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 […]
Financial startups! One of the buzzing sectors among a variety of startups. Today every form of financial engagement comes with some or other pain point for both customers and lenders. Hence, we see several innovative solutions in the market that address these issues and make the entire process more seamless. What’s more? Consumers prefer their […]
Buy Now, Pay Later (BNPL) is quickly changing the way consumers shop and pay for their purchases. BNPL allows shoppers to make a purchase but pay for it at a later given date or to divide their payments into a few or several instalments. BNPL is gaining popularity in India and around the world, especially […]
Every loan process or audit of financial transactions—no matter if it is an individual loan or a commercial loan—starts with a bank statement. For instance, a bank statement could disclose information crucial in approving or validating a loan. What’s more? There’s a lot. How useful is financial statement analysis for banks? Let’s check that. What […]
Data and AI Lead at Microsoft, Canada, Ozge Yeloglu, famously said: “Big data may be cheap to collect, but it’s expensive if you don’t know what you want to get out of it.” The financial or digital lending industry is arguably one of the biggest consumers and creators of this big data—bank statements, PAN, financial […]
Today, our lives are dominated by technology, and the pandemic has pushed businesses further towards digitisation. Consequently, the finance industry has experienced a great deal of digital innovation. A notable example is the trend of using electronic transactions instead of traditional billing. e-invoicing is the next reasonable step taken by the government after the widely […]
In India, open banking has progressed significantly in recent years, and 2021 can be regarded as the year of open banking. Government actions, the launch of scalable Open Banking initiatives by banks, respectable traction by various neobanks, and investment and scaleup of multiple Banking-as-a-Service platforms have all contributed to this movement. With the rise of […]
So let’s get straight to it: digital lending is the future. However, as per Experian’s take on digital loan conversions, 97% of applicants abandon the digital lending process, leaving a teeny-tiny 3% conversion rate. While digital loans have a fantastic appeal of convenience that people love, this appeal doesn’t guarantee conversion. Fortunately, we have the […]
