The speed of digitisation in financial services had been picking up for a while, but the pandemic has accelerated it big time. Fintech-as-a-Service (FaaS) platform, growth in digital-only banks, increased usage of biometric security systems, and the rise of autonomous...

It wasn't long ago when Google Pay, Paytm, or UPI came into our lives and revolutionised the financial services sector and our purchasing habits. It feels incredible to effortlessly purchase goods, pay for expenses, book tickets, all in one go...

RBI's Report on Trend and Progress of Banking in India 2020-21 already reported 4,071 banking frauds involving Rs 36,342 cr within the first half of FY 2021-22. One thing is clear: fraudsters and their methods are only becoming more sophisticated...

Managing risk and regulatory compliance in today's connected and digital world is becoming increasingly complex and expensive. As a result, artificial intelligence (AI) and machine learning (ML) have gained popularity in the last decade to increase efficiency productivity and reduce...

Consumer credit has seen record growth since the pandemic. Across all income brackets in the country, there has been a sustained upsurge in demand. Moreover, with the rise of the fintech ecosystem in recent years, digital credit has taken off,...

The pandemic has altered the cost of living for the average Indian. The Center for Monitoring Indian Economy revealed that 55% of households in India experienced a decrease in their incomes while only 3% of the households had an increase...

The economic multiplier has been set in action by Budget 2022, which focuses on quick, holistic, and inclusive economic growth. In addition, the Finance Minister has given the rural sector a strong push and raised budgetary allocations for the MSME...

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...