When a customer approaches a bank for a loan in India, they are invariably expected to provide a record of previous transactions and a statement of assets in support of their application. As the customer’s data is often spread across various entities, they can spend considerable time and resources to obtain the information and file it with the bank.
However, that expectation may soon change. In India, it is now possible to easily share this fragmented financial data with the help of the right technology, without the fear of data misuse.
