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More data doesn’t mean better credit: Account aggregators prove whyIn this new era, competitive advantage will belong to those with the most disciplined analytical frameworks.- Charting the path for ethical AI in Indian financeThe RBI has established the FREE-AI committee to develop a framework for responsible AI in financial services, addressing challenges like b...
- Simplifying compliance, boost to MSMEs key to Budget announcements, say expertsAn increase in investment and turnover limits for MSMEs strengthens the sector, enabling smaller enterprises to contribute significantly to...
- Budget a pivotal opportunity to strengthen India’s business and enterprise, say expertsWith Nirmala Sitharaman all set to present her Budget, millions of small businesses in the country would be pinning their hopes on the FM t...
- IIFL Fintech Fund closes Rs 200 crore second fundThe fund, which received money from domestic family offices and HNIs, will focus on investments in fintech startups including those in the ...
- Finarkein Analytics introduces Smart Collect to address high failure rates in loan collectionsEarly results indicate significant improvements in collection rates and reductions in operational costs for participating lenders.
- How India Stack is enabling digital transformation for businessesIndia Stack is a set of application programming interfaces (APIs) and digital systems that allow governments, businesses, and developers to...
- How ULI, OCEN will redefine credit access to small companies, rural borrowersThe Unified Lending Interface (ULI), which will be rolled out soon nationwide and the Open Credit Enablement Network (OCEN) launched in 202...
- Apple’s hiring drive; Zomato's new ticketing featureApple’s shift from China is driving a massive surge in hiring in India. Details on this and more in today’s ETtech Top 5.
- Finarkein Analytics raises $4.75 million in funding from Nexus Venture Partners, othersPune-based Finarkein Analytics secured $4.75 million in a pre-series A funding round led by Nexus Venture Partners. Existing investors IIFL...
- IIFL Fintech Fund buys 51% in supply chain platform Xtracap for Rs 25 crXtracap offers e-invoice financing that allows businesses to unlock value of their invoices in real-time, providing instant liquidity. Its ...
- OCEN 4.0 unveiled to facilitate short-tenor loans to MSMEsOCEN is a framework of application programming interfaces (APIs) for interaction between lenders, loan agents, collection and disbursement ...
- Ease of doing business: Union Budget 2023-24 makes PAN the common identifier for businessesCurrently, enterprises are required to obtain multiple identities (PF, ESIC, PAN, CIN, TAN, etc.) issued by various central and state gover...
- IIFL fintech fund picks up 16% stake in Samadhan for $2 millionThis is IIFL fintech fund's 10th investment and first in the insuretech space, the company said, adding it has already invested 50 per cent...
- IIFL Fintech Fund invests $5 million in legaltech firm LeegalityLeegality enables businesses to digitally transform their document logistics and is used by over 1,500 businesses, including group entities...
- Finarkein Analytics raises seed round funding led by IIFL, Info Edge, othersFinarkein’s platform lowers the entry barrier to iterating and experimenting on ODEs such as the Account Aggregator, Unified Health Interfa...
- Spinning on a Ferris wheel: Why Budget needs to give a push to public digital goods like Account AggregatorsWhen considering multi-party systems with different core incentives and objectives, the Ferris Wheel analogy is something that really helps...
- The Account Aggregator framework can be SME’s UPI. Or is it too early to give credit?The RBI’s decision to have an Account Aggregator framework to narrow the credit gap in the MSME sector is praiseworthy. But banks have to p...
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