Lending | Page 2

MSMEs required INR 32.5 Trillion of financing , of which around 78% came from informal sources

The entry of new age fintech lenders in the last decade brought about a transformation of the MSME lending landscape in India

The documentation required is also simpler as compared to bank loans

Here's how the latest technology can be applied to ease the burden of non-payers for lenders

Artificial Intelligence (AI) emerges as the most accurate, instant, and practical method to check the payback abilities of borrowers.

By employing cutting-edge and fully automated underwriting process, new-age fintech platforms assess the creditworthiness of each borrower

With the RBI taking a keen interest in the sector, the P2P lending is sitting on a cusp of opportunities within the fin-tech space

The startup works on a simple premise: banking should be the catalyst to deliver higher growth rather than just being a separate stand alone activity.

Prepare a business plan to project the time period for which you will require the supplementary financial support

The cluster of fintech start-ups in the country, has also made the sector crowded and noisy.

Most fintech companies in India have not yet forayed into lending, but some have taken the bold step with promising result

Start-ups in the lending business are now investing in technology to obtain a clear understanding of their customer base.

The fintech sector in India is crawling into every segment of the financial services by incorporating basic banking features.

Developing alternative scoring models is a huge opportunity especially in a large developing credit market like India

Customers keep shifting in this ecosystem from money lender to BANKS via NBFC's & new set of customers reach out to local money lenders, thereby adding to the market size.

While P2P lending is a boon for borrowers, lenders may find themselves in hot water in times very soon to come.

The important role played by MSMEs in the economy was even acknowledged in this year's Union Budget, which pressed upon additional credit support to this undercapitalised sector.

Prior to dedicating all his efforts on his first venture, CreditMantri, Ranjit spent 23 years working for different consumer in lending businesses in 53 countries.