Ind͏i͏a͏n͏ ͏banks, NB͏FCs, and fint͏ec͏h͏͏ l͏end͏er͏s are under͏ const͏͏a͏nt͏ pressure͏͏ to boost efficiency a͏͏nd p͏rofi͏tab͏il͏it͏y. ͏Ev͏ery rupee s͏p͏e͏nt ͏on techno͏logy ͏sho͏uld d͏irectly c͏on͏tr͏ibute t͏o ͏b͏et͏ter lo͏an p͏rocessing, collection͏s͏, and de͏cision-making͏.͏ Ye͏t, many ins͏titution͏s͏ st͏ill rely o͏n separ͏ate systems for loan origination, management, and coll͏ections, creating hidd͏en costs and operational in͏effi͏ciencies. McKinsey reports that such͏ o͏p͏erational […]
Why You Need a Co-lending-Ready LMS for Multi-Partner Loan Management
Your bank receives a high-value MSME loan application that fits your risk criteria, but due to funding limitations, you must stall the approval. Meanwhile, you find ideal co-lending partners who are ready to share the funding and loan management. However, your current system cannot manage multi-partner workflows, automated settlements, or track compliance for each participant. […]
How Outdated Loan Management Systems Are Sabotaging Your Loan Officers’ Productivity
Loan officers work in a highly competitive and technologically changing lending landscape. Their productivity depends not only on their skills but also on the systems and tools that facilitate their day-to-day operations. Yet, most financial institutions continue to use outdated loan management systems (LMS) that are unable to keep up with modern demands, creating bottlenecks, […]
Choosing the Right Loan Management Software: 10 Questions Most Lenders Forget to Ask
Selecting the right Loan Management Software (LMS) can make or break a lending institution’s operational efficiency, compliance adherence, and ability to scale. As lenders increasingly digitise their workflows, the global market for loan management systems continues to expand. The digital lending platform market in India is projected to reach USD 23.77 billion by 2030, growing […]
5 Loan Management Software Trends Shaping the Future of Digital Lending
Loan management software (LMS) has been quietly transforming the lending landscape, improving borrower experiences and operational efficiency among lenders. At present, the uptake of digital LMS is witnessing exponential growth driven by advances in technologies, including artificial intelligence (AI), predictive analytics, data analytics, robotic process automation (RPA), and machine learning. As consumer expectations and financial […]
4 Warning Signs of Circular Trading in Bill Discounting: How to Prevent It
The financial compliance landscape is complex and requires a perfect balance between regulatory requirements, reporting, risk management protocols, and efficient transaction tracking systems to combat financial crimes. Circular trading in bill discounting is a common tactic used by fraudsters or criminals to hide or mask the source of their illicit funds. Therefore, it is crucial for […]