At the onset of the pandemic, factors like the dependence on physical processes and the lack of adequate infrastructure collectively brought the lending to a standstill. The lending rate touched all-time lows in the country, and the limited applications that were processed were digital pre-approved loans to very select customers. Clearly, the only way to […]
How Digital Footprint Data is Shaping the Future of Credit Scoring?
With changes in the way transactions are processed and payments are made, the system for accessing risks or loan underwriting must also change. Lending companies are undoubtedly a susceptible target of fraudsters, especially in the times of digital banking. Where traditional credit scoring fails miserably during digital lending, digital footprints can help make up for […]
Decision Management System: A Safeguard Against Financial Risks
A sturdy decision management system can be a lender’s safeguard against financial risks that the credit evaluation process exposes them to. It harbours a promise of distinct competitive advantage to lenders with improved and flawless decision making. Fast-tracking the credit evaluation and risk management process at the lender’s end ensures increased financial security. It also […]
How Finezza’s Automation Technology Helps In Credit Card Evaluation
Credit cards are an essential component of the lending landscape that bless borrowers with incredible financial convenience. It helps them navigate through occasional short terms of financial distress. The criteria for lending decisions vary from lender to lender. Credit analysts often grapple with factors like multiple credit scores, absence of credit history, frequency of bill […]
Why Lenders Shouldn’t Shy Away from MSME Digital Lending
Micro, Small, and Medium Enterprises sector is the backbone for developing nations like India. In fact, Indian MSMEs are currently working to strengthen their presence across sectors while simultaneously expanding their footprint globally. The consistent progress of the MSME sector is closely related to India’s pursuit of becoming a global economic power. However, progress and […]
Lending Management in the Mobile First World
As we move from the era of mobile-friendly to the age of mobile-first markets, businesses ought to prepare for the transformation. More salient is the fact that we, as users, are all sworn into the convenience that mobile experiences promise. The fact that mobile traffic has outpaced the desktop traffic in the business world bears […]