Technology’s increasing pervasiveness and the growing call for financial inclusion are driving a rapid transformation of the Indian lending sector. The crucial roles of credit scoring and risk assessment are at the center of this evolution. After relying primarily on credit bureau data for a long time, the industry is now adopting a new paradigm… Continue reading Credit Scoring and Risk Assessment in Digital Lending
Tag: lending
India’s Changing Fintech Ecosystem
In recent years, India’s fintech ecosystem has undergone a spectacular transition, revolutionizing how financial services are accessed and delivered. The convergence of technology, shifting customer tastes, and supportive legislative actions have resulted in a dynamic and diverse fintech ecosystem. From payments and loans to wealth management and insurance, the industry’s rapid expansion has not only… Continue reading India’s Changing Fintech Ecosystem
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?
Can Co-Lending Models Be The Future Lending in India?
Co-Lending Models (CLM) is a revolutionary method of lending that has the potential to change the financial sector’s landscape in India. CLM entails cooperation between established financial institutions, including banks, and online lending platforms, utilizing each other’s advantages to offer more open and inclusive credit options. According to research by EY, the fintech industry in… Continue reading Can Co-Lending Models Be The Future Lending in India?
The Impact of Fintech on Small Business Financing: Opportunities and Challenges
Fintech has disrupted the traditional lending landscape, making it easier for small businesses to access funding and increasing competition among lenders. According to Business World, statistics show that SMEs have contributed to the employment of over 9.4 million people and account for 30% of the nation’s GDP. Small businesses have grown significantly, but it has… Continue reading The Impact of Fintech on Small Business Financing: Opportunities and Challenges
The Potential of Co-Lending for the Underserved Segments
Millions of people in India and around the world do not have access to traditional lending services, although credit access is essential for financial inclusion and economic progress. According to a recent TransUnion analysis, there are over 160 million credit-invisible individuals in India who are unable to obtain loans from banks and other formal financial… Continue reading The Potential of Co-Lending for the Underserved Segments
Growth Of Retail Lending and Its Impact on Underserved Segments
Retail lending has grown significantly over time as a result of technological improvements, changing consumer behaviour, and increasing regulatory frameworks. While this expansion has given customers many choices, it has also significantly impacted small enterprises. In a collaborative analysis from CRISIL and ICICI Bank, it is predicted that retail lending will increase by $96 trillion… Continue reading Growth Of Retail Lending and Its Impact on Underserved Segments
Importance of making the Indian Digital Lending Sector more Transparent
Transparency is a fundamental cornerstone of trust in any lending relationship, and it has special significance in the context of small business lending. The expansion of the economy, the creation of new jobs, and innovation are all significantly influenced by small enterprises. Small firms frequently encounter difficulties obtaining capital due to the complexity of the… Continue reading Importance of making the Indian Digital Lending Sector more Transparent
What Does the Digital Lending Boom Mean for Indian MSMEs?
The Micro, Small, and Medium-Sized Enterprises (MSMEs) in India will be significantly impacted by the surge in digital lending. MSMEs are essential to the Indian economy and make a substantial contribution to job creation and general economic expansion. Over the past few years, MSMEs’ use of Internet payments has increased by 50–100%. According to a… Continue reading What Does the Digital Lending Boom Mean for Indian MSMEs?
Fintechs designing the ‘One Platform’ Concept
With thousands of Fintechs in the market constantly experimenting with newer products and services, the idea of bringing it all to a single platform was quite anticipated. However, Fintechs are now expected to do much more. Fintechs began by designing a virtual universe where customers could choose from a range of products and services; however… Continue reading Fintechs designing the ‘One Platform’ Concept
Micro-lending changing the Rural landscape
The origination of the micro-lending industry in India dates back to the 1980s when India took inspiration from Bangladesh’s successful reforms where they benefitted from distributing loans to the underprivileged women of their region. What began as an experiment, quickly turned into something substantial for India. Today, India’s micro-lending portfolio stands at Rs 2.93 Lakh… Continue reading Micro-lending changing the Rural landscape
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
Lending as a feature in the future
Lending has been a fundamental mean of money circulation in the economy. Over the years, we have seen a remarkable shift in how lending is undertaken. The shift from physical to phygital to digital has been massive and we are still evolving! In the past, lending was an independent process that had rigid prerequisites. Owing… Continue reading Lending as a feature in the future