Personal loans: Excessive digital lending led to a wave of frauds, states FACE report

[ad_1] The digital lending sector in India has grown significantly and attracted scammers which push digital lending applications to the market, states FACE (Fintech Association of Consumer Empowerment) in its latest report. The report says that most borrowers take small valueĀ personal loans from fintechs. Around 35 percent of loans are worth less than ₹25,000. Loans…

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What is digital lending and how has it transformed the financial sector? Key risks and challenges explained

[ad_1] The financial sector underwent substantial transformation because of digital lending technologies bringing new ways for consumers to obtain loans. The need to deal with extensive paperwork alongside enormous lines and multiple bank visits for loans exists only in the past. People can now fully complete loan applications online as digital lending provides quick and…

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Here’s how organizations can get digital ready without going wrong

[ad_1] Over the past decade, increases in computing power, ubiquitous connectivity and changes in consumer and channel dynamics, along with new competition, have seen digital technology transformations become CEO agenda items.Ā  Building a digital-ready company is a board-level imperative, but success has been elusive. In a BCG study of nearly 900 transformations globally, more than…

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