Rapidly growing transaction volume and the ever-increasing threat of data breaches make it imperative for banks to look for innovative solutions to ensure quality service, ease and safety to their customers. In this backdrop, cloud computing is reshaping how banks...

As lenders scale their operations, it becomes more important for them to gauge a borrower's creditworthiness with accuracy. Otherwise, it can lead to the growth of non-performing assets (NPAs) and more delinquencies.  As of March 2024, the percentage of gross...

Robo-advisors are automated platforms that recommend personalised investment options and portfolios based on a theme or strategy specific to the user. These advisors leverage customer data and use algorithms to offer advice and are transforming the landscape of fintech companies...

The Reserve Bank of India's (RBI) Unified Lending Interface (ULI) is a groundbreaking technological innovation poised to transform the Indian lending sector. The digital platform aims to facilitate the loan application process by providing lenders with quick access to comprehensive...

A customer's habits play an important role in determining their financial trajectory. For instance, the inability to pay EMIs on time can have an impact on one’s credit score, net worth, assets, and debt. Access to such vital data related...

The Economic Times reports that it could take upward of seven years to solve all the pending debt recovery cases in India. The report also states that more than 200,000 pending cases are waiting at the Debt Recovery Tribunals (DRTs)...

Financial statement analysis generally assesses a firm’s financial health and performance. The income statement, cash flows, balance sheet, etc., present historical data in a structured form, aiding in informed decision-making. Financial statements are useful in understanding what has happened but...

A borrower’s financial data provides significant insight into their financial status and creditworthiness. This data helps banks make lending decisions during the underwriting process. However, it is equally important for banks to observe non-financial indicators that help predict a borrower’s...

A thorough analysis of a borrower’s financial data is one of the most important aspects of the underwriting process. Inaccurate analysis can open up lenders to risks. These include delayed payment of EMIs (Equated Monthly Installments), and non-repayment of loans....

Proactive regulatory initiatives, evolving consumer behaviours, and the thriving funding environment have propelled the growth of the Indian fintech ecosystem. Digital lending is expected to account for around 5% of retail loans in India by the first half of 2028. ...