21st January 2018
MSME and Mudra NPAs are rising, but a slew of fintechs promise safe lending by using data
One of the winners of the FE Best Banks Award this year, CreditVidya, helps lenders assess risk by using artificial intelligence to analyse various data such as the cash-flow ones. Once this catches on, not only are the fintechs in a position to drive the business to various banks—or away from some—significant chunks of bank lending can go to non-banks.