Financial transactions are much easier and more convenient today than in the 1970s. From anywhere, one can withdraw money from their bank accounts, open fixed deposits, or even trade on the stock market. Thanks to the CBS in banking industry, all of these faceless, timeless, and paperless transactions are now possible. Core banking software (CBS) […]
Electronic Signatures for Loan Documents
Appropriate authentication of loan documents is crucial not only to the business but also for building trust in the lending relationship. However, overwhelmed by the heap of documents, one often ends up missing out on an important piece of paper. The consequence? Varies from wasted time and effort to a dire loss. The Problem Manual, […]
How does FaaS Help with Fraud and Chargeback Prevention?
The Indian Fintech market is currently the world’s third-largest Fintech ecosystem, behind only the United States and China. India has 6,636 Fintech startups, making it one of the fastest-growing Fintech markets. The Indian Fintech business was worth $31 billion (INR 3100 crore) in 2021 and is expected to be $150 billion (INR 15000 crore) by […]
Everything You Need to Know About Security-Based Lending to Manage Cash Flow
Securities-based lending is a strategic approach to availing cash flow at slashed costs. The ultimate catch to this approach is that you remain invested with your securities, retaining the ownership right and yet leverage it to fulfil your cash flow needs. Among surmounting benefits that securities-based lending offers, instant access to capital, cut-off interest rates, […]
Lender’s Guide to FAQs About Fake Documents & Answers
Lenders often seek bank statements to verify prospective customers’ income, cash flow, or assets for loan disbursement. Unfortunately, PDF versions of bank statements can be tampered with or even entirely fabricated. For instance, a Google search on ‘make a fake statement’ will open up dozens of websites that create a wholly fabricated bank statement with […]
5 Tried and Tested Techniques to Recover Classified Loans
One of the most challenging parts of the lending business is loan recovery. Even though international norms have been put in place to help lending institutions recover their money, these norms essentially do not work or take a painfully long time in practice. There is an existing culture of non-repayment, which results in liquidity issues […]