Zavron Finserv Leading NBFC | Fintech | India

It has been more than a year since the pandemic struck our country which led to two lockdowns in the nation. Businesses disrupted during this period. Traditional funding sources started to dry up. People started looking for alternatives which could fill up the gap between the demand of liquid cash and its availability. The MSME sector contributes significantly to the country's GDP and this sector saw a big fall after the lockdown commenced. Millions of people lost their jobs, many faced salary cuts and medical expenses rose like never before. During these tough times, fintechs are playing a major role in the revival of the economy by meeting the urgent demand for working capitals, making special support plans and altering the credit score models. Innovative capabilities of fintech companies have transformed the lending business completely and made the credits easily accessible to the people who are using digital technology. They just need to download the app and a few clicks on t

COVID-19 pandemic has proven the established fact again that life is so uncertain. It has caused an unpredictable chaos in everyone’s life. This life threatening disease has spread so rapidly that everyone feels shattered and the economy has crumbled to the knees. Lakhs and crores of people have lost their jobs, others are facing cuts in their salaries and delayed payments, businesses are seeing downfall, rising prices of essentials, educational expenses of children, and if that is not enough, a steep rise in medical expenses seem to have broken us completely. Families are so devastated by the effects of COVID-19 that they are leaving no stone unturned to save the lives of their loved ones. People have spent their life savings, many of them have sold their properties to meet the costs of life saving facilities. Though the curve of the second wave has started coming down, the challenge does not seem to be over yet. Experts are predicting the third wave of the pandemic too. How cruci

Fintech is the combination of two words: Finance and Technology. When the companies providing Financial services use technology they are called Fintech companies . Fintechs have notably revolutionized the field of traditional banking and financing services. Banking systems have seen a significant makeover due to the development of Fintech Applications. In the beginning, technology was being used only in the backend systems. Now, its abundant use can be seen in all the fields of financial services. If we see its use in mobile and online payments, fund management, stocks, etc. we can say that Fintech Applications have a great impact on banking systems in our country and a complete transformation can be seen in the fundamental process. Fintech applications have made digital payments possible, insurance claims can be made sitting at home within almost no time, lending and borrowing processes have become easier and customer friendly. Banks and financial companies are adapting to the cus