Covid-19 has ushered in a paradigm shift in India's digital payments landscape, unleashing a slew of new sub-industries, including Buy Now Pay Later (BNPL). In India, consumer and retail business adoptions are at an all-time high, indicating that eCommerce is...

Risk assessment makes or breaks a business model, especially in the banking sector. Establishing a solid process of risk assessment maximises business and minimises risks. This brings us to evaluate the current risk assessment practices and reassess how reliable or...

The pandemic has changed the way businesses operate, in India as well as the world. Due to the pandemic, large-scale trends have taken off across industrial sectors, such as digital transformation, remote working, and so on. The way people financially...

The terms underserved or unbanked refer to sections of a population with no access to banking services or financial institutions. These groups of people usually belong to vulnerable and low-income segments of society and are excluded from the robust financial...

The Indian government has been pushing the idea of a cashless economy for a decade. A cashless economy, its proponents insist, would herald India’s arrival on the global stage as a technologically savvy and advanced economy. While India has made...

In the Union Budget for 2022-23, Finance Minister Ms Nirmala Sitharaman talked about the virtual currency space. She also mentioned the creation of a Central Bank Digital Currency (CBDC), or the digital rupee, in the financial year 2022-23, in addition...

Precisa’s BSA is designed to catch any type of irregularities in bank statements. Precisa detects and flags the following activities as potentially fraudulent or indicative of poor creditworthiness: ATM withdrawals above ₹20,000 – This section includes the following details about...

BaaS, or Banking as a Service, is part of the FinTech revolution that is gripping the world, as well as India. BaaS refers to banking services that operate entirely online. BaaS platforms offer complete end-to-end solutions digitally. Traditional banks, which...

Banking as a Service (BaaS) has replaced open banking in India, and it is transforming the banking business. This may appear to be a bold statement. However, industry developments such as the rapid expansion of neobanks and the proliferation of...

Over the ages, traditional banks have struggled to play a bigger role in the expansion of SaaS companies. On the surface, a SaaS company lacks many of the traditional creditworthiness indicators, such as inventory and receivables. With intangible assets and...