The lending industry has become extremely competitive over the last few years. Traditional players such as banks and non-banking financial companies (NBFCs) have undergone digital transformation to keep pace with demand and unlock new opportunities. Several digital banks, neobanks, digital lending apps, and peer-to-peer lending platforms have mushroomed to make credit more accessible to a […]
Debt Factoring vs Account Receivable Financing: What To Choose?
Uninterrupted cash flow is the lifeline for all businesses; however, it is not uncommon for companies to have considerable gaps between a sale and receiving payment, which can disrupt their liquidity. As a result, ensuring smooth cash flow can be quite challenging for businesses, especially the ones that allow long credit periods to their customers. […]
Seeking a Banking-as-a-Service Partner? Understand These Risks & Complexities
Banking-as-a-Service (BaaS) has emerged as an innovative factor in the realm of finance. It makes it possible for non-banking enterprises, such as fintech startups, e-commerce platforms, etc., to offer banking services to their customers without establishing a conventional bank. According to projections, the BaaS business model will generate around USD 30 billion in revenue in […]
5 Most Common Types of Bill Discounting in India
Imagine this scenario. You are eagerly waiting for your clients to clear your invoice and make the necessary payments, only to discover that it could take a bit longer than anticipated. Not an ideal scenario, right? It puts a massive strain on your small to medium-sized business’s cash flow, compelling you to turn to financial […]
Decoding the Right Loan Recovery Software: On-premise vs SaaS
Salesforce changed the course of the enterprise-grade loan recovery software industry when the company rolled out a software-as-a-solution (SaaS) CRM in 1999. Over the next few decades, cloud-based SaaS solutions garnered immense popularity, replacing on-premise solutions across various sectors. A Gartner study projected that global SaaS spending will likely reach $195 million by the end […]
How Automated Loan Processing System Is Helping Lenders Cut Costs
The lending industry has grown exponentially in the last few years. A mix of automated loan processing system, banks, and Non-Banking Financial Companies (NBFCs) are aggressively growing their loan verticals. On top of that, several payment platforms and eCommerce companies are also entering the highly competitive lending space. In the third quarter of 2023, digital […]