Open Banking – SysArc Infomatix: Digital lending platform offering automation, digitization, and access to FinTech services

ULI: Simplifying Lending, Empowering Growth!

sysarcinfomatix — Thu, 05 Dec 2024 13:15:54 +0000

The Unified Lending Interface (ULI) is representing a transformative step in India’s journey toward streamlining financial inclusion and credit accessibility. Building on the foundation of the country’s Digital Public Infrastructure (DPI), ULI is addressing the longstanding challenge of fragmented data access faced by lenders. Key Highlights of ULI Streamlining Data Access ULI is providing lenders…

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India’s Neobanks

Raghavi — Sat, 05 Nov 2022 04:51:36 +0000

The world of FinTech was already undergoing a transformation, even before the Covid-19 pandemic struck. The unprecedented lockdown situation only precipitated the transformation. The digital revolution so far has enabled large scale integrations through APIs to enable a range of services to the customer, be it food ordering, ecommerce, or investments. Though the adoption for…

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Account Aggregators-not quite there yet

Raghu SA — Fri, 25 Feb 2022 05:32:25 +0000

2016: RBI approves a new class of non-banking financial companies to function as Account Aggregators (AA) to extract, aggregate, and transfer financial data with the express consent of users. 2019: Personal Data Protection Bill 2019 (PDPB) introduced in the Indian parliament to provide the legal backbone for AAs. 2020: PDPB yet to come into force,…

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The rise of Embedded Finance

Raghu SA — Thu, 13 Jan 2022 12:45:30 +0000

Though embedded finance is gaining headspace today, it is not a new concept. The traction is due to the recent spike in interest shown by venture capitalists, private equity investors and fintech companies. The changing attitude among banking customers, even among the old, who are now willing to look at non-banking finance, added to the…

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The UPI Revolution

Raghavi — Tue, 15 Jun 2021 15:28:46 +0000

Innovations of yesterday and conveniences of today, and building blocks of more innovations for tomorrow. Today, thanks to the popularization, acceptance, and availability of UPI-based peer-to-peer payments, the world has become a near-cashless place. During the panic-ridden demonetization phase, or during the extraordinary lock-down situation during the Covid-19 pandemic, UPI-based products and services were a…

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