Modern loan origination software has eliminated historical barriers through powerful integrations, enhanced functionality, and optimised costs. These advances have transformed conventional banking platforms characterised by complex setups and rigid infrastructure. However, one critical decision financial institutions face when adopting such software is choosing between cloud-based and on-premises loan origination software. Each option comes with its […]
Leveraging Cloud Integration for Reporting and Analytics in Loan Management Software
If there is any secret to staying long-relevant in a highly competitive sector, adaptability and flexibility come at the top. The old traditional practices of manual data handling and driving insights have often hindered scalability in lending businesses. In this scenario, cloud Integration emerges as a powerful solution for addressing these shortfalls. Cloud computing can […]
Scaling Your Lending Business with Cloud-Based Lending Software: A Growth Strategy
In the last five years, the lending industry has grown increasingly competitive, with banks, lending platforms, payment apps, and non-banking financial companies (NBFCs) competing for a piece of the pie. Simultaneously, there’s great potential for data-driven, future-thinking lenders to accelerate growth by capitalising on under-tapped market opportunities. For instance, the Micro, Small, and Medium Enterprise […]
Why Cloud-Based Loan Management Software is the Future
Today, potential business or individual borrowers seek an efficient user experience for the loan application process, loan approvals and disbursals, and EMI payments. Lenders looking to meet and exceed user expectations must work with technology that crafts a superior experience. In turn, they improve the potential to turn leads into customers and accelerate business growth. […]
5 Ways a Cloud-Based Lending Software Can Transform Small Business
The Micro, Small and Medium Enterprise (MSME) market has been disadvantaged in the traditional banking ecosystem. Due to various factors, banks have prioritised credit to corporations and big businesses over small businesses. According to statistics, India has a total of 633.9 lakh MSMEs in India, comprising 630.5 lakh micro-enterprises and 3.3 lakh small businesses. The […]
6 Market Trends in Cloud-Based Lending Software: Decoded
The lending industry worldwide has grown extensively over the last few years. Lenders are on a spree to close the deficit in credit access within the business arena through digital innovation. As of 2022, the global digital lending platform market was valued at $ 9.56 Billion. It is projected to accelerate at a compound annual […]