Getting a bank loan approved is a time-consuming process that necessitates a thorough paperwork review. The verification process differs by the bank. Before sanctioning any loan, the bank considers four key factors: safety, liquidity, spread, and profitability. Banks will then...

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?...

Financial assistance for promising businesses is critical to India's objective of creating an entrepreneur-friendly economy. A vendor's most significant hurdle to establishing business is financing. Did you know that 77% of working Indians are dependent on personal loans to stay...

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...

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...

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...

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...

Covid-19 has ushered in a paradigm shift in India's digital payments landscape, unleashing a slew of new sub-industries, including Buy Now Pay Later (BNPL). In India, consumer and retail business adoptions are at an all-time high, indicating that eCommerce is...

Risk assessment makes or breaks a business model, especially in the banking sector. Establishing a solid process of risk assessment maximises business and minimises risks. This brings us to evaluate the current risk assessment practices and reassess how reliable or...

The pandemic has changed the way businesses operate, in India as well as the world. Due to the pandemic, large-scale trends have taken off across industrial sectors, such as digital transformation, remote working, and so on. The way people financially...