TL;DR: Very effective. This is especially true in the aftermath of COVID-19. BCG’s Digital Lending report states that online lending in India will be worth upwards of $1 trillion by 2023. The estimate is evidence that fintech solutions like loan management systems are abundantly useful. It is the benefits they bring to lenders that make […]
Best Gold Loan Management System: Features to Look For
Gold loans have been one of the oldest forms of secured lending in India for centuries. Being a highly liquid asset, gold is the preferred collateral for many lending companies. Several financial institutions, including banks and NBFCs, have gold loans as an integral part of their business lending strategy. Challenges Faced By Lending Institutions in […]
Automate and Scale Your Lending Process with A Bank Statement Analyser
After the pandemic hit the world, loan defaults have been on a steeper rise than before. Direct consumers and SMEs are still struggling to repay loan dues, and the crisis is going away anytime soon. Consequently, a major challenge that all banks and financial institutions face today is tackling the hidden non-performing assets. While retail […]
Top 8 Delinquency Collection Tips for Small Businesses
Being a small business owner, probably you might have learned the definition of “delinquent” – the first time a customer has failed to pay for something on time. Cash flow is necessary for every business and more so for small businesses, especially during your early days. Delinquent customers can negatively impact and profoundly affect the […]
10 Must-Have Features & Benefits of Mobile Banking Apps in 2021
Mobile banking apps have grown to new heights as more and more customers are embracing mobile technology. Mobile transactions are at an all-time high in recent times. According to reports, the global growth of finance apps is on the cusp of massive expansion as neobanks and super apps gain traction due to the surge of […]
10 Must-Have Integrations for a Loan Management Software
A lending management solution is a must for all financial institutions to provide a seamless borrower experience and streamline the end-to-end process of the lending cycle. From origination, underwriting, assessing creditworthiness to loan servicing and repayment, a single open-architecture solution can make lending a painless process. Whether you want to provide loans to commercial entities […]