Do you know we have used online banking for almost 20 years? Time has flown very quickly, but the financial sector has changed significantly throughout the years. The demographic shift among young people is influencing the developments in the fintech industry. Younger consumers’ preference for individualised and digitised financial services is transforming the banking landscape. […]
In financial analysis, every decision–from investments and risk assessments to strategic planning–relies on the accuracy and reliability of your data. Data quality and intеgrity arе cruciаl bеcausе dеcisions arе mаdе basеd on thе insights dеrivеd frоm thе data. If the data is inaccuratе, incomplеtе, and inconsistent, it can lead to faulty analysis and potentially erroneous […]
With over 9,000 registered lending fintechs, India has the third-largest fintech ecosystem worldwide. The notable rise in fintech companies can be attributed to several factors including high internet penetration, incompetent banks and financial institutions, evolving consumer behaviour, and favourable regulatory policies. Additionally, India’s large unbanked or underserved population coupled with a thriving startup ecosystem has […]
As a young, innovative, and ambitious country, India is on the cusp of a tech revolution through extensive digitisation across all the major sectors, including manufacturing, healthcare, transport, agriculture, and finance. Despite being relatively young, the financial technology (fintech) landscape offers tremendous promise. Thanks to the blend of robust and favourable government initiatives coupled with […]
India, home to 9,000 fintechs, has the third-highest number of fintechs globally and holds a 14% share of Indian startup funding. Many fintech startups in India have forayed into digital lending. These fintech companies extend credit through the Non-Banking Finance Companies (NBFCs) they own or their partnerships with other NBFCs. As per industry estimates, the […]
AI in banking is redefining the financial sector and changing how banks function and interact with customers. Financial institutions are assessing options and adopting groundbreaking technology to meet the ever-evolving expectations of tech-savvy customers and meet emerging challenges like security, compliance and changing marking dynamics. The convergence of banking, telecom, retail and information technology has […]
Traditionally, banks have proactively embraced new technologies to improve their services and gain customers. Banks have consistently rolled out tech-driven solutions, from digital ledgers and ATMs to online banking and debit cards. Today, there is unmissable hype around artificial intelligence (AI) in banking and how it can revolutionise the various aspects of the banking industry. […]
Non-Banking Financial Companies (NBFCs) are crucial for offering various financial services in the contemporary financial and lending landscape. They act as alternatives to regular banks, using advanced tech to streamline operations, manage data efficiently, and meet regulations. The introduction of cloud-based NBFC software is revolutionising the game, presenting numerous advantages for financial service companies. The […]
Fintech combines finance and technology; it is transforming the financial landscape and reshaping the future of finance, leading to a collaboration between fintech and banks. Generally, it refers to businesses that leverage technology to improve and automate their financial services and processes. Fintech encompasses a rapidly growing trend, making financial services inclusive and efficient and […]
Application Programming Interfaces (APIs) integration has become crucial for frictionless communication and data sharing between various systems in today’s quickly expanding digital ecosystem. Implementing API connectivity for bank transactions within the banking industry is a game-changing move towards boosting productivity, increasing consumer experiences, and opening up fresh doors for innovation. However, this procedure is not […]
