According to Statista, the digital lending market has grown from 9 billion dollars in 2012 to nearly 150 billion dollars by 2020. It is projected to reach around 350 billion dollars by 2023. Along the same line, many experts believe 2023 will be a game changer for digital lending in India. This could be attributed […]
The banking industry has undergone a major digital transformation and has implemented cutting-edge technology after the Covid-19 pandemic. As a result of the recession and barriers to in-person channels, financing requirements have changed dramatically. A better client experience, faster turnaround time, and the use of artificial intelligence and machine learning have all contributed to the […]
Trend analysis is a technique for creating precise predictions based on historical data and analysis. It enables comparing data over a specific time frame and detecting uptrends, downtrends, and stagnation. In financial statement analysis, trend analysis involves evaluating an organisation’s financial information over time. Depending on the situation, periods might be counted in months, quarters, […]
The traditional banking sector in India has always been highly regulated. While this approach has created a haven for millions of consumers to meet their financial needs, it has also served as a barrier, keeping many outside the purview of the banking system. However, digital lending has emerged as a disruptor at scale. As of […]
The global financial sector has been in continuous flux since the last decade. The industry is evolving and expanding through innovations. Disruptive technologies that emerged served to revamp the age-old banking business models while also changing public perceptions of how banking is conducted and the services are provided. Open banking is one such technology that […]
Over the last few decades, non-financial banking companies (NBFCs) have become an essential part of the Indian financial system. Despite a lacklustre beginning in the 1960s, currently a significant number of business owners and retailers prefer taking loans from NBFCs over conventional banks. The arrival of NBFCs has transformed the business loan landscape in India. […]
A report by the Reserve Bank of India (RBI) refers to the Non-Banking Financial Corporations (NBFC) as a “steady ship in choppy waters”. According to the report, the NBFC sector’s consolidated balance sheet exhibited double-digit growth in the quarter ending in December 2021. Credit disbursement also grew at a steady rate. In 2020, 60% of […]
As per reports, the inflation rate for October 2022 was 6.8%; for the year 2021, the annual inflation rate was 5.1% in India. Inflation is on the rise, not only in India but globally. Increasing inflation impacts both consumers and companies – businesses have to deal with the rising cost of production and consumers with […]
India is home to 7500 + fintech startups along with 23 unicorns UPI monthly transactions reached a value of approximately $135 billion Fintech in India has 80 % adoption, compared to 64% in the rest of the world – According to the inputs by Invest India Financial technology, abbreviated as fintech, is a work in […]
Precisa is a cloud-based bank statement analyser with intelligent automation designed for decision-makers in the lending, insurance, wealth management, and personal finance industries. It can help reduce NPAs, create risk profiles, and make smart lending decisions with features like: 1. All Bank Accounts Analysis In addition to providing analysis at an individual bank account level, […]
