The lending industry has become extremely competitive over the last few years. Traditional players such as banks and non-banking financial companies (NBFCs) have undergone digital transformation to keep pace with demand and unlock new opportunities. Several digital banks, neobanks, digital lending apps, and peer-to-peer lending platforms have mushroomed to make credit more accessible to a […]
Debt Factoring vs Account Receivable Financing: What To Choose?
Uninterrupted cash flow is the lifeline for all businesses; however, it is not uncommon for companies to have considerable gaps between a sale and receiving payment, which can disrupt their liquidity. As a result, ensuring smooth cash flow can be quite challenging for businesses, especially the ones that allow long credit periods to their customers. […]
How Automated Loan Processing System Is Helping Lenders Cut Costs
The lending industry has grown exponentially in the last few years. A mix of automated loan processing system, banks, and Non-Banking Financial Companies (NBFCs) are aggressively growing their loan verticals. On top of that, several payment platforms and eCommerce companies are also entering the highly competitive lending space. In the third quarter of 2023, digital […]
Transforming the Lending Life Cycle with AI and Data Analytics
The digital lending life cycle space in India is growing exponentially. The Research and Market Report revealed the Indian Digital Lending Platform Market is anticipated to grow at a CAGR of 27.95% and grow to $2507.55 million by 2027. Artificial Intelligence (AI) and data analytics are helping lenders sustain and fuel this growth via a […]
Managing Credit Risk Analysis and Scoring Using Lending Management Software
Credit risk analysis is a vital process that helps lenders assess the possibility of the borrower defaulting and the loss they may incur if the borrower fails to repay the contractual loan obligations. It often goes beyond credit analysis, primarily focusing on the borrower’s creditworthiness. In contrast, credit risk analysis assists a lender in achieving […]
Crucial Features and Capabilities of Micro Loan Management Software
Micro loans play a crucial role in promoting financial inclusion and aiding small businesses and individuals in urgent need of funds. However, as demand rises, managing them becomes complex. To address this challenge, financial institutions adopt Micro Loan Management Software, an advanced tech solution that accelerates the loan origination and lifecycle process, adds flexibility and […]