GeM Sahay lenders are seeking repayment support from portalThis pilot project aims to validate cash-flow-based lending for MSMEs, with GeM acting as the loan service provider (LSP). It is built on t...
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...
Fintech startup FinAGG raises $11 million in funding from Tata Capital, BlueOrchardFinAGG Technologies, a fintech startup that provides working capital solutions to micro, small and medium enterprises, on Thursday said it ...
Can OCEN be a game-changer for Indian MSME?Open Credit Enablement Network (OCEN) has been launched in India to address the challenge of access to formal lines of credit for small and...
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 ...
UPI, OCEN, ONDC opening minefield of opportunities: ASSOCHAM-PWC paperThe paper emphasised that financial service providers will need to embed offerings deeply within curated customer journeys around specific ...
There has to be a governance layer if you operate in financial services sector: NPCI chief Dilip AsbeThe NPCI chief, who was in conversation with Pine Labs chief executive Amrish Rau, said currently there is still room for digital payments ...
Economic Survey 2023: digital public infrastructure can add up to 100 bps to GDP growth rate, says CEA V Anantha NageswaranThe untapped potential in India’s digital public infrastructure (DPI) is huge and the country needs to continue to innovate to ensure the r...
How OCEN is democratising credit: Smallest loan worth Rs 160 sanctioned in less than 10 minutesOCEN is an emerging lending platform that connects Loan Service Providers (LSPs) like fintech firms and e-commerce players, as well as trad...
Samsung invites startups to work in Govt's Digital India stackThe Digital India stack, maintained by the government contains repositories for applications such as UPI, Digilocker, Open Network for Digi...
India to witness massive formalization of economy through tech: Nandan NilekaniHe said Jio-enabled smartphones, cheaper internet, digitization, the homegrown startup boom that saw the likes of Swiggy, Ola, Flipkart and...
Around 40% Indians use digital formats like UPI for money transfer: Nandan NilekaniRoughly 260 million people are using the UPI and another 150 million people use the Aadhaar-enabled payment system to withdraw money from t...
Budget hopes for FinTech: Boost credit flow for MSMEsThe Finance Minister can introduce some measures like expediting approvals, streamlining compliance norms for the ease of doing business, a...
An OCEN of opportunities: Expectations from the next digital public goodWith OCEN, lenders can create customized loan products to address the financial needs of small businesses and will be able to underwrite no...
After digital payments, digital lending is going to be big: Sequoia IndiaEssentially Open Credit Enabled Network (OCEN) democratises the underlying data that is required for underwriting.
iSPIRT in front seat as Centre's plans of a credit platform for MSMEs takes shapeThe think tank is in talks with “more than 30 consumer-facing entities” to become third-party service providers on the common network proto...
Open Credit Enablement Network will democratise credit, help small businesses: NilekaniThe Infosys chairman said from a fintech perspective, many of the pieces are now falling into place, and the COVID crisis has increased the...