2020 has been a tough year for small and medium enterprises (SME) in India. With B2B customers delaying invoice payments well beyond the usual Net30 or Net60, i.e 30 to 60 days after the due date, maintaining liquidity became a huge challenge for suppliers. On the other end of the spectrum, many start-ups and small […]
Virtual vs In-Person: Are Loan Management Systems Reliable?
Lending is the lifeline that fuels the financial growth of all businesses and individuals. In such a scenario, having a robust lending system becomes imperative for the overall growth of the economy. As the entire global financial systems make a rapid shift towards digitisation, this has forced the lending industry to look beyond the traditional […]
Neobanks for Teenagers: A New Opportunity in India’s Financial Horizon
Neobanks are financial technology-based banks that operate totally in the digital and mobile space. As of 2020, Neobank is still a relatively newer terminology and less understood by most of the traditional banking customers. Nevertheless, it is slowly but steadily gaining its popularity among teenage banking customers in India and also across the globe. What […]
Fintech and Cybersecurity: How to Manage Risks in this New Financial Era
Fintechs have garnered attention in all industries including banking and capital markets, asset and wealth management, insurance, funds transfer and payments. The lending and payments sectors are expected to witness a high level of disruption with the emergence of online platforms that enable the entire lending or borrowing process, peer to peer personal loans and […]
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 […]
Exploring Finezza’s Loan Management System: Features and Benefits
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 […]