#Inttech

[ugliy-moved]

                       𝚜𝚕𝚒𝚌𝚔  𝚌𝚘𝚗𝚌𝚛𝚎𝚝𝚎  𝚛𝚎𝚏𝚕𝚎𝚌𝚝𝚜  𝚊  𝚌𝚒𝚝𝚢𝚜𝚌𝚊𝚙𝚎  𝚘𝚏  𝚗𝚎𝚘𝚗  𝚕𝚒𝚐𝚑𝚝𝚜,   𝚊  𝚟𝚒𝚎𝚠  𝚏𝚛𝚘𝚖  𝚊  𝚛𝚘𝚘𝚏  𝚘𝚟𝚎𝚛𝚕𝚘𝚘𝚔𝚒𝚗𝚐  𝚊  𝚝𝚑𝚘𝚞𝚜𝚊𝚗𝚍  𝚑𝚊𝚙𝚙𝚢  𝚑𝚘𝚖𝚎𝚜  :        blue  and  orange  tinted  living  rooms,  red  accents  of  neon  signs  pointing  to  twenty  -  four  hour  diners,  bright  green       PARK  HERE!        arrows,  sodium  streetlamps.                    there’s  not  a  dark  corner  in  sight,  because  the  shadows  here  get  only  so  dim       (  nothing  like  when  you’re  out  in  the  middle  of  nowhere,  under  countryside  skies  with  only  a  moon  to  light  your  path.         nothing  like  the  actual  pitch  black  of  diving  into  deep  water  in  the  dead  of  night.         there  are  darker  things  than  a  city  can  provide,   which  was  why,   amidst  concrete,  you  could  almost  feel  safe    ––––    nothing  bad  happens  where  everyone  can  see  it.  )            a  shadow  herself,    alex  knew  better  than  that.             there’s  a  radio  within  a  small  earpiece,  nestled  comfortably,  but  it’s  garnering  only  static,  and  she  gives  up  and  slips  it  in  her  pocket  after  a  few  moment  of  fiddling.  frustration  takes  her  towards  the  ledge  of  the  roof  to  peer  over,  binoculars  raised  and  focused  on  a  window,  through  which  she  sees  a  familiar  face       (  dylan,  disguised  as  a  waitress,  serving  some  high  up  pharmaceutical  executives  their  main  course  ).        as  dylan  turns,  alex  spots  the  subtle  motion  of  her  head  which  proves  a  signal.  in  response,  alex  motions  to  her  ear,  then  slides  a  flinger  across  her  throat.   can’t  trust  tech  for  anything  these  days.  dylan,  in  a  cautious  and  calculated  movement,  pulls  a  strand  of  her  hair  behind  her ear  and  twirls  it  as  her  fingers  descend,  a  clear - cut  sign  between  them :       YOU’LL  HAVE  TO  GET  CLOSER.       the  radio  in  her  ear  is  a  crucial  aspect,  meant  to  transmit  whatever  dylan  hears  directly  to  her,  so  that  the  very  moment  those  execs,  getting  drunker  by  the  minute  with  strategically  placed  free  booze,  make  a  slip,  a  mention  towards  something  of  interest  to  the  angels’  current  client,  alex  can  transcribe  it  and  pass  information  along  via  encrypted  email  instantly.   but  all  that’s  worthless  without  a  fucking  signal.

                              graceful  motion  shuts  her  laptop  and  slides  on  a  long  black  trench  before  she  retreats  to  the  stairwell  that  will  lead  her  off  the  roof.  her  goal  now  is  to  search  for  a  better  vantage  point,  be  it  some  vacant  apartment,  or  a  fire  escape  if  necessary.  whatever  it  is,  she’s  in  dire  need  of  being  quick  about  it,  lest  they  lose  their  window.  radio’s  slipped  back  in  and  she  starts  trying  to  test  her  signal,  listening  close  to  the  static  for  any  clue  of  better  reception.  as  she  turns  a  corner  she  suddenly  finds  herself  face - to - face  with  an  unexpected  companion,  just  as  she  utters  the  words,   “   dyl?   nat?   ”   instinct  had  brought  her  hand  up  to  her  ear  to  tap  the  device  to  salvation,  but  to  no  avail.   a  compromised  appearance,  she  breaks  into  a  wide  smile,  paired  with  a  frustrated  roll  of  her  eyes  towards  the  stranger.

