A recent Mckinsey report indicates that collaborative data sharing in finance has the potential to boost the GDP of economies by 1 to 5 per cent by the end of 2030. In light of this, many nations in the G20...

Managing liquidity risk is paramount for financial institutions in the ever-evolving world of finance, where uncertainties and fluctuations in markets are constantly present. Liquidity risk is the loss resulting from the inability to meet short-term payment obligations, significantly impacting a...

Bank statement analysis is crucial for investors, analysts, and stakeholders interested in learning more about a banking institution's financial health and performance. Historically, this review has focused mostly on the numerical data reported in financial accounts. However, contextual analysis is...

Digital lending is expected to see a 4.75X boom in India. The digital lending market is projected to grow from $270 billion in 2022 to $ 1.3 trillion in 2030. By 2030, digital lending is also projected to make up...

In fiscal year 2021, the non-performing assets of India’s public sector and private sector banks collectively amounted to INR 6.17 trillion and INR 2 trillion, respectively. The inability to predict risk when offering loans to business or retail customers results...

Bank statements are important documents that present a holistic view of the account holders’ financial health. Bank statement analysis scrutinises the deposits and withdrawals, regular payments and credits, spending patterns, and preferred transaction modes (cash, debit cards, credit cards, UPI,...

Since 2020, the insurance sector has experienced an accelerated rate of digital transformation. Triggered by the growing demand for digital insurance services, companies aimed to implement basic processes such as digital customer service, payments, and renewals. However, companies are still...

Application Programming Interfaces (APIs) integration has become crucial for frictionless communication and data sharing between various systems in today's quickly expanding digital ecosystem. Implementing API connectivity for bank transactions within the banking industry is a game-changing move towards boosting productivity,...

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...