There is hardly any aspect of modern lifestyle that is untouched by mobile phone and allied technologies. Even financial lending companies are mobilising the sector at a fast pace due to mobile-obsessed times we live in. Lending businesses are better off by leveraging the avant-garde capabilities that the culture of mobility brings along as it […]
How Finezza Helped Gromor & Udhyam Alter Bengaluru’s Iron-walas
In addition to helping leading NBFCs and banks optimise their lending lifecycles and processes, Finezza is also helping small businesses get access to credit in an efficient manner. Small and medium enterprises (SMEs) are the largest employment generators in the country with more than 40% of the total workforce employed by it. Since the sector […]
Rеsponsiblе Financе: ͏RBI͏’s Cal͏l f͏or Ethica͏l Practicеs in Both Lending and Bor͏row͏ing
With banks a͏nd fintech companies i͏ncrеasi͏ngly rе͏lying on artificial int͏еlligе͏nc͏е (AI) a͏nd machinе lеarning (M͏L͏) to as͏sеss crеditworthin͏еs͏s,͏ t͏hеrе’s a prеssing nееd to foc͏us on͏ rеspon͏siblе lending practicеs. However, thе͏ problеm is t͏hat whilе tеchno͏logy ͏advancеs͏ rapidly, ͏е͏thica͏l standar͏ds oftеn lag bеhind. This imbalance can lead to issues for both lеndеrs and borrowеrs. Let us […]
Leveraging Cloud Integration for Reporting and Analytics in Loan Management Software
If there is any secret to staying long-relevant in a highly competitive sector, adaptability and flexibility come at the top. The old traditional practices of manual data handling and driving insights have often hindered scalability in lending businesses. In this scenario, cloud Integration emerges as a powerful solution for addressing these shortfalls. Cloud computing can […]
Tackling NPA: How Advanced Lending Software Solutions Are Helping Indian Banks
The growth of Non-Performing Assets (NPAs) continues to be a top concern for digital lenders, today. According to reports, Indian banks continue to face challenges in recovering debt. India’s 39 Debt Recovery Tribunals (DRTs) and five Debt Recovery Appellate Tribunals (DRATs) struggle to cope with the volume of cases. Though 60,000 new cases are reported […]
5 Most Common Types of Bill Discounting in India
Imagine this scenario. You are eagerly waiting for your clients to clear your invoice and make the necessary payments, only to discover that it could take a bit longer than anticipated. Not an ideal scenario, right? It puts a massive strain on your small to medium-sized business’s cash flow, compelling you to turn to financial […]