Ngulminthang Lhanghal - Financial Expert

As per the latest news, an association with TradeLens, a blockchain-enabled digital platform has been declared by Drip Capital with an agenda to provide a simpler credit facility for small & medium-sized businesses (SMBs) globally. Global trade is crucial to strengthen a country’s economy. However, in the present times, it continues to operate with time-consuming & inefficient paper-based processes. Even most of the cross-border documents take place physically, leading to a delayed transaction by weeks. This absence or lack of digitization in maintaining records causes limited access to formal finance for SMBs, prohibiting their development possibilities.  Drip Capital is encouraging the SMEs engaged in cross-border trade to survive in the market by offering them collateral-free financing. The company ties up with operators across the global supply chain to simplify the access to finance for SMBs and focuses on creating a trade facilitation platform to assist them to ease t...

A new market study reported by Global Industry Analysts Inc.(GIA), the premier market research organization, titled "FinTech Blockchain - Global Market Trajectory & Analytics", highlights the updated outlooks on opportunities and complexities in an essentially changed COVID-19 marketplace as well as states that global Fintech Blockchain Market is expected to reach US$8.7 Billion by the Year 2026.  Blockchain technology is significantly advancing the activities in several sectors, especially the financial services sector. The inclusion of blockchain in fintech is emerging as the most encouraging technology blend that has possibilities of transforming the fintech industry. Fintech blockchain , the finance technology incorporation of blockchain technology, provides solutions, software, among several fintech blockchain services being utilized by organizations to achieve improved and automated finance solutions.  An increase in the requirements of the global fintech blockch...