Discover a wealth of insightful materials meticulously crafted to provide you with a comprehensive understanding of the latest trends.
Banking, one of the world’s oldest industries, has been around for nearly 4000 years. From the earliest recorded temple loans in ancient Babylon, which date back to 2000 BCE, to the most recent technology-enabled services, such as open banking and Banking as a Service (BaaS), it has consistently played a systemic role in the development […]
Buy Now Pay Later (BNPL) services are steadily gaining popularity in the Indian market. The value of these services is expected to reach INR 1.1 trillion ($15 billion) in 2026, growing at a compound annual growth rate (CAGR) of 32.5% between 2022 to 2026. The COVID-19 pandemic, aided by factors like impulsive buying and disposable […]
In a digitally-accelerated financial services sector, traditional lending services relying on manual workflow often face several roadblocks. One of the biggest challenges is assessing a borrower’s creditworthiness in terms of accuracy and speed. A thorough process to determine creditworthiness takes time and requires access to relevant data. Loan origination processes are equally time-consuming, and these […]
Indian fintechs have made rapid gains in the payments space over the past few years because of UPI, which has led to a significant increase in fintech investment in India. Approximately $135 billion were transacted monthly through UPI (as of June 22), 9 times more than credit cards, which have been around for over 40 […]
In 1994, Bill Gates famously said, “Banking is necessary, banks are not”. The emergence of technology-driven open banking and available financial data could mark the beginning of this change. Technology has been pivotal in shaping the financial services sector for many decades. Today, with the greater adoption of fintechs, the importance of technology in the […]
A Statista report states that Indian banks sanctioned loans worth 30 trillion rupees in the retail sector in 2021. It is also worth noting that a majority of the chunk from that pool, i.e., around 15 trillion rupees was for the home loans segment. As this trend will continue in the foreseeable future, banks and […]
It would be an understatement to say that the adoption of advanced technologies has triggered evolutionary changes in the banking and finance industry. In the Indian scenario especially, lending tech has democratised credit delivery by providing loans and advances to demographics and industries that were otherwise overlooked by conventional banking. To a large extent, this […]
BNPL stands for Buy Now Pay Later. It is a payment service that allows customers to postpone their final bill for some time, even after buying something. As the name implies, consumers may want to make a purchase before payday, and BNPL enables them to buy things without making full payment immediately. According to GlobalData, […]
Over the last five years, fintech apps have disrupted the financial services sector as we know it. In 2020, the global fintech technologies market was valued at $110.57 billion, and it is expected to grow at a compound annual growth rate of 20.3% to reach a market share of $ 698.48 billion by 2030. While […]
The value of the global financial analytics market was at just $ 7.6 billion in 2020, and it is expected to grow at a compound annual growth rate of 10.3% and reach a volume of $19.8 billion by 2030. This indicates that financial data analysis is emerging as a pivotal function in many businesses today. […]
