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FRICTIONLESS CREDIT
India must leverage its digital verification architecture to evolve into a trust-based economyIndia faces a low-trust economy with high friction, exemplified by complex KYC norms. Finance Minister Nirmala Sitharaman highlighted this ...- PNB joins hands with Kiwi to expand credit on UPI for 180 million customersState-owned Punjab National Bank has partnered with Kiwi to launch the RuPay-based PNB Kiwi Credit Card. It offers digital onboarding, UPI ...
- RBIH looks to tap Rapido, Swiggy, Amul data for UPI-like lending platform, says CEO Rajesh BansalThe Reserve Bank Innovation Hub is developing a Unified Lending Interface. It is partnering with companies like Namma Yatri, Rapido, and Am...
- Frictionless credit, next big betAccording to World Bank, a staggering 92% of SMEs lack access to formal lines of credit. It estimates this credit gap at around $300 bn. Th...
- ETtech Explainer: All you need to know about Unified Lending InterfaceThe data needed for credit appraisal currently lies scattered across governments, banks, account aggregators, and credit information compan...
- Unified Lending Interface is in pilot stage, will be launched nationwide in due course, says RBI Governor Shaktikanta DasRBI Governor Shaktikanta Das announced that the Reserve Bank of India is piloting the Unified Lending Interface (ULI) to enable frictionles...
- GSTN to share data with RBI's frictionless credit platformThe Indian government has allowed the GST Network to share data about GST-registered businesses with the Reserve Bank's 'Public Tech Platfo...
- MSMEs should be made more aware of the risks associated with frictionless credit: Vayana Network’s Ram IyerRam Iyer, Founder and CEO of trade finance platform Vayana Network, explains why MSMEs must also recognise the long-term consequences while...
- Banks disburse Rs 1,400 cr of loans under frictionless credit platform: RBI EDBanks in India have disbursed over Rs 1,400 crore ($190 million) in loans through the 'frictionless credit' platform since its launch in Au...
- Bhashini to launch RBI’s platform for frictionless credit in multiple languagesThe Digital India Bhashini Division will do this in collaboration with the Reserve Bank Innovation Hub (RBIH), a subsidiary of the central ...
- Frictionless credit initiative slashes operational costs for lenders by 70 pc: RBI officialThe Reserve Bank of India's frictionless credit initiative has resulted in a 70% reduction in customer acquisition costs for lenders and a ...
- Getting education loan to get easier from next year, only digital admission letter would by enough to get loanReserve Bank of India plans to introduce a "frictionless credit mechanism" to simplify the process of obtaining education loans. The new sy...
- Public tech platform a game changer: RBI Official"This is going to be revolutionary. This will be another UPI (Unified Payments Interface) moment for the credit. That is very clear. In the...
- Global FinTech Festival: RBI Guv Shaktikanta Das highlights India's endeavours, importance of governanceThe Governor of the Reserve Bank of India, Shaktikanta Das, has emphasized the importance of FinTechs establishing an effective self-regula...
- RBI mulls handing over frictionless credit platform to private company: Shaktikanta DasUnder the frictionless platform initiative, banks are extending loans like the Kisan credit cards in under 10 minutes.
- RBI to launch pilot on Public Tech Platform for frictionless credit: Soon, you will get loans in minutes; how it will workThe Public Tech Platform for frictionless credit is an end-to-end digital platform that has been developed by the Reserve Bank Innovation H...
- RBI to pilot public tech platform to aid lendersAccording to the RBI, with rapid progress in digitalisation, India has embraced the concept of digital public infrastructure which encourag...
- RBI's lending innovation: Can't prove creditworthiness? Now you will still get a loanThe Reserve Bank of India (RBI) is developing a Public Tech Platform for Frictionless Credit delivery through end-to-end digital lending pr...
- RBI puts up Innovation Pavilion at G20 FMCBG meeting venueAs part of the 'Frictionless Credit', an experience centre has been set up to give a real-life feel of the transformational Digital Kisan C...
- Niro strengthens senior leadership, brings onboard FanDuniya founder-duoWith this announcement, the company will strengthen its team to help realise its vision of democratising access to convenient, hassle-free ...
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