India, May 5 -- Within a world marked by digitisation, no industry has been left bereft of its fast-paced workings and finance is not an exception. The emergence of fintech platforms has transformed the conventional lending landscape remarkably.

In recent years, the proliferation of digital lending, backed by convenience and accessibility, has emerged as a lucrative option for borrowers, bringing a mix of adjustments, opportunities and challenges to the market.

Despite being a robust lending solution, digital lending has become vulnerable to a series of delinquencies. From unrestricted engagement of third parties, mis-selling, breach of data privacy and unfair business conduct to unethical recovery practices, all have witnessed a steady...