Lending businesses today are hopeful of achieving enhanced productivity, earn customer advocacy and bring home higher returns thanks to the digital revolution that is fast unfolding. Emerging technologies in the fintech world have resulted in improved transparency and regulatory compliance. We can see a handsome impact on consumer debt collection landscape in the market, due […]
Key Things to Consider when Investing In a Lending Management System
A lending management system can turn around the way the business runs at a lending firm by streamlining the core business functions at the company. Regardless of the size of the lending business, a quality loan servicing software can not only save time and money for a business but also please the end customers of […]
Fintech Trends to Watch Out for in 2020
Fintechs, as we know it, are a solution for lending companies looking to leverage technologically advanced business functionalities and financial processes. The massive popularity of digital payments, digital lending, insurance, wealth management, or Robo-advisory, Fintechs offer lucrative avenues to lending businesses that aspire to lead the industry. In 2019, Fintechs are revolutionizing the way companies […]
How Risk Analytics Influence Customer Experience?
Recent developments in computing power and advanced analytics, along with the rise of big data, enables businesses to be better at what they do and how they do it. More and more companies are leveraging the power of data to gain a comprehensive view of their businesses and make profitable decisions. When it comes to […]
7 Steps To Future Proof your Lending Business in India
To stay relevant in a rapidly evolving lending market, financial lending companies need to be future-ready. They need to embrace technology and practices with a long term horizon. Additionally, business processes at the lending firm should be amiable enough to accommodate changes in the ever-shifting regulatory landscape in the space. While it may sound like […]
Stages in Loan Origination Process Explained
Loan Origination Process is the initial and most crucial stage in loan servicing. With a renewed focus on customer engagement & satisfaction, lenders are concentrating on the elements of design & delivery that fulfil customers’ expectations first. The process differs for every lending company. All lenders are free to choose a loan origination process that suits […]