FinTechs are new-age disruptors challenging the traditional banking model leveraging innovative technology to meet user expectations. Their popularity is rising due to their excellence in mobile expertise, accessibility, convenience, and contextuality. Moreover, they have the edge over traditional banks primarily due to the mobile experience, as mobile devices are the most ubiquitous. As per Statista, […]
A Deep-dive Into Finezza’s Credit Bureau Analyser
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 […]
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 can Simplify Risk Management for Banks and NBFCs
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 […]
How to Increase Efficiency & Scale Your Lending Operations
The lending process right from origination to approval, disbursal, and complete lifecycle management is complex and fragmented. The traditional loan processing often undertaken manually is consuming and cumbersome. Times have changed, and so has technology. If you want to reach the next level of growth, you’ve got to adapt to the newer trends where speed […]
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 […]