Friday, March 01, 2024
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Finezza

Finance minister Nirmala Sitharaman proposed to make PAN the common identifier for all digital systems at government agencies during her Union Budget 2023 speech

This feature by Finezza will allow non bank financial companies to create limits at the anchor, lender and borrower levels that can solve India’s Rs 40 trillion unaddressed credit gap

In addition to giving a transparent view of loans to all parties, the system will reduce operational challenges and costs and help the credit market grow fast with the operationalization of co-lending

The subscription will be available to smaller finance players at a fixed fee for three years