Loan disbursement, as we know it is only the beginning of a hopeful span of repayment period where a lender expects to receive small debt recovery payments. However, when left unmonitored, this period can run havoc on the revenues of the loan dispensing company. NBFCs, MFIs and other lending institutions often come under the […]
What You Should Look For When Analysing A Loan Applicant’s Bank Statements?
Bank statements are a great source important financial information, when assessing a loan applicant’s eligibility for a business loan. A loan applicant’s bank statement gives a periodic record of all the transactions undertaken by the applicant like deposits, withdrawals, cash transfers, debit card payments, interest earned, bank service fees, as well as the other instalments […]
How Finezza’s Mobile Ecosystem Helps Optimise Loan Management Process
While many fintech firms are competing with traditional banks and lending institutions by offering loans that can be approved with just a tap on the phone, lenders are compelled to digitise their processes and offer various mobile lending solutions to compete with the market. However, though many mobile lending solutions are mushrooming, very few solutions […]
Understanding How Finezza Can Streamline The Loan Origination System
“What is your biggest challenge in initiating the loan process?” This was the question posed to bankers in a recent survey by Moody’s Analytics. The Answer: 56% of bankers reported manual data collection and further back and forth talks with client. The commercial lending landscape to tackle the above issues has begun to witness a […]
How Social Media Can Help You Assess A Loan Application
Today, everybody has a strong social media presence, no matter if your an individual or a business entity. Even though the social media platform has been subjected to a lot of criticism for invasion of privacy, it has served as a valid medium for revealing insights into a company’s intentions and legitimacy. This data is […]
Signs Of Business Loan Fraud And How It Can Be Prevented
The advent of new technologies has paved the way for a new era of financial services within the digital ecosystem. Thanks to the milieu of fintech companies, small to medium-sized businesses can get access to capital resources easily. However, with new pathways, opportunities are rife for sophisticated fraud strategies, greatly harming the financial services industry. […]