Projections indicate that the credit demand in India is going to be worth $1.41 Tn by 2022. The growth rate in credit demand is estimated to be 3.73% between FY17 and FY22. The flourishing credit landscape has led to the growth of multiple lending startups in the country. Add to this, numerous other tech companies […]
Finezza’s India-made Document Detection & Data Retrieval Modifies Loan Management
The introduction of Artificial Intelligence (AI) and Machine Learning (ML) is revamping the way businesses and industries function. However, traditional and legacy industries like Banking and Financial Services continue to rely on manually managed processes. Not only are these processes paper-heavy and time consuming but also prone to data breaches and security risks. Traditional lenders […]
The Loan Lifetime Process: Can AI and ML Replace Feet-on-Street?
All right-minded businesses like to explore engagement opportunities with customers where the chances of getting the returns on their investment in terms of time and effort are the brightest. Pre-qualifying helps ascertain that a lead is likely to purchase if moved into the sales process. It ensures that a lead is interested in what the […]
Co-Lending: What is it? How it Works? How Will NBFCs Benefit From It?
By definition, co-lending is when a fintech firm comes together with a traditional lender, to disburse loans. The association allows fintech firms to source clients, perform credit appraisals and disburse a small part of the loan amount. On the other hand, the co-lending arrangement enables a bank to give out the more substantial chunk of […]
What Constitutes A 360-Degree View Of The Prospect And How It Helps In The Lending Process?
Both lenders and borrowers are stressed during the lengthy loan origination phase for their own selfish reasons. The time and resource-consuming phase of loan processing often leave borrowers impatient and desperate. However, lenders loathe loan origination for the painstaking amount of time that goes into paperwork assortment, document verification and manual evaluation. The new wave […]
5 Benefits Of Digital Lending
The traditional process of loan disbursement used to be gruelling for borrowers and lenders alike. Wrought with inconveniences like in-person application submission & manual verification, it remained a dreadful exercise until recently when it changed and for the better. The lending landscape is witnessing a paradigm shift towards digitisation and automation. Digital lending involves managing […]