Digital Lending Market, By Offering (Solutions and Services), By Deployment Mode (Cloud and On-Premises), By End user (Banks, Credit Unions, NBFCs), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Published In : May 2024

Code : CMI5373

Pages :165

Formats :

Excel and PDF

Industry : Smart Technologies

Key Developments

In August 2023, The Reserve Bank of India (RBI) announced its plans to launch a new pilot project for digital lending on a public technology platform aimed at providing 'frictionless credit.' The platform is being developed by the Reserve Bank Innovation Hub (RBIH), a subsidiary owned solely by the central bank.
In August 2023, Biz2X, a leading digital lending software-as-a-service (SaaS) platform under Biz2Credit, partnered with TruBoard, a prominent company specializing in asset performance management through the Maadhyam platform. The partnership aims to tackle the growing concern of Non-Performing Assets (NPAs) in retail and small business loans. It enables Maadhyam customers to manage their portfolios more efficiently, significantly reducing NPAs and promoting greater financial inclusion for small and medium-sized enterprises (SMEs).
In July 2021, Newgen Software introduced its latest digital transformation platform called NewgenONE. This platform helps to manage unorganized data and improves interactions with customers.
In June 2021, TPBank of Vietnam teamed up with Nucleus Software to improve its digital commerce. With the help of FinnOne Neo, TPBank could offer instant digital loans, making processes more efficient and enhancing credit evaluations.