Analytics is a technology that helps all industries, including banking and finance, to support data-driven decisions i.e. to use the power of factual data for effective decision making. They act as a catalyst to support business acumen, particularly in the world of banking, for the industry has the richest amount of customer data. Also, banks…
Financial inclusion (FI) in India was introduced in the year 2005 by RBI, highlighting its importance and role in the Annual Policy Statement. The concept of this model was to reach out to the under-banked and unbanked population in India while serving them with the basic amenities in banking. Considering a major population that remains…
The significance of Big Data has grown to an extent that overlooking it is no more affordable in the banking industry. The digital transformation in banking has become a way of life with modern customers demanding convenient ways of banking and the incompetency of legacy systems to meet up with these new expectations. However, with…
Non-banking financial companies (NBFC) are companies registered under the Companies Act, 1956. They are responsible for providing financial services but are not regulated by a national or international governing body and do not hold a full-fledged license for conducting operations. The financial services offered by NBFCs include disbursement of loans and advances, acquisition of stocks,…