How is DEPA transforming India’s Financial Landscape?
How is DEPA transforming India’s Financial Landscape? The Data Empowerment and Protection Architecture(DEPA) is a consent-based data-sharing framework created by NITI Ayog. Exponential growth in smartphones and reduction in internet bandwidth has generated tremendous individual data. This data encompasses both structured data and unstructured data. Structured data includes financial information, taxation, business, utilities, and unstructured […]
CBDC – Central Bank Digital Currency
Central Bank Digital Currency (CBDC) will be a focus in this decade: With the advent of private decentralized cryptocurrencies like Bitcoin, Ethereum, etc. central banks of different countries are playing catch-up with the digital currency. After realizing the significant lead that private cryptocurrencies have taken, the central banks have finally woken up and currently, 50+ […]
New Umbrella Entity (NUE) : Implications on Banking Ecosystem
New Umbrella Entity (NUE) : Implications on Banking Ecosystem The payment ecosystem has grown massively in the last decade due to RBI, NPCI, Banks, Fintechs, and the entire ecosystem. Banks have invested heavily in infrastructure and technology to support payment products, including RTGS, NEFT, UPI, IMPS, AEPS, BBPS, etc. This has improved the life of […]
Setting up Profitable Digital Lending Business
Indian customers across Retail and SME segments, who are unable to get loans from banks, are willing to pay high interest and fees to get credit from Digital Lenders. In the last 5 years, hundreds of Digital Lenders have tried to build a business and very few have been able to scale profitably. Despite massive […]
Public Credit Registry impact on Fintech Ecosystem
Public Credit Registry impact on Fintech Ecosystem The Indian Lending Ecosystem has evolved over a period into a multi-layered system consisting of players like Fintech Start-ups, Data Providers, and also Credit Bureaus. But a large population of the country including SMEs and MSMEs are still deprived of Formal credit. We believe that Public Credit Registry […]
Are you Setting up Lending Fintechs / NBFC : Where to start? Part 4
Are you Setting up Lending Fintechs / NBFC? Loan Origination System – Key Differentiator Before the advent of Fintechs, Bankers primarily assumed that the entire customer onboarding journeys were handled manually. As a process, the loan documents were submitted via DSAs / Sales Team to the Credit and Operations team for approval and disbursal. Even […]
Are you Setting up Lending Fintechs / NBFC : Where to start? Part 2
Getting it Right: Product Market Grip Credit needs are never the primary needs of the customer. Customers are driven by their need to buy a product like a car or a service. When we are building a Digital Lending business for a segment of our choice, we have to focus on the following elements: Customer […]
UPI Autopay in our Everyday Lives
NPCI is now a step closer to making UPI India’s one-stop payment solution. With the launch of UPI Autopay, a feature that enables automatic payment of recurring expenses directly through UPI, people no longer have to worry about monthly bill payments, Subscriptions, Booking tickets, etc. The authentication for such transactions has been enabled through an […]
Open Banking – Best Practices
Open Banking is driving innovation across the globe with new partnership models and opening up new doors of opportunities. Due to the recent pandemic, many financial institutions have realigned their focus toward digital transformation, and Open Banking has become central to the transformation theme. The massive increase in smartphone usage powered by readily available cheap […]