The demand for superior credit bureau analysis is higher than ever as the financial lending industry grows exponentially all over the globe. Moreover, with so many mobile and web-based quick loan options available in the market, it has become straightforward for the borrower to get fast money for personal needs or businesses. As the number […]
How Finezza’s Delinquency Management Helps Streamline Loans?
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, […]
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 […]
Why Your Loan Management System Needs an Account Aggregator Integration?
It is rare to see that all of the financial holdings of a borrower are in one place. The bulk of the time, they are scattered among various intermediaries and most likely fall within the jurisdiction of ten different regulators. For instance, a customer can have fixed deposits in three different banks, each under RBI’s […]
Automated Loan Processing System: What is it and How Can It Benefit Lenders?
In the post-pandemic era, banks and other lending institutions are in a challenging position with higher volumes of non-performing assets, increasing default rates, and reduced consumer spending, leading to reduced profits. However, to kick-start the economy, the financial service providers must upscale the credit granting process with an automated loan processing system. This is, however, […]
How Effective Are Online Loan Management Systems in India?
TL;DR: Very effective. This is especially true in the aftermath of COVID-19. BCG’s Digital Lending report states that online lending in India will be worth upwards of $1 trillion by 2023. The estimate is evidence that fintech solutions like loan management systems are abundantly useful. It is the benefits they bring to lenders that make […]