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India’s HDFC Bank launches digital bank for SMEs
In its aim to grow its corporate market share, India’s HDFC Bank, the country’s second largest private sector lender, has announced a digital bank for its small and medium enterprises (SME) customers.
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- Uncategorized
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- South Asia
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India’s Credit Information Bureau expands into small and micro loans segment
While speaking about CIBIL’s expansion in the small and micro loan segment Ratna Vishwanathan, CEO of MFIN commented, “Although banks have started providing data to all credit bureaus, CIBIL’s expertise in data insights and solutions is very valuable in the context of a more complete credit profile. CIBIL’s experience and leadership in handling a bureau will be a good value addition to the MFI credit rating ecosystem.”
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- South Asia
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India’s fintech revolution is primed to put banks out of business
While global stock markets reset and U.S. tech unicorns readjust to new expectations and valuations, India’s tech renaissance is just beginning to flourish.
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- South Asia
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- fintech
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Viewpoint: India’s fintech revolution is primed to put banks out of business
Infosys founder Nandan Nilekani calls it India’s “WhatsApp Moment,” echoing how a simple software solution from Silicon Valley turned the Asian telecommunications industry upside down, making obsolete decades of infrastructure,business models and loyal customer relationships with massive telecom operators.
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- Technology
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- South Asia
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- fintech
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Study: MFI loans do little to lift the incomes of poor Cambodian families
The study, released last month by the international research consortium Partnership for Economic Policy, surveyed families in 11 villages and found little difference between the incomes of people who had taken out MFI loans and those who had not.
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- South Asia
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Cracking the payments bank puzzle in India
Success of payments banks will require understanding the financial lives of the base-of-pyramid customers and finding innovative ways to serve them.
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- South Asia
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The Indian start-up that may sideswipe Apple Pay
With 900 million mobile phone users and a sophisticated biometric digital ID issued to every citizen, India is increasingly attractive to companies that provide mobile financial services.
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- Technology
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- South Asia
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Report: Cashless ecosystem spells big bucks for fintech startups in India, to reach $2.4 billion by 2020
A joint report by KPMG and NASSCOM titled 'Fintech in India argues that a robust fintech collaborative ecosystem - with startups engaging in external partnerships withfinancial institutions, universities and research institutions, venture capitalists, technology experts, government agencies - will be the key platform for the forecasted growth.
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- Uncategorized
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- South Asia
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- fintech
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