Tech Upgrades – 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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OCEN and digital lending: a revolution waiting on the anvil

Raghavi — Tue, 10 Jan 2023 06:37:56 +0000

The newest kid on the block of digital lending and financing is the OCEN, or the Open Credit Enablement Network. Announced by Nandan Nilekani, cfounding architect of Aadhaar and co-founder and non-executive chairman of Infosys, this is the newest initiative to help bring credit to the ones who need it the most. OCEN promises the…

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Data privacy in the financial sector

Raghavi — Mon, 08 Aug 2022 12:53:52 +0000

Arguing that you don’t care about the right to privacy because you have nothing to hide is no different than saying you don’t care about free speech because you have nothing to say. Edward Snowden In the early twentieth century, oil was the world’s most valuable resource. It powered machines, cars, homes. Oil—petrol, diesel… powered…

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Tech companies and the money foray

Raghavi — Wed, 17 Nov 2021 12:19:38 +0000

The growing indispensability of technology companies in the financial industry Global technology giant Google announced that it is entering the banking industry in collaboration with six partner banks to offer current accounts to US-based customers. The impressive list of banks were Citigroup, Stanford Federal Credit Union, Bank Mobile, BBVA USA, BMO Harris, Coastal Community Bank,…

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Why banks must warm up to APIs?

Raghu SA — Wed, 21 Oct 2020 13:24:47 +0000

After enough has been written about the benefits of using APIs for banks, only one pertinent question remains: It now boils down to ‘When rather than Whether’ for API adoption by banks. In that pursuit, the biggest challenge seems to be – ‘how to monetize our API efforts?’ The simple answer is to figure out…

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Use of APIs across various industries

Raghavi — Tue, 30 Jun 2020 13:30:03 +0000

“We have to stop optimizing for programmers and start optimizing for users. — Jeff Atwood Just a decade ago, the term API would have sounded foreign to anyone not directly involved with software development. Application Programming Interface—just the abbreviation is a mouthful. But in 2020, and more in the years to come, this term is…

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Digital Mortgage Lending

Raghu SA — Mon, 24 Feb 2020 06:06:21 +0000

There are over 500 alternative lenders in India, next in volume only to payments players. While they may have filled the space left vacant by banks and NBFCs in SME financing especially, a surprising fact is that there are very few of them doing mortgage finance. Even globally, such as in the US where mortgage…

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