Amid reports of slowing credit growth owing to the coronavirus crisis, lenders are looking to streamline their operations and eliminate inefficiencies. From shutting down non-profitable branches to digitising workflows, there is a clear push to cut costs and increase customer engagement. Automated loan management systems with built-in analytics are attracting a lot of interest from […]
How to Build an Early Warning System for your Loan Portfolio?
Indian banks are struggling with the aftermath of bad loans and NPAs they have faced in the recent past. Following the series of deteriorating trends, the banking stability indicator worsened further due to the global economic uncertainty in 2020. Gross non-performing assets (NPAs) of Indian banks are all set to worsen to 11.3-11.6 per cent […]
11 Features of the Perfect Loan Management Software
Legacy loan management systems make the lending management process unduly tough for lending officers thanks to the large scale manual processes involved. Given the gradual increase in demand for credit, lending companies find it impossible to cope with the outdated loan management solutions that follow a fragmented approach. Financial lending companies need a solution that […]
How Can Cloud Technology Transform Your NBFC?
Intense competition in the lending markets demands that all lenders streamline their processes and routines to service the growing demand for credit. Thus, financial lending companies like NBFCs and MFIs need to leverage time-saving technologies to optimise their operations. For example, manual processes of legacy loan management systems often fail to match the massive amount […]
How To Choose The Right Loan Origination System For Your Business?
Consumer behaviour in the lending industry is evolving fast to match the paradigm shift in financial markets. Borrowers today expect instant loan approvals on the tap of the button, in a single click. Legacy loan origination systems and traditional processes that warrant manual intervention do not allow such levels of sophistication at the time of […]
Why You Need A Cloud-based Loan Management System?
Highly competitive lending markets need players to streamline processes and routines to service the high demands they are facing. There is a dire need to leverage time-saving technology for optimal efficiency whenever possible. When it comes to loan management, manual processes fail to handle the massive amount of data they come across on an everyday […]