Discover a wealth of insightful materials meticulously crafted to provide you with a comprehensive understanding of the latest trends.
Implementing Goods and Service Tax (GST) in 2017 was a significant step in India’s indirect tax reforms. The goal was to establish a unified taxation system across the nation. GST amalgamated many indirect taxes to avoid double taxation. The new policy aimed to ease business by installing centralised online procedures for filing GST returns (GSTR) […]
In the financial year 2020-2021, the value of non-performing assets (NPAs) reported by public sector banks in India stood at INR 6 Trillion, while private sector banks reported NPAs to the tune of INR 2 Trillion. The growth of NPAs, also called “bad assets”, is a growing concern for lending institutions. According to the Reserve […]
The account aggregator framework allows financial institutions to share data. These institutions – banks, mutual fund companies, insurance companies, and pension funds – store customer financial data required by lenders, wealth managers, insurers, and personal finance managers. Using an account aggregator is a great option if you’re looking for a way to speed up your […]
Technological advancements in banking and finance have transformed how we conduct our businesses. From core banking facilities and ATMs, fintech has made a progressive journey, producing innovations like net banking, credit cards, pre-paid instruments, mobile wallets, digital payment gateways, etc., in the banking industry. Digital lending or lending tech products are the latest and, currently, […]
In India, the digital financing industry will be worth $1.3 trillion by 2030. According to a recent study, the size of the digital lending market is expected to increase from $270 Billion in 2022 at a compound annual growth rate (CAGR) of 22% between 2022 and 2030. A data analysis predicts that by 2030, digital […]
The Fintech Revolution is sweeping the globe, and India is no exception. The fintech adoption rate in India is higher than the global average of 64%. By 2030, the fintech business will hit $200 billion in revenue. But how did India become a key player in the world of fintech? It’s no surprise that there […]
Precisa is a cloud-based analytics solution with intelligent automation tools for the decision-makers of the lending, insurance, wealth management, and personal finance sectors. With Precisa’s new GSTR Analyser tool, users can analyse GST-returns data in real time, delivering a reliable view of a company’s current performance and future growth opportunities. Users only need to input […]
Precisa is a cloud-based, intuitive analytics system with intelligent automation developed for lending, insurance, wealth management, and personal finance decision-makers. Bank transactions are good predictors of a company’s or individual’s revenue, costs, and, most crucially, spending habits. When paired with GST returns data, bank transaction data provides a reliable picture of a company’s current performance […]
Lending is the backbone of any economy and has been the primary source of capital for businesses and individuals who have wanted to borrow money for ages. In recent years, however, traditional lenders have faced stiff competition from new digital lenders who offer their services through online platforms. Fintechs have revolutionised lending by digitising the […]
Earlier this year, the International Monetary Fund (IMF) projected India to become a five-trillion-dollar economy by 2026-2027. A key factor that will trigger such business growth is India’s accelerated adoption of digital across all sectors and functions – from agriculture and retail to edtech, logistics, and recruitment. Another sector that is undergoing massive digital transformation […]
