Explore how you can transform lending with an integrated, intelligent and adaptable platform
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 →
Betting on sports may be lucrative, but not on lending operations. Every lending contract carries an inherent risk, but the probability of default can be drastically reduced with information and in turn, insights. However, for an industry that is looking to get on board with digital, it can be tricky to find an accurate source for... Continue Reading →
Gone are the days when a credit decision took weeks. Today, customers demand eligibility decisions in minutes, else swarming to fintech disruptors who deliver faster credit decisions and transparent business processes. The resulting churn is forcing banks to face the million dollar question of what quick actions to take for reducing decision time and... Continue Reading →
Bankers say that the three most important things in lending are costs, costs and costs. But to their dismay, loan origination costs have been rising steadily year on year. In 2017, lenders experienced the second highest loan production expenses in a decade. What goes into making a loan? The recipe for originating... Continue Reading →
A loan gives wings to dreams, solves problems and provides a safety net. But, the life of a lender is tough. Why? 1. Operational inefficiencies The entire traditional loan cycle, covering loan origination, loan application, risk assessment, decision-making, monitoring and assessment are riddled with lags and operational inefficiencies. 2. Lengthy processing... Continue Reading →
