An automated loan processing system has become a strategic necessity for modern lenders, not just a technological upgrade. With rising default rates, shrinking creditworthy segments, and heightened customer expectations for digital-first experiences, traditional loan workflows can no longer keep up. Manual data entry, fragmented systems, and paper-heavy processes introduce delays, errors, and compliance risks that […]
How Effective Are Online Loan Management Systems in India?
TL;DR: Very effective. This is especially true in the aftermath of COVID-19. BCG’s Digital Lending report states that online lending in India will be worth upwards of $1 trillion by 2023. The estimate is evidence that fintech solutions like loan management systems are abundantly useful. It is the benefits they bring to lenders that make […]
Best Gold Loan Management System: Features to Look For
Gold loans have been one of the oldest forms of secured lending in India for centuries. Being a highly liquid asset, gold is the preferred collateral for many lending companies. Several financial institutions, including banks and NBFCs, have gold loans as an integral part of their business lending strategy. Challenges Faced By Lending Institutions in […]
Loan Management Systems in India: A Perspective Pre and Post Pandemic
COVID-19 has resulted in an unprecedented economic crisis, and there has been many disruptions and dramatic changes right from consumer spending to government operations. The lending sector in India is no exception to this rule, and it will also undergo a paradigm shift. There will be a change in the way lenders approach customers and […]
10 Must-Have Features & Benefits of Mobile Banking Apps in 2021
Mobile banking apps have grown to new heights as more and more customers are embracing mobile technology. Mobile transactions are at an all-time high in recent times. According to reports, the global growth of finance apps is on the cusp of massive expansion as neobanks and super apps gain traction due to the surge of […]
10 Must-Have Integrations for a Loan Management Software
A lending management solution is a must for all financial institutions to provide a seamless borrower experience and streamline the end-to-end process of the lending cycle. From origination, underwriting, assessing creditworthiness to loan servicing and repayment, a single open-architecture solution can make lending a painless process. Whether you want to provide loans to commercial entities […]