Home / Industry / Banking /  Lending will undergo dramatic transformation in 3 years: BCG's Saurabh Tripathi
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Lending is going to be dramatically different in three years time as it will be increasingly data driven with intense competition from digital platforms, said Saurabh Tripathi, Managing Director & Senior Partner, BCG at 14th Mint Annual Banking Conclave

Speaking on the future of banking in India, Tripathi said,  a significant share of customer interactions for lending will shift to digital platforms where customer traffic is there. And we will see more context-specific and low-ticket loans.

“Aggregators and open credit enablement networks (OCENs) are the two big things that can disrupt the banking industry in a massive way after UPI," he further added.

OCENs are a set of open standards that can be used to facilitate the various aspects of the lending. It basically creates a platform for collaboration and partnerships between lenders and digital platforms.

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