Fruits of Technology: Reach 10X, Speed 10X
Banking Frontiers|May 2023
Digitization in Svatantra Microfin has enabled true financial inclusion i.e., savings, credit, insurance, investment in respect of over 4 mn women borrowers in deep rural India:
Fruits of Technology: Reach 10X, Speed 10X

Ananya Birla proudly states that Svatantra Microfin is 100% paperless thanks to loan origination system, mobile app and e-signatures

Svatantra Microfin has emerged as one of the most differentiated process microfinance S and and technology driven entities. It is one of India's fastest growing MFIs, serving rural women customers. It provides complete and affordable financial and non-financial solutions to rural women, who are entrepreneurs themselves.

DIGITAL PENETRATION

Svatantra Microfin's tech-effort is reflected in its day to day working. The business team for a long time would carry prints of the loan applications and take wet signatures of customers on these forms. In the past, where Svatantra reached 10,000 rural women customers per month, now it reaches at least 100,000 per month. The process, which used to take 12 days, has reduced to one day, impacting the rate of financial inclusion, which has gone up 10X.

Bu hikaye Banking Frontiers dergisinin May 2023 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Banking Frontiers dergisinin May 2023 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

BANKING FRONTIERS DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Finance gears up for festivities
Banking Frontiers

Finance gears up for festivities

BFSI companies are charging their online and omnichannel strategies with personalized festive deals this season:

time-read
4 dak  |
October 2024
Non-cash transactions can touch a phenomenal level by 2028
Banking Frontiers

Non-cash transactions can touch a phenomenal level by 2028

Capgemini Research Institute’s World Payments Report 2025 highlights the era of account-to-account an instant payments:

time-read
3 dak  |
October 2024
The Confluence of Artificial Intelligence and Cybersecurity: AI as the Game Changer
Banking Frontiers

The Confluence of Artificial Intelligence and Cybersecurity: AI as the Game Changer

In an increasingly interconnected world, safeguarding our digital assets has become paramount. Enter the dynamic duo: Cyber security and Artificial Intelligence (AI).

time-read
3 dak  |
October 2024
A new trinity in digital lending space
Banking Frontiers

A new trinity in digital lending space

Three platforms in the lending space are poised to change the way lenders offer credit and borrowers access funds in India:

time-read
4 dak  |
October 2024
Finance gears up for festivities
Banking Frontiers

Finance gears up for festivities

BFSI companies are charging their online and omnichannel strategies with personalized festive deals this season:

time-read
4 dak  |
October 2024
Small MFI, International Engagements
Banking Frontiers

Small MFI, International Engagements

Mitrata Inclusive Financial Services in the midst of transformation growth

time-read
3 dak  |
October 2024
MFIs: Big Impact Big Changes,
Banking Frontiers

MFIs: Big Impact Big Changes,

Even as MFIs are fueling economic growth for the underprivileged, what is interesting is that they are transforming themselves in areas like HR, technology, funding, leadership, collections, and more. Banking Frontiers presents the initiatives and initiatives at 9 such organizations:

time-read
3 dak  |
October 2024
Climate Risk Forum for CROS
Banking Frontiers

Climate Risk Forum for CROS

Excerpts from a discussion on shaping the future of climate change resilience in India:

time-read
3 dak  |
October 2024
Seamless Supply Chain Finance
Banking Frontiers

Seamless Supply Chain Finance

Deep insights emerge from this fireside chat at NBFC's Tomorrow Conclave.

time-read
6 dak  |
October 2024
Star Health sees strong demand from the IT sector
Banking Frontiers

Star Health sees strong demand from the IT sector

Biju Menon, Chief Business Officer at Star Health Insurance, looks at the evolution of employee health insurance from multiple perspectives:

time-read
4 dak  |
October 2024