India’s digital lending market, projected to reach ₹15 trillion by 2030, is expanding at a CAGR of 25.6%. RBI reports non-food credit increased by 13.9% in 2024 compared to 9.6% in 2022. Yet, many banks depend on conventional processes to satisfy this need. Manual processes like paper-based application forms, in-person and physical document verification, personal […]
Loan Management Software: Must-have AI Features in 2025
RBI’s Financial Stability Report indicates that banks’ gross NPA ratio fell to 2.6% as of September 2024. In ten years, this has been the lowest. Although steady collections and consistent credit growth helped the GNPA ratio drop to 4.0% for NBFCS, the need to preserve asset quality still looms. RBI is keeping an eye on […]
From Data to Decisions: AI’s Role in Modern Credit Underwriting
Today, Artificial Intelligence (AI) plays a transformative role across various sectors. In financial services, a recent survey, for instance, indicated that 13% of banks are already leveraging AI in lending operations to boost efficiency and performance. Over 50% of the surveyed banks aim to invest $100,000 or more in machine learning-driven credit models over the […]
Is Your Loan Management System Meeting Regulatory Compliance Standards?
The rapid advances in fintechs and their adoption have led regulatory bodies such as the Reserve Bank of India (RBI) to scrutinise the digital lending guidelines closely to limit compliance breaches. For example, In October 2024, four Non-Banking Financial Companies (NBFCs) were barred from sanctioning and disbursing loans due to regulatory violations. Also, earlier this […]
Exploring the Potential of Decentralised Finance (DeFi) in Loan Management
Decentralised Finance (DeFi) is an umbrella term for a financial system built on blockchain technology. It aims to provide an open, permissionless, and decentralised alternative to traditional financial setups. Compared to the conventional loan management process, DeFi lending does away with intermediaries, connecting the lender and the borrower directly. The global decentralised finance market was […]
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 […]