Fin-tech has been on a steady rise and is causing a significant disruption in the services which once used to be a stronghold of the traditional banking behemoths. Owing to this, fin-tech has garnered much acceptance from the investors and even banking firms themselves seeking to tap into their potential. The immense success of the .
If you are leading a good life with an excellent job in an urban city of any country, then you are more likely to have one or more credit card. If you are an aware consumer, you already know what impact a credit card can have on your credit score. Your credit score is one .
The rapidly changing technology is also having an impact on the lives of people on a global level. Financial technology companies, also known as Fintech companies are constantly competing for gaining the market share. There are many changes which have been brought about by this evolution such as mobile payments replacing cash and credit cards, .
Overview While checking the credit report if you feel that your credit score is extremely low, then this means you have defaulted your certain EMIs of your bank loan or have defaulted the payment for your credit card. Alternatively, this could have defaulted long back, and now you do not remember about it. However, if .
Blockchain has become the most talked-about topic in the financial services industry. Once it is adopted, banks will find it easier to process payments more efficiently. It will also help to reduce the transaction processing costs and make the payment process more accurate. To capitalize on this potential banks need to have the infrastructure in .
In this day and age, the process of securing a personal loan has become much speedier and simpler, thanks to the influx of various technology-induced lending practices. Presently over 1500 Fintech companies are functioning in India, which has radicalized the personal loan market, scrubbing off the shine and shimmer from the customary banks and several .
When the entire concept of lending and borrowing started to become legal and mainstream, it only involved the traditional banking methodologies with fiat currency. As technology has evolved, there are now multiple avenues to apply for any kind of loan from various types of financial institutions and lending companies. Institutions like NBFCs, FinTech companies, and .
A personal line of credit is a flexible monetary option that allows you to borrow the amount of funds that you need, whenever you need it. It is a pool of money that is released at once but can be borrowed in parts based on requirement. A credit line addresses short-term needs and immediate liquidity .
The lending industry has undergone a drastic change over the last half a decade. Loans are moving towards a digitalized platform which has led to a faster, more efficient processing system that benefits both lenders and borrowers. Especially when it comes to business loans, technology has aided banks and financial institutions in approving applications instantly. .
Banking and financial service industries are witnessing a transformation with the implementation of digitalization. Alternative modes of lending such as crowdfunding, investment management services, and digital marketplaces are on the rise. With the collaboration between banks, financial institutions, and FinTech organizations, India is moving towards being a more technologically innovative country. Digital marketplaces are a .