In the intricate tapestry of the investment world, Alternate Investment Funds (AIFs) stand out as a beacon for diversification and growth. These funds, while relatively new, have become a cornerstone for investors seeking non-traditional avenues. This comprehensive guide, curated by FinGuru, aims to shed light on the nuances of AIFs, their regulatory framework, and their…
The NBFC sector has undergone a significant transformation in the lending landscape with the advent of digitalization. Automation has revolutionized various aspects of NBFC operations, such as customer acquisition and verification. However, the credit risk underwriting process, which determines the borrower's creditworthiness, is still heavily reliant on manual assessment in many NBFCs. This manual approach…
Introduction
Updated by the RBI in March 2020 and its released framework regarding payment aggregators' further continuation compliance. The regulator stated that the payment gateways now need to obtain a license and certification from the Payment Card Industry (Data Security Standard/ PCI DSS) to keep their merchant transactions as it is and smooth going.
After…
Introduction
The Unified payment interface or UPI transactions, as we know, the elevated convenience served by UPI systems is one biggest reason it's exceeding other payment methods.
Proof: A report by CLSA verified that UPI corporates to 60% of entire payments — and digital payments have increased from $61bn in 2016 to $300bn in 2021.…
Have you heard of this quote, "If you deprive yourself of outsourcing and your competitors do not, you're putting yourself out of business"? A very famous one by Lee Kuan Yew, 1st Prime Minister of the global financial center, Singapore.
In this digital era, when every other job has become virtual and can be outsourced,…
The Indian FinTech ecosystem demonstrates uniqueness. Its growth is propelled and determined by numerous factors and the involvement of a myriad of stakeholders, including founders, startups, a vast customer base, institutions, and government & regulatory bodies, to name a few.
Fintech is flourishing like never before in India. That's attributable to an ultra-modern digital infrastructure,…
Gone were the days when blockchain technology was only associated with cryptocurrency. Now, many industries, like healthcare, insurance, logistics, medicine, entertainment, etc., are trying to harness the advantages of this new and evolving technology, and fintech, as an evolving industry that entirely depends on technology, does not want to lag in any way.
Fintechs are…
Introduction
Payment or merchant aggregators are third-party service providers allowing payment through several gateways without a merchant account with a bank or card association. PayPal was the first to offer such a service in 1998.
Traditionally this has been quite a manual and muddled process to negotiate with each bank, card provider, and other financial institution. Aggregators…
Trends in NBFCs are changing simultaneously with the technology change. NBFCs have been increasing for the past few years and have reached an all-time high growth.
According to a publication by RBI, their credit intensity measured by the credit/GDP ratio has increased from 8.6 in 2013 to 13.7 in 2021.
Moreover, compared to Scheduled Commercial…
Neo banks— online banks, internet-only or no branch banks.
With the catered and personalized customer solutions— In the next five years, the global NeoBank market is recorded to grow at 47.1% and hit a $333.4 billion market size (CAGR).
Along with seamless 24x7 remote services, NeoBanks are easy to set up because of low operating…
What does VCFO stand for? The acronym for Virtual Chief Finance Officers is becoming popular as it provides freedom to hire financial roles with redeemable contracts.
A Virtual CFO assists in day-to-day supervision and management of the finance department and helps in capital raising, lending strategies, and implementation.
Many companies are already delegating their operations…
The data speaks for itself! Buy Now, Pay Later (BNPL) solutions are predicted to reach 20527.234 billion Rupees in revenue by 2025, expanding at a rate of 40% annually.
The paying trend gained popularity due to overall spending by consumers who strongly opposed taking on debt during an uncertain economic climate.
But there…