The gold loan stands out as the most straightforward and convenient credit option, particularly in the context of a typical Indian household. Gold, regarded as an invaluable asset acquired during festive and family occasions like births or marriages, serves as readily available collateral for unforeseen or planned expenses. While lenders may boast about offering the […]
We commonly encounter situations where expenses exceed our available funds, whether for planned occasions or unexpected emergencies. In such economic crises, opting for a gold loan, where idle gold is utilized, proves to be the most cost-effective and convenient solution. The gold loan involves minimal documentation, offers swift disbursal, and is not influenced by […]
“Gold and silver is money, everything else is credit.” J.P.Morgan The iconic statement is by the American financier and investment banker who dominated corporate finance on Wall Street. J.P. Morgan encapsulates his belief in the concrete value of precious metals compared to the more abstract nature of other financial assets. By emphasizing the role of […]
Having navigated through the challenges posed by the pandemic, everyone is now well aware of the sudden financial crisis situation. These situations arrive unexpected, without any notice hence called as emergencies. It is always prudent to be proactively prepared for such unforeseen situations with the available resources, and overcome without enduring significant harm. Financial emergencies […]
The thriving fintech sector, which has revolutionised traditional banking and changed access to financial services, has been a major driver of the notable development in financial inclusion. Digital currencies have democratised access to international markets by giving customers state-of-the-art trading tools and fostering financial inclusion. But how do they benefit today’s digital financial landscape? […]
Artificial intelligence (AI) is profoundly impacting the banking industry today. AI is assisting financial institutions and banks to become more efficient, much like a digital genius. Banking and finance stand to gain a lot from AI when used strategically. The key is its ability to handle vast volumes of data, identify hidden patterns, and […]
In a recent move, the Reserve Bank of India (RBI) has implemented a significant increase in the risk weight for loans to customers, credit card treatments, and NBFC loans from 100% to 125%. Concerns over the rapid expansion of consumer borrowing have been rising, prompting this decision. How will this adjustment impact the dynamics of […]
In recent years, there has been a noticeable shift in management’s emphasis on risk. Instead of relying on internal auditors to confirm that controls are adequate and effective, boards of directors increasingly seek to verify that risk management happens within acceptable bounds. When conducting internal audits, the notion is sadly not always well understood. So, […]
Emerging technologies like machine learning (ML) and artificial intelligence (AI) have the potential to transform the financial services sector completely. According to Allied Market Research, AI is predicted to grow from its $3.88 billion valuation in the banking sector in 2020 to an astounding $64.03 billion by 2030. Most uses of AI are related to […]
Financial services organizations can now access, store, and analyze data more securely and effectively than ever due to cloud computing. This has provided an ideal foundation for fintech companies to create game-changing products, services, and technology that have altered the financial environment. By 2025’s end, the total value of the worldwide fintech market is forecast […]