    “  the  reception  in  here  is  crazy,  right?   last  time  i  trust  bluetooth.  ”

@yngai .

[nihararay]

How NBFCs Are Leveraging Technology for Financial Inclusion in India

India’s financial landscape is undergoing a major transformation, and Non-Banking Financial Companies (NBFCs) are at the forefront of this change. Traditionally serving segments that are underserved or excluded by banks, NBFCs have played a key role in bridging the financial inclusion gap. But what’s truly driving their scale and success today is technology.

In this article, we’ll explore how NBFCs are using technology to expand their reach, streamline operations, and empower India’s unbanked population.

 What is Financial Inclusion?

Financial inclusion means ensuring that individuals and businesses have access to affordable and useful financial products — including credit, insurance, savings, and payments — delivered in a responsible and sustainable manner.

Millions in India, especially in rural and semi-urban areas, still lack access to formal banking services. This is where NBFCs step in with customized, tech-enabled financial solutions.

How NBFCs Are Leveraging Technology

1. Digital Onboarding and eKYC

NBFCs now offer paperless onboarding through Aadhaar-based eKYC, video KYC, and PAN verification. This simplifies the process of account opening and loan applications — especially in remote areas where physical document collection is difficult.

Real-time identity verification

Faster loan approvals

Reduced fraud and human error

2. AI & ML for Credit Scoring

Traditional banks often reject applicants due to a lack of formal credit history. NBFCs are changing this by using alternative data and AI-powered credit scoring models.

They analyze:

Mobile usage patterns

Utility bill payments

Social media activity

Transaction history (via UPI)

This helps assess the creditworthiness of first-time borrowers and gig workers who may not have a CIBIL score.

3. Cloud-Based Core Lending Platforms

Modern NBFCs use cloud-native core systems to manage:

Loan origination

Disbursement

Repayments

NPA tracking

These platforms reduce operational costs and allow easy scalability, even for small NBFCs operating in Tier 2 and Tier 3 cities.

4. Mobile Lending Apps

NBFCs have launched user-friendly mobile apps for loan applications, EMI payments, and customer service. These apps support regional languages and intuitive design — making them accessible to non-tech-savvy users.

Some NBFCs also use WhatsApp banking and IVR-based services for last-mile access.

5. Digital Payment Integration

NBFCs have integrated with UPI, Bharat BillPay, and AEPS (Aadhaar Enabled Payment System) to simplify collections and repayments. This improves cash flow management and makes borrowing more flexible.

Instant disbursement via UPI

EMI reminders and autopay options

Rural agents can accept payments through biometric devices

6. Field Force Digitization

NBFCs with physical agents now use mobile CRMs and geo-tagging tools to track field officers in real time. This increases accountability, improves loan recovery, and brings transparency to doorstep banking models.

Impact on Financial Inclusion

Thanks to tech adoption, NBFCs have been able to:

Reach millions of new-to-credit customers

Offer micro-loans and small-ticket finance with minimal paperwork

Empower women, farmers, and small businesses with digital tools

Create employment opportunities through agent-based models

Reduce dependency on informal credit sources (like moneylenders)

Real-World Examples

LendingKart: Uses data analytics to give small business loans with zero collateral

Aye Finance: Uses biometric KYC and psychometric tests for micro-entrepreneurs

KreditBee: Offers short-term digital loans to salaried and self-employed youth

Svatantra Microfin: Offers digital financial products to women in rural India

Compliance and Data Security

Technology also helps NBFCs stay compliant with RBI guidelines by:

Enabling secure data storage

Providing audit trails

Integrating with credit bureaus

Ensuring GDPR and IT Act compliance

As NBFCs grow digitally, cybersecurity and data protection are being treated as top priorities.

What’s Next for Tech-Driven NBFCs?

The future of NBFCs is digital-first. We can expect:

Blockchain-based loan contracts for transparency

Voice-enabled banking in regional languages

AI chatbots for 24/7 customer service

BNPL (Buy Now Pay Later) options integrated with UPI apps

Open banking APIs connecting NBFCs with fintechs and marketplaces

Conclusion

NBFCs are not just filling the gaps left by traditional banks — they’re leading innovation in financial services, especially for the underbanked. By embracing technology, NBFCs are accelerating India’s journey toward true financial inclusion, one digital step at a time.

