Effective delinquency management is a looming concern for lenders of all types and sizes. Every lender’s operations may account for some level of loan delinquency. But if that level becomes too high, it can negatively affect your business, including increased collection costs, reduced profitability, and reputational risk. According to reports by a credit information bureau, […]
Digital Lending: Perks of Going Paperless
As the world plunges into a climate emergency and the worst pandemic of the century ushers in a monumental change in the way businesses work, paperless ought to take a central role. The IDC, for instance, predicted, 400 billion fewer pages will be printed in 2020, thanks to the pandemic-induced isolation and rush to digitise. The […]
How Finezza’s Comprehensive Analytics Simplifies Risk Management
India’s banking sector and NBFCs have played a pivotal role in addressing the financial needs of individuals and businesses across industries. These institutions have adopted agile processes by developing innovative financial products that cater to niche markets and bring mainstream lending to the forefront. Risk management, a principal factor in the financial sector, emerges as […]
What is a Line of Credit (LOC) and Why Is It Ideal for MSMEs?
For years, businesses have used credit lines to cover working capital requirements and take advantage of the prevailing investment possibilities. Line of Credit is adaptable, attempting to address a few issues of traditional MSME credit solutions. The credit requirements of MSMEs (e.g., retail businesses, merchants, and wholesalers) reflect the unpredictable business setting in which they […]
The Future of SME Digital Lending Beyond COVID-19 Relief Phase
The COVID-19 pandemic has disrupted the growing world of small and medium-sized enterprises (SMEs). As with so much else in the downturn, the rules for the lending industry supporting these businesses need to be re-written. SME lending is a vital form of external finance to sustain small businesses and meet their cash flow and investment […]
Cash Flow Vs. Asset Based Lending: 4 Key Differences!
In order to sustain and scale its operations, every business needs to rely on borrowed capital at some point in time. Short-term financing is a key requirement for small businesses which can help them handle financial downturns and register growth in the long term. There are two types of lending styles that can be chosen […]