The Reserve Bank of India (RBI) recently released revised guidelines on digital lending in India, which aim to regulate the sector and protect consumers from unfair practices. The guidelines come in response to the growing popularity of digital […]
A window into the future of financial services
The one subject that everyone today is acquainted with is the invention of the ChatGPT. Here, GPT stands for “generative pre-trained transformer.” It is a chatbot launched by OpenAI in 2022. It was built on top of OpenAI’s GPT-3.5 family of large language models and is enhanced for better quality and output by both […]
Budget 2023: Reviving the Fintech Revolution
India has the highest fintech adoption rate globally. The industry has seen exponential growth in the latter half of the previous decade when the wave of digitization and 4G internet connectivity swept the country. With an adoption rate for fintech services of 87%, the country trumps every superpower, with an average global rate of adoption […]
How Will the RBI’s Ban on Non-bank PPIs Impact India’s Fintech Industry
The FinTech industry has been maturing fast over the last decade. Eleven of India’s sixty-five unicorns operate in the FinTech space. The tech-driven Fintech industry is quickly disrupting the traditional and established BFSI players. However, the regulatory regime is gradually catching up to technological consequences. In a move that could impact several fintech players, […]
Gold Loan future with Digitalization
The gold financing segment in India has been countersigning a substantial revolution in several aspects, from a steady shift to the organized and formal sector to digitalization and the advent of online products. Gone are those days when the Gold loan was considered a conventional mode of transaction where-in borrowers were required to visit the […]