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lending
Oct 07, 2024 4 min read
Data Driven Strategies n Debt recovery has always perplexed NBFCs thanks to increasing bad debts or delayed outstanding payments .Underlying reasons for it are high dependency on human resources and a non-data driven strategy towards loan collections. Such a vague approach leads
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Oct 07, 2024 4 min read
Is Co-lending The Ultimate Answer To The NBFC Crisis? n What is co-lending/co-origination of loan? Co-lending or co-origination of loan is positioning between a national commercial bank and an NBFC to mutual issue credit and control the loans at the facility level. Co-lending or
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Oct 07, 2024 5 min read
Best Features that creates A Loan Management Software Outstanding! n Digital Lending Report, November 2018, by the Boston Consulting Group (BCG) projects that with the introduction and penetration of India Stack (UPI) within the banking industry, 50% of the loan seekers with inte
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Oct 07, 2024 5 min read
Will NBFC's Follow Banks to make Its Own Ecosystem Using APIs? n NBFCs in India have exponentially grown on the shoulders of technology within the last decade. Digitalization gave Indian lending industry the hope to become $100 billion in size by 2023. We’ve barely scratched the
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Oct 07, 2024 7 min read
Improve the Customer Experience from Loan Origination Systemn n Digitalization has takes the control of the lending industry from so many years in so many aspects, that banks and NBFCs don’t have much time to address each one. A essential aspect of lending, User experience can ma
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Oct 07, 2024 3 min read
What is Microfinance Software? n Microfinance features a significant role in bridging the gap between the formal financial institutions and therefore the rural poor and the microfinance software is strong that helps to automate all business activities. Microfinance Software provi
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Oct 07, 2024 5 min read
Pigmy Scheme — The Game Changer n So in this outgrowing modern society, where everyone is in a rat race behind just one thing i.e. money. No doubt it has grown to be the most important commodity of human life. So we have several people pointing at the number of ways to save money
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Oct 07, 2024 5 min read
Digitalization of Microfinance n Microfinance is a financial operation that provides small loans to struggling businesspeople in order to expand their small enterprises. Informal money lending technologies, usually administered by small-scale money lenders, are instituted to give
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Oct 07, 2024 4 min read
NBFC Software n First, let us know what NBFC means. NBFC stands for Non-Banking Financial Company which is registered under the Companies Act, 1956 involved in the market of loans and credits, procurement of shares/stocks/bonds/debentures/securities. NBFCs lend and make investmen
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