There’s a lot of buzz going around embedded finance. It has surely emerged as a phenomenon in the last few years. If it is a challenge to traditional banking could be the next puzzle. Before we clear that air for you, let us look at the last financial year and what it has to say. […]
Why Your Loan Management System Needs an Account Aggregator Integration?
It is rare to see that all of the financial holdings of a borrower are in one place. The bulk of the time, they are scattered among various intermediaries and most likely fall within the jurisdiction of ten different regulators. For instance, a customer can have fixed deposits in three different banks, each under RBI’s […]
9 Features that make an Outstanding Loan Management Software in 2021
50% of people who want a loan and have access to the internet in India prefer to buy it online. It is stats like these that prove today’s consumer wants the ease of swift loans available without the hassle of dozens of bank visits. And this demand is not limited to loan origination. They want […]
How Lenders Can Benefit from Automated Loan Processing Systems
An automated loan processing system has become a strategic necessity for modern lenders, not just a technological upgrade. With rising default rates, shrinking creditworthy segments, and heightened customer expectations for digital-first experiences, traditional loan workflows can no longer keep up. Manual data entry, fragmented systems, and paper-heavy processes introduce delays, errors, and compliance risks that […]
How Effective Are Online Loan Management Systems in India?
TL;DR: Very effective. This is especially true in the aftermath of COVID-19. BCG’s Digital Lending report states that online lending in India will be worth upwards of $1 trillion by 2023. The estimate is evidence that fintech solutions like loan management systems are abundantly useful. It is the benefits they bring to lenders that make […]
Best Gold Loan Management System: Features to Look For
Gold loans have been one of the oldest forms of secured lending in India for centuries. Being a highly liquid asset, gold is the preferred collateral for many lending companies. Several financial institutions, including banks and NBFCs, have gold loans as an integral part of their business lending strategy. Challenges Faced By Lending Institutions in […]