Biometrics is slowly becoming an integral part of our daily lives with the advent of fingerprint-sensitive smartphones and laptops and is spreading to other places we hardly considered before. The primary aim of biometrics is to identify an individual in a 100% accurate way that cannot be stolen or compromised. While fingerprint biometrics is widespread, […]
What Makes Finezza the Perfect Gold Loan Software?
India has the largest stock of privately held gold, estimated at 20,000 to 25,000 tonnes approximately. Typically, in an Indian household, gold is held idle in lockers and vaults and only used occasionally. It’s a drag on the economy wherein crores of rupees in savings is stashed away out of the financial system. However, thanks […]
Can Computer Analytics Make Borrower Profile Assessment Safer?
Lending is a big business in India, which both, directly and indirectly, touches upon all parts of the economy and people. Apart from the banking sector, several NBFC players contribute to a major percentage of the lending business. With millions of Indians holding loans worth crores of rupees, any technology that can make life easier […]
Make Your Credit Evaluation Process Smarter With Finezza
Assessing the credit-worthiness of borrowers is a key component of lending success. Accuracy and time are of the essence when assessing counterparty risk. Yet the process of assimilating and analysing borrower information in order to assign a credit score when done manually is still prone to errors. It is also time-consuming, taking days or even […]
How Digital Footprint Data is Shaping the Future of Credit Scoring?
With changes in the way transactions are processed and payments are made, the system for accessing risks or loan underwriting must also change. Lending companies are undoubtedly a susceptible target of fraudsters, especially in the times of digital banking. Where traditional credit scoring fails miserably during digital lending, digital footprints can help make up for […]
How Machine Learning Can Transform the Face of Financial Services?
Machine learning is enthusiastically integrating into our lives and changing how we make decisions every day. Machine learning technologies leverage historical data and user behaviours to predict patterns and make automated decisions. The rapid pace at which the machine learning technology is accelerating is leading businesses to change the way they operate. Applications of Machine […]