The lending industry has been a crucial player in financial transactions in recent years. From mortgages to personal loans and credit cards, individuals rely on lenders for their financial needs. However, amidst this reliance, a pressing issue is on the rise – identity theft, a risk that demands immediate attention. Identity theft has become a […]
Top 4 Mobile Banking Risks and How to Mitigate Them
Shrinking sizes and expanding prowess, mobiles promise a great deal: calling, dating, job-hunting, working, and…banking. As a result, these portable powerhouses have irrevocably changed lives, corporations, and consumer behaviour. A greater demand for easy, all-around access to products and services has steered technological and communicative developments. So, a significant result has been the advent of […]
How does FaaS Help with Fraud and Chargeback Prevention?
The Indian Fintech market is currently the world’s third-largest Fintech ecosystem, behind only the United States and China. India has 6,636 Fintech startups, making it one of the fastest-growing Fintech markets. The Indian Fintech business was worth $31 billion (INR 3100 crore) in 2021 and is expected to be $150 billion (INR 15000 crore) by […]
Lender’s Guide to FAQs About Fake Documents & Answers
Lenders often seek bank statements to verify prospective customers’ income, cash flow, or assets for loan disbursement. Unfortunately, PDF versions of bank statements can be tampered with or even entirely fabricated. For instance, a Google search on ‘make a fake statement’ will open up dozens of websites that create a wholly fabricated bank statement with […]
Risks & Opportunities for India’s Economy with the Rise of Fintech
From significant regulators in Mumbai to Blockchain specialists in cities like Delhi, Bengaluru, and Hyderabad, multiple Indian metropolises are snagging the title of ‘fintech hubs’. With a boom in startup growth and a boost from governmental support, the Indian fintech industry has become a force to reckon with. However, the unprecedented rate at which the […]
What Makes CBS a Vital Component of Banking in 2022
Advancement in banking tech has enabled a significant shift in how banks operate. The implementation of the Core Banking System or CBS, for instance, is one of the most innovative developments that has revolutionised conventional banking systems. According to the Market Research Future (MRFR) research, the worldwide CBS in banking is highly lucrative and expected […]