The term ‘cash flow’ refers to the movement of money in and out of businesses. All the enterprises rely heavily on borrowed money from other commodities to actively function daily. Businesses derive the amount from their revenues as well as take it as loan from banks or other acquisitions. While applying for loans, the enterprises […]
What is Embedded Finance – Innovation That Took The Fintech World by Storm?
Every company at some point needs integrated financial services as a part of its service offering. Integrated financial services is an umbrella term that comprises different aspects related to finance such as payments, insurance, investments etc. This need was widely recognised as ‘Embedded Finance’. With the widespread adoption of digital technology by consumers across industries, […]
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 […]
9 Features that make an Outstanding Loan Management Software in 2021
50% of people who want a loan and have access to the internet in India prefer to buy it online. It is stats like these that prove today’s consumer wants the ease of swift loans available without the hassle of dozens of bank visits. And this demand is not limited to loan origination. They want […]
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 […]