Bad loans have always been bad business for lenders, but financial institutions are increasingly tightening their purse with the pandemic exacerbating market volatility and geopolitical tensions. Although commercial loans are critical to bank asset portfolios, and the commercial lending market...

Today businesses of all sizes have digital technology. More than 2100 fintech companies in India alone have digitised every possible consumer interface. But unfortunately, this transformation has also made them vulnerable to cyber-attacks. As per a recent ImmuniWeb survey, 98...

Trying times have spun the way financial institutions operate. With the ease of payments, transfers, and money, millennials are used to instant and accessible financial services more than ever. As a result, traditional banks often seem unappealing to them. With...

As an individual lender, a bank, non-bank financial company, or any other financial institution, you examine the prospective borrower's bank statements to determine whether to lend them money. A bank statement is one of the most reliable sources for seeing...

We are in 2022, and India's economy is evolving amidst a global crisis. However, to achieve the $5 trillion economy dream by 2024-2025, the country certainly needs economic recalibrations. It wasn't long ago when the pandemic caused an unprecedented downfall...

New players are entering the realm of payments as customer demands change rapidly. Both corporations and consumers are increasingly transacting cross-border using online (mobile) payments and eCommerce respectively. The result: a significant change in how international remittance payments are conducted...

From the co-origination of loans in 2018 to the ‘co-lending model’ of 2020, the evolution of the framework laid out by the Reserve Bank of India (RBI) has spurred banks-NBFCs collabs. This has allowed for seemingly unusual tie-ups between banks...

Banks have been speeding up loan approvals and disbursements to consumers to gain a larger share of the burgeoning retail market. Major banks, including the State Bank of India, ICICI Bank, HDFC Bank, Axis Bank, etc., have slashed their lending...

Artificial Intelligence and Machine Learning are becoming the forefront of financial services across domains. One of the reasons behind this is an increase in lending efficiency and another being reduced manual error. However, implementing this technology can be challenging for...

Plastic money or credit cards is not something new. It has been a popular way of purchasing goods and services for decades now for end consumers. However, credit cards have faced stiff competition from alternatives over the past few years....