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

Together is better: When banks meet fintechs

Raghavi — Thu, 15 Sep 2022 13:28:56 +0000

When the global economic crisis happened in 2008, there was a sustained narrative of how disruptive and innovative FinTech companies would soon render established banks obsolete. While there has been an undeniable bloom of a variety of extraordinary startups that added tremendous value to the world, the larger picture has been that the old behemoths…

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The World of APIs

Raghu SA — Wed, 22 Jul 2020 11:41:09 +0000

If you are using a travel site to book flight tickets or an entertainment app to book movie tickets or simply making payments through your mobile, you are using APIs- the technical name for programs that help software systems connect with one another and perform tasks by sharing information. Closer to home, a telling example…

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How FinTechs are rewriting underwriting?

Raghu SA — Mon, 22 Jun 2020 11:04:06 +0000

Of the over 2000 FinTechs in India, only 4 find a place in the list of 20 plus Indian unicorns and none of them are in the lending business. There is something about lending that goes beyond technology; one, it requires large capital and continuous fund infusion and two, there is substantial risk which tech…

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RBI takes the digital route with video KYC

Sadhana — Thu, 30 Jan 2020 05:12:37 +0000

Digital revolution is here, and what more of a testament could one ask for than the RBI’s latest announcement. That’s right! RBI’s circular on January 9,2020 was the talk of the town not just among industry professionals in the BFSI segment but across the entire gamut of industrial ecosystem. Let us understand how this remarkable…

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How a Credit Card Processing System works:

sysarcinfomatix — Fri, 16 Aug 2019 08:00:37 +0000

Credit card transaction process might seem very simple wherein a customer swipes the card and a transaction or withdrawal (process) is done. But behind every single process, there are more complex procedures. Earlier, credit cards were processed manually by taking a print of the customer’s credit card information and transmitted through phone or internet. This…

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