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Most small and medium-sized businesses traditionally use the cash in their bank accounts to handle corporate transactions. This approach forced them to walk a tightrope between managing cash flow and taking care of business expenses. Unlike their larger counterparts, these businesses lacked access to credit lines or funding to keep the lights on without touching…
Tag: Fintech Company
The Impact Of FinTech Companies On Improving Spend Management Practices
For a long time, companies have been managing their account payables and receivables through manual processes involving a lot of paperwork. Although some large organizations relied on enterprise solutions to manage their spending across departments, it was different for small and medium-sized businesses. You see, these enterprise solutions were expensive and clunky requiring dedicated resources…
5 Fintech Trends in 2022, You Need to Know!
While 2021 was a year of unprecedented disruption, 2022 is a year of remarkable adaptation and metamorphosis. As opportunities open up in the fintech industry, some trends continue into 2022 and may drive the financial services industry forward. THE RISE OF INDIAN FINTECH: According to Affle’s MAAS, India’s fintech sector will reach a market size…
What Makes Fintech Companies Different from Banks, and How Do They Operate?
Emerging technologies have made considerable progress in introducing newer innovations in the banking industry. For example, the internet has drastically changed the banking industry, leading to streamlined user interactions. At the same time, the development of online businesses was laying the groundwork for non-banking online-payment solutions. Fintech companies in India have seized the opportunity and…
