Hylobiz is equipped to implement the RBI’s credit card rules effective from July 1, 2022 — Many fintech companies offer credit card-like products and get into an arrangement with Issuers to offer co-branded credit cards. Why do some fintech companies assume the new RBI rules might pose threat to their business? The Reserve Bank of India on 21st April 2022, has issued new guidelines (known as…

Hylobiz Provides Neobanking Services that Bring Automation Under One Roof. — The rapid growth of technology has led human civilization to leap toward the digital dimensions. Neobanks are not just a theory not but is competing well against the traditional banks to mark their position in the market. The comparison in a gist: 1. Hassle-Free Process Automation Neobanks provide online services within a shorter period of…

Hylobiz Marketplace allows easy integration of existing ERP on its platform in the lowest set-up time and automates your AR/AP process. — In any economy, small and medium businesses are the major contributors to GDP and employment. Despite being the major contributor, they were not getting access to formal credit, better collection, and automation tools. At that time, every SME-focused fintech company was trying to provide working capital loans. But we at…

Collateral free loans are often chosen by small businesses because there is no need to pledge their assets. — Collateral free SME loans are often chosen by businesses because there is no need to pledge their assets. To borrow loans, there is a need to pledge an asset/property like stocks, machinery, real estate, and more. This asset is called collateral and such a loan is called a secured loan. …

Now, E-invoicing under GST is mandatory for businesses with a turnover of more than Rs.20 crores in a financial year. Hylobiz enables e-invoicing on its platform to help businesses in becoming e-invoicing compliant. — From 1st April, E-invoicing under GST is mandatory for businesses having an aggregate turnover of more than Rs.20 crores in a financial year. E-invoicing is a document shared by the seller to the buyer after validation from the GSTN portal. …

Women Entrepreneurs in Small Businesses can Enable Business Process Automation with Hylobiz. — Women are progressive and their dream to materialize their potential and become financially independent defines why small business for women entrepreneurs is a widely searched topic of late on the internet. Despite being, tenacious, and intelligent, women across the world face hurdles due to stereotypic thoughts and gender bias in…

Neobanks in India, are the Future of the Financial Sector, Improving Working Capital Efficiency | Hylobiz — With the rise of Neo Banks in India, the financial industry is reshaping at a rapid pace and impacting the financial makeover of other businesses. What is Neo Banks? Neo banks can be considered fintech or financial technology companies providing digital banking facilities. …

SME business in UAE can improve their collections, payables, and working capital on the Hylobiz platform. Now, improve your business collection efficiency with our new edge smart collection solution called Hylocollect, launched in partnership with Etisalat. Also, automate your payables, payment reminders, and inventory management. — In an economy, SME businesses are the backbone of the economy and contribute the most to GDP and employment.

Hylobiz is now VISA-Ready Certified in the CEMEA region as a part of the Fintech Partner Connect Program. Through this partnership, Hylobiz is excited to serve VISA clients with tailor-made solutions for businesses solving accounting receivable, payables, and working capital. — Hylobiz is a B2B focused Fintech helping businesses with collections, invoicing, and working capital through seamless ERP integration tools connect on its platform.