The advent of new technologies has paved the way for a new era of financial services within the digital ecosystem. Thanks to the milieu of fintech companies, small to medium-sized businesses can get access to capital resources easily. However, with new pathways, opportunities are rife for sophisticated fraud strategies, greatly harming the financial services industry. […]
How Finezza Helped Gromor Improve Their Loan Management Process
Gromor Finance is a leading fintech company set up with a vision to make small business owners sustain financially. For their lending management solution, they relied on Finezza. Here’s how Gromor benefited by automating their disparate processes and improve its loan processing efficiency, using Finezza. It also enabled improved customer experience. Introduction Gromor Finance is […]
Finezza: The Unique Lending Lifecycle Management Tool Your Business Needs!
For small business owners, business loans are opportunities – either to grow the business, to upgrade their equipment/technology, to hire new people, or to simply meet their working capital needs. When they approach a lender, there are a few things they expect from the lender: An easy loan application process. Security of the submitted documents. […]
Why Loan Delinquency is a Wake-Up Call for MFI Lenders and the Industry
Did you know that rising loan delinquency rates can lead to significant opportunity costs and damage the reputation of Microfinance Institutions (MFIs)? According to a recent Business Standard report, non-banking financial companies (NBFCs) focusing on microfinance may face higher credit costs due to increasing loan delinquencies. In addition, the asset growth of these companies is […]
What is the India Fintech Stack: A Guide to Seamless Digital Lending for NBFCs?
Did you know that Non-Banking Financial Companies (NBFCs) can leverage data and digitisation to facilitate lending? It can lead to reduced costs, faster approvals, and increased financial inclusion. According to BCG, this might enable a 15X growth in this market, reaching INR 7 lakh crore in annual disbursements. But what drives this growth? It is […]
Some Ethical Considerations in AI-Driven Bank Statement Analysis
Artificial intelligence (AI) is set to become an integral part of the financial landscape, including balance sheet analysis for decision-making. AI-powered solutions can help lenders improve efficiency by reducing processing time and increasing productivity. While its integration offers numerous benefits, the use of AI in the financial domain also raises some ethical concerns like the […]