High drop-offs in the loan application process is not a new event. The lending industry has forever been unable to manage the abandonment instances in the space – one prevalent across almost every loan type. Although there can be multiple reasons behind the fact that over 63% of customers never…
Open banking is a system that enables non-banking third-party payment and financial service providers to use consumers’ financial data through the use of application programming interfaces (APIs). On a simple note, open banking transactions are safe, easy, and quick. Its features are very advantageous to the business which are looking…
Read MoreOpen Banking: Know about the concept changing the future of payments
2020 was a difficult year for economies across the globe. The financial fluctuations that COVID-19 brought made it difficult for SMEs to continue operating. As a result of this, it became challenging for businesses to manage their everyday operations – an event they went on to solve by seeking short…
Green energy vehicles have become the choice of the modern-day commuters who are concerned about lower buying costs and hike in fuel prices. And, when it comes to acquiring them, Electric Vehicle Loan has become the top pick. What is supporting this movement is green vehicles supporting banks. Most of…
Why Co-Lending Co-Lending or Co-origination of loans is an arrangement between Banks and NBFCs (including HFCs) to lend with a joint agreement. In this arrangement NBFCs are required to retain at least 20% share of the loans on their books. This innovation is needed as India has the highest number…
The world of business lending is on a constant growth ride considering factors such as increasing need, digital transformation, organization growth, changing market circumstances, evolving customer expectations, reputations and end-user experience. Businesses and customers have been driven towards remote working, are forced to re-prioritize health and safety, perform transactions digitally…
Read MoreDigital Transformation & Emerging Trends in B2B Lending
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