Small and Medium Enterprises (SMEs), the backbone of the Indian economy are hemmed in between the large corporate and retail segments in terms of loan ticket size and have the least credit penetration. This is because non-incorporated SMEs are subject to relatively relaxed financial disclosure norms to avoid burdening them with too much compliance; this … Continue reading 11 Ways SMEs Can Improve Their Credit Risk Scores
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Legal Entity Identifier (LEI) as a Gold standard
Several national, regional, and other identifiers are being used to cover specific needs in business, but the Legal Entity Identifier stands out compared to them because it is truly global and has already been adopted by many regulatory authorities across the world. The Legal Entity Identifier (LEI) is a 20-character, alphanumeric code that uniquely identifies … Continue reading Legal Entity Identifier (LEI) as a Gold standard
Video KYC – The New Normal in Digital Onboarding and Fraud Prevention
They say seeing is believing, and the adage is apt for processes related to onboarding. As in-person verification and appointments are becoming more and more inconvenient, how can an organisation trust a counterparty without actually being able to ‘physically’ see its credentials? In the age of easy photo editing, how can one trust the validity … Continue reading Video KYC – The New Normal in Digital Onboarding and Fraud Prevention
Here’s evidence that we indeed live in a VUCA world
Recently, the Reserve Bank of India (RBI) released data for fluctuations in costs, operating profits, and EBITDA of listed private Indian corporates in Q2 FY 2023 (July to Sep 2022) and compared it with earlier quarters beginning Q1 FY 2022. When you look at the fluctuation in raw material, power and fuel, and interest costs … Continue reading Here’s evidence that we indeed live in a VUCA world
Overcoming Fraud Risk Assessment Challenges Through Rubix ARMS™+EWS
The last thing you’d want is to partner with an entity that’s less than ethical, but how do you separate the good from the bad when your due diligence encounters challenges like these: Lack of transparency: It can be difficult to access reliable information about an entity’s past track record, especially if they operate in … Continue reading Overcoming Fraud Risk Assessment Challenges Through Rubix ARMS™+EWS
Company Identification Number (CIN) Vs Legal Entity Identifier (LEI)
Corporate Identification Number (CIN) is an alpha-numeric code issued to a company incorporated in India when it is registered with the the Registrar of Companies (ROC), Ministry of Corporate Affairs (MCA). ROC offices are located in different states across the country. The Legal Entity Identifier (LEI) is a global reference number that uniquely identifies every … Continue reading Company Identification Number (CIN) Vs Legal Entity Identifier (LEI)
Spotlight on India: A Rise in LEI Mandates Offers MSMEs a Springboard for Growth
Growing regulatory enforcement of the LEI across India promotes an identifier that can open doors to global trade and finance opportunities for the region’s MSMEs Author: Xue Tan, Head of Business Development for Asia region at the Global Legal Entity Identifier Foundation (GLEIF) The Legal Entity Identifier’s (LEI) star is rising in India. A wave … Continue reading Spotlight on India: A Rise in LEI Mandates Offers MSMEs a Springboard for Growth