For More Information Visit us: https://www.bharatinttech.com/

[nihararay]

Core Banking System (CBS): Meaning, Working, and Its Importance in Modern Banking

In today’s fast-moving digital economy, customers expect banking to be available anytime, anywhere — whether through a mobile app, ATM, or physical branch. Behind this seamless experience lies a powerful technology called the Core Banking System (CBS). In this blog, we’ll explore what CBS is, how it works, and why it’s the backbone of the banking industry.

What is a Core Banking System?

A Core Banking System (CBS) is a centralized platform used by banks to manage and process all banking operations — such as deposits, loans, transactions, and customer information — in real time across all branches.

CBS stands for Centralized Online Real-time Exchange, enabling customers to access their accounts and perform transactions from any branch or digital channel, not just the one where the account was opened.

 How Does CBS Work?

CBS connects various service channels like:

Bank branches

ATMs

Mobile banking apps

Internet banking portals

UPI and IMPS systems

When a customer initiates any request — like transferring funds or checking balance — the CBS immediately validates and processes it, updates the central database, and sends the response back in real time.

Key Features of a Core Banking System

Centralized Database All customer and transaction data is stored in a single, secure database accessible across branches.

Real-Time Processing Transactions are updated instantly, ensuring accurate and up-to-date account information.

Multi-Channel Access Supports various banking channels like mobile, internet, ATM, IVR, and in-branch systems.

Automated Operations Routine banking tasks such as interest calculation, EMI tracking, and report generation are automated.

Regulatory Compliance Built-in tools for RBI reporting, audit logs, and integration with government portals like UIDAI, GSTIN, and CRILC.

Importance of CBS in Banking

Anywhere Banking Customers can access banking services from any branch or digital platform — creating a unified experience.

Improved Customer Service With real-time access to data, banks can offer faster and more accurate services.

Cost Efficiency Reduces operational cost by automating tasks and eliminating data duplication.

Scalability Banks can easily expand services, launch new products, or open new branches without major infrastructure changes.

Enhanced Security CBS platforms offer encrypted transactions, access control, fraud detection, and disaster recovery mechanisms.

Popular Core Banking Software Providers in India

CBS Provider

Banks Using It

Finacle (Infosys)

SBI, Canara Bank, Union Bank

TCS BaNCS

HDFC Bank, Bank of India

Oracle Flexcube

Axis Bank, Kotak Mahindra Bank

Temenos

Global fintechs and digital banks

InfrasoftTech

NBFCs, Co-operative Banks

These providers offer powerful features like cloud-based CBS, API integration, mobile-first interfaces, and AI-powered automation.

CBS and Digital Banking

Modern CBS platforms are now:

Cloud-native for scalability and cost reduction

API-driven for fintech integrations (like UPI, Bharat BillPay, and credit bureaus)

Modular and microservice-based, allowing faster innovation

Compatible with AI, ML, and analytics for personalized banking and fraud prevention

The Future of Core Banking Systems

With evolving customer expectations, CBS is transforming into a smarter and more agile system. Some trends shaping the future include:

AI-powered decision-making for loans and credit scoring

Blockchain-based ledger systems for transparency

Open banking APIs for better third-party integrations

Voice and chatbot banking for customer support

Instant onboarding and KYC using Aadhaar and PAN APIs

Conclusion:

The Core Banking System is the technological core of every modern bank. It not only powers day-to-day operations but also enables innovation, compliance, and customer satisfaction. As digital banking continues to grow, a flexible and future-ready CBS will be the key differentiator for banks and NBFCs alike.

For More information Visit Us:

[nihararay]

 Why Choose Inttech Pvt Ltd?

From 99.99% uptime to regulatory-compliant solutions — we’re powering the fintech future with secure, scalable, and real-time solutions.

Trusted by leading banks, NBFCs, and fintechs globally! 🌍

🚀 Scalable APIs 🔒 Real-time Transaction Monitoring ✅ Regulatory Compliant 🤝 Trusted by Financial Leaders

[nihararay]

Powering Seamless Digital Payments — from UPI to IMPS

At Inttech, we build reliable, secure, and high-speed payment switch solutions for banks, NBFCs, and financial platforms.

✅ 24x7 transaction uptime ✅ Real-time UPI, IMPS, NEFT, QR & card payments ✅ Trusted by financial institutions

💼 Ready to modernize your digital payments?