Partner
Online loan origination process has become more nuanced vis-à-vis the competitiveness and regulations in recent times. Today, businesses can avail end-to-end lending solutions by choosing a reliable loan origination software for complete loan cycles. According to Statista, the digital lending market in India is expected to reach 350 billion dollars by 2023. A trusted loan […]
Can Embedded Finance Democratise the Digital Lending Segment?
The past few years have seen the growth of financial services and digitisation via adopting newer methods for wealth management, payments, insurance, and lending. Consequently, the digital lending sector is undergoing a similar transformation to overcome traditional banking pain points and highlight financial inclusion by offering individuals, and businesses access to financial services and products. […]
Digital Lending: Perks of Going Paperless
As the world plunges into a climate emergency and the worst pandemic of the century ushers in a monumental change in the way businesses work, paperless ought to take a central role. The IDC, for instance, predicted, 400 billion fewer pages will be printed in 2020, thanks to the pandemic-induced isolation and rush to digitise. The […]
How Finezza’s Comprehensive Analytics Simplifies Risk Management
India’s banking sector and NBFCs have played a pivotal role in addressing the financial needs of individuals and businesses across industries. These institutions have adopted agile processes by developing innovative financial products that cater to niche markets and bring mainstream lending to the forefront. Risk management, a principal factor in the financial sector, emerges as […]
What Does Embedded Finance and APIs Mean for the Lending Industry?
Never before have the times been more volatile and dynamic as now. Recession coupled with regulatory pressures, financial reforms, and the recent global pandemic has not made anything easier for the legacy lending industry. As a result, the lending industry faces several challenges while approving and disbursing loans. Cultural Shift: Traditional lending institutions work through […]