What is a co-lending arrangement? A co-lending arrangement is when a bank and an NBFC jointly contribute loans to a facility, sharing the risks and rewards. Co-lending model (CLM) improves the flow of credit to underserved sectors and provides funds to beneficiaries at an affordable rate. This is made possible by combining the lower cost […]
The Fintech industry uses innovative digital solutions to optimise financial services and banking. A growing number of NBFCs are offering financial services, including bank accounts, wallets, electronic payments, insurance, and personal loans by offering Banking as a Service. Businesses of all types plan to launch embedded financial services to serve business and consumer segments better, […]
Almost every aspect of our economy has changed in some way due to the COVID-19 pandemic, and commerce is no exception. Today’s merchants aim to develop frictionless digital lending experiences that make it simple and quick for customers to buy products from their online store. Point of sale financing is one such technology that retailers […]
In the world of business, non-banking financial companies (NBFCs) play a vital role by providing loans and advances to businesses and individuals. These financial institutions cater to the needs of those who do not have access to banking services. In India, the NBFC sector is growing at a rapid pace, and it has filled the […]
India’s payments market size is expected to grow to $ 10 Trillion in 2026, according to a report by Boston Consulting Group. With payments, Buy Now Pay Later, or BNPL, a newer trend is also projected to grow to a BNPL Gross Merchandise Value of $93.509 B by 2028. Buy Now Pay Later or BNPL […]
Business owners often have to make smart, strategic decisions under pressure. Having access to critical financial information is necessary to help expedite this process. However, combing through bank statements can be a cumbersome, time-consuming process. Precisa’s financial statement analysis software is designed to scan through bank statements and gives you access to the exact information […]
Artificial intelligence is redefining how industries operate at the surface level. The wave of digitisation has pushed businesses to provide their tech-savvy customers with cutting-edge services. The banking sector is adapting to the changing dynamics. The global AI in the banking industry was recorded at $3.88 billion in 2020 and is expected to reach $64.03 […]
Every business has a unique story. While digital marketing and ad campaigns push a company’s brand narrative, a business’s bank statements tell the real story. Reading a bank statement, however, can be a labour-intensive, and overwhelming experience. Also, it can be easy to miss out on important details. This is where financial statement analysis software […]
With our easy-to-use web application, we at Precisa aim to simplify the bank statement analysis (BSA) process by allowing you to upload bank statements and present actionable insights in a visually appealing, intelligent dashboard. Precisa’s BSA is an all-in-one AI-powered analytics platform designed to catch any irregularities in bank statements in real-time. It evaluates the […]
India’s retail credit market has always represented a vastly underserved and exciting opportunity in financial services. Entrepreneurship, risk capital, and supportive infrastructure have contributed to the current uptick in innovation in this field. Technology has been instrumental in closing some credit gaps by reducing distribution costs, enhancing risk management, and enabling more customer-friendly products. However, […]
