Risk assessment makes or breaks a business model, especially in the banking sector. Establishing a solid process of risk assessment maximises business and minimises risks. This brings us to evaluate the current risk assessment practices and reassess how reliable or efficient they are. Open banking enables this reassessment and gives the chance to eliminate any […]
The pandemic has changed the way businesses operate, in India as well as the world. Due to the pandemic, large-scale trends have taken off across industrial sectors, such as digital transformation, remote working, and so on. The way people financially interact with each other is also changing. By financial interaction, we mean the medium of […]
Over the ages, traditional banks have struggled to play a bigger role in the expansion of SaaS companies. On the surface, a SaaS company lacks many of the traditional creditworthiness indicators, such as inventory and receivables. With intangible assets and technologies that some banks still consider experimental despite decades of proof points, SaaS companies struggle […]
It wasn’t long ago when Google Pay, Paytm, or UPI came into our lives and revolutionised the financial services sector and our purchasing habits. It feels incredible to effortlessly purchase goods, pay for expenses, book tickets, all in one go with just one tap/click. This seamless integration of financial services into a traditionally non-financial platform […]
Managing risk and regulatory compliance in today’s connected and digital world is becoming increasingly complex and expensive. As a result, artificial intelligence (AI) and machine learning (ML) have gained popularity in the last decade to increase efficiency productivity and reduce costs across industries. As traditional banks compete relentlessly with new fintech companies, their legacy software […]
Consumer credit has seen record growth since the pandemic. Across all income brackets in the country, there has been a sustained upsurge in demand. Moreover, with the rise of the fintech ecosystem in recent years, digital credit has taken off, transforming how loans are procured and disbursed. Additionally, digital loans’ popularity is attributable to increased […]
The pandemic has altered the cost of living for the average Indian. The Center for Monitoring Indian Economy revealed that 55% of households in India experienced a decrease in their incomes while only 3% of the households had an increase of the same. Marko Carevic, Chief Marketing Officer of Home Credit India, said that nearly […]
Bad loans have always been bad business for lenders, but financial institutions are increasingly tightening their purse with the pandemic exacerbating market volatility and geopolitical tensions. Although commercial loans are critical to bank asset portfolios, and the commercial lending market is set to grow at a CAGR of 13.1% over the next decade—these financial institutions […]
Trying times have spun the way financial institutions operate. With the ease of payments, transfers, and money, millennials are used to instant and accessible financial services more than ever. As a result, traditional banks often seem unappealing to them. With parallel developments in the digital lending space, more individuals with no credit history have access […]
From the co-origination of loans in 2018 to the ‘co-lending model’ of 2020, the evolution of the framework laid out by the Reserve Bank of India (RBI) has spurred banks-NBFCs collabs. This has allowed for seemingly unusual tie-ups between banks and fintech companies and has raised concerns over the model’s sustainability and reliability. We’ll take […]
