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 …
Blue-collar workers are the lifeblood of an enterprise. But even lower frequency but verifiable data related to worker roles, earnings, and employment histories can help fintechs assess risk and serve low-income earners. Work data performs significantly better than traditional credit markers like Bureau scores to enhance inclusion of new-to-credit or thin file borrowers as well as optimise prediction efficiencies associated …
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,” …
