Getting a bank loan approved is a time-consuming process that necessitates a thorough paperwork review. The verification process differs by the bank. Before sanctioning any loan, the bank considers four key factors: safety, liquidity, spread,...

Every loan process or audit of financial transactions—no matter if it is an individual loan or a commercial loan—starts with a bank statement. For instance, a bank statement could disclose information crucial in approving or...

Financial assistance for promising businesses is critical to India's objective of creating an entrepreneur-friendly economy. A vendor's most significant hurdle to establishing business is financing. Did you know that 77% of working Indians are dependent...

Data and AI Lead at Microsoft, Canada, Ozge Yeloglu, famously said: “Big data may be cheap to collect, but it’s expensive if you don’t know what you want to get out of it.”  The financial...

Today, our lives are dominated by technology, and the pandemic has pushed businesses further towards digitisation. Consequently, the finance industry has experienced a great deal of digital innovation. A notable example is the trend of...

In India, open banking has progressed significantly in recent years, and 2021 can be regarded as the year of open banking. Government actions, the launch of scalable Open Banking initiatives by banks, respectable traction by...

So let’s get straight to it: digital lending is the future. However, as per Experian’s take on digital loan conversions, 97% of applicants abandon the digital lending process, leaving a teeny-tiny 3% conversion rate. While...

Covid-19 has ushered in a paradigm shift in India's digital payments landscape, unleashing a slew of new sub-industries, including Buy Now Pay Later (BNPL). In India, consumer and retail business adoptions are at an all-time...

Risk assessment makes or breaks a business model, especially in the banking sector. Establishing a solid process of risk assessment maximises business and minimises risks. This brings us to evaluate the current risk assessment practices...

The pandemic has changed the way businesses operate, in India as well as the world. Due to the pandemic, large-scale trends have taken off across industrial sectors, such as digital transformation, remote working, and so...