The microfinance sector has evolved rapidly since Muhammad Yunus pioneered the movement around three decades ago. India, one of the fastest-growing economies in the world, banks on microfinance for sustainable growth and economic development due to the significant rise in the number of micro, small, and medium (MSMEs) seeking swift, organised, and streamlined access to […]
Challenges of Invoice Financing for Lenders and its Alternatives
There is usually a delay between the sale and receiving payment, which, for some businesses, takes longer to settle. To counter this issue, companies offer credit services to boost their sales, edge out competitors and build better customer relations. However, in the meantime, the business also needs to continue its daily operations as usual, which […]
6 Market Trends in Cloud-Based Lending Software: Decoded
The lending industry worldwide has grown extensively over the last few years. Lenders are on a spree to close the deficit in credit access within the business arena through digital innovation. As of 2022, the global digital lending platform market was valued at $ 9.56 Billion. It is projected to accelerate at a compound annual […]
Digital Lending Solutions: 4 Factors Revolutionizing India’s Financial Ecosystem
India’s economy has stood firmly in the last few years despite grappling with internal and external hurdles. As of now, the country’s financial ecosystem is evolving at a rapid pace with the widespread adoption of digital lending solutions, driven by notable advancements in financial technology (Fintech), the entry of non-banking financial companies (NBFCs), positive regulatory […]
10 Ways Automated Lending System Helps Lenders Mitigate Risk
Effective risk management is crucial for lenders as it helps them identify, evaluate and mitigate risks. The rapid growth of credit operations, rising customer expectations for personalised solutions and lower turnaround further emphasise the need for robust risk assessment and management tools. As per a report in Hindu Business Line, retail loans grew at a […]
Innovations in Lending: Exploring the Significance of Lending Software in India
It is no overstatement that India stands at the forefront of financial innovation in today’s rapidly evolving landscape. Among the sectors witnessing transformative changes, lending has emerged as a key beneficiary, largely driven by lending software in India. Projections suggest that digital lending in India will approach a remarkable market cap of nearly 350 billion […]