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
Finance
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
Liferay and InfoAxon Join Forces to Drive Digital Transformation for Reliance General Insurance (RGI)
Liferay and InfoAxon are thrilled to announce their strategic partnership aimed at driving digital transformation for Reliance General Insurance (RGI). Together, we are set to revolutionize RGI’s digital landscape and deliver innovative digital journeys to its prospects and customers. In collaboration with RGI, Liferay DXP, a leading Digital Experience Platform, and … [Read more...] about Liferay and InfoAxon Join Forces to Drive Digital Transformation for Reliance General Insurance (RGI)
NKGSB Co-operative Bank to have a new Corporate Building at MIDC Andheri ( E )
Seen in the photograph H. H. Shreemad Shivanand Saraswati, Peethadish Kavale Math, Chairperson CA Himangee Nadkarni, Vice Chairman CA Shantesh Warty, Members of the Board of Directors & Board of Management, Senior Executives of the Bank and other dignitaries. NKGSB Co-op Bank having a legacy of 106 years is a leading Multi-State Scheduled Co-operative Bank in India. The … [Read more...] about NKGSB Co-operative Bank to have a new Corporate Building at MIDC Andheri ( E )
Forex swap: what it is, how it is calculated, and what are swap-free accounts in Octa
One of the most misunderstood terms in Forex trading is swap or Forex swap. To trade successfully, you should understand what Forex swap depends on and how it is calculated. This article describes what a Forex swap is, explains its mechanics, and describes swap-free trading accounts. What is a Forex swap? Swap is a commission charged for carrying open positions … [Read more...] about Forex swap: what it is, how it is calculated, and what are swap-free accounts in Octa