The digital lending life cycle space in India is growing exponentially. The Research and Market Report revealed the Indian Digital Lending Platform Market is anticipated to grow at a CAGR of 27.95% and grow to $2507.55 million by 2027. Artificial Intelligence (AI) and data analytics are helping lenders sustain and fuel this growth via a […]
10 Compelling Reasons to Embrace Data Analytics in Bill Discounting for Lending
The smooth functioning of a business depends on many aspects, one of them being the availability of adequate liquidity at all times. Bill discounting is a short-term financing option that helps entrepreneurs access quick cash and maintain healthy liquidity to fund growth and cover the regular expenses of their startups and businesses. In the current […]
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 […]
How Is Alternative Credit Data Transforming Credit Underwriting?
India’s economic growth hinges on the success of more than 633.9 lakh micro, small, and medium enterprises (MSMEs) which account for nearly 30% of gross value added (GVA) in India’s gross domestic product (GDP). Despite their valuable contribution, access to credit remains one of the major barriers for MSMEs, particularly unorganised MSMEs due to lack […]
How Transaction Data Analysis Promotes Trust and Accountability in Lending
As the lending industry becomes more competitive, transparency and accountability in decision-making are critical for a productive and long-term relationship between stakeholders. Customers want to make informed decisions and feel empowered when making a choice. In this scenario, transaction data analysis can strengthen the relationship between lenders and borrowers. It gives lenders critical insights and […]
Cloud-based Loan Management Software: Shaping Future of Data-driven Loan Management
The renowned marketing and customer experience guru Jay Baer once said, “We are surrounded by data, but starved for insights”. This suggests that despite having easy access to large pools of data, many businesses do not have the means to extract relevant insights from it. We could see a similar theme across the global lending […]