DIGITISATION OF RETAIL BANKING PRODUCTS & ROLE OF AI AND TECHNOLOGY IN RETAIL BANKING & RECOVERY OF RETAIL LOANS
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Retail Banking and Wealth Management — JAIIB.
One-liners from this chapter
Free sample — 8 of 66 rapid-fire Q&A cards.
What is the primary regulatory framework governing digital banking operations in India?
The Reserve Bank of India regulates digital banking through the Payment and Settlement Systems Act 2007, IT Act 2000, and various RBI master directions on digital lending and payment systems.
What is a Digital Personal Loan (DPL) and how is it disbursed?
Fully online loan sanctioned and disbursed without branch visit.
What does the term 'straight-through processing' (STP) mean in the context of retail banking digitisation?
Straight-through processing refers to the automated end-to-end processing of banking transactions without manual intervention, reducing turnaround time and operational costs significantly.
What is a Loan Origination System (LOS) in retail banking?
Software platform managing end-to-end loan application and approval workflow.
How does Artificial Intelligence assist in credit underwriting for retail loans?
AI analyses alternative data sources such as utility payments, social behaviour, and transaction history to generate credit scores and lending decisions, enabling faster and more accurate loan sanctioning.
What is a Loan Management System (LMS) in the context of retail loans?
System for tracking disbursed loans, repayments, and borrower account maintenance.
What is a digital lending platform and how does it differ from traditional loan processing?
A digital lending platform allows end-to-end loan origination, processing, and disbursement online without physical branch visits, enabling instant decisions compared to days or weeks in traditional processing.
What is a credit bureau score and how does it aid digital retail lending?
Numerical credit rating enabling instant automated eligibility checks for borrowers.
Video classes for this chapter
DIGITISATION OF RETAIL BANKING PRODUCTS & ROLE OF AI AND TECHNOLOGY IN RETAIL BANKING & RECOVERY OF RETAIL LOANS PART 2
DIGITISATION OF RETAIL BANKING PRODUCTS & ROLE OF AI AND TECHNOLOGY IN RETAIL BANKING & RECOVERY OF RETAIL LOANS PART 1
DIGITISATION OF RETAIL BANKING PRODUCTS & ROLE OF AI AND TECHNOLOGY IN RETAIL BANKING & RECOVERY OF RETAIL LOANS PART 1
DIGITISATION OF RETAIL BANKING PRODUCTS & ROLE OF AI AND TECHNOLOGY IN RETAIL BANKING & RECOVERY OF RETAIL LOANS PART 2
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