In fiscal year 2021, the non-performing assets of India’s public sector and private sector banks collectively amounted to INR 6.17 trillion and INR 2 trillion, respectively. The inability to predict risk when offering loans to business or retail customers results...

Bank statements are important documents that present a holistic view of the account holders’ financial health. Bank statement analysis scrutinises the deposits and withdrawals, regular payments and credits, spending patterns, and preferred transaction modes (cash, debit cards, credit cards, UPI,...

Since 2020, the insurance sector has experienced an accelerated rate of digital transformation. Triggered by the growing demand for digital insurance services, companies aimed to implement basic processes such as digital customer service, payments, and renewals. However, companies are still...

Application Programming Interfaces (APIs) integration has become crucial for frictionless communication and data sharing between various systems in today's quickly expanding digital ecosystem. Implementing API connectivity for bank transactions within the banking industry is a game-changing move towards boosting productivity,...

As the lending market grew from $7887.89 billion in 2022 to $8682.26 billion in 2023, speed and accuracy have become critical factors determining the success of lending operations like loan processing. Financial institutions must continually evaluate and analyse various financial...

The arrival of technology and rapid digitisation has certainly revolutionised the global financial sector. Apart from a few exceptions, the speed of innovation has taken a majority of financial institutions by surprise, leaving a significant gap in their ability to...

GSTR Analysis for Fintech Startups: Why it's Crucial for GST Review and Compliance The supply of goods and services in India is subject to the products and Services Tax (GST). In India, the GST law was enacted in July 2017...

The market size of the digital lending industry in India was worth just $ 9 billion in 2012. By the end of 2023, it is projected to reach a value of $ 350 billion. Fintech companies have played a major...

As of 2023, the India Digital Lending Platform Market is expected to grow at a CAGR of 27.90% to USD 923 million and reach USD 3159.19 million by 2028. This growth, however, is accompanied by several challenges, such as the...

Non-banking Financial Companies (NBFCs) are integral to the financial system. Their contribution to financial inclusion initiatives, dissemination of timely credit to the Micro, Small and Medium Enterprises (MSMEs) and infrastructure development projects are all significant chapters in the story of...