The introduction of Artificial Intelligence (AI) and Machine Learning (ML) is revamping the way businesses and industries function. However, traditional and legacy industries like Banking and Financial Services continue to rely on manually managed processes. Not only are these processes paper-heavy and time consuming but also prone to data breaches and security risks. Traditional lenders […]
What Constitutes A 360-Degree View Of The Prospect And How It Helps In The Lending Process?
Both lenders and borrowers are stressed during the lengthy loan origination phase for their own selfish reasons. The time and resource-consuming phase of loan processing often leave borrowers impatient and desperate. However, lenders loathe loan origination for the painstaking amount of time that goes into paperwork assortment, document verification and manual evaluation. The new wave […]
5 Common Lending Challenges Faced By NBFCs and How The Right Lending Lifecycle Management Software Can Help Overcome Them?
A significant component of modern Indian financial market, Non-Banking Financial Corporations (NBFCs) are fuelling the economy and for the better. The diverse credit outlet they offer to clients makes them the preferred choice of SMEs for loans, over traditional banker. NBFCs boast of highly customised services to suit the needs of particular clients. Common Lending […]
Why Having A Loan Lending Mobile App Is Great For Customers… And Lenders!
Let’s face it – we are all hooked to the convenience that mobile apps bring. A few clicks and we can order groceries for the week or can pay for a luxurious vacation during the holiday season! Even when it comes to business, mobile traffic has outpaced the desktop traffic in recent times. The advent […]
See How Finezza’s Analytics Help Optimise Loan Management Process
Right from the time an application is received, and all the way until disbursement, a lot of data flows into the lending lifecycle. However, traditional lending management systems rarely make optimal use of this data. By employing the right tools and analysing this data, it is possible for a lender to reduce the inefficiencies in […]
14 Factors To Consider Before Zeroing In On A Loan Management Software!
Are you struggling with a manual loan management process? Or are you unable to cope with disparate loan origination and management systems that offer a fragmented view of the process? Cut down all the paperwork and make your loan management process cost-effective with a singular loan management software that solves all your needs. An automated […]