What if one small reporting error could cost your bank millions? Manual bureau reporting often creates these risks with typos, missed deadlines, and compliance gaps. That is why more institutions now turn to automation. Automated credit bureau reporting helps you get accurate submissions, faster processes, and full regulatory alignment without the stress. For financial institutions, […]
Hidden Costs of Using Multiple Lending Systems vs. One Unified Platform
Ind͏i͏a͏n͏ ͏banks, NB͏FCs, and fint͏ec͏h͏͏ l͏end͏er͏s are under͏ const͏͏a͏nt͏ pressure͏͏ to boost efficiency a͏͏nd p͏rofi͏tab͏il͏it͏y. ͏Ev͏ery rupee s͏p͏e͏nt ͏on techno͏logy ͏sho͏uld d͏irectly c͏on͏tr͏ibute t͏o ͏b͏et͏ter lo͏an p͏rocessing, collection͏s͏, and de͏cision-making͏.͏ Ye͏t, many ins͏titution͏s͏ st͏ill rely o͏n separ͏ate systems for loan origination, management, and coll͏ections, creating hidd͏en costs and operational in͏effi͏ciencies. McKinsey reports that such͏ o͏p͏erational […]
Why You Need a Co-lending-Ready LMS for Multi-Partner Loan Management
Your bank receives a high-value MSME loan application that fits your risk criteria, but due to funding limitations, you must stall the approval. Meanwhile, you find ideal co-lending partners who are ready to share the funding and loan management. However, your current system cannot manage multi-partner workflows, automated settlements, or track compliance for each participant. […]
5 Loan Management Software Trends Shaping the Future of Digital Lending
Loan management software (LMS) has been quietly transforming the lending landscape, improving borrower experiences and operational efficiency among lenders. At present, the uptake of digital LMS is witnessing exponential growth driven by advances in technologies, including artificial intelligence (AI), predictive analytics, data analytics, robotic process automation (RPA), and machine learning. As consumer expectations and financial […]
AI-Powered Invoice Financing: Streamlining Manual Processes
The RBI-backed TReDS platform financed 41.6 lakh invoices through invoice discounting in FY 2024. It was worth ₹1.38 lakh crore. Over the past five years, invoice financing has jumped 766%, while the value of funds unlocked for MSMEs grew 1,138% from ₹11,165 crore. Despite its potential, many lenders still depend on manual verification processes and […]
Proprietary vs SaaS-based Loan Management System: What Suits Lenders Better?
The right Loan Management System (LMS) often dictates lenders’ operational efficiency, compliance, and ability to scale. However, as digital lending grows, many lenders wonder whether to opt for an in-house, proprietary LMS or a Software-as-a-Service (SaaS) approach. In India alone, the digital lending platform market is expected to reach USD 2.38 billion by 2030, growing […]