How digital lending platforms can scale faster without increasing risk

Digital lending platforms have changed the way people borrow money. Borrowing is now possible in small, sachet-sized loans at the click of a button. Traditional credit facilities, such as home loans or car loans, are also possible digitally, with a few additional permissions for accessing borrower data and document uploads.

This is possible through multiple digital integrations built on Aadhaar-enabled identity checks, the Account Aggregator framework, and large-scale data processing models for quick borrower assessment, while the borrower uses mobile devices to apply and upload information.