In India, Neobanks are digital-only banks with no physical offices that provide a wide range of services not available through traditional banks. They use artificial intelligence and machine learning to provide end-users with personalised and customised financial services while lowering overall operating costs. Smartphone penetration, particularly in India, has increased to 60.63 percent […]
According to the World Bank, the average banked population in low-income countries is 32.6 percent, while the average banked population in high-income economies is 90.5 percent, despite the fact that low-income economies’ GDP per capita is less than 2% of high-income economies’. Even a little increase in financial inclusion can result in an exponential rise […]
Ecosystem be it environment or business, every sector in existence has changed due to technology and innovation and so has changed the Banking sector. Banking sector is the backbone of an economy and for the economy to keep pace with time, technology and innovation it is vital to change. And the latest change that […]