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 […]
Gear Up for Startup Success: The Superior Lending Software
In the last few years, the lending software industry has witnessed a surge in the number of startups aiming to bolster the credit ecosystem in India. This spurt mirrors a global trend, with international lending platforms seeking to capture increased market share. Also, we have to note that the global digital market, estimated to be […]
Lending Software Solutions: Enhancing Portfolio Yield
The financial service industry is witnessing a radical shift propelled by changing business models, disruptive technologies and mounting compliance pressure. An Accenture Global Financial Services Consumer survey suggests that delivering unified customer experiences, staying competitive, keeping up with technology, data security and staying regulatory compliant are the top challenges for this sector. Fast-changing technology, which […]
Loan Management System in India: Ensuring Data Security and Confidentiality
With the emergence of digital lending platforms and increasing reliance on technology for loan management, India’s financial environment has experienced a substantial transition recently. The digital lending market in the country has experienced significant development in recent years. According to a Boston Consulting Group (BCG) survey, the digital lending market is anticipated to reach an […]
Agile Lending: Faster Loan Disbursement and Lending Life Cycle
The Indian lending market grew 11.1% annually in FY 2022 as compared to March 2021, according to a Credit Bureau report. This growth presents many opportunities but also gives way to several concerns regarding the slow and unsatisfactory nature of traditional lending practices. To address this issue, financial institutions increasingly turn to agile lending practices […]
Boosting Supply Chain Financing: The Impact of Blockchain
Supply chain financing (SCF) is a financing solution that brings buyers, sellers and lenders together. This arrangement helps clear and unlock the working capital locked in the supply chain. It helps businesses improve liquidity, build stronger supplier relations, and reduce supply chain risks. Despite the many benefits this arrangement offers to all stakeholders, it has […]