Machine learning is enthusiastically integrating into our lives and changing how we make decisions every day. Machine learning technologies leverage historical data and user behaviours to predict patterns and make automated decisions. The rapid pace at which the machine learning technology is accelerating is leading businesses to change the way they operate. Applications of Machine […]
Decision Management System: A Safeguard Against Financial Risks
A sturdy decision management system can be a lender’s safeguard against financial risks that the credit evaluation process exposes them to. It harbours a promise of distinct competitive advantage to lenders with improved and flawless decision making. Fast-tracking the credit evaluation and risk management process at the lender’s end ensures increased financial security. It also […]
6 Key Challenges of Fintech in India
A recent report suggests that the total credit demand in India is projected to be worth $1.41 Tn by FY 2022. Between FY17 and FY22, the estimated growth rate of credit demand is 3.73%. Widespread internet penetration in the Indian subcontinent, multiple players in the market, and governmental policies that focus on digitisation have led […]
How To Choose The Right Loan Origination System For Your Business?
Consumer behaviour in the lending industry is evolving fast to match the paradigm shift in financial markets. Borrowers today expect instant loan approvals on the tap of the button, in a single click. Legacy loan origination systems and traditional processes that warrant manual intervention do not allow such levels of sophistication at the time of […]
How Digital Lending Startups are Leading the Fintech Revolution?
Traditional banks did enjoy a monopoly in financial markets for the longest time as they boasted of licenses and regulations to back them up. With the advent of globalisation, banking in itself has undergone a tremendous revolution of sorts. Today, there is an intense global competition, large markets to serve and the popularity of technical […]
Role of Banks Statement Analysis in Lending Risk Management
A bank statement gives a view of all the transactions undertaken by the account holder including deposits, withdrawals, transfers, debit card payments, interest earned, bank service fees, as well as the other installments they are paying over a fixed span of time. All prospective lenders ask for a copy of the applicant’s bank statement from […]