Past Webinars

Come and be a part of our exclusive series of live knowledge sharing sessions, where renowned industry experts will lead insightful discussions on the cutting-edge skills and technologies that are revolutionizing the fintech and banking sectors.

Quickly Launch a New Credit Product in this Upcoming New Year

The festive season holds the key to a significant portion of a Financial Institution’s annual revenue, with 40% of income being generated during this vibrant period. It’s an opportunity that you cannot afford to miss.

In our upcoming webinar, “Quickly Launch a New Credit Product in this Upcoming New Year,” on Nov 21 2023 @ 4 PM.

Importance of CKYC in Financial Institutions

In an era where regulatory compliance and customer data protection are paramount, understanding the significance of CKYC in financial institutions has never been more critical.

Join us for an insightful webinar on 8th August 2023 at 4 PM as we delve into the core of secure and credible financial operations with a focus on Central Know Your Customer (CKYC).

Enhancing Customer Experience in Urban Cooperative Banks

During this webinar, esteemed industry influencers & experts will share valuable insights showcasing how UCBs can distinguish themselves by elevating their customer experience. Whether you are a bank executive, manager, or professional working in the cooperative banking sector, this event is specifically tailored to provide you with valuable knowledge and inspiration to drive positive transformation.

Innovations in MSME Credit

MSMEs (Micro, Small and Medium Enterprises) play a crucial role in the growth and development of the Indian economy. And for financial institutions to provide them with credit is essential for any MSME’s success. Over the years, there have been several innovations in MSME credit, such as digital lending platforms, invoice financing, P2P lending, credit scoring models, etc.

Co-Lending by Banks & NBFCs

Co-lending generally entails financial institutions working together to provide borrowers with loan products and services. The co-lending strategy developed by the Reserve Bank of India has promoted risk sharing and made it easier for banks and non-bank lenders to work together. The recent RBI guidelines have also impacted the co-lending model in the Indian financial Ecosystem. Although the concept appears attractive in theory, it faces significant organisational, operational and technical issues.

Email: salesteam@cloudbankin.com
Phone: +91 9344243151

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After smartphone penetration, people are not watching their SMS at all. They use SMS only for OTP related transactions. That’s it.

But What can a Lender see in your SMS after you consent to them?
Lender can see income, expenses, and any other Fixed Obligation like (EMIs/Credit Card).

1) Income – Parameters like Average Salary Credited, Stable Monthly inflows like Rent

2) Expenses – Average monthly debit card transactions, UPI Transactions, Monthly ATM Withdrawal Amount etc

3) Fixed Obligations – Loan payments have been made for the past few months, Credit card transactions.

It also tells the Lender the adverse incidents like
1) Missed Loan payments
2) Cheque bounces
3) Missed Bill Payments like EB, LPG gas bills.
4) POS transaction declines due to insufficient funds.

A massive chunk of data is available in our SMS (more than 700 data points), which helps Lender to make a credit decision.

#lendtech #fintech #manispeaksmoney

An interesting insight on vehicle loans for lenders.

A trend we are seeing today – the first-hand vehicle ownership is decreasing with time. Why? People are upgrading their vehicles in every few years because of technological advances. And, this can be seen more with the millennial generation.

So, what should a lender do in terms of financing?

– Estimating the residual value of the vehicle at the start of the financing period.
– Charging a borrower only for the residual value (which is the difference between the value after a few years and the current value)

Example: A bike currently is INR 1 lakh. You want to buy the vehicle for 2 years. A lender will estimate the residual value of that bike today and what it would be after 2 years. If the estimated residual value = INR 45,000, the lender will charge you only that (say, INR 55,000 with interest for this instance) during your tenure.

At the end of 2-year period, you have 3 choices:
1. Return the bike and upgrade to a new one without going through the struggle of selling it.
2. Pay the lump sum remaining amount to own the vehicle outright.
3. Extend the financing and own it by keep paying the EMIs for the remaining amount of the vehicle for the next 12 or 18 months.

Benefits for the borrowers?

– Flexibility to use a vehicle and upgrade to a new one.
– Affordability to not pay for the complete value of the vehicle with the intention to use for a lesser amount of time.
– Convenience in owning the vehicle.

Say goodbye to the old lending option and embrace the new way of financing for vehicle by lenders!

#vehiclefinancing #vehicleloan #lending #manispeaksmoney

How many of us know this?

1) Tiktok does Lending ( is it an entertainment company or social media company or a fintech company?
2) Youtube China does Lending
3) Top 100 internet companies in China(no matter what business they are in) do Lending

The team which was heading Lending in Tiktok was the Advertisement team. If we do Ads, we do X no of revenue. But if we do lending, we’ll get X+30% more revenue. This is on the same Ad spot.

Ad team has transformed into a lending team, and in today’s world, it’s possible because the subject matter expertise can be put in as an API and given to you.

Embedded Lending as a service is becoming popular in India too, and I am happy to be part of this ecosystem.

#lendtech #fintech #tiktok #manispeaksmoney

In India, has everybody access to loans?

The answer is No. Only the top 10 crore people have access to many credit products in India. Almost all Banks focus on this market.

Once you go beyond that, the credit access rate has dropped significantly due to multiple factors.
1) Customers who are having low income(30-40K per month)
2) Not earning from an employer who belongs to Category A or B
3) Not from Tier 1 or 2 cities

NBFCs and Fintechs focus on the above segment, pushing another 10 crores of people.

But in India, 70 crores more people are formally or informally employed, which still needs to be tapped.

#manispeaksmoney #digitallending