One of the business tactics used by banks to earn interest is to offer debt in the form of loans. However, keeping a low non-performing loan rate is a challenging endeavour. It takes time and resources to complete the collection procedure for each possible defaulter. The debt collection became even more challenging because debtors and […]
Four Loan Recovery Techniques Every Lender Must Know About!
Every lending operation is two-way traffic, which generally involves extending a loan and then recovering that loan. However, the ground reality is far from being two-process simple. Many financial institutions and lenders have to bear the brunt of delinquent loans despite keeping numerous checks in place. And if these loans are left unchecked, their bulk […]
6 Reasons Why You Must Choose a Trusted LOS Partner
Online loan origination process has become more nuanced vis-à-vis the competitiveness and regulations in recent times. Today, businesses can avail end-to-end lending solutions by choosing a reliable loan origination software for complete loan cycles. According to Statista, the digital lending market in India is expected to reach 350 billion dollars by 2023. A trusted loan […]
Banks and FinTech: Rivals or Partners?
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 […]