Given the increasingly competitive nature of businesses in the digital age, it’s no wonder that startup and SME have been focusing so intently on business growth. To this end, targeted corporate banking services are an excellent way for smaller companies to grow their business. However, with such a wide variety of financial services available, it can take time to determine which ones your company needs. This blog post explores corporate banking and whether it could…
India is a predominantly cash-based economy, which has seen considerable improvements in the form of Bank branches and ATMs that have been digitized. These upgrades and new technologies have successfully improved user experience while simultaneously allowing banks to optimize their resources without impacting their efficiency. The installation of Cash Recycling Machines and the RBI’s ICCW mandate on ATMs is seen as a game-changer for the payment system, with an estimated 50,000 ATMs/CRMs deployed in the…
The rise of Web3 technology is bringing about a revolution in the lending and banking industry. Web3 technology, or “blockchain-based distributed ledger technology,” is poised to ultimately transform how we conduct financial transactions. With Web3, banks are no longer needed to facilitate loans and payments. Instead, lenders, borrowers, and service providers can connect and transact directly with each other without any third-party involvement. This shift presents an excellent opportunity for people to access loans quickly,…
The lending ecosystem in India is currently under increased scrutiny by the Reserve Bank of India (RBI). This has caused many industry players to reassess how they conduct business and has significantly impacted consumers. With the RBI’s plans to implement stricter regulations, it is important to explore the current lending ecosystem and understand the implications for industry players and consumers. This article will explore the lending ecosystem under RBI scrutiny, the effects on industry players…
In this era of digitisation, no organization is completely protected from cyberattacks. Every day, more than 30,000 websites are hacked around the world, with the majority of these attacks targeting small and medium-sized businesses. In spite of the fact that 51% of SMEs do not use cyber security measures, believing they are too small to be hacked, the typical ransom paid by mid-size organizations in 2021 was an astounding $170,404. To safeguard data, avert financial…
Autonomous app development is revolutionizing the software development industry, enabling businesses to create applications with minimal coding expertise rapidly. The emergence of no-code platforms, which utilize drag-and-drop tools to allow users to create applications from scratch without any programming knowledge, has made this possible. These no-code platforms are making software development more accessible than ever while providing a streamlined way to launch applications quickly and efficiently. Technology is rapidly changing how businesses interact with technology…
