Lend.In Recognized as the Top Vendor in 'Emerging Category' in the Commercial Loan Origination Report by Aite Group
In today’s world, building a seamless 1:1 connect with your customers is of paramount importance. Modern day lending institutions can build process-centric loan origination systems and achieve reduced operational complexity through workflow engines. Workflow engines help personalize the customer journey, reduce turnaround time for loan origination processes and help deliver a seamless customer experience across all touchpoints.
Digitized elements like e-KYC, e-Sign, and digital locker make customer documentation easy, quick, and paperless. This whitepaper aims at highlighting the importance of IndiaStack and its key technology layers which include Presenceless layer, Paperless layer, Cashless layer and Consent layer. How lending businesses can leverage IndiaStack to drive innovation by reaching a large geographical scale which was never possible before and help in verifying individual’s identity in a hassle-free manner. How banks and NBFCs can utilize the power of IndiaStack for gauging creditworthiness of potential customers and enable presenceless, paperless and cashless transactions.
Analytics provides an overview of the portfolio that helps business take decisions to mitigate known risks. Transforming your lending process and becoming a digital lender requires much more than just providing digital user platforms. It also involves leveraging data to transform internal processes and making proactive loan decisions. Back office lending processes need to leverage data analytics to eliminate friction and redundancies, with advanced analytics supporting proactive loan decisions.
Credit assessment and evaluation is one of the most crucial functions in lending. However, this is also the most difficult function that most financial institutions struggle with. Banks and lending institution often face challenges in assessing the creditworthiness of loan applicants. Approval of loans for credit-unworthy individuals can make a huge impact on the lending institution as the risk associated with the repayment of such loans increases manifold.
Business Process Management for Lending Enterprises : Leveraging a Modern Workflow Engine
IndiaStack : The Wave of Technology Disruption for Lending Enterprises
Lending Analytics & Intelligence: Rise of Data-driven Loan Processing
Smart Credit and Risk Assessment for Lending Enterprises