The traditional process of loan disbursement used to be gruelling for borrowers and lenders alike. Wrought with inconveniences like in-person application submission & manual verification, it remained a dreadful exercise until recently when it changed and for the better. The lending landscape is witnessing a paradigm shift towards digitisation and automation. Digital lending involves managing […]
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 […]
7 Ways To Make Debt Recovery Easier: Loan Recovery Strategies for Banks!
Loan disbursement, as we know it is only the beginning of a hopeful span of repayment period where a lender expects to receive small debt recovery payments. However, when left unmonitored, this period can run havoc on the revenues of the loan dispensing company. NBFCs, MFIs and other lending institutions often come under the […]
Signs Of Business Loan Fraud And How It Can Be Prevented
The advent of new technologies has paved the way for a new era of financial services within the digital ecosystem. Thanks to the milieu of fintech companies, small to medium-sized businesses can get access to capital resources easily. However, with new pathways, opportunities are rife for sophisticated fraud strategies, greatly harming the financial services industry. […]
14 Factors To Consider Before Zeroing In On A Loan Management Software!
Are you struggling with a manual loan management process? Or are you unable to cope with disparate loan origination and management systems that offer a fragmented view of the process? Cut down all the paperwork and make your loan management process cost-effective with a singular loan management software that solves all your needs. An automated […]
5 Ways In Which AI Is Revolutionising The Lending Business In India
Interactive web-based connections have almost entirely taken over face-to-face communication. The impact of AI is all-pervasive in our day-to-day lives. All industries have now incorporated it into their operations, and lending businesses are no exception. The financial deregulation led to a sea of changes in the banking and financial services industry with the mushrooming of […]