Insurance technology is evolving from reactive detection to proactive prediction through robotic underwriting, artificial intelligence, machine learning, analytics models, and effective credit assessment.AI-driven digital technologies have drastically remodeled robotic underwriting processes, pricing & claim settling with minimal human interventions resulting in higher settlement ratios. Risk management with an effective risk modeling system & risk rating... Continue Reading →

Uncertain times plague the credit card industry.The current generation of customers, following self help finance books, are increasingly viewing cards as 'evil' and the root cause of financial mismanagement.How can credit card providers turn the tide and make customers fall in 'love' with cards?The 5 key ways in digital lending journeys of cards are-1. Boost... Continue Reading →

Exciting, quick and convenient are the words rarely used in both retail lending and corporate lending. Digital lending journeys are becoming a classic example of disruptive innovation for industry leaders.How can lenders simplify both retail lending and corporate lending, improve workforce efficiency and productivity and embark on digital transformative journeys through effective credit assessment?1. Simplifying... Continue Reading →

In recent years, lenders in both retail lending & corporate lending have become global networks that have linked apps on smartphones, workstations used to generate applications and sophisticated programs to manage digital loan origination system, collections and compliance.Systems that once merely updated balances are now used to determine financial credit product marketing, in particular, whom... Continue Reading →

Today, financial services are seeking to provide end to end digital lending journeys experience that is personalized, simple and frictionless. This is in response to increasing 'instant credit fulfilment' demands of the customers both in retail lending and corporate lending through effective risk modelling system & risk rating platform.Digital onboarding for account opening, loan origination system,... Continue Reading →

The laws of physics state that if you move fast, you tend to break things.In an age where digital is becoming eponymous with speed, financial services are relying on Robotic Process Automation (RPA) to make processes stronger and faster for seamless digital lending journeys for loan origination system.RPA helps relieve repetitive human efforts related to... Continue Reading →

Average time taken to cross the Atlantic in the 1900s: three weeks. Now: approx. three hours.Average ‘time to decision’ and ‘time to cash’ in traditional financial services for retail lending & corporate lending: three weeks. How can you bring it down to mere minutes today?For financial firms, credit is at the heart of customer relationships.... Continue Reading →