India’s banking sector and NBFCs have played a pivotal role in addressing the financial needs of individuals and businesses across industries. These institutions have adopted agile processes by developing innovative financial products that cater to niche markets and bring mainstream lending to the forefront. Risk management, a principal factor in the financial sector, emerges as […]
How to Increase Efficiency & Scale Your Lending Operations
The lending process right from origination to approval, disbursal, and complete lifecycle management is complex and fragmented. The traditional loan processing often undertaken manually is consuming and cumbersome. Times have changed, and so has technology. If you want to reach the next level of growth, you’ve got to adapt to the newer trends where speed […]
What Does Embedded Finance and APIs Mean for the Lending Industry?
Never before have the times been more volatile and dynamic as now. Recession coupled with regulatory pressures, financial reforms, and the recent global pandemic has not made anything easier for the legacy lending industry. As a result, the lending industry faces several challenges while approving and disbursing loans. Cultural Shift: Traditional lending institutions work through […]
What is Embedded Finance – Innovation That Took The Fintech World by Storm?
Every company at some point needs integrated financial services as a part of its service offering. Integrated financial services is an umbrella term that comprises different aspects related to finance such as payments, insurance, investments etc. This need was widely recognised as ‘Embedded Finance’. With the widespread adoption of digital technology by consumers across industries, […]
Can Embedded Finance Provide a Tough Challenge to Traditional Banking?
There’s a lot of buzz going around embedded finance. It has surely emerged as a phenomenon in the last few years. If it is a challenge to traditional banking could be the next puzzle. Before we clear that air for you, let us look at the last financial year and what it has to say. […]
9 Features that make an Outstanding Loan Management Software in 2021
50% of people who want a loan and have access to the internet in India prefer to buy it online. It is stats like these that prove today’s consumer wants the ease of swift loans available without the hassle of dozens of bank visits. And this demand is not limited to loan origination. They want […]