Secure tech is the new moat in digital lending
By Anil Sinha, CTO, Fibe
Somewhere in a small town in Bihar or Bundelkhand, a vegetable vendor is about to take a formal loan for the first time in her life. She has no credit history, no collateral, and no relationship with a bank that has ever known her name. What she has is a smartphone, an income that shows up in fragments across UPI transactions, and a decision to make about whether she trusts this app with her money, her data, and her future repayment obligations.
That single moment of trust, repeated tens of millions of times a year, is what India’s digital lending industry has actually been building towards. It is easy to describe this as a story about technology, faster onboarding, instant approvals and paperless disbursals. It is really a story about whether formal credit can finally reach the people it has excluded for decades and whether...
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