Category: Lending
February 5, 2021
How to Choose the Right Lending Automation Software for your Business
Manual paperwork and off-line loan origination are fast becoming outdated.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 swiftly moved towards a more digitized and paperless ecosystem. For the fintech industry and[...]
July 9, 2020
What is Alternative Credit Scoring & Why is it So Popular?
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 good score, they even stand to get[...]
April 2, 2020
FinTech + SME Automation Solutions
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 prone to errors. Fintech not only reduced the margins of error[...]
March 19, 2020
Digital Transformation in Lending: Leveraging LendFoundry’s Features
Modern technologies are bringing about a significant alteration of traditional lending methods in the rapidly evolving digital landscape. LendFoundry, a leading cloud-based lending platform, stands at the forefront of this revolution, empowering financial institutions to elevate accessibility, optimize processes, and deliver exceptional customer experiences. Incorporating[...]
February 20, 2020
Bridging the Gap: Integrating LendFoundry with Business Intelligence
In the dynamic landscape of modern business, the paramount role of data cannot be overstated. The ability to collect, analyze, and interpret data serves as the linchpin for informed decision-making that propels success. This is where the indispensable tools of business intelligence come to the[...]
February 13, 2020
Collections and Recovery Excellence with LendFoundry: Tracking Missed Payments and Communication Strategies
Collections and recovery stand as pivotal elements within the realm of any lending institution. The significance of establishing a resilient system capable of monitoring missed payments and fostering effective communication with borrowers cannot be overstated for lenders. Enter LendFoundry, a beacon in this domain, providing[...]