Financial inclusion is taking a step ahead with more fintech players using technology and big data to help smaller borrowers with zero digital footprint and no documentation gain access to formal channels of banking. Technology and data analytics have been put to good use by many fintech players …
Tag: Sameer Segal
Digital Transformation enabling credit facilitation for the small borrower| Sameer Segal, Co-Founder & CEO, Artoo
Micro, Small and Medium Enterprises (MSMEs) is a heterogeneous segment, where 96% lack access to formal finance. They operate entirely in cash, resulting in an almost non-existent digital footprint. Most borrowers in this segment are first-time loan applicants with limited financial literacy. Lac…
Artoo makes it easier to lend to small businesses
Mumbai, October 17:Capturing reliable data about small and micro business borrowers at the field level has often proved a big challenge for lenders. The process is generally manual, lengthy, paper-oriented, prone to errors at the primary stage and again, at the data entry point at the back office…