We often talk a lot about credit bureaus and know that they are responsible for generating our credit scores. The credit information provided by these bureaus is used by various providers and businesses who want to assess the financial health and background of an individual. Let’s take a closer look at the prime functions of […]
Make Your Credit Evaluation Process Smarter With Finezza
Assessing the credit-worthiness of borrowers is a key component of lending success. Accuracy and time are of the essence when assessing counterparty risk. Yet the process of assimilating and analysing borrower information in order to assign a credit score when done manually is still prone to errors. It is also time-consuming, taking days or even […]
How Finezza’s Automation Technology Helps In Credit Card Evaluation
Credit cards are an essential component of the lending landscape that bless borrowers with incredible financial convenience. It helps them navigate through occasional short terms of financial distress. The criteria for lending decisions vary from lender to lender. Credit analysts often grapple with factors like multiple credit scores, absence of credit history, frequency of bill […]
How Credit Bureau Data can Help Lenders Predict Defaults and Save Money
Retail loans – the only remaining bright spot on the books of Indian lenders so far – have begun their downward slide. Experts say that it was only a matter of time before the developments on the unemployment front and successive collapse of large banks took its toll on the consumer loan segment. A liquidity […]
Drive Upsell Opportunities by Leveraging Credit Bureau Data
Upselling to the existing customer base is a key pillar of the overall marketing strategy followed by lenders to increase Customer Lifetime Value and keep customer acquisition costs down. The spin-off effect on retention is an added benefit. However, traditional segmentation techniques based on demographics like income and location are barely sufficient to identify the […]
Decoding the RBI restrictions on Customer’s Credit Data & How it impacts the lending process for NBFCs
Projections indicate that the credit demand in India is going to be worth $1.41 Tn by 2022. The growth rate in credit demand is estimated to be 3.73% between FY17 and FY22. The flourishing credit landscape has led to the growth of multiple lending startups in the country. Add to this, numerous other tech companies […]