Over the last five years, the fintech industry in India has grown by leaps and bounds. As of September 2024, the combined valuation of all Indian fintech startups was estimated to be $125 billion. However, despite their success story, startups often grapple with a slew of challenges. For instance, the regulations governing fintech startups are […]
How Digital Transaction Analysis is Transforming Fraud Investigation Workflows
India’s digital transactions skyrocketed from 2,071 crore in FY 2017-18 to 18,737 crore in FY 2023-24, with a stunning CAGR of 44%. While digitisation brings convenience, it also fuels sophisticated fraud threats. However, the solution may lie within the problem – analysing digital transactions to combat this menace. The growth of digital payment systems creates […]
NBFC Software Pricing: Factors, Cost Structure, and Plans
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 […]
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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 […]
Top 5 Ways an Indian Credit Score Service Company Reduces Lending Risk
Credit score service companies are becoming a vital component of risk management as we see a decrease in the Gross Non-Performing Assets (GNPA) ratio for scheduled commercial banks to 2.8%, marking a 12-year low. Traditional methods often fail to assess borrowers accurately. These companies are developing innovative solutions to improve creditworthiness evaluations. Through advanced analytics, artificial intelligence, and […]
Unlock Hidden Insights: Advanced Financial Statement Analysis Tools for Modern Lenders
Traditional financial statement analysis methods are increasingly becoming obsolete. They primarily rely on basic tools such as the Profit and Loss Account and Balance Sheet, failing to deliver comprehensive insights into a company’s financial health. Furthermore, the heavy dependence on historical data can lead to outdated conclusions and predictions that do not reflect current market […]
8 Important Metrics Bank Statement Analysers Evaluate and Track
Indian banks have written off a whopping $9.9 trillion worth of loans in the last five years, out of which they could recover about $1.84 trillion. It is also worth noting that around 2,623 wilful defaulters owe around $1.96 trillion to banks in India. These figures reinforce the need for tighter scrutiny of the borrower’s […]
AI Loan Assessors: How Bank Statement Software is Transforming Lending?
Imagine applying for a loan and receiving approval within minutes—all thanks to cutting-edge AI tools. No more waiting for days as your paperwork is shuffled between departments. This is the future of lending, powered by AI-powered bank statement software or loan assessors. These tools are helping lenders improve the quality of their decisions by providing […]
Why Integrate Financial Statement Analysis Software into Your Lending Process?
Are you tired of spending hours poring over financial statements only to miss critical insights? Many lenders often face the same struggle, leading to wasted time and potential losses. Without the right tools, analysing financial data can feel like finding a needle in a haystack. However, integrating financial statement analysis software into your lending process […]
How Precisa’s Bank Statement Analyser Tool Benefits Loan Approvals
India’s digital lending market is on the brink of a revolution, with projections indicating a surge from 1.8% of retail loans in FY22 to an impressive 5% by FY28. This rapid growth is fueled by the increasing demand for convenient, flexible, and swift loan approvals, particularly among younger generations. To capitalise on this trend and […]