Bank transactions can reveal a customer's preferences, spending patterns, and risk factors if you can create structured features from their unstructured text. Precisa automatically detects the context or purpose of transactions in the bank statement based on its description. For...

A personal loan is often a go-to resolution for individuals to meet any shortfall in financial expenses, including buying a house, vehicle, children's education, or even in case of medical contingencies, among other things. According to reports, the amount of...

The increasing number of Non-Performing Assets (NPAs) and fraudulent activities in banks and NBFCs today call for severe scrutiny of credit sanctions. This requires a strict evaluation of the applicant’s financial health to understand their position to service the debt....

Although India's credit card market remains underpenetrated compared to some developed economies such as the US and China or developing economies such as Brazil, there is a higher penetration opportunity in India. According to a 2020 report published on ResearchAndMarkets,...

In the previous decade, India's economy has seen a significant transition. Fintech, or the convergence of technology and finance, has always been at the heart of that transformation. As new-age entrepreneurs embraced technology to empower individuals and businesses to access...

The throbbing heart of banks and NBFCs is the process of lending money. It drives their revenues and keeps the ship sailing. The value of loans in India increased 5.70 per cent on a year to year basis by June...

The financial services sector has witnessed a steep rise in digitisation with a lot of fintech companies paving the way forward. People today prefer going online for availing all the banking services, right from opening a new bank account to...

There may be several instances when a business owner is on the lookout for funds for their enterprise. Maybe they want to scale the business or fund an expensive machinery purchase or take their products into a newer market. Whatever...

Finance plays a pivotal role in helping individuals and businesses survive in the competitive world. Hence, for the growth and development of all, access to a formal credit system is vital. The formal credit market consists of commercial banks, cooperative...

The coronavirus pandemic clearly echoed the global need to adopt digitally inclined ways of working, with brick and mortar offices shutting down and a remote working model being the new norm. In line with this, digital banking is also set...