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Posted on: August 12, 2022
Digitization has spoilt customers in an era when corporations are trying to replicate Netflix or Apple. Consumers desire the same level of personalization, speed of service, and usability from banking software development as from their smartphone apps. The banking industry
Learn MorePosted on: June 9, 2022
Banks and lenders are currently being tested to see how they can lower customer churn rate. In the era of instant food and grocery delivery, borrowers expect the onboarding and loan disbursal process to be quick and easy. Due to
Learn MorePosted on: May 24, 2022
After the global economy was put on life support during the pandemic, OCEN sparked a lot of interest in the financial world. It was first introduced as part of IndiaStack in 2020 by Infosys CEO Nandan Nilekani and is still
Learn MorePosted on: May 24, 2022
Consumers are being empowered by fintech companies to take control of their financial lives. They are increasing financial literacy by raising financial awareness. It is destroying the monopoly that traditional banks once had by making it easier for consumers to
Learn MorePosted on: April 20, 2022
The Reserve Bank of India has recently released digital banking units (DBU) establishment norms. This comes after the finance minister announced the objective of establishing 75 DBUs in 75 districts to observe 75 years of independence of the nation. In
Learn MorePosted on: April 20, 2022
B2B marketplaces are experiencing a radical change, where sectors like retail and e-commerce have marked significant uptake. Evolution of UPI, the introduction of account aggregators, OCEN, and what’s next? Embedded Financing! Embedded finance is the rapid developmental wave that has
Learn MorePosted on: April 20, 2022
OCEN, which has been in the news for a long time, has been called the next big thing in lending. The main goal of OCEN, which is pronounced O-Ken, is to put in place a set of frameworks and rules
Learn MorePosted on: April 20, 2022
Financial services in India are seeing unprecedented unbundling of products and services. Historically, financial institutions such as banks were in charge of the full lending value chain, including acquisition, appraisal, and capital. Throughout the lifecycle of a loan, borrowing was
Learn MorePosted on: February 28, 2022
There was contempt regarding the digital lending rules and regulations that can cause constriction over the digit lending process. The parliament passed the digital lending laws. The central bank has been dealing with the consequences of the regulations of the
Learn MorePosted on: February 28, 2022
Nowadays, phones play an essential role in our lives. When not having identity cards with us, we show our virtual cards or fire up Facebook, LinkedIn, or online banking apps. It acts as a massive part of our lives. Surviving
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