War on bad loans begins to pay for fintech lenders
The tough financial conditions have meant that startups are using technology innovatively to reduce the cost of operations.This year has been stressful for non-banking finance companies (NBFCs), with a liquidity squeeze affecting the broader financial services sector.
Perfios raises $50 million from Warburg Pincus, Bessemer
The mix of primary and secondary capital has given an exit to some of its angel inve...
BHIM UPI goes international; QR code-based payments demonstrated at Singapore FinTech Festival
This would allow SMEs, within and across borde...
PaySense explores lending opportunity, acquires an NBFC
ET had in August reported that PayU was in talks to acquire PaySense in a potential cash-and-stock deal.
Ease access to credit history: Fintech firms
Digital Lenders Association of India (DLAI), an industry body of around 50 technology-based NBFCs, submitted a slew of recommendations for easing access to credit history.
Aye Finance raises debt funding worth Rs 80 crore
The MSME lender plans to utilise the latest infusion of funds for further growing its lending portfolio.
Fintech lenders use omni-channel for healthy loan book
NEW STRATEGY: Startups are putting in place a mix of physical and online processes at a time of asset-quality challenges and rising borrowing costs.
Wipro banking on small US finance companies
"In BFSI segment alone percentage of revenue has gone up by 4-5 percentage points in the last 3 years. We are also acquiring a lot of new customers and gaining market share, " Wipro CEO Abidali Neemuchwala said.
Lord Mayor of London leads fintech mission to India
The City of London Mayor said the visit aims to boost relations between India and the UK in innovative finance.
Indian-origin entrepreneur's startup leads London fintech boom
Among fintech investment deals on a global level, London has taken top spot in 2019, with a total of 114 deals, overtaking New York in second place (101).
RBI rider on credit bureau data access has fintech in a quandary
Startups fear directive may stop them from accessing all bureau data, hitting them badly.
Fintech startups look for total makeover with lending licence
Some of the fintechs have either secured or applied for a NBFC licence from the Reserve Bank, moving away from the initial plan of pure-play credit marketplaces.
Consumption would be the alpha generator in next 5 years: Siddharth Parekh, Paragon Partners
There is a lot of deal activity because businesses are looking for capital.
A sweeping reset is in the works to bring India in line with fintech's rise
A high-level panel has proposed a comprehensive legal framework for consumer protection in the fintech age.
P2P lenders knock on Finance Minister’s door for easier credit rules
Industry body wants to apprise Nirmala Sitharaman about challenges faced by the budding sector.
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