The rise of non-banking financial companies (NBFCs) in India can be attributed to their impressive credit appraisal systems and inefficient conventional banking sector. With an impressive CAGR of around 18.7% between 2005-2006 and 2019-2020, NBFCs are among the fastest-growing sub-sectors...

No͏n-͏Bank͏͏͏͏ing Fin͏͏a͏nc͏ial͏ Co͏m͏pa͏͏nie͏s͏ (NB͏F͏͏Cs) face a tough challenge in managing risk in a dynamic financial landscape. Efficient risk identification and mitigation are crucial, but how can this be achieved effectively? The ͏answ͏er l͏ies i͏n s͏͏elec͏t͏ing NBF͏͏͏C s͏͏oft͏wa͏r͏e ͏wit͏h͏ useful ͏fe͏͏͏a͏tures͏...

Credit score service companies are becoming a vital component of risk management as we see a decrease in the Gross Non-Performing Assets (GNPA) ratio for scheduled commercial banks to 2.8%, marking a 12-year low. Traditional methods often fail to assess borrowers accurately. These...

Traditional financial statement analysis methods are increasingly becoming obsolete. They primarily rely on basic tools such as the Profit and Loss Account and Balance Sheet, failing to deliver comprehensive insights into a company's financial health.  Furthermore, the heavy dependence on...

Indian banks have written off a whopping $9.9 trillion worth of loans in the last five years, out of which they could recover about $1.84 trillion. It is also worth noting that around 2,623 wilful defaulters owe around $1.96 trillion...

Imagine applying for a loan and receiving approval within minutes—all thanks to cutting-edge AI tools. No more waiting for days as your paperwork is shuffled between departments. This is the future of lending, powered by AI-powered bank statement software or...

Are you tired of spending hours poring over financial statements only to miss critical insights? Many lenders often face the same struggle, leading to wasted time and potential losses. Without the right tools, analysing financial data can feel like finding...

India's digital lending market is on the brink of a revolution, with projections indicating a surge from 1.8% of retail loans in FY22 to an impressive 5% by FY28. This rapid growth is fueled by the increasing demand for convenient,...

India's demand for credit is vast, yet a significant portion of the population lacks formal credit access. For example, in the MSME sector, only 14% of businesses have access to formal credit mechanisms.  The challenges in assessing borrowers' creditworthiness are...

Analysing a potential borrower's creditworthiness comes with multiple challenges. For instance, lenders struggle with limited access to a borrower’s financial data, manual underwriting processes, and inadequate fraud detection techniques. These challenges reduce the accuracy of credit report analysis. On the...