COVID-19 has resulted in an unprecedented economic crisis, and there has been many disruptions and dramatic changes right from consumer spending to government operations. The lending sector in India is no exception to this rule, and it will also undergo a paradigm shift. There will be a change in the way lenders approach customers and […]
Automate and Scale Your Lending Process with A Bank Statement Analyser
After the pandemic hit the world, loan defaults have been on a steeper rise than before. Direct consumers and SMEs are still struggling to repay loan dues, and the crisis is going away anytime soon. Consequently, a major challenge that all banks and financial institutions face today is tackling the hidden non-performing assets. While retail […]
10 Must-Have Integrations for a Loan Management Software
A lending management solution is a must for all financial institutions to provide a seamless borrower experience and streamline the end-to-end process of the lending cycle. From origination, underwriting, assessing creditworthiness to loan servicing and repayment, a single open-architecture solution can make lending a painless process. Whether you want to provide loans to commercial entities […]
Fraud Detection and Prevention in the Fintech Space
The Fintech industry is leading the digital transformation among all the industries. Gone are the days when customers visited physical branches of banks or NBFCs for every operational and transaction need. Today, almost all banks and NBFCs provide online services through multi-channels like web, mobile, tab, pos machines, ATMs, smartwatches, smart voice assistants, etc. However, […]
How Your Digital Footprint Will Affect Your CIBIL Score
The lending and financial landscape are evolving thick and fast all over the globe. The rate has almost been exponential last year due to the pandemic-borne realignments. For a lending institution to have a tech-savvy mobile app and a digital lending strategy is no longer “good to have” but has become a “must-have”. The potential […]
How Effective Is It to Automate Your Debt Collection?
No matter how big or small your business operations are, managing cash flow can be quite challenging. For instance, since the Great Recession in 2009 in the US the consumer debt had increased nearly by USD 2.3 trillion and now with the pandemic, it is even getting more difficult to recover debts. Business turnovers have […]