India is a young and developing economy with a population of more than 1.4 billion people. Until the last decade, the country grappled with various challenges across multiple fronts, hindering its overall progress. While most of the problems still exist, we focus on one particular area that deserves the limelight and widespread appreciation: India’s push […]
Evaluating Invoice Financing Options to Improve Cash Flows and Lending Opportunities
Businesses of all sizes experience cash flow challenges at some time or another. One unique circumstance is when a business receives a sizable order from a client. However, in many cases, they cannot fulfil the order due to a lack of funds to produce the product. For instance, they may be unable to order raw […]
Maximising Financial Efficiency: How Lenders Benefit from Adopting Virtual Credit Card
According to Juniper research, virtual card transactions are projected to reach 175 billion by 2028. As identity theft remains a constant concern, virtual card numbers provide a secure alternative for online transactions, offering peace of mind while simplifying payments. These numbers offer a secure, streamlined way for both individuals and businesses for payments. Today, lenders are […]
4 Innovative Ways How Fintechs are Transforming Traditional Lending Life Cycle
The proverbial story of the chicken and egg is the ideal when it comes to depicting the reality of the Indian lending landscape. Borrowers require a lending score to borrow money but do not have anything as such since they have never applied for a loan before. Traditionally, borrowers also had to comply with the […]
5 Ways a Cloud-Based Lending Software Can Transform Small Business
The Micro, Small and Medium Enterprise (MSME) market has been disadvantaged in the traditional banking ecosystem. Due to various factors, banks have prioritised credit to corporations and big businesses over small businesses. According to statistics, India has a total of 633.9 lakh MSMEs in India, comprising 630.5 lakh micro-enterprises and 3.3 lakh small businesses. The […]
Choosing the Right Credit Underwriting Software for Lending Needs
Underwriting is an important process in lending operations. A lender’s ability to predict creditworthiness seals the fate of the loan. Whether it will be repaid promptly, or become a non-performing asset, or worse still result in loan fraud, is an outcome of underwriting efficiency. Manual underwriting interventions are no longer sustainable, no matter how many […]