Lenders face several challenges concerning the credit risk management process. Some of these include inadequate data quality, lack of skilled underwriting personnel, lack of data security, lack of inclusive risk assessment strategies, and poor compliance monitoring frameworks. These multiple challenges...

As the world becomes increasingly interconnected and digitised, each transaction and interaction generates valuable data, which, if harnessed well, can offer invaluable insights and aid decision-making. One such revolutionary use of data is the leveraging of Goods and Service Tax...

As a young, innovative, and ambitious country, India is on the cusp of a tech revolution through extensive digitisation across all the major sectors including manufacturing, healthcare, transport, agriculture, and finance. Despite being relatively young, the financial technology (fintech) landscape...

Conducting a financial audit is one of the most critical activities that enables businesses to understand whether they are on the path to profit. It helps them identify their financial liabilities, risks, and potential fraud. The audit also enables them...

The financial sustainability and growth of an individual or a business are often intricately linked to their access to credit. Whether it is an education loan for an individual or a working capital loan for a company, all play a...

You do not need a microscope to observe how quickly things are changing in the Indian financial ecosystem. The rapid technology penetration, the country’s socioeconomic conditions, and government support have formed a formidable partnership to usher in a more digital...

Digital lending is considered to be one of the fastest-growing verticals in the Fintech space. In India, for instance, digital lending grew from a market value of $ 9 billion in 2012 to $ 350 billion by 2023. As the...

For those new to financial analysis, distinguishing between cash flow statements and income statements can be challenging. While they may appear similar at first glance, these are distinct financial documents, each providing unique and essential insights into a company’s financial...

In lеnding and crеdit, staying ahеad of dеlinquеncy is crucial. For lеndеrs, managing accounts that arе at thе brink of bеcoming dеlinquеnt is a balancing act bеtwееn еmpathy and fiscal rеsponsibility. When an account hits thе 30-day past due mark,...

The banking industry is on the cusp of a revolution driven by emerging technologies like artificial intelligence (AI) and machine learning. From chatbots to robo-advisors, AI in banking will change the way financial institutions interact with customers and operate internally....