As RBI is steadily moving towards bringing NBFCs in line with regular banking institutions, NBFCs around the country are buckling up their shoes to get ready for the marathon.

Yes, it is a marathon – A slow and steady approach that can be unique for every other digital lending institution, without a well-laid down playbook.

The technology room at NBFC’s sees a paradigm shift because of this slew of regulatory updates. Most importantly lenders have opened up themselves to the potential of attracting millennials into their platform.

Lenders are looking at various aspects of customer acquisition, customer service, banking operations, risk management, and corporate and the impact of ever-evolving technology in each of these aspects.

We at South Indian Credits view this in a multi-faceted approach – Yes, embracing high-end technology is important, but we do have a diligent duty to hand-hold our valued customers – current and prospective to navigate through this fast-moving space while achieving superior customer experience.

This approach is grounded on the philosophy that a user in our platform should be well aware of the cyber security threat possibilities and mitigation steps. A high-level understanding of financial technologies enabled by AI, Data Analytics, IoT, and Cyber Security aspects would help our customers a long way in managing their finances/investments. We at South Indian Credits see it as a pivotal part of serving the financially disenfranchised.

Going ahead, we would be publishing reading notes/opinion pieces on technology developments or current technology infrastructure at banking institutions with the above-mentioned goal.

Contact South Indian Credits for assistance

In case you have some queries or would love to know we use proprietary technology tools to build high-end financial products, do reach out to us

@Mahesh PS. 9605108956