As digital lending accelerates across India, financial institutions are evaluating bank statement analysis platforms that can handle growing portfolios while maintaining accuracy and compliance. Pro Analyser is a newer platform in the bank statement analysis space. However, Precisa has led this market for years, establishing the standard that newer entrants now attempt to match. NBFCs, […]
Direct Selling Agents (DSAs) connect potential borrowers with the most suitable financial institutions and vice versa. As the number of borrowers grows, financial institutions are relying more on DSAs for loan distribution. However, as DSAs, you face stiff competition and numerous challenges; manual due diligence is one of them, which ultimately impacts DSA ratings. DSAs […]
For Direct͏ Selling Agents (DSAs) and Non-Banki͏n͏g Financia͏l C͏ompanie͏s (NBFCs) in India͏, tim͏ely EMI recover͏y re͏mains ͏a sig͏nif͏ic͏ant ͏challenge. DSAs often manage mu͏ltiple borrow͏e͏rs a͏cros͏s diver͏se ͏regio͏ns, maki͏ng͏ it diff͏icult͏ ͏to ͏monitor repayment behavio͏r clos͏ely. Mi͏ssed or delayed ͏EMI͏s͏ not o͏nly affect thei͏r com͏missions but also str͏ain cli͏e͏nt relationships, wh͏ile NBFCs face increased credit risk. […]
Investing in NBFC software involves more than selecting the most suitable technology. It’s a strategic decision that has direct implications for financial performance, business agility, and regulatory readiness. Though the market provides a broad range of lending and compliance platforms, the pricing models tend to be opaque. What might initially look low-cost can rapidly inflate […]
The rise of non-banking financial companies (NBFCs) in India can be attributed to their impressive credit appraisal systems and inefficient conventional banking sector. With an impressive CAGR of around 18.7% between 2005-2006 and 2019-2020, NBFCs are among the fastest-growing sub-sectors of the Indian financial system. The growing adoption of NBFC platforms indicates a paradigm shift […]
No͏n-͏Bank͏͏͏͏ing Fin͏͏a͏nc͏ial͏ Co͏m͏pa͏͏nie͏s͏ (NB͏F͏͏Cs) face a tough challenge in managing risk in a dynamic financial landscape. Efficient risk identification and mitigation are crucial, but how can this be achieved effectively? The ͏answ͏er l͏ies i͏n s͏͏elec͏t͏ing NBF͏͏͏C s͏͏oft͏wa͏r͏e ͏wit͏h͏ useful ͏fe͏͏͏a͏tures͏ ͏ta͏il͏ored͏͏ ͏to ͏͏mana͏g͏e a͏͏nd minimise ͏ri͏sk.͏ ͏͏ However, h͏ow͏ ͏͏do you know ͏tha͏t ͏͏th͏e͏ soft͏ware […]
