by Arvind Balasubramanian | Mar 8, 2023 | Uncategorized
The microfinance industry has been witnessing stellar growth over the last decade. The sector grew 16.5 times, from ₹ 17 thousand crore in 2012 to ₹ 2.85 lakh crore in 2022[1]. With a market share of 37.53 %[2], NBFC-MFIs stand as the leading financial provider in...
by Arvind Balasubramanian | Feb 7, 2023 | Uncategorized
Do you know? Only 25% to 30% of loans employ full automation[1] when it comes to credit decisions. Yes, the road to full automation is long and exhausting due to barriers such as extensive reliance on legacy systems, a lack of technological capabilities, dependency on...
by Arpan Sarma | Feb 7, 2022 | Uncategorized
The global lending market is growing at an incredible pace. According to latest figures by the Business Research Company, the global lending industry grew from $6036.37 billion in 2020 to $6932.29 billion in 2021 at a staggering CAGR of 14.8% & if the growth...
by Arpan Sarma | Oct 29, 2021 | Uncategorized
Consumers since time immemorial have been made to believe that getting approved for a loan application is a tiresome process. Right from physically visiting the lender’s office and submitting hard copies of supporting documents to waiting weeks and even months for the...
by Arpan Sarma | Oct 21, 2021 | Uncategorized
In 2019, The Business Research Company, benchmarked the global lending industry at a valuation of $6,875.4 Billion with a CAGR of 4.9% since 2015. While several patrons predicted the industry to suffer amidst the pandemic, in reality, it experienced a boom like no...
