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 loan origination process, which is time-consuming and complex, and requires several procedures to determine a […]
One of the biggest challenges consumers and providers of financial services face is the lack of a seamless, secure mechanism to access and transfer financial data. For instance, when borrowers apply for business loans on lending apps, they need to share a host of information to establish their creditworthiness. The borrower will need to […]
Access to relevant data is a growing need for businesses that must make several daily decisions that impact their business outcomes. This survey from 2020 indicates that countries like the USA, Germany, and India are shifting towards data-driven decision-making. Financial data, in particular, plays a significant role in helping businesses determine the most suitable way […]
A Statista report states that Indian banks sanctioned loans worth 30 trillion rupees in the retail sector in 2021. It is also worth noting that a majority of the chunk from that pool, i.e., around 15 trillion rupees was for the home loans segment. As this trend will continue in the foreseeable future, banks and […]
The value of the global financial analytics market was at just $ 7.6 billion in 2020, and it is expected to grow at a compound annual growth rate of 10.3% and reach a volume of $19.8 billion by 2030. This indicates that financial data analysis is emerging as a pivotal function in many businesses today. […]
Trend analysis is a technique for creating precise predictions based on historical data and analysis. It enables comparing data over a specific time frame and detecting uptrends, downtrends, and stagnation. In financial statement analysis, trend analysis involves evaluating an organisation’s financial information over time. Depending on the situation, periods might be counted in months, quarters, […]
Financial statements contain important data regarding a business’s performance. They are report cards of a firm’s financial health and blueprints for future operations. Financial statement analysis is a strong tool that helps the C-suite in strategic decision-making. It is an activity requiring accounting expertise and knowledge of some bookkeeping programs. However, advanced financial statement analysis […]
In the financial year 2020-2021, the value of non-performing assets (NPAs) reported by public sector banks in India stood at INR 6 Trillion, while private sector banks reported NPAs to the tune of INR 2 Trillion. The growth of NPAs, also called “bad assets”, is a growing concern for lending institutions. According to the Reserve […]
Financial data is an essential part of a company’s operations, which is used to obtain an accurate picture of an organisation’s financial health through properly maintained and well-presented financial data. Financial data analysis tools (financial data analytics) thoroughly examine a company’s financial data and prepare easy-to-follow reports. It enables businesses to make sense of their […]
Artificial intelligence is redefining how industries operate at the surface level. The wave of digitisation has pushed businesses to provide their tech-savvy customers with cutting-edge services. The banking sector is adapting to the changing dynamics. The global AI in the banking industry was recorded at $3.88 billion in 2020 and is expected to reach $64.03 […]
