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 […]
Decision Management System: A Safeguard Against Financial Risks
A sturdy decision management system can be a lender’s safeguard against financial risks that the credit evaluation process exposes them to. It harbours a promise of distinct competitive advantage to lenders with improved and flawless decision making. Fast-tracking the credit evaluation and risk management process at the lender’s end ensures increased financial security. It also […]
11 Features of the Perfect Loan Management Software
Legacy loan management systems make the lending management process unduly tough for lending officers thanks to the large scale manual processes involved. Given the gradual increase in demand for credit, lending companies find it impossible to cope with the outdated loan management solutions that follow a fragmented approach. Financial lending companies need a solution that […]
How Can Cloud Technology Transform Your NBFC?
Intense competition in the lending markets demands that all lenders streamline their processes and routines to service the growing demand for credit. Thus, financial lending companies like NBFCs and MFIs need to leverage time-saving technologies to optimise their operations. For example, manual processes of legacy loan management systems often fail to match the massive amount […]
How To Choose The Right Loan Origination System For Your Business?
Consumer behaviour in the lending industry is evolving fast to match the paradigm shift in financial markets. Borrowers today expect instant loan approvals on the tap of the button, in a single click. Legacy loan origination systems and traditional processes that warrant manual intervention do not allow such levels of sophistication at the time of […]
Will the Coronavirus Pandemic Kill Cash For Good?
The Covid-19 pandemic has infected millions of people globally, bringing down economies to a standstill, and is still spreading its fangs far and wide. Despite adequate measures, governments have failed to contain its spread. Both international and local health authorities recommended measures like social distancing and self-quarantines to help provide the spread of this deadly […]