Bank statements are a great source important financial information, when assessing a loan applicant’s eligibility for a business loan. A loan applicant’s bank statement gives a periodic record of all the transactions undertaken by the applicant like deposits, withdrawals, cash transfers, debit card payments, interest earned, bank service fees, as well as the other instalments […]
See How Finezza’s Analytics Help Optimise Loan Management Process
Right from the time an application is received, and all the way until disbursement, a lot of data flows into the lending lifecycle. However, traditional lending management systems rarely make optimal use of this data. By employing the right tools and analysing this data, it is possible for a lender to reduce the inefficiencies in […]
How Finezza’s Mobile Ecosystem Helps Optimise Loan Management Process
While many fintech firms are competing with traditional banks and lending institutions by offering loans that can be approved with just a tap on the phone, lenders are compelled to digitise their processes and offer various mobile lending solutions to compete with the market. However, though many mobile lending solutions are mushrooming, very few solutions […]
How Social Media Can Help You Assess A Loan Application
Today, everybody has a strong social media presence, no matter if your an individual or a business entity. Even though the social media platform has been subjected to a lot of criticism for invasion of privacy, it has served as a valid medium for revealing insights into a company’s intentions and legitimacy. This data is […]
Signs Of Business Loan Fraud And How It Can Be Prevented
The advent of new technologies has paved the way for a new era of financial services within the digital ecosystem. Thanks to the milieu of fintech companies, small to medium-sized businesses can get access to capital resources easily. However, with new pathways, opportunities are rife for sophisticated fraud strategies, greatly harming the financial services industry. […]
GST: A New Data Source For Fintechs To Assess Loan Applications
When the government first introduced the Goods and Services Tax (GST) in 2017 to the Indian economy, there were several concerns about crossing over to this new tax regime. As it happens with every change, the new tax regime was not readily accepted by all. Nevertheless, it helped to re-organise the small and medium enterprises […]