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Digital transformation has influenced the rate at which business or personal loans can be disbursed. As of 2023, the value of the digital lending market in India is estimated to be $ 350 billion, primarily driven by fintech startups and non-banking financial companies (NBFCs). Despite this growth, loan rejection rates are also climbing. For instance, […]
The advent of credit bureaus in the 1960s was a turning point for the modern credit economy as credit scores and credit reports were first introduced. While we have come a long since then. The arrival of the fintech wave, coupled with innovations, is gradually transforming and streamlining the conventional approaches. For example, technology is […]
The rapidly evolving digital space has impacted the banking and finance sector and triggered a massive transformation. The emergence of innovative technologies like fintech solutions, APIs (Application Programming Interfaces), and new regulations are transforming how people use financial services. These developments have also given rise to a new-age banking practice, open banking. Simply put, open […]
In the banking industry, interest rate risk is an integral part of the business. As interest rates rise, the portfolio’s value will decrease, and when interest rates fall, the portfolio’s value will increase. The duration gap analysis measures how sensitive a portfolio’s value is to interest rate changes. A duration gap is a financial and […]
According to data released by the Reserve Bank of India (RBI), During the fortnight ending on February 10, India’s banking system credit showed a 16.1 % year-on-year (YoY) increase to a ticket-size INR 134.17 trillion. This is a significant increase from when credit growth stood at just 9% a year back. The rising demand for […]
One of the biggest challenges consumers and providers of financial services face is the lack of a seamless, secure mechanism to access and transfer financial data. For instance, when borrowers apply for business loans on lending apps, they need to share a host of information to establish their creditworthiness. The borrower will need to […]
Today, India has over 2,000 fintech companies, which is expected to grow further in the next decade. The arrival of fintech is rapidly transforming the financial services sector in India. One of the critical areas where fintech companies have garnered traction is the unsecured loan segment, thanks to digital lending. Before the fintech revolution, businesses […]
Technology is developing at an unparalleled rate in the banking and financial sector, completely transforming conventional procedures and products. Fintech is rapidly innovating banking as we know it, from automating routine banking processes using Robotic Process Automation (RPA) to empowering customers by giving them control over their financial data through open banking systems. These changes […]
With growing digitisation, the fillip online shopping received during the pandemic and popularity among the youth have encouraged the Point of Sale (POS) financing options. The most common form of POS financing is Buy Now, Pay Later (BNPL) It is interest-free credit where consumers spread the cost of an item over a short period. Many […]
The COVID-19 pandemic has had a significant impact on the non-banking financial sector. The sudden and widespread lockdowns resulted in a slowdown in economic activity, leading to a sharp drop in demand for loans and a decrease in consumer spending and investment. Non-Banking Financial Companies (NBFCs) faced challenges in terms of collecting payments and meeting […]
