The Indian financial ecosystem is witnessing rapid changes thanks to the increasing demand for technology integration into conventional financial operations. Traditionally, although most banks and other financial institutions claimed to offer top-notch customer service and experiences, the reality painted a different picture. Despite these reassuring claims, banks were gradually – for the wrong reasons. The […]
6 Ways Loan Management Software Can Help Lenders Deliver Excellent Customer Experiences
With rapid digitalisation, we are also witnessing a shift in the lending sector as the number of secured and unsecured loans continues to move in an upward trajectory year-on-year. As per recent estimates: Unsecured personal loans have increased by almost 4x in the period between FY 17 and FY 23, from 4.26 lakh crore in […]
Competitive Edge: Exploring the Advantages of Implementing Loan Recovery Software
The lending business has become much more competitive over the last few years, with banks, Non-Banking Financial Companies (NBFCs), neo-banks, and even newer players, such as payment apps, vying to expand their customer base. In this landscape, lenders invest a significant amount of time in building robust revenue-optimising strategies. Typically, they tend to focus their […]
Can Modern Features of Commercial Loan Management Software Transform Your Lending Operations?
The traditional process for disbursing commercial loans relies heavily on manual workflow, making it time-consuming and prone to errors. As the demand for credit by businesses and MSMEs increases rapidly, lenders seek contemporary solutions such as commercial loan management software that help them improve their efficiency and meet customer expectations. As per Statista, the value […]
Is a Line of Credit a Good Addition to Your Lending Products?
Credit plays an integral part in the economic progress of a country and an individual; credit helps fulfil goals and aspirations and aids in development. Individuals and businesses require different categories of credit facilities depending on the requirements, and lenders offer diverse credit products to meet the needs of their customers. Three primary types of […]
Say Goodbye to Spreadsheets: Learn Why You Need Loan Management Software
When spreadsheets were first launched in 2006, this brand-new innovation revolutionised the way businesses processed and stored financial data. In particular, financial institutions benefit because spreadsheets automate several tasks With the acceleration of digital transformation over the last three years, the amount of data being generated has increased exponentially. For instance, the number of digital […]