Discover a wealth of insightful materials meticulously crafted to provide you with a comprehensive understanding of the latest trends.
With the advancement of online banking and globalisation, lenders are exposed to money laundering and financial fraud more than ever. The latest UN findings reveal that criminals launder between $2.22 and $5.54 trillion annually, equivalent to 2% to 5% of the world’s GDP. For Indian banks and financial institutions, the pressure is strongly felt. Both […]
India’s digital lending market has grown from strength to strength. In the financial year 2023-24, the sector experienced a remarkable 49% increase in disbursements, totalling ₹1.46 trillion across over 10 crore loans issued. A significant growth in the number of outstanding credit card dues and gold loans are two major factors driving the demand for […]
Evaluating an applicant’s creditworthiness is essential in the loan approval process. Analysing bank statements for loan approval offers lenders a comprehensive view of the applicant’s credit health. Lenders have traditionally relied on paper statements for credit health assessment. However, as lending institutions continue to digitise and automate their operations, many now offer the option of […]
The demand for credit among diverse audiences in India continues to rise. This has created opportunities for lenders to scale quickly and deliver more value to their customers. For instance, a recent survey indicated that in the Financial Year 2024, Gen Z borrowing amounted to between INR 3.5 and 4 lakh crore. Additionally, millennials had […]
Over the last five years, the fintech industry in India has grown by leaps and bounds. As of September 2024, the combined valuation of all Indian fintech startups was estimated to be $125 billion. However, despite their success story, startups often grapple with a slew of challenges. For instance, the regulations governing fintech startups are […]
India’s digital transactions skyrocketed from 2,071 crore in FY 2017-18 to 18,737 crore in FY 2023-24, with a stunning CAGR of 44%. While digitisation brings convenience, it also fuels sophisticated fraud threats. However, the solution may lie within the problem – analysing digital transactions to combat this menace. The growth of digital payment systems creates […]
The rise of non-banking financial companies (NBFCs) in India can be attributed to their impressive credit appraisal systems and inefficient conventional banking sector. With an impressive CAGR of around 18.7% between 2005-2006 and 2019-2020, NBFCs are among the fastest-growing sub-sectors of the Indian financial system. The growing adoption of NBFC platforms indicates a paradigm shift […]
No͏n-͏Bank͏͏͏͏ing Fin͏͏a͏nc͏ial͏ Co͏m͏pa͏͏nie͏s͏ (NB͏F͏͏Cs) face a tough challenge in managing risk in a dynamic financial landscape. Efficient risk identification and mitigation are crucial, but how can this be achieved effectively? The ͏answ͏er l͏ies i͏n s͏͏elec͏t͏ing NBF͏͏͏C s͏͏oft͏wa͏r͏e ͏wit͏h͏ useful ͏fe͏͏͏a͏tures͏ ͏ta͏il͏ored͏͏ ͏to ͏͏mana͏g͏e a͏͏nd minimise ͏ri͏sk.͏ ͏͏ However, h͏ow͏ ͏͏do you know ͏tha͏t ͏͏th͏e͏ soft͏ware […]
Credit score service companies are becoming a vital component of risk management as we see a decrease in the Gross Non-Performing Assets (GNPA) ratio for scheduled commercial banks to 2.8%, marking a 12-year low. Traditional methods often fail to assess borrowers accurately. These companies are developing innovative solutions to improve creditworthiness evaluations. Through advanced analytics, artificial intelligence, and […]
Traditional financial statement analysis methods are increasingly becoming obsolete. They primarily rely on basic tools such as the Profit and Loss Account and Balance Sheet, failing to deliver comprehensive insights into a company’s financial health. Furthermore, the heavy dependence on historical data can lead to outdated conclusions and predictions that do not reflect current market […]
