Coding is an integral part of many everyday transactions and interactions for most people. It powers activities ranging from making payments on E-commerce sites, booking a cab or using Bluetooth in the car. As per a study by IBM, 65% of organisations use coding to reduce manual and repetitive tasks. As coding becomes pervasive across […]
Choosing the Right Credit Underwriting Software for Lending Needs
Underwriting is an important process in lending operations. A lender’s ability to predict creditworthiness seals the fate of the loan. Whether it will be repaid promptly, or become a non-performing asset, or worse still result in loan fraud, is an outcome of underwriting efficiency. Manual underwriting interventions are no longer sustainable, no matter how many […]
6 Ways Tech in Finance is Transforming Microfinance Institutions
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 […]