Impact of Cloud Computing on Fintech Companies
Cloud-based services and cloud computing are the buzzwords in the recent past. They have been driving efficiency, cost-effectiveness and numerous other advantages to companies from all sectors. Like that, the banking and finance sector has extensively adopted cloud...
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Technology Combating Financial Frauds
Frauds have long been a major concern for the finance industry. Traditional processes and models have become prone to numerous risks such as identity thefts, phishing, money laundering, and cyber crimes, etc. Now when the industry is witnessing massive growth, the...
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Why is P2P Lending Gaining Popularity?
The emergence of Fintech has driven the growth of newer lending business models that bring lenders and borrowers to be on the same platform to get connected without needing any middlemen. Alternative lending or P2P lending is one such sector that has managed to...
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Modern-Day Technologies Reshaping Loan Origination Process
Leveraging modern technologies and made our day-to-day life easy and frictionless. Our banking too has become effortless, right from opening an account to making money transfers through mobile. Today, a high volume of banking activities can be achieved with greater...
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Capturing Benefits of PSD2 in a New Regulatory Environment
PSD2 or payment service directive is the second attempt by the European Commission to regulate the rights and obligations of banks to provide the customers with better and safer services. The directive has come to change the ways how customers interact with banks...
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Consider These 8 Factors Before Choosing a Loan Management System
The requirement of lending businesses to have an agile and user-friendly lending solution has moved beyond a functional need to a strategic requirement. Paper-based system or spreadsheets have become obsolete and no longer meets the rising demands. Businesses need a...
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What Role Can Machine Learning Play in Reshaping Lending?
The banking and finance industry has continued to grow, and its lending practices are evolving rapidly. In the past, banking was limited to branches that follow manual processes to approve and grant loans. It was a long and tiring process to obtain a loan. However,...
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Why Do You Need to Re-Evaluate Your Credit Scoring Process?
Lending as a dynamic industry has been subjected to numerous upgrades in terms of methodology. One needs to stay updated with the latest technology trends in order to stay relevant. Traditionally, lending companies have been evaluating their customers on the basis of...
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5 Major Factors Driving Fintech Growth
According to the report issued by KPMG, “In the first six months of 2018, global investment in fintech has hit $57.9B.” Fintech has emerged as a powerful sector driven by the adoption of cutting-edge technologies and alternative finance. Most of us will agree, fintech...
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A Complete Guide to P2P Lending Business
With the massive potential in the marketplace lending, there has been significant growth in the number of entrants in the market. Peer-to-peer lending allows people to avail easy loans at low interest rates. It also presents an opportunity to avail loans for the...
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