The domain of finance has witnessed massive changes over the years and the rapid momentum of change has only remained constant. With significant regulatory changes, rise in digital payments and expansion in the volume of digital transactions, the future of the NBFC sector is ripe with several opportunities. In recent years, digital lending was at […]
Peer to Peer Lending: What Makes P2P Platforms Unique?
Low-interest rates, quick turnaround times, and minimal documentation – these considerations are high on the wish list of practically anyone looking for a loan. With the government pushing lenders to boost the flow of credit in the economy, the odds of getting a quick loan have improved significantly for most people. However, this is not […]
Why Is A Loan Management Software At The Core Of A Future-Enabled NBFC?
India’s Non-Banking Financial Companies or NBFC sector continues to be at the forefront of driving credit outreach for the country’s underserved low-income, retail, and MSME market. The total asset size of all NBFCs in India is more than $370 billion, and they provided close to 20 per cent of all credit in India till March […]
Can Computer Analytics Make Borrower Profile Assessment Safer?
Lending is a big business in India, which both, directly and indirectly, touches upon all parts of the economy and people. Apart from the banking sector, several NBFC players contribute to a major percentage of the lending business. With millions of Indians holding loans worth crores of rupees, any technology that can make life easier […]
Digital Solutions And Debt Recovery Businesses Go Hand-In-Hand
Recouping unpaid debts is not always easy. From outdated information to gaps in communication, a whole host of reasons make debt recovery a hard business to manage. Fortunately, technology and tools can smoothen most wrinkles debt recovery businesses face. How Does Digitising Help Manage Your Debt Recovery Business? A McKinsey survey found that 73% of […]
Make Your Credit Evaluation Process Smarter With Finezza
Assessing the credit-worthiness of borrowers is a key component of lending success. Accuracy and time are of the essence when assessing counterparty risk. Yet the process of assimilating and analysing borrower information in order to assign a credit score when done manually is still prone to errors. It is also time-consuming, taking days or even […]