India has the largest stock of privately held gold, estimated at 20,000 to 25,000 tonnes approximately. Typically, in an Indian household, gold is held idle in lockers and vaults and only used occasionally. It’s a drag on the economy wherein crores of rupees in savings is stashed away out of the financial system. However, thanks […]
Can Computer Analytics Make Borrower Profile Assessment Safer?
Lending is a big business in India, which both, directly and indirectly, touches upon all parts of the economy and people. Apart from the banking sector, several NBFC players contribute to a major percentage of the lending business. With millions of Indians holding loans worth crores of rupees, any technology that can make life easier […]
Digital Solutions And Debt Recovery Businesses Go Hand-In-Hand
Recouping unpaid debts is not always easy. From outdated information to gaps in communication, a whole host of reasons make debt recovery a hard business to manage. Fortunately, technology and tools can smoothen most wrinkles debt recovery businesses face. How Does Digitising Help Manage Your Debt Recovery Business? A McKinsey survey found that 73% of […]
Make Your Credit Evaluation Process Smarter With Finezza
Assessing the credit-worthiness of borrowers is a key component of lending success. Accuracy and time are of the essence when assessing counterparty risk. Yet the process of assimilating and analysing borrower information in order to assign a credit score when done manually is still prone to errors. It is also time-consuming, taking days or even […]
6 Key Challenges of Fintech in India
A recent report suggests that the total credit demand in India is projected to be worth $1.41 Tn by FY 2022. Between FY17 and FY22, the estimated growth rate of credit demand is 3.73%. Widespread internet penetration in the Indian subcontinent, multiple players in the market, and governmental policies that focus on digitisation have led […]
How Finezza’s Automation Technology Helps In Credit Card Evaluation
Credit cards are an essential component of the lending landscape that bless borrowers with incredible financial convenience. It helps them navigate through occasional short terms of financial distress. The criteria for lending decisions vary from lender to lender. Credit analysts often grapple with factors like multiple credit scores, absence of credit history, frequency of bill […]