10/11/2022
NBFCs and the digital lending industry have seen great growth over the past several years. With the new digital lending guidelines rolling out from December 1st 2022, a lot of NBFCs and the fintech digital lending partners found that their current process does not meet the key requirements within the guideline and hence are looking for the right solution In the process of adoption the right solution , the industry has the opportunity to take the next leap towards tech adoption and governance.
Vouch a digital escrow based fintech startup put forward their approach to the solution at an event called Digital Lending - The new era beckons ,held on 9th November at Bangalore club.
The event gathered huge participation from several leading NBFCs and the fintech players involved in the lending ecosystem.
The event also brought opinion makers from ICICI, Axis and Yes bank, Digital Lending Companies, Advisors and Industry experts together to share their thoughts on what this change entails and how to approach it.
The participants discussed problems and the solutions, and developed a better understanding of the framework.
Vouch is a prominent fintech startup based in Sanjay Nagar- Bangalore, it has put forward an interesting solution using its innovative technology stack, the solution helps NBFCs fully meet the digital lending guidelines and solves some of the key gaps that existed within the current process.
The solution is designed to drastically reduce the onboarding time and effort for both the NBFC and the digital lending partners and helps them work with more lending partners, intermediaries and fintech distributors to scale their business.
The solution enhances the NBFCs visibility,transparency and control over the entire flow of money in a manner that is fully compliant with the new lending guidelines laid out by RBI.
Vouchβs Lending Hub solution is already live and is currently being used by several prominent NBFCs and their digital lending partners.