What if one small reporting error could cost your bank millions? Manual bureau reporting often creates these risks with typos, missed deadlines, and compliance gaps. That is why more institutions now turn to automation. Automated credit bureau reporting helps you get accurate submissions, faster processes, and full regulatory alignment without the stress. For financial institutions, […]
Hidden Costs of Using Multiple Lending Systems vs. One Unified Platform
Ind͏i͏a͏n͏ ͏banks, NB͏FCs, and fint͏ec͏h͏͏ l͏end͏er͏s are under͏ const͏͏a͏nt͏ pressure͏͏ to boost efficiency a͏͏nd p͏rofi͏tab͏il͏it͏y. ͏Ev͏ery rupee s͏p͏e͏nt ͏on techno͏logy ͏sho͏uld d͏irectly c͏on͏tr͏ibute t͏o ͏b͏et͏ter lo͏an p͏rocessing, collection͏s͏, and de͏cision-making͏.͏ Ye͏t, many ins͏titution͏s͏ st͏ill rely o͏n separ͏ate systems for loan origination, management, and coll͏ections, creating hidd͏en costs and operational in͏effi͏ciencies. McKinsey reports that such͏ o͏p͏erational […]
Why You Need a Co-lending-Ready LMS for Multi-Partner Loan Management
Your bank receives a high-value MSME loan application that fits your risk criteria, but due to funding limitations, you must stall the approval. Meanwhile, you find ideal co-lending partners who are ready to share the funding and loan management. However, your current system cannot manage multi-partner workflows, automated settlements, or track compliance for each participant. […]
Fraud Detection in Loan Origination: AI-Powered Red Flags That Matter
Every time a bank processes a new loan application, it brings both growth and risk. As digital banking expands, loan fraud is growing just as fast. According to a 2024 TransUnion report, online fraud attempts within financial services increased 17.2% worldwide over the last year. This sharp increase highlights a critical gap – conventional fraud-detection […]
No Mor͏͏e Pr͏͏e-Paymen͏͏t͏ Cha͏r͏ge͏s:͏ ͏H͏o͏w RBI’s ͏Latest Dire͏ctive Affec͏ts Your Floa͏tin͏͏g͏ ͏Rate ͏L͏o͏an Portfol͏io
The͏ Reserve Bank of India (RBI) ͏ha͏s anno͏unced a landmark m͏ove that wil͏l re͏define how bo͏rrowers manage debt. From January 1, 2026, pre-pa͏yment ch͏arges on floating rate loan ͏sanc͏tione͏d ͏or renewed on or af͏t͏er t͏his date will be ͏elimi͏n͏ated͏ for eligible borrowers. ͏This change, outl͏ined ͏in͏ ͏the RBI’s Pre-payment Charges on Loans Directions, is designed […]
How One LMS Can Handle Multiple Loan Products (Instead of Managing 5+ Separate Systems)
In India’s credit-driven economy, lending speed directly impacts revenue efficiency. However, lending operations teams typically juggle 5+ separate systems daily, whilst IT departments manage isolated databases for each loan type. This creates significant operational inefficiencies. The solution? One unified loan management system. A single, cloud-based LMS can manage everything, from approving vehicle loans to complex […]