Lend.In Recognized as the Top Vendor in 'Emerging Category' in the Commercial Loan Origination Report by Aite Group
In 2017 Google’s payment app Tez was rebranded as Google Pay. Tez was Google’s UPI platform for money transfer and from its launch in September 2016, in a single year there have been 55 million downloads on playstore, with 22 million active users and 750 million transactions with annual run rate of with $30 billion. With such an astounding success rate for a payment app, one will wonder if there was a real need for rebranding unless there was something new to offer. The answer to that is loans. Google had partnered with banks to disburse pre-approved loans on the Google Pay platform. While the current partners are private sector banks such as HDFC, Kotak Mahindra, ICICI, and Federal Bank, it is unknown whether Google will extend this partnership to NBFCs as well.
The “Digital Lending” report serves as a primer for anyone wanting to gain insights on the present scenario of digital lending in India which has magnified in the recent years, both in terms of the number of new age fintech startups and the emerging technologies leveraged.
The ‘Global FinTech Use Cases in Financial services’ report serves as a primer for anyone wanting to gain insights on the collaboration happening in between banks and suppliers in the technology space. The report helps in gaining an overview of the emerging technologies such as Artificial Intelligence, Automation, Blockchain, Big Data, Cloud, Cybersecurity and Open Banking that are being deployed in the global banking industry.
The IBSI Report explores the opportunities AI presents in banking, investment trends, different use cases banks could employ AI for, snapshots of select suppliers with AI-powered offerings, as well as case studies on successful implementations. The endeavour of the Applications of Artificial Intelligence in Banking Report is to become a ready reckoner for any bank looking to explore use cases for AI, and get insights on how their peers are approaching the same.
Why are E-commerce category leaders venturing into lending?
IBS Intelligence: Digital Lending Landscape in India 2020
IBS Intelligence: Global FinTech Use Cases in Financial Services Report 2020
IBS Intelligence: Applications of Artificial Intelligence in Banking 2020