Some of the most pressing factors to an urgent need to digitise credit risk management are competition from digitally strong, emerging fintech firms, highly volatile market conditions and cyber security threats that can lead to data privacy issues. The pace of technological disruption has never been stronger than now, and organisations need to ramp up […]
8 Benefits of Cloud-based Loan Origination and Loan Management System
In today’s commercial lending market, cloud-based solutions are increasingly serving loan origination and loan management requirements, shifting from manual operations to cloud automation built on the premise of easy access, scalability, and speed. As financiers signal their increased appetite for consumer lending, it is important to speed up digitisation and cater to the newer generation […]
How Lenders Can Benefit from Automated Loan Processing Systems
An automated loan processing system has become a strategic necessity for modern lenders, not just a technological upgrade. With rising default rates, shrinking creditworthy segments, and heightened customer expectations for digital-first experiences, traditional loan workflows can no longer keep up. Manual data entry, fragmented systems, and paper-heavy processes introduce delays, errors, and compliance risks that […]
Tips to Identify Fake Document for Fraud Prevention
The use of fake document remains a key source of financial fraud across India. In the fiscal year 2023, the Reserve Bank of India (RBI) reported bank frauds exceeding ₹21,367 crore, highlighting the significant impact of fraudulent activities on the financial sector. The increasing reliance on digital platforms for customer onboarding has made it easier […]
Why Is A Loan Management Software At The Core Of A Future-Enabled NBFC?
India’s Non-Banking Financial Companies or NBFC sector continues to be at the forefront of driving credit outreach for the country’s underserved low-income, retail, and MSME market. The total asset size of all NBFCs in India is more than $370 billion, and they provided close to 20 per cent of all credit in India till March […]
What Makes Finezza the Perfect Gold Loan Software?
India has the largest stock of privately held gold, estimated at 20,000 to 25,000 tonnes approximately. Typically, in an Indian household, gold is held idle in lockers and vaults and only used occasionally. It’s a drag on the economy wherein crores of rupees in savings is stashed away out of the financial system. However, thanks […]