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While India has made its indelible mark as a hub for cultural diversity and rich heritage, not many know that its trading and finance management legacy also dates back to as early as the 1500s. This was the time when Portuguese explorer Pedro Alvares Cabral established trading posts in Calicut and Cochin, taking back spices …

There’s perhaps nothing more liberating than having an enterprise of your own, operating in an industry of your choice and having the autonomy to make key financial decisions. While establishing such an enterprise from scratch has its own trials and triumphs, sustaining it and expanding it with time is another journey an entrepreneur should be …

From going cashless to gaining incredibly useful insights through data, India has progressed leaps and bounds in its FinTech game. And over the years, Maharashtra has emerged as a powerhouse of FinTech, with several banks and financial institutions, as well as start-ups and MSMEs, opting for efficient FinTech apps.  So, with Maharashtra Minister for Industries …

With our resources depleting rapidly and the population expanding, sustainability is the need of the hour. Fortunately, as individuals and businesses realize its importance, more businesses and sectors are considering sustainable practices to contribute to a better world while continuing to earn profits. FinTech is one of these sectors that has contributed to a more …

It’s difficult to envision India’s growth and development without its micro, small, and medium enterprises. Over the years, small and medium-scale industries have integrated with the country’s economy seamlessly, accounting for approximately 45% of the national industrial output and 40% of its exports. But the working capital that MSMEs require often makes it difficult for …

When businesses invest in FinTech or explore strategies to manage their finances better, their ultimate goal is almost always to earn profits and enhance customer experience. But what if all companies also considered their collective responsibility towards the greater good and resolved to look beyond their four walls? With rising awareness of social and environmental …

The more the internet and online world progresses, the more closely it needs to be guarded to prevent fraudulent activity. This is particularly true for FinTech applications, wherein individuals and businesses need to provide highly confidential financial information. In fact, as per the 2023 statistical reports by the National Cybercrime Reporting Portal, a minimum of …

Small and medium-scale businesses typically face several challenges on their paths to success, but have you ever wondered what different industries would look like without the presence of MSMEs? Accounting for 27% of India’s GDP, MSMEs play an indispensable role in our economy’s functioning by increasing employment in a wide range of industries. But as …

Although perfection will always be an idealistic concept, technology has brought us considerably close to achieving it in all spheres of life. Today, almost every industry leverages technology to enhance innovation, increase productivity, and reduce manual effort and time. And the exponentially high number of online transactions is testimony to technology’s utility in the finance …

The supply chain market involves a number of stakeholders, with each being an integral cog in the supply chain wheel. Digitizing supply chain finance management is beneficial to each of these stakeholders, as it facilitates an uninterrupted supply of raw materials and machinery, timely payments, efficient regulation of stakeholder activities by financial institutions, and reduced …

Borrowing money is a highly common practice to fulfill certain financial requirements that one may not be able to meet with one’s regular income and savings. Home loans, vehicle loans, personal loans, and business loans are some common types of loans granted to borrowers, with specific rates of interest, based on various factors. However, for …

From manufacturing and procurement of goods to delivery and return, the supply chain industry performs a host of business functions to supply goods across the globe. However, mundane processes like finance management are typically extremely time consuming for supply chain companies, preventing them from achieving their full potential. Cloud-based digital platforms for supply chain finance …

India’s Micro Small & Medium Enterprises (MSME) sector plays an important role in currently contributing to 29 percent of India’s GDP and 50 percent of exports while employing 110 million people. MSME sector, according to a UK Sinha-led RBI panel report has a total unserved credit market from mainstream lenders of around Rs 20-25 trillion, …