Tag: Embedded
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Unlocking Embedded Finance: Strategies for SMB Platforms
Precision banking is slated to be the future of financial services, according to McKinsey. The consultancy says in its annual ‘Global Banking Review’ that embedded finance is disrupting the traditional relationship banks have with customers, undoing loyalty and promoting faster mobile payments through third-parties, not financial institutions. That may not be excellent news for traditional…
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Understanding the Bias Embedded in Artificial Intelligence
Artificial Intelligence was once hailed as the dawn of impartiality, a tool capable of removing human prejudice from decision-making. From global corporations to national policies, AI promised to bring logic where emotion once ruled. However, today, minor and major decisions are made by machines, and increasingly, algorithms decide who gets the loan, gets promoted, and…
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Revolutionizing Borrowing: The Impact of Embedded Finance and EMI Cards in India
India’s lower-middle class is moving from borrowing for survival toward borrowing for advancement, signalling a decisive cultural shift in credit behaviour, according to the seventh edition of Home Credit India’s annual How India Borrows (HIB) study. Representing nearly two-thirds of the population, this segment is increasingly using credit to improve living standards, invest in entrepreneurial…