A Statista report states that Indian banks sanctioned loans worth 30 trillion rupees in the retail sector in 2021. It is also worth noting that a majority of the chunk from that pool, i.e., around 15 trillion rupees was for the home loans segment. As this trend will continue in the foreseeable future, banks and […]
It would be an understatement to say that the adoption of advanced technologies has triggered evolutionary changes in the banking and finance industry. In the Indian scenario especially, lending tech has democratised credit delivery by providing loans and advances to demographics and industries that were otherwise overlooked by conventional banking. To a large extent, this […]
BNPL stands for Buy Now Pay Later. It is a payment service that allows customers to postpone their final bill for some time, even after buying something. As the name implies, consumers may want to make a purchase before payday, and BNPL enables them to buy things without making full payment immediately. According to GlobalData, […]
Over the last five years, fintech apps have disrupted the financial services sector as we know it. In 2020, the global fintech technologies market was valued at $110.57 billion, and it is expected to grow at a compound annual growth rate of 20.3% to reach a market share of $ 698.48 billion by 2030. While […]
The value of the global financial analytics market was at just $ 7.6 billion in 2020, and it is expected to grow at a compound annual growth rate of 10.3% and reach a volume of $19.8 billion by 2030. This indicates that financial data analysis is emerging as a pivotal function in many businesses today. […]
Non-Banking Financial Companies (NBFCs) have long been an integral part of our financial system, serving as a supplement to the traditional banking industry. Today, they exist as a heterogenous group in contrast to the formal banks and provide an array of specific financial services. Without a doubt, NBFCs play a significant role in India’s financial […]
According to Statista, the digital lending market has grown from 9 billion dollars in 2012 to nearly 150 billion dollars by 2020. It is projected to reach around 350 billion dollars by 2023. Along the same line, many experts believe 2023 will be a game changer for digital lending in India. This could be attributed […]
The banking industry has undergone a major digital transformation and has implemented cutting-edge technology after the Covid-19 pandemic. As a result of the recession and barriers to in-person channels, financing requirements have changed dramatically. A better client experience, faster turnaround time, and the use of artificial intelligence and machine learning have all contributed to the […]
Trend analysis is a technique for creating precise predictions based on historical data and analysis. It enables comparing data over a specific time frame and detecting uptrends, downtrends, and stagnation. In financial statement analysis, trend analysis involves evaluating an organisation’s financial information over time. Depending on the situation, periods might be counted in months, quarters, […]
The traditional banking sector in India has always been highly regulated. While this approach has created a haven for millions of consumers to meet their financial needs, it has also served as a barrier, keeping many outside the purview of the banking system. However, digital lending has emerged as a disruptor at scale. As of […]
