How Account Aggregator can help digital lenders improve collectionsDigital processes like loan monitoring, customer segmentation, and communication are being developed and improved to enhance the debt recov...
ICICI Bank tops bounce rate charts, HDFC Bank followsICICI Bank outscored peers such as HDFC Bank and Kotak Mahindra Bank on bounce rates, or skipped automatic monthly loan repayments, pointin...
Decoding SME lending in the 21st centuryWith the pandemic providing renewed impetus to MSMEs to digitalize and formalize, proprietors are becoming increasingly comfortable with ha...
Indian banks bounce rates lowest since Covid beganBounce rates rates tracked by NPCIs e-NACH platform came in at 33.0% and 26.8% by volume and value respectively for the month of August. In...
Cheque bounces hint at asset stress at NBFCsData from NACH, a clearing service for interbank transactions run by the NPCI, show that bounce rates for May 2021 was at 30.7 per cent in ...
Digital payments grew by 76% in the last 12 months: Razorpay reportThe report delves into a comparative analysis of how different sectors and payment modes performed in 2021, as compared to 2020, when busin...
Lendingkart launches co-lending SaaS platform for financial institutions, banks, NBFCsLendingkart 2gthr provides enhanced loan management capabilities, credit underwriting model and flexibility to configure co-lender specific...
Digital push helps Sundaram mop up Rs 650 crore in Bluechip Fund NFOThe mopup was significantly higher that the fund house's two previous NFOs in the last one year, when Sundaram Equity Fund had mobilies Rs ...
Greater collaboration possible between traditional and new-age lendersThis is in stark contrast to the formative days of fintech. Many started business after the financial crisis of 2008-09 with the idea of be...
From small to big: The evolution of MSME lending in 2020 and the role of fintechThe Union Minister for MSME, Nitin Gadkari, has outlined a plan to increase the sector’s GDP contribution to 50% from the current 29%, as I...
The future of Aadhar and eKYC-based solutionsAccording to a Omidyar Network-BCG report, estimates of digital lending to MSMEs in India will go upto Rs 6-7 lakh crore by 2023.
Fintech cos count chickens after a tumultuous 2018 runWhile H1 saw big fund raises, latter half hit by a funding squeeze & SC order on Aadhaar verification
India's fintech companies struggle for an alternative to AadhaarThe apex court's ruling which barred private companies from accessing the biometric database hit the banking and broader financial services...
NPCI urges banks, corporates to adopt e-mandateMany financial technology companies were entirely dependent on Aadhaar-based electronic KYC, which was a quick, cheap and secure way to ver...
eNACH suspension may pinch digital lendersDigital lenders are set to see operational costs increase as they will no longer be able to use a completely paperless model for automated ...
IndiaStack got us excited about lending in IndiaTwo of the most critical building blocks entail accurately assessing the risk of a borrower and creating mechanisms to collect repayments i...
IndiaStack got us excited about lending in India: ZestmoneyWe embraced the IndiaStack platform from day one and we were one of the first to embrace UPI and e-NACH for collections and eKYC for accoun...