Over the past decade, the digital lending approach has taken the financial ecosystem by storm. The crises faced by the world in the face of the Covid-19 outbreak have only accelerated the need for an efficient, flexible, and technologically advanced financial lending and borrowing mechanism. Unlike traditional banks that are often hesitant to lend to businesses and individuals with low credit scores, new-age financial institutions have found more feasible ways to assess the return-capability of the borrower by going beyond just credit score.
Post Views: 258