Zavron Finserv Leading NBFC | Fintech | India

  2021 is the year of rebuilding and innovation. 2020 has made us realize the flaws in our system. The process that we deemed impenetrable proved to be as delicate as they come. One of the sectors that have been dramatically affected by the pandemic is the Financial Technology sector.    Financial Technology, more commonly known as Fintech is the use of Technology in the Financial Industry to make the process swifter, more user-friendly, much easily available to a broader consumer base. Features like Online Banking, Online Credit, UPI Money Transfer, Online Consumer KYC, Mobile Trading, Cryptocurrency are some of the features that have revolutionized the Fintech Sector.    2021 promises even more exciting trends as it settles here. Let’s look at some of the major Fintech trends to look for in 2021. But before that, let’s do a quick recap of the year Fintech year 2020. Fintech in 2020 2020 will go down in history as the year of the pandemic, but there is so much more to the year

The future of the world is encrypted in 1s and 0s. Either everything has gone digital or they are in the process of it. Finance and Banking is one such space where digitization has had a massive impact.   Not only has the Digital boom in Finance made us avoid the plethora of red taping that comes with offline bureaucracy, but it has also opened unexplored avenues for bankers and customers alike to grow their businesses.   We will be studying the impact of Digitization on Financial products and how it has affected the course of Marketing. Firstly, we will begin by understanding the term Digital Only Financial Products. Later we will move on to their impact on our lives. Also, we will try to predict the future based on the current scenario. Let’s go. What Are Digital Only Financial Products? Digital Only Financial Products and services are something that exists in your smart phones. They provide all the services, even more in some cases, that traditional banking and financial products pr

A credit report is the summary of your credit transactions from the past and present. Therefore, having a check at your report regularly helps in identifying any faults or discrepancies that can affect the overall credit score. A good credit score is a testimony of your good financial health, thus making the borrower eligible for the best offers on instant personal loan and credit cards.   With various credit options available with borrowers these days, there is a higher possibility that they make a few credit mistakes. The facilities like quick personal loans disbursal, minimal documentation, flexibility in payment tenure, etc. are favorable for customers, however, while applying for a loan, the borrower might fail to pay attention to some of the critical aspects associated with it, calling in rejection of their loan application. Before we dive into the mistakes that can affect your credit report we would like to present a fact that you might not be aware of. If you are looking

Better and efficient lending demands a proper, error-free credit assessment. The credit assessment depends on a number of factors including the type of loan , credit score, financial health, repayment capacity and documentation. All of this requires a close look and an error-free procedure for further acceleration. Over the years, the traditional credit scoring has seen a shift and lenders are turning to technology to automate their processes and its related decisions. With consumers expecting the credit evaluation and loan application process in real time, fintech and banks turned to digitization. In this article, we will have a close look at what is credit assessment and how it has changed over the years in contrast to traditional credit assessment process. What is credit assessment? Credit assessment or credit analysis as it is popularly known is a method to check the creditworthiness of the borrower (an individual or a company). This process involves the overall assessment o

Digital Credit System is taking on the credit and lending ecosystem by the storm. There has been a surge of startups and enterprises working across the nations to make the credit system smooth and efficient for its consumers. The response to digitalization of the credit ecosystem has been unprecedented too. Consumers are shedding old practices and getting into the new habit of registering, applying, uploading documents and waiting on approval for their Instant Personal loan through their laptops and smart-phones. These efficient processes have been only possible by the never-ending evolution of Fintech that innovate using technologies such as cloud services, Artificial intelligence and Machine Learning.   As the fintechs deal with sensitive financial data of its consumers on a daily basis, the concern around its safety and security becomes imperative. We will discuss the methods fintech uses to secure credit and financial information of its consumers while delivering their ace servi

  The  Instant personal loan  provider business as a unit is advancing at each level. The Indian Fintech area has gotten one of the vital participants in the worldwide market. An ongoing report by Research and Market in March 2020 shows that India, close by China, were on top for the most elevated fintech reception pace of 87%, out of the multitude of different business sectors on the planet. As the Fintech world experiences reorganization, we have recorded down 5 key patterns that are probably going to shape the route forward for the fintech business: Shopper Education As an ever-increasing number of clients jump on the digital board, fintech should give close consideration to building trust and customer commitment. This will be basic in making a spot arrive at the highest point of the opposition. Here, correspondence incorporates giving shopper’s standard updates, sharing away from about the difference in approach, obliging client support, etc. Big Data and Blockchain The one

Most businesses around the globe are suffering significantly in the aftermath of Covid-19, however, a few sectors have had a disproportionate impact, out of which lending is one. For the lending sector and for fintech lending specifically, with several fintech start-ups folding-up, the adverse impact is expected to last for a few years. Since the current events are unprecedented, assessing future cash flows of individuals and businesses will not be easy and short-term loans will pose significant risk. Loan demand will rise with loss of revenues for businesses and job loss for individuals, hence, the main issue for the sector will be how to underwrite the leads in an effective manner. Collections, including capital deployed and interests accrued, will be under tremendous pressure which in turn will severely reduce cash flows, leading to very less or no money to pay salaries, bills or make new loan disbursements. People who have lost earning opportunities, including contract workers, oth