The concept of credit cards emerged in the 1950s and thus began the phenomenon of competitive financial services and innovative banking. Thereafter, with the initiation of internet banking in the 1990s and digitized payment technology recently, the financial ecosystem has undergone an absolute change. Until recently, traditional banks ruled the financial ecosystem but with the… Continue reading How can the banking industry respond to the threat of disruption?
Month: September 2022
How Technology Is Transforming Lending and Shaping A New Era of Small Business Opportunity
India is a land of extensive opportunities and a home to 6.3 crore MSMEs; a significant chunk of the population and needless to say, an essential part of the economy. These MSMEs indulge in several kinds of businesses and yet they all face a similar challenge- access to capital. Formerly, banks were a traditional source… Continue reading How Technology Is Transforming Lending and Shaping A New Era of Small Business Opportunity
Who are the Fintech Borrowers?
India as a market is fairly complex and dynamic in terms of geography, consumer behavior and preferences. The consumer market is vast and diverse for any given product or service. Needless to say, the unifying force in all these segments is the acceptability and usage of mobile connectivity, application and platform. Fintech has anchored a… Continue reading Who are the Fintech Borrowers?