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 […]
5 Common Lending Challenges Faced By NBFCs and How The Right Lending Lifecycle Management Software Can Help Overcome Them?
A significant component of modern Indian financial market, Non-Banking Financial Corporations (NBFCs) are fuelling the economy and for the better. The diverse credit outlet they offer to clients makes them the preferred choice of SMEs for loans, over traditional banker. NBFCs boast of highly customised services to suit the needs of particular clients. Common Lending […]
What You Should Look For When Analysing A Loan Applicant’s Bank Statements?
Bank statements are a great source important financial information, when assessing a loan applicant’s eligibility for a business loan. A loan applicant’s bank statement gives a periodic record of all the transactions undertaken by the applicant like deposits, withdrawals, cash transfers, debit card payments, interest earned, bank service fees, as well as the other instalments […]
Understanding How Finezza Can Streamline The Loan Origination System
“What is your biggest challenge in initiating the loan process?” This was the question posed to bankers in a recent survey by Moody’s Analytics. The Answer: 56% of bankers reported manual data collection and further back and forth talks with client. The commercial lending landscape to tackle the above issues has begun to witness a […]