As the lending market grew from $7887.89 billion in 2022 to $8682.26 billion in 2023, speed and accuracy have become critical factors determining the success of lending operations like loan processing. Financial institutions must continually evaluate and analyse various financial...

The arrival of technology and rapid digitisation has certainly revolutionised the global financial sector. Apart from a few exceptions, the speed of innovation has taken a majority of financial institutions by surprise, leaving a significant gap in their ability to...

GSTR Analysis for Fintech Startups: Why it's Crucial for GST Review and Compliance The supply of goods and services in India is subject to the products and Services Tax (GST). In India, the GST law was enacted in July 2017...

The market size of the digital lending industry in India was worth just $ 9 billion in 2012. By the end of 2023, it is projected to reach a value of $ 350 billion. Fintech companies have played a major...

As of 2023, the India Digital Lending Platform Market is expected to grow at a CAGR of 27.90% to USD 923 million and reach USD 3159.19 million by 2028. This growth, however, is accompanied by several challenges, such as the...

Non-banking Financial Companies (NBFCs) are integral to the financial system. Their contribution to financial inclusion initiatives, dissemination of timely credit to the Micro, Small and Medium Enterprises (MSMEs) and infrastructure development projects are all significant chapters in the story of...

NBFCs play a vital role in the financial ecosystem by extending a broad range of banking services to SMEs, entrepreneurs, and individuals lacking access to traditional banking services. A report by Research And Markets forecasts a promising future for the...

The creditworthiness of a person determines their probability of obtaining a loan from a bank or other financial institution. Furthermore, it also summarises how worthy they are of getting new credit in the future. Typically, lenders go through an individual’s...

A Non-Banking Finance Corporation (NBFC) is a company that carries out the business of a financial institution as per Section 451(c) of the RBI Act. Their functioning falls under the purview of the Ministry of Corporate Affairs and the Reserve...

The last five years have witnessed a significant rise in the market share of fintech companies. For instance, the global fintech lending market size alone was estimated to be valued at $449.89 billion. By 2030, it is projected to rise...