Introduction In a world where access to credit can make or break a business or individual’s financial prospects, credit bureaus have emerged as crucial players in the lending industry. In India, the emergence of credit bureaus has helped to unlock...
Introduction Loan origination is like a crazy rollercoaster ride for financial institutions, with twists and turns from application processing to loan disbursal. To make sure they don’t lose their lunch, financial institutions use loan origination systems that streamline the process,...
According to the Economic Times, the MSME industry is the backbone of the Indian economy, accounting for 30% of the nation’s GDP, 48% of total exports, and 40% of the country’s employment. Currently, the MSME sector in India has an...
Overview In a world that is rapidly moving towards digital transformation, the financial industry is no exception. The traditional paper-based loan origination process is being replaced by an automated and streamlined software solution. Loan origination software is becoming increasingly popular...
Overview Introducing the hottest trend in India and beyond: Buy Now Pay Later (BNPL). This game-changing concept has captured the hearts and minds of millions, creating a buzz that simply cannot be ignored. The landscape of BNPL is evolving at...
Loan Origination is when a borrower applies for a loan, and a lender, after processing, lends the loan amount to the borrower. The borrower can be an individual, a business, or a corporation, with the lenders being the banks, NBFCs,...