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Articles for Fintechs, search results for credit

Fintech-Driven Digital Lending To Bridge Credit Gap In India, Says Report
1 year, 10 months ago

Fintech-Driven Digital Lending To Bridge Credit Gap In India, Says Report

News 18  

The fintech revolution is likely to spur digital lending in India, which is expected to surpass traditional avenues of lending by 2030. This will be driven by deeper inroads being made in the unsecured small-ticket size segment and the secured collateral-based high-ticket size market, according to the latest white paper Fintech-led Digital Lending: Coming of Age by Experian India in …

India Credit Digital Lenders Lending Digital Lending Fintechs
Fintech's Halt 'Buy Now Pay Later' As RBI Tightens The Noose On PPIs
2 years, 5 months ago

Fintech's Halt 'Buy Now Pay Later' As RBI Tightens The Noose On PPIs

Live Law  

The FinTech industry has seen an unprecedented rise in the past few years, with many neo-banks, non-bank prepaid instrument issuers emerging in the market with their outrageous claims and services. However, it seems that the RBI has grown weary of the BNPL service, for on June 20 2022, The Reserve Bank of India issued a notification prohibiting non-bank institutions or …

India Credit Bank Fintech Pay Rbi Bnpl
Fintech firms, facing competition from mainstream banks, step up their offerings
2 years, 10 months ago

Fintech firms, facing competition from mainstream banks, step up their offerings

Live Mint  

Fintech companies have established themselves as viable competitors in the financial-services business, but now they face a new challenge: Some mainstream banks have started to offer fintech-inspired services such as early paycheck access and no-fee overdrafts. Fintechs, taking advantage of their technological prowess and lower costs, are offering more features that banks generally don’t, such as analysis of customers’ spending …

Financial Services Credit Products Fees Johnson Consumers
Banks tap fintechs to deliver new-age credit products
3 years, 4 months ago

Banks tap fintechs to deliver new-age credit products

Live Mint  

Mumbai: Banks and non-bank financiers are partnering with fintech companies to offer new-age digital products to their customers in areas they would otherwise have to invest significantly more if developed in-house. Moreover, some of these fintechs work on artificial intelligence and machine learning to underwrite credit risk and therefore offer a fruitful addition to legacy models used by banks,” said …

Credit Products Bank Fintech Banks Offer Fintechs
Fintechs need to be regulated more like banks, says report from global regulator
3 years, 4 months ago

Fintechs need to be regulated more like banks, says report from global regulator

Live Mint  

Calls are growing louder to impose more stringent regulation on technology giants that spill over into financial services. A paper published by the Bank for International Settlements, a consortium of central banks and financial regulators, said tech companies that play a critical role in payments and other areas should be subject to stricter regulatory scrutiny that considers issues beyond traditional …

Financial Regulation Financial Regulation Central Banks Bis Techs Big Techs
What to expect if your lending app gets banned
4 years, 2 months ago

What to expect if your lending app gets banned

Live Mint  

Your loan app could soon join the list of China-based mobile apps banned in India. Since fintech and lending apps access sensitive information, including your account details, this could mean putting both your money and privacy at risk. “There is a high possibility of certain apps getting banned even if customers have outstanding loans, since sensitive data is at stake,” …

China Loan Apps Nbfc India Banned Lending App Chinese Fintechs