Credit Archive

How to Take Loan Against Mutual Fund Unit?

There is no doubt that mutual funds are the current big thing when it comes to investments. From young earners to the pensioners, this interesting and well diversified product serves a purpose to all. Wealth has not only been created, but is also protected from the vicious income tax sections. It wouldn’t be too much to say that it is one product that can make everyone …

Warren Buffet’s Top Investment Advises

All of us want to earn money and different people use different methods for earning it. Some sell products, some sell services and some sell both, which requires hard work as well as dedication towards the work. But even after all those hard work most of us didn’t get that much amount of money that can satisfy our needs. But there exist some people who …

Machine Learning and AI based Fintech Startups

In the recent times, a plethora of data driven startups has paved their towards the banking and finance system. Adding the spice, their arms to disrupt this field are not experts from the top management colleges, but two elite engineering terms that have the potential to rule the world: Artificial Intelligence and Machine Learning.  With the massive number of people being a part of the internet …

Understanding Credit Risk

The system of organized lending can never run out of risks. Be market, liquidity, credit, interest or operational, risk is inevitable for banks and other financial firms. Hence, a primary importance is given to risk profiling in all financial institutions. One of the omnipresent risks that have taken a toll on banks regularly is credit risk. In simplest terms, this risk can be defined as …

How Credit Card Authorization Works?

There is no existence to the idea of digital and plastic payments, unless a system of identity verification is there.  Thanks to increasing speed of global connectivity, increasing security measures and awareness among consumers, we are able to carry out these transactions in quick time. Credit card is the only revolving credit system that requires no collateral and, is solely based on one’s profession, income and …

Understanding Equifax Consumer Credit Report

When it comes to Credit, your past decides your future, courtesy Credit Reports and Credit Score. The contrasting processes adopted in the banks have often become quite a debate among customers. While banks do not make an intense inquiry about the customer when accepting deposits, the process is really cumbersome when it comes to sanctioning and disbursement of loans. Apart from the necessary income and profit …

Whatsapp’s Digital Payment Service In India

Whatsapp is one of the best and fastest instant messaging service in India. Whatsapp was Cofounded by Brian Acton and Jan Koum in 2009. It has almost over 200 million users worldwide. Taking advantage of this vast amount of users and to increase capitalisation Whatsapp is now planning to launch it’s very own digital payment service, as per report by the Ken (Paywall). It is …