Meerut, 24 July 2024 – Renowned leader Satyendra Kumar delivered an insightful analysis of India’s Union Budget for the fiscal year 2024-2025 at the FinTech Conclave held in Meerut, Uttar Pradesh. Drawing on his extensive experience, Kumar provided a detailed evaluation of the budget’s focus on infrastructure development, fiscal stability, and social welfare. Infrastructure … [Read more...] about Satyendra Kumar Analyzes India’s 2024-2025 Financial Budget at FinTech Conclave
Finance
Preparing Your Finances for Life’s Unexpected Events with Short-Term Loans
Life is like a ride on a roller coaster that can make you lose all your money. Sometimes bad things happen, like getting sick, the car stopping work, or losing your job suddenly. When these things happen, we need money fast. That’s when instant personal loans help us a lot! Therefore, this article discusses the significance of preparing your finances with these types … [Read more...] about Preparing Your Finances for Life’s Unexpected Events with Short-Term Loans
Finuit’s Bank Statement Analyzer simplifies processing of MSME Loan Applications
There are over 6.3 million MSMEs in India, with an unmet credit demand of close to 120 billion USD. Access to small ticket loans for MSMEs is often a long, uncertain process. MSME lending landscape faces challenges of credit underwriting necessary for the approval and disbursal of loans. Credit underwriting requires the applicant’s financial data from a myriad of documents such … [Read more...] about Finuit’s Bank Statement Analyzer simplifies processing of MSME Loan Applications
4 AI-Powered Bank Statement Analyzers for MSME Lending
India has over 6.3 milion MSMEs, with an unmet credit gap of 120 billion USD. According to 2024 Trans Union CIBIL report, only 2.5 million MSMEs have access to formal credit. MSMEs have a high demand for loans under 1 Lakh also known as small ticket loans. The lending process for such loans is often mired by traditional credit underwriting processes relying on credit histories … [Read more...] about 4 AI-Powered Bank Statement Analyzers for MSME Lending
Nxcar Leads Auto Fintech Innovation as the First Company to Introduce Loans for Peer-to-Peer Used Car Transactions
Gurgaon-based automotive fintech company, Nxcar, has launched an integrated platform for pre-owned car transactions in India. For the first time, individual customers can access loans, vehicle inspection, valuation, insurance, and RC transfer services, whether they are purchasing second-hand cars from individual sellers, dealers, or classified listings. With 7.2 … [Read more...] about Nxcar Leads Auto Fintech Innovation as the First Company to Introduce Loans for Peer-to-Peer Used Car Transactions