The Evolution of Co-lending
Co-lending has significantly evolved over the years, revolutionizing the way financial institutions collaborate to fund projects and businesses. Understanding the roots and importance of co-lending is crucial to understanding its current impact on the financial sector. Co-lending plays a fundamental role in promoting financial inclusion by providing access to capital for individuals and businesses that may […]
Transforming the Way we Work- Scrum, Waterfall or just Go “Agile” – Part II
(contd. from part I…..)Transforming from Waterfall or hybrid to Agile is a significant shift in project management methodology, but it can be capitalized on with careful planning and execution. It can also bring significant benefits to an organization, such as increased flexibility, faster time-to-market, improved collaboration, and adaptability to changing requirements. It’s important to note that […]
Transforming the Way we Work- Scrum, Waterfall or just Go “Agile” – Part I
In today’s ever-evolving business landscape, organizations are constantly seeking ways to adapt, collaborate efficiently, and deliver high-quality results. This pursuit has led to the emergence of various project management methodologies, each offering a unique approach to tackle complex tasks and achieve desired outcomes. Two widely recognized methodologies, Scrum and Waterfall, have long dominated the project management […]
Mr. Siva Kumar, CEO Asia – Interview with CEO Insights
Craft Silicon- a technology service provider for financial institutions serving over 300 organizations spanned across more than 30 countries. Along with the growth, the company has maintained an employee friendly work culture that led to being certified as ‘Great Place to Work’. Siva Kumar, CEO of Craft Silicon Asia, with his astute business acumen and […]
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 […]
Technology – Abetting Women Leadership
Women from every stratum without any identity margin are self-calibrating to be business leaders, enabling them to demonstrate their business attributes without the prerequisite of academia or experience. Women are confidently soaring broadening their horizons by taking crucial financial decisions for themselves and their families beyond the kitchen. My spotlight is on the rural women […]
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 […]
RBI Moratorium Circular – Challenges, Solutions & Learnings
As the pandemic relief, RBI introduced the loan moratorium from 1st March 2020 to 31st Aug 2020 to help businesses and individuals. Interest on the loans will keep getting accrued, but a borrower will not be tagged as a defaulter for non-payment. “All Urban Cooperative Banks/ State SCoperative Banks/ District Cooperative Banks, All All India […]