Digital transformation is on the rise and keeps influencing the majority of industries; this includes the financial and banking sectors. These industries are mostly influenced by digital innovations and offer a lot to their end-users to make their lives easier and more comfortable. One of the most significant innovations is a mobile wallet. With the […]
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Blockchain and Lending industry
Financial industry has evolved over the years and is on the verge of paramount growth from Fintech revolution. Of which Lending vertical of the finance industry takes a lion share of this industry. However, the growth is not consistent across the countries. There are disparities in adoption which Blockchain can answer. One of the reasons […]
Benefits of Machine Learning for consumer lenders to detect risks and fraudulent activities
With increasing incidents of payment defaults and alarming credit risk rate, consumer lending companies realised the challenges of managing credit risk. This has prompted most lending companies to build risk mitigation models using Machine Learning, so as to reduce the risk of default while taking smart and well informed lending decisions. Traditional analytical techniques of […]
Fintechs edge over traditional Banks
Over the past 2 decades, financial industry evolved with the help of technology to reach out to larger audiences with diverse products. Big banks with their presence across the regions dominated the financial industry with their traditional approach. However, the traditional banking dominance is eroding with new financial ventures offering new products, service and practices […]
Difference between Omnichannel and Multichannel
Omnichannel is a multichannel approach to sales that provides customers with seamless shopping experience irrespective of the channel they choose from. It can be either shopping from online from a desktop or mobile device, or by telephone, or in a brick and mortar store. Omnichannel approach is achieved by integration between distribution, promotion and communication […]
AI is already winning the fight against money laundering!
For most people, money laundering is just a confusing term. They think that as long as it is not happening in their town or around them, it will not affect them. But that is not the case. Money laundering affects society at many levels. It significantly affects one’s life in social, economic and security terms. […]
The new Banking competitors
Banks held their dominant position even when innovation changed the industries over the last two decades. This can be attributed to factors such as highly regulated environments. However banks are presently seeing the emergence of new competitors that threaten to steal their market share and replace them from their leadership in the industry. These new […]
Financial Stability through Short term Loans
Financial uncertainty puts a constant strain on your life affecting your emotions and relationships becoming one of the worst things that can go on your life. It is due to poor management of finance, bad credit affects an increasing number of people. Payday loan helps to get out of sticky situations which can arise through […]
Time to get ready for Crypto driven lifestyle!
Many investors had turned their backs on cryptocurrency since September- October 2018 which went on till early 2019. But some of the big corporate players were still hopeful of the technology and kept on working on blockchain and crypto and now they are coming up with blockchain based financial ecosystems or better to say lifestyle […]
Financial Services transformation through FinTech
New technologies are disrupting the Financial Services industry. Some might refuse to change their investment methods but the increasing number of millennials as the workforce is ensuring the technology shift in every industry. FinTech has not only remained a future but is already here. Recent times have witnessed the introduction of technology solutions that have […]
