India’s credit gap widened in tandem with the economy’s unprecedented growth. In such a market condition, debt financing can be of some help, if not for the straining procedures, collateral demands, and heavy paperwork. As banks fell short of presenting a favourable image to businesses, NBFCs became the obvious choice for credits. In all this, […]
Automated bank statement analysers have become the engines that drive borrower assessment. A BSA allows you to flex your analytical muscles and put creditworthiness under scrutiny. But not all bank statement analysers are made equal. Here’s why Precisa is better than the others. 9 Features that make Precisa Outperform other BSAs Precisa bank statement analysis […]
Buy Now, Pay Later (BNPL) is quickly changing the way consumers shop and pay for their purchases. BNPL allows shoppers to make a purchase but pay for it at a later given date or to divide their payments into a few or several instalments. BNPL is gaining popularity in India and around the world, especially […]
Ever since RBI released updated guidelines on co-lending, it has become a more accomodating topic across the news. Home loans are a specific area where co-origination can enhance collaboration between banks and NBFCs. Certain Housing Finance Companies (HFC) have shifted to an asset-light model. With a model which is relatively common in the developed markets […]
A bank statement is a summary of a specific account holder’s inflows and outflows over a set time period. The bank’s transactional history is commonly regarded as reliable documentation for determining the financial health of any customer. As and when incurred, all sources of revenue, expenses, withdrawals, overdraft payments, credit card payments, and so on […]
Getting a bank loan approved is a time-consuming process that necessitates a thorough paperwork review. The verification process differs by the bank. Before sanctioning any loan, the bank considers four key factors: safety, liquidity, spread, and profitability. Banks will then examine previous funds flow statements from the bank statement over a period of time to […]
Every loan process or audit of financial transactions—no matter if it is an individual loan or a commercial loan—starts with a bank statement. For instance, a bank statement could disclose information crucial in approving or validating a loan. What’s more? There’s a lot. How useful is financial statement analysis for banks? Let’s check that. What […]
Financial assistance for promising businesses is critical to India’s objective of creating an entrepreneur-friendly economy. A vendor’s most significant hurdle to establishing business is financing. Did you know that 77% of working Indians are dependent on personal loans to stay afloat? That is precisely where RBI-approved Co-lending came in as a blessing – to address […]
Data and AI Lead at Microsoft, Canada, Ozge Yeloglu, famously said: “Big data may be cheap to collect, but it’s expensive if you don’t know what you want to get out of it.” The financial or digital lending industry is arguably one of the biggest consumers and creators of this big data—bank statements, PAN, financial […]
Today, our lives are dominated by technology, and the pandemic has pushed businesses further towards digitisation. Consequently, the finance industry has experienced a great deal of digital innovation. A notable example is the trend of using electronic transactions instead of traditional billing. e-invoicing is the next reasonable step taken by the government after the widely […]
