Innovations in Digital Lending: What's Next for the FinTech Industry?

At the ETBFSI FinNext Summit 2024, a panel discussion titled "The Next Phase of Digital Lending" gathered industry leaders to explore the future of digital lending in India. Moderated by Amol Dethe, Editor of ETBFSI, the session featured insights from Sashank Rishyasringa, Co-Founder & MD of axio; Ashish Goyal, Co-Founder & CFO of Fibe an personal loan app; Sanjay Aggarwal, Co-Founder & Director of Moneyview; Karan Mehta, Founder & CTO of Ring; Anurag Jain, Founder & ED of KredX; Rohit Taneja, Founder & CEO of Decentro; and Nalini Venkat, President of Digit Insurance.

The panelists discussed how fintech firms can leverage new technologies to transform lending and the latest trends and innovations driving the sector. They examined the regulatory landscape, highlighting proactive measures taken by regulators to secure consumer interests while fostering growth. Key topics included advancements in AI and machine learning, the impact of digital onboarding and verification processes, and strategies for enhancing customer experience in the lending space. They also addressed the increasing importance of tools like free credit score services, which empower consumers with greater transparency and control over their financial health.

The industry experts shared their perspectives on navigating the evolving digital lending landscape, emphasizing the importance of innovation and adaptability. The discussion provided valuable insights into the future directions of digital lending in India, offering a glimpse into the potential opportunities and challenges ahead.

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