Micro, Small, and Medium Enterprises (MSMEs) are a significant part of the Indian economy. The export value of MSME-related products for the financial year 2024-25 alone constitutes 45.79% of all India exports. However, despite their importance, MSMEs face significant challenges in finding financial support. According to an International Finance Corporation (IFC) report, the barriers include: […]
Cloud-Based vs. On-Premises Loan Origination Software: Pros and Cons for Financial Institutions
Modern loan origination software has eliminated historical barriers through powerful integrations, enhanced functionality, and optimised costs. These advances have transformed conventional banking platforms characterised by complex setups and rigid infrastructure. However, one critical decision financial institutions face when adopting such software is choosing between cloud-based and on-premises loan origination software. Each option comes with its […]
Top 10 Features Every Modern Loan Origination System Should Have
Lending has changed dramatically with the rise of digital technology, and a modern Loan Origination System (LOS) plays a key role in this transformation. Traditional loan processes, relying on paperwork and manual input, have given way to automated, streamlined operations. A powerful LOS becomes indispensable as more lenders adopt technology to improve efficiency. But what […]
The Paradox of Alternative Lending: How It Can Both Simplify and Complicate the Lending Process
The growing demand for credit access among retail consumers and businesses has led to the accelerated growth of alternative lending in India. The key factors driving growth include limited credit access within traditional banking, fintech innovation, and widespread smartphone penetration. The market size of this category is expected to grow from $7.53 billion in 2023 […]
Is Your Loan Management System Meeting Regulatory Compliance Standards?
The rapid advances in fintechs and their adoption have led regulatory bodies such as the Reserve Bank of India (RBI) to scrutinise the digital lending guidelines closely to limit compliance breaches. For example, In October 2024, four Non-Banking Financial Companies (NBFCs) were barred from sanctioning and disbursing loans due to regulatory violations. Also, earlier this […]
What are the Key Features to Look for in Loan Origination Software?
Lending is a dynamic industry. To succeed, lenders must adapt to evolving regulations, industry practices, and customer expectations. In this context, embracing automation and digitisation can help them streamline their operations and adapt to changing needs. The loan origination software(LOS) can be a useful instrument, allowing lenders to make the loan application and disbursal processes […]