AI and ML – On Paving the Future of Lending

Financial inclusion is one of the cornerstones of why NBFCs are a must in India. Why? Well, in spite of the considerable number of national, state and regional banks, a large chunk of our 135.26 crore citizens continue to be left out of their ledgers. The reasons for this are manyfold ranging from a lack…

Why We Say Aye To Customer Care!

Aye Finance’s mission statement is “to provide innovative and customer-centered financial services to micro and small businesses through our knowledgeable team, effective technology, and robust processes, to power their growth into new-age India.” At Aye Finance, maintaining customer satisfaction, and by extension, their loyalty has always been the focal point of all our policies and…

Digital Payments – Tier 3 Towns Aren’t Far Behind

Historically speaking, micro-entrepreneurs, several of whom are based in Tier 3 cities and beyond have not been an area of focus for the organised financial sector of the country. Consequently, the people residing in these cities have a general distrust of banks – which in part can be blamed on banks and in part can…

Mauke pe Chauka! : Sohan Lal’s journey

Every entrepreneur across the board faces one common challenge; “scaling-up”. Sohan Lal was no different. A massive surge in the number of MSMEs in recent years has meant intense competition. Business owners are always trying to figure out newer and up-to-date methods to ensure growth. Needless to say, internet and scalability have started to go…

Top 5 Technologies for MSME Lending in 2019

From the telephone to the internet, from legacy software to artificial intelligence, the finance sector has continued to advance with the latest technologies. Fintech today is focused on helping micro and small entrepreneurs across the world grow by providing them access to  capital more easily and with a quick turn-around time. Out of all the…