With More Options And More Data, The Future Is Bright

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Bernardo Martinez is the Vice President of Global Merchant Lending at PayPal, leading the company’s merchant lending strategy.

Despite the clear impact small businesses have on the global economy, small-business lending has been a challenge for traditional institutions due to a variety of reasons. This has led to a challenging, frustrating experience for small businesses, resulting in the traditional loan application process taking an average of 26 hours, according to a 2013 Federal Reserve survey. A 2021 Federal Reserve small-business survey found that 23% of businesses that applied for financing did not receive the full amount they

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Zee Exclusive: Do’s and Don’ts of applying for loans on digital platforms | Personal Finance News

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The digitisation of lending services has brought about its fair share of debates. While the entire borrower journey has moved online, the former is also susceptible to rising fraudulent cases today. Hence the borrowers must exercise caution and vigilance while opting for a loan via a digital lending platform.

Check out some important do’s and don’ts that one must consider before applying for a loan on a digital lending platform. (Also read– Zee Exclusive: Borrowing from loan apps; know how to identify genuine fintech lenders)

Do’s of applying for loans on digital platforms

Be thorough with your research

Before applying

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A winning combination | CUNA News

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As credit unions advance toward their own unique digital transformations, they often find that having access to more electronic data about the members they serve offers significant benefits.

These benefits are enabled by the combination of technologies that are now possible in a fully digital environment. A significant example: marketing automation combined with business intelligence (BI) platforms make leading mortgage lenders much more competitive than their peers.

Home finance divisions in institutions of all kinds were the first to fully embrace the path to digital. With so much data required to underwrite mortgages, it makes sense that leading lenders would

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Global Trends That Will Affect Digital Lending And Payments In India

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6 min read

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In the past decade, data and technology have been the driving forces in the lending and payments industry across the globe. The Indian market has shown a remarkable acceptance of this technology, being heralded as the pioneers of the tech-based lending and seamless payments with the strong UPI backbone. It comes now with a challenge to keep this momentum going by relentlessly improving the overall experience of the end users. According to a report, India will

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ANALYSIS-As AI-based loan apps boom in India, some borrowers miss out

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* Digital lending in India seen reaching $1 trillion in 2023

* Credit algorithms hinder women, the poor, analysts say

* Central bank draws up rules for fast-growing sector

June 9 (Thomson Reuters Foundation) – As the founder of a consumer rights non-profit in India, Karnav Shah is used to seeing sharp practices and disgruntled customers. But even he has been surprised by the sheer volume of complaints against digital lenders in recent years.

While most of the grievances are about unauthorised lending platforms misusing borrowers’ data or harassing them for missed payments, others

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