As India’s lending ecosystem becomes increasingly digital and data-driven, monitoring borrower behaviour has never been more critical. With the Reserve Bank of India reporting a moderation in retail credit growth to 16.6% in June 2024—down from 21.3% the previous year—banks and NBFCs are placing greater emphasis on early risk detection and delinquency tracking to protect […]
As India’s lending ecosystem becomes increasingly digital and data-driven, monitoring borrower behaviour has never been more critical. With the Reserve Bank of India reporting a moderation in retail credit growth to 16.6% in June 2024—down from 21.3% the previous year—banks and NBFCs are placing greater emphasis on early risk detection and delinquency tracking to protect […]
There is a growing trend of some players in the startup world using misrepresented financials to attract an injection of capital into their ventures. For instance, a recently acquired promising startup was in the news when the acquirer discovered that the business’s financials did not tally up. The acquirer business, despite all efforts, landed in […]
A financially healthy company’s operations and growth often depend on effective cash management, which starts with developing a precise cash-flow forecast. Instead of a profit-and-loss statement, a cash-flow analysis balances several financial factors over a predetermined time frame. However, even a meticulous cash-flow forecast doesn’t guarantee future liquidity. To accurately predict the company’s financial inflows […]
Bank statement analysis is important in obtaining and analysing financial data for finance and corporate management. According to Shopify, financial statements serve as an accounting form of assessing a business’s health. Although having a single bank statement for a business can provide valuable insights, but it becomes increasingly challenging once the business has multiple accounts. […]
In India, personal loans are often the linchpin that supports numerous aspirations, be it a dream wedding or a much-needed home renovation. Being unsecured in nature, these loans demand a coherent verification process. However, the traditional method of manual analysis is laborious, error-prone, and time-consuming. While documentation requirements vary across institutions, one universal constant is […]
From food stall owners to rickshaw drivers, restaurants to airports, quick response codes or QR codes have become a staple in the Indian digital payments ecosystem. The entry of fintech startups, the COVID-19 pandemic, and the efforts to improve customer convenience have propelled the demand for QR codes, especially in the emerging Southeastern economies. Currently, […]
The banking habits of the public have undergone a drastic change in recent years, thanks to rapid technological advancements and increased access to banking services. From cash to ‘plastic money,’ monetary transactions have evolved to digital receipts and payments in which money changes hands within seconds. In 2022, India topped the list of countries for […]
In the digital era, precise financial record-keeping is crucial for customers and corporations. Learning how to scan bank statements can provide valuable insights into transactions, facilitating informed financial decisions. However, manual processes are often error-prone and time-consuming. Automating bulk scanning for bank statements is recommended to improve efficiency and accuracy. According to IDC, banking is […]
Bank financial statement analysis is critical for assessing the financial health of banks. However, manual analysis of complex financial statements requires significant time and effort to extract, organise, and interpret data accurately. On top of that, intricate financial instruments and diverse accounting standards further complicate the process. To enhance efficiency, banks are adopting technology-driven solutions. […]
