LendFoundry Blog: Page 3

Explore the latest on Lending Technology

10 Features of the Perfect Loan Management Software

10 Features of the Perfect Loan Management Software

  • February 18, 2021
  • 6 mins read

For a long time now loan origination and loan servicing systems together also known as loan management systems have been largely paper-based. These systems have also principally been dependent on human support and as such prone to human err Read more...

Why Should You Use A Cloud-Based Loan Origination and Loan Management Platform?

Why Should You Use A Cloud-Based Loan Origination and Loan Management Platform?

  • February 11, 2021
  • 6 mins read

Automation and cloud computing have brought in a whirlwind of change globally and the financial services industry is no exception. As such, traditional banks and lenders all over the world are now looking to adopt and implement these disrup Read more...

How to Choose the Right Lending Automation Software for your Business

How to Choose the Right Lending Automation Software for your Business

  • February 5, 2021
  • 8 mins read

Manual paperwork and off-line loan origination are fast becoming outdated. Loan Management on non-connected databases also hinder execution speed and expansion capability for businesses. During the worldwide COVID-19 situation, the world s Read more...

What is Alternative Credit Scoring & Why is it So Popular?

What is Alternative Credit Scoring & Why is it So Popular?

  • July 9, 2020
  • 7 mins read

In the finance and banking industry, lenders prefer thick credit files. The thicker the files, with more historical data about the applicants' borrowing history, better are their chances of getting their loan sanctioned, and if they have a Read more...

The Paycheck Protection Program Comes as a Saviour for Small Businesses in the US

The Paycheck Protection Program Comes as a Saviour for Small Businesses in the US

  • April 9, 2020
  • 7 mins read

In February 2020, the US President set up the Coronavirus Task Force and appointed Secretary Mnuchin to head it. The taskforce and Treasury worked together to provide direct and fast relief to one of the worst-hit sectors of the US, the sma Read more...

FinTech + SME Automation Solutions

FinTech + SME Automation Solutions

  • April 2, 2020
  • 7 mins read

When Fintech first started providing automation solutions to SMEs and MSMEs, they started with the basic processes, i.e., documentation of all transactions and financial bookkeeping. Both these processes had always been manual and were pron Read more...