Traditional banks have long been the go-to source of funding for MSMEs. However, for many securing a loan from a bank can be a frustrating and time-consuming process, often hindered by stringent collateral requirements and lengthy approval times. This limited access to capital can stifle growth and innovation, hindering the immense potential of the MSME… Continue reading Innovative financing models for MSMEs beyond Traditional banking
Tag: finance
Role of AI in Supply Chain Finance Management
India’s supply chain, an essential component of its quickly developing economy, is presently going through a significant digital revolution. Artificial Intelligence, which is drastically changing the field of supply chain finance, is leading this transformation. India is leading the way in creating a more inventive and robust financial ecosystem within its supply chains by utilizing… Continue reading Role of AI in Supply Chain Finance Management
The Impact of Open Banking on consumer finance
Open banking is reshaping the financial landscape by revolutionizing how consumers interact with their banks and financial services. Greater openness, competition, and innovation are being promoted by this revolutionary approach to banking, which resulted from changes in regulations and technical breakthroughs. Open banking is fostering the development of a more vibrant and diverse financial ecosystem… Continue reading The Impact of Open Banking on consumer finance
Best Practices for Financial Institutions Seeking Entry into SCF Space
Globally, supply chain finance (SCF) remains an untapped market. According to McKinsey, more than 80% of eligible assets do not benefit from working capital finance. Even the remaining assets are undercapitalized. Digital usage has facilitated changes in MSME financing, increasing the accessibility and availability of SCF. SCF benefits corporate purchasers by securing inventory with extended… Continue reading Best Practices for Financial Institutions Seeking Entry into SCF Space
Alternative Finance Instruments: How Do They Help SMEs Grow?
Alternate financing describes a category of financing products that includes venture capital, invoice finance, cash flow loans, and debts. In India, such solutions are now primarily favoured by SMEs and startups. This pattern is a component of the broader drive towards financial inclusion, which aims to increase access to formal banking institutions for more individuals.… Continue reading Alternative Finance Instruments: How Do They Help SMEs Grow?
How Are Payment Innovations Redefining the Indian Finance Market?
Payment innovations are transforming the Indian financial system by making transactions faster, easier, and more secure. It’s thrilling to see India’s transformation from a cash-based economy to one known for its sophisticated digital payment infrastructure. The payment industry is undergoing a digital transformation, fueled by forward-thinking regulatory compliances, technical breakthroughs, and increased mobile internet usage.… Continue reading How Are Payment Innovations Redefining the Indian Finance Market?
The Significance of Regional Rural Banks in India
The Regional Rural Banks (RRBs) were established in India in 1975 with the objective of developing its rural economy through inclusive banking services. RRBs are jointly owned by the Government of India (GoI), the respective state government and a sponsor bank with the intention to elevate and empower the population under their governance. When the… Continue reading The Significance of Regional Rural Banks in India
Introducing Supply Chain Finance
Supply Chain Finance (SCF) is a technology solution that lowers financing costs for buyers and sellers. It tracks invoice approval and settlement and automates transactions to improve the efficiency of all the parties involved in a sales transaction. The supply chain financing market is expected to reach a CAGR of 17.1% by 2024. According to Mckinsey reports,… Continue reading Introducing Supply Chain Finance
7 Types of Risk Management You Must Know About
The COVID-19 pandemic has caused major disruptions in banking operations. Consumers have become more demanding and so, risk management must be robust. According to leading banking professionals participating in the Deloitte Banking Risk & Regulatory Academy, financial institutions must focus more on credit risk management. The banking structure must restructure and be prepared for forbearance.… Continue reading 7 Types of Risk Management You Must Know About