Discover a wealth of insightful materials meticulously crafted to provide you with a comprehensive understanding of the latest trends.
In India, personal loans are often the linchpin that supports numerous aspirations, be it a dream wedding or a much-needed home renovation. Being unsecured in nature, these loans demand a coherent verification process. However, the traditional method of manual analysis is laborious, error-prone, and time-consuming. While documentation requirements vary across institutions, one universal constant is […]
The lending industry has grown immensely in the last few years. According to estimates, the global lending market grew from $ 7887 billion in 2022 to $ 8682 billion in 2023. By 2027, the global lending market size is projected to grow to $ 12176 billion. In the realm of business loans, a variety of […]
The dynamic and evolving business landscape has compelled companies to leverage technology, such as financial analyzer software, to streamline operations and boost business deliverables. With data analysis and software-as-a-service or SaaS taking centre stage in recent years, businesses that have embraced these innovations have gained the upper hand over their competitors. Additionally, businesses that stay […]
The bank statement analysis process is crucial for individuals, businesses, and financial institutions alike, as it provides insight into financial transactions, cash flow, and other aspects of financial stability. In spite of offering innumerable benefits, automated bank statement analysis is yet to become the preferred choice for many financial institutions which still prefer manual bank […]
The global digital lending market, which stood at $12.6 billion in 2022, is projected to reach $71.8 billion by 2032, growing at a CAGR of 19.4% from 2023 to 2032, as per Allied Market Research. Globally, the COVID-19 pandemic disrupted traditional banking channels due to frequent lockdowns and the need to practise social distancing. This […]
From food stall owners to rickshaw drivers, restaurants to airports, quick response codes or QR codes have become a staple in the Indian digital payments ecosystem. The entry of fintech startups, the COVID-19 pandemic, and the efforts to improve customer convenience have propelled the demand for QR codes, especially in the emerging Southeastern economies. Currently, […]
The banking habits of the public have undergone a drastic change in recent years, thanks to rapid technological advancements and increased access to banking services. From cash to ‘plastic money,’ monetary transactions have evolved to digital receipts and payments in which money changes hands within seconds. In 2022, India topped the list of countries for […]
Accounting is considered to be one of the oldest professions in the world. Every business needs the accounting function to thrive and be efficient, as it drives growth and optimisation. Currently, the accounting process faces several challenges as the amount of financial data generated from digital processes keeps increasing. Bookkeeping alone – which requires systematic […]
In the digital era, precise financial record-keeping is crucial for customers and corporations. Learning how to scan bank statements can provide valuable insights into transactions, facilitating informed financial decisions. However, manual processes are often error-prone and time-consuming. Automating bulk scanning for bank statements is recommended to improve efficiency and accuracy. According to IDC, banking is […]
Today, data-driven decisions have become a success mantra for many forward-looking businesses. The traditional way of making impactful decisions based on intuition or limited data points can result in an opportunity loss. This is where software solutions powered by Artificial Intelligence (AI) score over legacy software. The AI software market is projected to grow from […]
