Today, the lending landscape is promising for ambitious lenders. For instance, the estimated credit gap of INR 33 trillion in Micro, Small, and Medium Enterprises (MSMEs) presents an opportunity for lenders to service this sector more efficiently. However, existing systems cannot accurately underwrite MSME businesses due to their unique needs and lack of credit history. Adopting […]
Automated Loan Processing System: Speed Up Approvals with Straight-Through Processing
Manual loan processing, from origination to disbursement and collections, is time-consuming and requires significant effort. It is also inefficient and error-prone, resulting in lenders spending time and resources troubleshooting. Increasing loan application volumes and customer expectations are pushing lenders to seek efficient loan processing solutions to help them speed up their loan approvals. In this […]
How Is Alternative Data Revolutionising Credit Underwriting Software
As the lending industry grows and lenders attempt to scale quickly, lending businesses are at greater risk of making poor decisions inadvertently. Poor decision-making often results in the growth of non-performing assets (NPAs) and potentially funding fraudulent borrowers. Therefore, lenders need access to various data points to make data-driven decisions. Merely evaluating income statements or […]
Slash Loan Processing Time: Tips to Optimize Your Loan Origination Process Flow
The lending industry is considered a key driver of economic growth in India. On the business side, lenders are attempting to fill the credit gap, enabling businesses of all sizes and scales to reach their full potential. On the retail side, timely and affordable loans enable consumers to fulfil various aspirations, from purchasing a home […]
The Role of Duration Gap Analysis in a Lender’s Asset Liability Management
Lenders are often exposed to different types of risks, interest-rate risk being one of them. Interest rate risk stems from unexpected fluctuations in the interest rates in the market due to changes in the monetary policy, inflation and economic growth. Lenders protect themselves from the risk of default by borrowers by carrying out a thorough […]
6 Ways Loan Management Software Can Help Lenders Deliver Excellent Customer Experiences
With rapid digitalisation, we are also witnessing a shift in the lending sector as the number of secured and unsecured loans continues to move in an upward trajectory year-on-year. As per recent estimates: Unsecured personal loans have increased by almost 4x in the period between FY 17 and FY 23, from 4.26 lakh crore in […]