The Reserve Bank of India (RBI) introduced Credit Line on UPI in September 2023, a move designed to bridge credit gaps and make credit more affordable and convenient for the underserved population. Additionally, the decision could also encourage credit card users to switch to UPI credit lines, providing a seamless credit alternative other than conventional […]
What are the Key Features to Look for in Loan Origination Software?
Lending is a dynamic industry. To succeed, lenders must adapt to evolving regulations, industry practices, and customer expectations. In this context, embracing automation and digitisation can help them streamline their operations and adapt to changing needs. The loan origination software(LOS) can be a useful instrument, allowing lenders to make the loan application and disbursal processes […]
Revolutionising EMIs: How CLOU (Credit Line on UPI) is Redefining India’s Credit Landscape
The launch of UPI in 2016 has transformed the financial landscape in India. However, there remained a gap in how the credit was accessed. India’s credit access and repayment system is a lengthy and cumbersome process that feels like a trap more than a solution. The introduction of CLOU (Credit Line on UPI) is set […]
Understanding the Types of Invoice Financing: Factoring vs. Discounting
Maintaining cash flows efficiently is an important aspect of business growth. Companies budget a certain amount of funds to help meet their production expenses. However, sometimes, companies may need a sudden influx of cash to help fund an order of a larger ticket size. This is where access to invoice financing can help them fulfill […]
Exploring the Potential of Decentralised Finance (DeFi) in Loan Management
Decentralised Finance (DeFi) is an umbrella term for a financial system built on blockchain technology. It aims to provide an open, permissionless, and decentralised alternative to traditional financial setups. Compared to the conventional loan management process, DeFi lending does away with intermediaries, connecting the lender and the borrower directly. The global decentralised finance market was […]
Leveraging Cloud Integration for Reporting and Analytics in Loan Management Software
If there is any secret to staying long-relevant in a highly competitive sector, adaptability and flexibility come at the top. The old traditional practices of manual data handling and driving insights have often hindered scalability in lending businesses. In this scenario, cloud Integration emerges as a powerful solution for addressing these shortfalls. Cloud computing can […]