Mobile Solutions To Accelerate Financial Inclusion

Mobile Solutions to accelerate Financial Inclusion : Microfinance is an industry that bridges the gap of economic inequality by lending loans to the unbanked/underbanked that benefit them in building their assets, creating new business opportunities and having a sustainable lifestyle. Being a guardian angel of the economically challenged, Microfinance fosters financial inclusion to alleviate poverty in India. Furthermore, Internet and mobile […]

Aadhaar Paperless e-KYC for Borrower Onboarding

Paperless e-KYC (Know Your Customer) is presented by UIDAI to enforce inclusion, privacy & security. It will allow Aadhaar number holders to voluntarily utilize their cards to confirm their identification in a paperless and digital manner. RBI has decided to invite applications from NBFCs, Payment System Providers and Payment System Participants to obtain digital Aadhaar […]

Analytics for Financial Inclusion in Microfinance Sector

Analytics for Financial Inclusion Data is the new oil and data-driven insights are the helping hand of modern-day businesses. Financial services are no exception, robust development in technology, new entrants, mobile phone penetration are redefining the whole landscape. Microfinance sector amounts to a huge number of client accounts and is the center for unstructured, web […]

Loan Origination for Microfinance

GLOW – Group Loan Origination India witnessed a shift in the microlending landscape in the last decade. Approx. 60 million women across the nation have a massive outstanding loan portfolio of INR 2,59,377 crore in March 2021, says a report (Micrometer by MFIN) . To meet the evolving consumer demands, the industry has transformed their entire […]