Today businesses of all sizes have digital technology. More than 2100 fintech companies in India alone have digitised every possible consumer interface. But unfortunately, this transformation has also made them vulnerable to cyber-attacks. As per a recent ImmuniWeb survey, 98 of the top 100 global fintech startups are prone to cyber-attacks. Hence, these companies are […]
We are in 2022, and India’s economy is evolving amidst a global crisis. However, to achieve the $5 trillion economy dream by 2024-2025, the country certainly needs economic recalibrations. It wasn’t long ago when the pandemic caused an unprecedented downfall for the global economy, not to mention the MSME sector. Currently, the MSME sector is […]
Banks have been speeding up loan approvals and disbursements to consumers to gain a larger share of the burgeoning retail market. Major banks, including the State Bank of India, ICICI Bank, HDFC Bank, Axis Bank, etc., have slashed their lending turnaround times to as little as one day, and in some cases, as little as […]
Plastic money or credit cards is not something new. It has been a popular way of purchasing goods and services for decades now for end consumers. However, credit cards have faced stiff competition from alternatives over the past few years. BNPL cards or Buy Now-Pay Later tops that list. BNPL lets you buy what you […]
Digital lending is a tool to enhance financial inclusion. It facilitates provisions to financial service providers (FSPs) to deliver better solutions quicker, cost-efficient, and engaging. Whether financial institutes develop their digital lending capabilities, partner with other organisations, or both, they can adopt this framework to understand digital lending better. But before you delve into the […]
Fintechs are in the news again. Not that they had ever disappeared, but this time on a more ‘revolutionary note.’ Prime Minister Narendra Modi, recently addressed a leadership forum encouraging Fintechs to empower India’s financial health. India has already embraced the Fintech ecosystem through its adoption of digital payments. With the new year around the […]
India’s financial services are on the verge of exploding, and the digital lending market cap is predicted to be worth $1 trillion in the next five years. However, fraud remains a significant issue in India. Across public and private sector banks, international banks, small financing banks, local banks, and other financial institutions, loan fraud has […]
Finance is undergoing a significant change. Payments, loans, insurance, and wealth management are all being reshaped by digital technologies, and the COVID-19 has accelerated this trend. As a result, financial technology service providers benefit as banks seek speedy deployment of technology solutions to digitise their physical processes, expediated by COVID-19’s enforced social distancing. Together, these […]
Everyone born after the 1997s is now referred to as Generation Z, and most marketers consider them a tough crowd to sell. However, in many ways, Gen Z and Millenials buy products and follow buying patterns differently when compared to baby boomers, aka the older generations. Economic trends, the job market, and the rise in […]
Banking, when it began in 13th century Italy, was personalised service. After the Industrial Revolution, when demand surged, that service became standardised and became available to the masses. The next big disruption in banking came when information technology emerged. Processes became more efficient, and profit margins fattened. Again, however, the change was inside-out, meant to […]
