Ever since banking has gone digital, security risks have drastically multiplied. As a result, banks need to opt for high-end & secure data storage units that reduce the chances of malicious attacks and enable quick recovery. These factors (among others) have led many banks to opt for cloud computing and storage in recent years. As […]
Banks and FinTech: Rivals or Partners?
FinTechs are new-age disruptors challenging the traditional banking model leveraging innovative technology to meet user expectations. Their popularity is rising due to their excellence in mobile expertise, accessibility, convenience, and contextuality. Moreover, they have the edge over traditional banks primarily due to the mobile experience, as mobile devices are the most ubiquitous. As per Statista, […]
Rising Concerns Around Data Privacy with Growth of Digital Lending
The digital lending landscape has witnessed a tremendous boost, especially during the Covid, which has shifted borrowers online searching for viable loan products online. Fifty-seven per cent of consumers prefer internet banking, according to the latest World Retail Banking Report. That’s nearly half the world’s commercially active population reaching out to online banking channels. So, […]
How Finezza’s Delinquency Management Helps Streamline Loans?
Effective delinquency management is a looming concern for lenders of all types and sizes. Every lender’s operations may account for some level of loan delinquency. But if that level becomes too high, it can negatively affect your business, including increased collection costs, reduced profitability, and reputational risk. According to reports by a credit information bureau, […]
Tips to Identify Fake Document for Fraud Prevention
Criminal activities have increasingly utilised fake document or document forgery, resulting in billions of dollars being lost by the global economy each year. Countless reasons drive the creation of counterfeit documents, such as obtaining loans beyond their eligibility, buying or selling properties, acquiring loans, evading arrest, or staying in a country illegally. Even a few […]
Best Practices for Delinquency Management in a Post-COVID World
What does the post-COVID world look like? Well, no one really knows but the world is slowly inching toward it for sure. In the course of a year, the COVID-19 pandemic has affected people in every sector, however, the most damage was perhaps felt by the financial sectors, including non-banking financial institutions (NBFIs), banks, fintech, […]