Lending businesses today are hopeful of achieving enhanced productivity, earn customer advocacy and bring home higher returns thanks to the digital revolution that is fast unfolding. Emerging technologies in the fintech world have resulted in improved transparency and regulatory compliance. We can see a handsome impact on consumer debt collection landscape in the market, due […]
Fintech Trends to Watch Out for in 2020
Fintechs, as we know it, are a solution for lending companies looking to leverage technologically advanced business functionalities and financial processes. The massive popularity of digital payments, digital lending, insurance, wealth management, or Robo-advisory, Fintechs offer lucrative avenues to lending businesses that aspire to lead the industry. In 2019, Fintechs are revolutionizing the way companies […]
7 Steps To Future Proof your Lending Business in India
To stay relevant in a rapidly evolving lending market, financial lending companies need to be future-ready. They need to embrace technology and practices with a long term horizon. Additionally, business processes at the lending firm should be amiable enough to accommodate changes in the ever-shifting regulatory landscape in the space. While it may sound like […]
Ways to Enhance Customer Experience in Digital Lending
Until recently, consumer lending involved outdated loan origination and approval processes with a long paper trail and high turnaround times. This often increased costs and impacted the customer experience. The online loan application experience often followed the same pattern as the offline counterpart. The outcome was redundant and inefficient processes, far from optimized lending solutions. […]
What Constitutes A 360-Degree View Of The Prospect And How It Helps In The Lending Process?
Both lenders and borrowers are stressed during the lengthy loan origination phase for their own selfish reasons. The time and resource-consuming phase of loan processing often leave borrowers impatient and desperate. However, lenders loathe loan origination for the painstaking amount of time that goes into paperwork assortment, document verification and manual evaluation. The new wave […]
5 Benefits Of Digital Lending
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 […]