Lending is a tricky affair. It is always essential for lenders to be very careful about whom they are lending the money. There are a lot of risks associated with lending, and one of the most significant risks is that the borrower may not be able to repay the loan. That’s where bank statements come […]
Funding is always an integral part of the growth of a business. With the rise of eCommerce, the requirement for finance has given rise to digital lending. WhatsApp has tied up with banks like ICICI Bank, Kotak Mahindra Bank, and HDFC Bank to provide lending services to its largest and the fastest-growing market in the […]
Small businesses and budding entrepreneurs often lack past financial statements to prove their creditworthiness to banks. This gap opens up doors for a more efficient system to take its place. And digitising lending became the answer. Since time immemorial, lending has been an integral part of our society. Evidence of money lending and credit systems […]
Peer-to-peer (P2P) lending is a financial innovation that emerged over time — To improve the current state of financial inclusion and to act as a substitute for bank loans and traditional financing options. Becoming a highly essential alternative lending platform, it is projected to grow at a CAGR of more than 20%, touching $10.5 billion […]
Bank statement analysis includes a review, breakdown, and analysis. This scan is done by commercial and retail banking, investment companies, financial institutions, and accounting and auditing companies. A bank statement analysis shows the records of all the transactions undertaken by the applicant, such as deposits, withdrawals, cash transfers, interest earned, debit card payments, bank service […]
Banking channels were the sole institutionalised means of driving financial inclusion in a country like India for a long time. While urban India can boast of a high level of financial inclusion and access to numerous options, the same cannot be said for rural India. A major portion of the unbanked population lives in rural […]
With support from the Swiss State Secretariat for International Finance (SIF), the Green Digital Finance Alliance and the Swiss Green Fintech Network have released the final edition of the world’s first green Fintech classification/taxonomy. The primary goal of the Green Fintech Taxonomy is to nurture and promote the green fintech sector by allowing policymakers, investors, […]
While experts believe the RBI hike will not be a problem for digital lenders, BNPL players will unquestionably be in the firing line. In response to the surging inflation across the nation, the Reserve Bank of India decided to hike the benchmark policy repo rate by another 50 basis points. This hike comes on top […]
It’s a roaring time for Fintech! Financial institutions will no longer rely on spreadsheets and face-to-face meetings. As a result, financial startups and innovators scramble to serve the market needs. The financial industry continues to be shaped by relatively young businesses influencing trends in the industry. Through a digital-first strategy, Fintech has not only generated […]
Financial startups! One of the buzzing sectors among a variety of startups. Today every form of financial engagement comes with some or other pain point for both customers and lenders. Hence, we see several innovative solutions in the market that address these issues and make the entire process more seamless. What’s more? Consumers prefer their […]
