India’s SME sector has the potential to drive innovation and job growth despite the challenges faced by the economy. However, it is hamstrung by a lack of credit as small business owners do not maintain proper books of accounts and in some cases, do not have enough business experience either. The lending risk is difficult […]
Here’s What 2020 Has in Store for NBFCs
NBFCs have become an integral part of the Indian lending landscape over the years. Since their inception in the 1960s, they have helped to provide a range of financial services to consumers and businesses across the country. As of March 2019, the total number of registered NBFCs in the country stood at 9,659. Despite the […]
India’s Neo-Banks: Lessons to Learn for Traditional Indian Banks and Lending Businesses
Initiatives like ‘Digital India’ and intense focus on the rapid adoption of digital technology propels the Indian banking industry towards a digital-only future. Rapid digital innovation in payments and transformation in systems enabled by digital technologies is widespread around the lending industry. This has given rise to the New-Age Digital Banks…also popularly called the ‘Neo-Banks’. […]
How Mobility can Transform the Lending Sector?
There is hardly any aspect of modern lifestyle that is untouched by mobile phone and allied technologies. Even financial lending companies are mobilising the sector at a fast pace due to mobile-obsessed times we live in. Lending businesses are better off by leveraging the avant-garde capabilities that the culture of mobility brings along as it […]
What Makes Finezza the Perfect NBFC Loan Management Software?
Finezza is an enterprise lending platform that aims at easing financial analysis and decision support for lending and fintech firms. It is built to provide customized solutions to all fintech lending companies looking at an AI-driven growth trajectory in the near future. Finezza creates a seamless experience for customers right from origination to servicing of […]
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 […]