Had a technical question - is it possible today to figure if the personal/unsecured loans are being put to good use by borrowers? Was curious to understand how financial institutions can monitor that and streamline it. I guess banks do this by physical inspections. I think fintech lending can maybe use some innovation where the credit is not being misused and eventually converted to NPAs. Thoughts?
Had a technical question - is it possible today to figure if the personal/unsecured loans are being put to good use by borrowers? Was curious to understand how financial institutions can monitor that and streamline it. I guess banks do this by physical inspections. I think fintech lending can maybe use some innovation where the credit is not being misused and eventually converted to NPAs. Thoughts?