A sturdy decision management system can be a lender’s safeguard against financial risks that the credit evaluation process exposes them to. It harbours a promise of distinct competitive advantage to lenders with improved and flawless decision making. Fast-tracking the credit evaluation and risk management process at the lender’s end ensures increased financial security. It also […]
Decoding Fintech Laws in India
The credit demand in India is projected for a steep rise to $1.41 Tn by 2022. Moreover, the growth rate in credit demand is estimated to be 3.73% between FY17 and FY22. Given the bright prospects of the future, numerous tech companies are making their way into the market. The result is multiple synergies between […]
6 Key Challenges of Fintech in India
A recent report suggests that the total credit demand in India is projected to be worth $1.41 Tn by FY 2022. Between FY17 and FY22, the estimated growth rate of credit demand is 3.73%. Widespread internet penetration in the Indian subcontinent, multiple players in the market, and governmental policies that focus on digitisation have led […]
11 Features of the Perfect Loan Management Software
Legacy loan management systems make the lending management process unduly tough for lending officers thanks to the large scale manual processes involved. Given the gradual increase in demand for credit, lending companies find it impossible to cope with the outdated loan management solutions that follow a fragmented approach. Financial lending companies need a solution that […]
How Can Cloud Technology Transform Your NBFC?
Intense competition in the lending markets demands that all lenders streamline their processes and routines to service the growing demand for credit. Thus, financial lending companies like NBFCs and MFIs need to leverage time-saving technologies to optimise their operations. For example, manual processes of legacy loan management systems often fail to match the massive amount […]
How To Choose The Right Loan Origination System For Your Business?
Consumer behaviour in the lending industry is evolving fast to match the paradigm shift in financial markets. Borrowers today expect instant loan approvals on the tap of the button, in a single click. Legacy loan origination systems and traditional processes that warrant manual intervention do not allow such levels of sophistication at the time of […]