Lend.In Recognized as the Top Vendor in 'Emerging Category' in the Commercial Loan Origination Report by Aite Group
While Digital Lending itself is becoming big, P2P lending is a strong emerging trend. In this blog, I want to analyze if P2P lending will emerge strong in India? If so then in what form or structure? Who are advantaged to gain initial successes? As per the Reserve Bank of India, Peer to Peer Lending (aka P2P Lending) is a form of crowd-funding used to raise loans which are paid back with interest. Currently, Indian P2P has more than 30 players, and the market size is slated to cross USD 4 Bn to 5 Bn by 2023. The VC activity in the sector is also high with around USD 221 Mn flowing in the last two years. Naturally, RBI issued final guidelines in Oct’17 for P2P Lending in order to better regulated and also make it trustworthy.
Every year in November leading analyst firm Gartner hosts the largest gathering of CxOs at the Gartner Symposium/ITxpo in Goa and this year was no different either. We witnessed some of the Leading Analysts showcase how technology is going to shape up the future of enterprises. The 4-day Symposium was completely based in and around the themes of Artificial Intelligence, APIs and IoT. Here are my top 5 key takeaways from these Keynote sessions and presentations:
With the rapid growth of information technology, the financial services industry has changed significantly in the last decade. The advent of online payment solutions across various devices has resulted in massive online data flow appearing in Information Technology systems, centralising data from multiple domains. The competitive nature of this industry has given an impetus to change technologies that are capable of handling big data and exploit business value from the massive information flow. Every company in the financial sector is trying to make extensive use of technology to offer low-cost solutions to their customers that are easily accessible and simple to use. Thus, huge amount of investments is being made to attract new customers and at the same time retaining the old ones.