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 From outdated information to gaps in communication, a whole host of reasons make debt recovery a hard business to manage.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 […]
Can Account Aggregators Lead to a Customer-First Approach in Lending?
Loan, insurance, etc. require a customer to share their financial information (FI) with an organisation. Typically, they do so by printing the documents and submitting the hard copies. The method betrays the very sensitivity of the information and is time-intensive. Another technique is screen scraping. In screen scraping, the customer shares their user-id and passwords […]
Exploring Finezza’s Loan Management System: Features and Benefits
Amid reports of slowing credit growth owing to the coronavirus crisis, lenders are looking to streamline their operations and eliminate inefficiencies. From shutting down non-profitable branches to digitising workflows, there is a clear push to cut costs and increase customer engagement. Automated loan management systems with built-in analytics are attracting a lot of interest from […]