As we move from the era of mobile-friendly to the age of mobile-first markets, businesses ought to prepare for the transformation. More salient is the fact that we, as users, are all sworn into the convenience that mobile experiences promise. The fact that mobile traffic has outpaced the desktop traffic in the business world bears […]
What Makes the Ideal NBFC Software?
Ever-increasing competition in the lending market and high cost of borrowing involved highlighting a need for more business players to follow agile practices. A lending business that supports a customer-centric approach by including technological integrations and innovations enjoys an edge above the rest. Thus, NBFCs must embrace smart technology. Today’s borrowers are high maintenance and […]
What Makes Finezza the Ideal Corporate Lending Solution?
Weakening demand and a series of defaults have left NBFCs gasping for breath. Banks have been wary of providing them much needed cash due to spiralling NPA volumes. The overall business sentiment in the market has been affected. The lack of liquidity has hit the corporate loan segment hard. Case in point: The top 500 […]
How Can Indian Companies Register As NBFCs
Despite the liquidity crisis, the Indian NBFC sector grew at a respectable pace to INR 30.9 lakh crore in 2018-19 from INR 26.2 lakh crore in 2017-18. In order to stem asset-liability imbalance, the RBI has been strictly enforcing registration requirements for newly registered NBFCs. In an unprecedented crackdown, the RBI cancelled 1,701 NBFC licenses […]
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 […]