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 […]
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 […]
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 […]
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 […]
