Productivity levels are an important measure of success for ambitious lenders looking to build a long-lasting, profitable business. A recent survey indicated that seven out of every 10 employers prioritise the quality of work, while performance indicators such as targets and project completion on time are considered to be primary indicators of productivity. As more lenders […]
The balance sheet is a crucial financial statement that reflects a company’s financial health at any given time. Balance sheet analysis examines a business’s balance sheet to evaluate its financial health and performance. It also involves analysing the composition and valuation of assets, the nature and maturity of liabilities, and the relationship between debt and […]
India is presently undergoing tech-led transformation, driving digitisation across key sectors such as manufacturing, healthcare, transport, agriculture, and finance. Among these, the financial technology (fintech companies) sector has emerged as a particularly dynamic force. With strong government backing and a surge in fintech innovation, India today hosts the third-largest fintech ecosystem globally. Valued at $31 […]
India, home to 9,000 fintechs, has the third-highest number of fintechs globally and holds a 14% share of Indian startup funding. Many fintech startups in India have forayed into digital lending. These fintech companies extend credit through the Non-Banking Finance Companies (NBFCs) they own or their partnerships with other NBFCs. As per industry estimates, the […]
Non-Banking Financial Companies (NBFCs) are crucial for offering various financial services in the contemporary financial and lending landscape. They act as alternatives to regular banks, using advanced tech to streamline operations, manage data efficiently, and meet regulations. The introduction of cloud-based NBFC software is revolutionising the game, presenting numerous advantages for financial service companies. The […]
Borrowing is evolving as fintechs in India usher in a new era, shifting away from traditional banking methods. The digital lending market, valued at $43.16 billion in 2018, is projected to skyrocket to $567.3 billion by 2026, boasting a remarkable CAGR of 26.6%. Interestingly, lending fintechs companies are at the forefront of this change, reshaping […]
Fintech combines finance and technology; it is transforming the financial landscape and reshaping the future of finance, leading to a collaboration between fintech and banks. Generally, it refers to businesses that leverage technology to improve and automate their financial services and processes. Fintech encompasses a rapidly growing trend, making financial services inclusive and efficient and […]
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, increasing consumer experiences, and opening up fresh doors for innovation. However, this procedure is not […]
The last five years have witnessed a significant rise in the market share of fintech companies. For instance, the global fintech lending market size alone was estimated to be valued at $449.89 billion. By 2030, it is projected to rise to $ 4957 billion, growing at a CAGR of 27.4%. Small businesses, in particular, are […]
Technology is developing at an unparalleled rate in the banking and financial sector, completely transforming conventional procedures and products. Fintech is rapidly innovating banking as we know it, from automating routine banking processes using Robotic Process Automation (RPA) to empowering customers by giving them control over their financial data through open banking systems. These changes […]
