Effective risk management is crucial for lenders as it helps them identify, evaluate and mitigate risks. The rapid growth of credit operations, rising customer expectations for personalised solutions and lower turnaround further emphasise the need for robust risk assessment and management tools. As per a report in Hindu Business Line, retail loans grew at a […]
Innovations in Lending: Exploring the Significance of Lending Software in India
It is no overstatement that India stands at the forefront of financial innovation in today’s rapidly evolving landscape. Among the sectors witnessing transformative changes, lending has emerged as a key beneficiary, largely driven by lending software in India. Projections suggest that digital lending in India will approach a remarkable market cap of nearly 350 billion […]
How Lending Lifecycle Management Can Help Lenders Optimise Finances
The lending industry has become extremely competitive over the last few years. Traditional players such as banks and non-banking financial companies (NBFCs) have undergone digital transformation to keep pace with demand and unlock new opportunities. Several digital banks, neobanks, digital lending apps, and peer-to-peer lending platforms have mushroomed to make credit more accessible to a […]
Debt Factoring vs Account Receivable Financing: What To Choose?
Uninterrupted cash flow is the lifeline for all businesses; however, it is not uncommon for companies to have considerable gaps between a sale and receiving payment, which can disrupt their liquidity. As a result, ensuring smooth cash flow can be quite challenging for businesses, especially the ones that allow long credit periods to their customers. […]
Seeking a Banking-as-a-Service Partner? Understand These Risks & Complexities
Banking-as-a-Service (BaaS) has emerged as an innovative factor in the realm of finance. It makes it possible for non-banking enterprises, such as fintech startups, e-commerce platforms, etc., to offer banking services to their customers without establishing a conventional bank. According to projections, the BaaS business model will generate around USD 30 billion in revenue in […]
5 Most Common Types of Bill Discounting in India
Imagine this scenario. You are eagerly waiting for your clients to clear your invoice and make the necessary payments, only to discover that it could take a bit longer than anticipated. Not an ideal scenario, right? It puts a massive strain on your small to medium-sized business’s cash flow, compelling you to turn to financial […]