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 […]
Introduction Gold’s allure and dominance as the principal medium of trade have captivated all civilizations around the world since the beginning of time. Because of its inherent excellence, pristine condition, potency, and demand, it has always stood as a symbol of its owners’ pride. The rising value of gold means that you can now […]
The fintech industry, ever-evolving and dynamic, has witnessed remarkable growth over the years, driven by innovation, technology, and collaboration. As we stand on the precipice of a new era in finance, there’s no better stage to explore these transformations than the Global Fintech Fest (GFF). This global event, slated for September 5-7, 2023, at the […]
Introduction The transformative effect of digital lending is bridging the gap between new technology and the banking sector. Fintech companies have simplified the lending and borrowing processes by integrating traditional financial services with cutting-edge digital technologies. Recently, there has been a surge of optimism and excitement among fintech groups, established lenders, and investors since […]
These days, more and more individuals are turning to Personal Loans as a means to finance their greater financial commitments. As a result of the rising rate of online and peer-to-peer lenders, borrowers may choose from a plethora of quick and simple loan choices, the vast majority of which can be completed in under 10 […]
Introduction Application Programming Interfaces (APIs) and AI are technologies that have undergone significant updates in the last several years, resulting in an astonishing rise in popularity. The use of these phrases dates back to the 1980s. They have several potential uses in both corporate contexts and common software programs. An API acts as a connection […]
In today’s information era, one of the most important factors in achieving business success is learning how to assess and get value from our company’s digital insights. Financial institutions have been considering the borrower’s income and employment stability before approving a loan. And now, with the help of advanced data analytics technologies, it is […]
