Digital Lenders Association of India

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Credit history shouldn’t be viewed as sensitive data, say digital lenders.Only bank account numbers, passwords, ATM PINs need to be protected as sensitive personal data, lenders said.

 

Simpler KYC may not make life easier for NBFCs. Govt’s move on customer onboarding through Aadhaar may not bring down costs on physical verification for shadow banks.

 

More Than 250 Indian and International Fintech Firms Participate in the 3rd Edition of Digital Lending Association of India Conclave 2019

 

UPI Product Statistics

 

The Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades.

 

RBI BULLETIN

 

There are between 55 and 60 million micro, small, and medium-size enterprises (MSMEs) operating in India today, which are leading contributors to the nation’s employment and gross domestic product (GDP). Yet this contribution remains well below its potential. A significant barrier to growth has been the lack of access to formal credit—

 

MUMBAI: The fintech industry wants the Reserve Bank of India (RBI) to make the proposed regulatory sandbox more inclusive and provide greater operational clarity for startups using the mechanism to help drive innovation in the payments landscape.

 

The key to attaining New Delhi’s objective of an all-inclusive cashless economy may lie in making adequate investments in digital infrastructure and creating a regulatory regime that helps underpin the expansion of fintech companies.

 

MSME lending landscape is now shifting, with formalisation and digitisation driving the market towards disruption. Digital lenders, in partnership with traditional lenders, are solving the major challenges in providing credit through managed cost levers.

 

How digital lending has the potential to unlock the underserved MSME segment MSME lending landscape is now shifting, with formalisation and digitisation driving the market towards disruption. Digital lenders, in partnership with traditional lenders, are solving the major challenges in providing credit through managed cost levers…

 

After RBI, insurance and market regulators aim to set up virtual testing grounds for fin-tech

 

The Reserve Bank of India (RBI) has left out cryptocurrency from its draft guidelines for a regulatory sandbox aimed at fostering innovation in the fintech segment. The regulatory sandbox, which allows fintech startups to test innovative products as part of a cohort for up to six months, makes no mention of trading or investing…

 

The fintech firms have now formed an industrial body, Digital Lenders Association of India, that has laid down a general code of conduct for its members, which is likely to ensure more transparency in this nascent sector. “It’s also to highlight any of the challenges we face and (if we) need ecosystem or government help.

 
 

Access to more funding sources, leveraging the government processes to push up demand, easing out online application processes and ensuring free flow of data are few of the major recommendations that have gone out from the Digital Lenders’ Association of India, the industry body for online lending players in the country.

 
 
 
 
 

An industry association of digital lenders has asked the government to ease financing norms for them by lowering the pre-securitisation holding period and allowing a higher spread over refinancing rates for non-banking financial companies (NBFCs) under the Micro Units Development & Refinance Agency (MUDRA) scheme.

 
 
 

The Digital Lenders Association of India (DLAI), an industry body consisting of online lenders and non-banking financial companies (NBFCs), said that to underwrite loans efficiently, they require additional access to user data from telecom and banking sector, and data from GST return filings, in recommendations to the finance ministry.

 
 
Headline – DLAI Fintech Conference in Mumbai Publication– Sakal Edition– Mumbai, Thane, Navi Mumbai Date– 2nd May 2018 Page– 09  
 
Headline – DLAI Fintech Conference in Mumbai Publication– Lokmat Edition– Mumbai, Thane, Navi Mumbai Date– 2nd May 2018 Page– 08  
 
Headline – DLAI Fintech Conference in Mumbai Publication– Navshakti Edition– Mumbai, Thane, Navi Mumbai Date– 2nd May 2018 Page– 12  
 
 
Headline – DLAI Fintech Conference in Mumbai Publication– Punyanagari Edition– Mumbai, Thane, Navi Mumbai Date– 2nd May 2018 Page– 05  
 
Headline – DLAI Fintech Conference in Mumbai Publication– Janshakti Edition– Mumbai, Thane, Navi Mumbai Date– 1st May 2018 Page– 03  
 
 
Headline – DLAI Fintech Conference in Mumbai Publication– Navrashtra Edition– Mumbai, Thane, Navi Mumbai Date– 1st May 2018 Page– 07  
 
Headline – DLAI Fintech Conference in Mumbai Publication– Pratahkal Edition– Mumbai, Thane, Navi Mumbai Date– 1st May 2018 Page– 07  
 
 
Headline – DLAI Fintech Conference in Mumbai Publication– Pahala Samachar Edition– Mumbai, Thane, Navi Mumbai Date– 1st May 2018 Page– 08  
 
 
Headline – DLAI Fintech Conference in Mumbai Publication– Do Baje Dophar Edition– Mumbai, Thane, Navi Mumbai Date– 1st May 2018 Page– 02  
 
 

Dlai In Media