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 […]
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 […]
API Validation & Testing: Critical to API-Led Business Models
API Validation & Testing: Critical to API-Led Business Models In the age of the Internet and digital technologies, APIs (Application Programming Interfaces) are changing entire business models and leading to the emergence of an API economy. Companies like Uber, Airbnb, or Amazon are built entirely on APIs and provide services through an interface for APIs […]
Open Banking Ecosystem
[vc_row][vc_column][vc_column_text] The banking ecosystem of India has undergone rapid changes in the past 5 years, moving from a traditional product-centric, inside-out approach to a consumption-based, outside-in approach. With the evolution of open banking, pioneered by BFSI players like Yes Bank, Kotak, RBL, etc, the ecosystem has now grown to include NBFC and other tech players […]
P2P Lending Cards
Peer to Peer lending(P2P Lending), also known as crowdlending, is a model that allows individuals to directly obtain credit from other individuals thus enabling them to bypass any financial institutions acting as an intermediary. But these lending models are now undergoing a gradual shift to make the process more effective and transparent for both the […]
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 […]
Top 30 Indian Open Banking Influencers
Indian Open Banking Ecosystem has grown significantly in the last 3 years. This change has been by – Entrepreneurs pushing the ecosystem to innovate – Bankers who are willing to collaborate in newer ways – Investors who are willing to invest in new categories – Industry veterans who are guiding this change This list has […]
India Fintech Funding 27th May – 24th June 2020
Summary of Fintech funding in last 1 month: 10 Fintech Startups have raised more than 65.75 million USD in the last 1 month, with the Lending Segment taking the lead. While OlaMoney (Neo-Entrant) raised $27.1 M, 3 lending firms raised approx. $34 M. 2 Wealthtech firms also raised approx. 1 M. Limited funding has gone […]
Open Banking Ecosystem
Open Banking Ecosystem Indian Open Banking / Neo Banking Ecosystem The Indian Open Banking Ecosystem has grown at a rapid pace over the last three years, with leading banks like Yes Bank & RBL Bank taking a leadership position from the initial days. Since then, many Banks and NBFCs have taken steps to partner […]