Global
Festive Trends: A Game Changer for BFS
- India’s festive months are a whirlwind of activity - an unprecedented surge in consumer spending and credit demand.
- The request for credit or EMIs sees a 12% YOY increase.
- Surge levels range from a moderate 10% to an impressive 120%, more than doubling in some cases. And the best players are able to process a request in as fast as 20 milliseconds.
- Benchmark your festive data against the industry and maintain a competitive edge.
Find out how
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What’s Inside the Report?
Behind the Numbers: A Festive Surge
- Request volumes soar up to 4.5x during peak periods.
- Dhanteras saw a 19% YOY increase in requests.
- Diwali emerged as the most significant festive day, with a 47% growth in requests YOY across the industry.
Tech Trends Powering BFS Success
- The rise of instant credit platforms.
- Digital borrowing trends: Over 60% of loans originated through digital channels.
- AI and ML driving data-driven customer verification and fraud detection.
Winning Strategies for Festive Success
- Bottlenecks faced during the festive seasons.
- Prepare for future peaks with best practices.
- Prepare for future peaks with best practices and insights to capture the surge in opportunities during the festive season.
Key Takeaways from the BFS Festive Trends Report
Unveiling the Festive Boom
How consumer behavior evolves during the festive season
Tech-Led Transformation
How MDM enables rapid approvals and enhances customer experiences
Navigating New Challenges
Compliance, risk management, and cross-border data insights
Your Roadmap for 2025
Strategies to stay ahead of the competition
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