Simplifying ECL Provisioning with ECLLens

There has been a lot of conversations about Banks and NBFCs seeking an extension for the roll-out of the Indian Accounting Standard (Ind-AS). Earlier scheduled to come into effect from April 1, 2018, it has been re-scheduled for April 1, 2019 for Banks. Financial Institutions are seeking extension citing higher capital requirements for bad loan[…]

CreditPotato: Revolutionizing Digital Finance: B2C Credit in the Online World

A few weeks back, a friend, who was setting up his new apartment, was trying to buy furniture online. He implicitly trusted the brand, the products, and the website through which he was trying to buy the products. The transaction, well over Rs. 50000 ($800+), was in the checkout process flow and a “Buy on[…]