Lend.In Recognized as the Top Vendor in 'Emerging Category' in the Commercial Loan Origination Report by Aite Group
Executive Summary MSME sector with its significant contribution to GDP, exports and employment continues to play a significant role in nation building but has been under served by financial institutions until recently. Realising the importance of MSMEs now, financial institutions are evolving their offerings through innovative products and partnership with fintechs. This blog series will focus on such innovative digital lending products for MSMEs. Second one in the series is anchor-based funding with escrow control over repayment.
In keeping with our mission to constantly inspire continual digital transformation, we wanted to bridge the last mile of automation through a single platform for any type of loan product. We did that with our Centaurus Upgrade of our Banking Platform Software. In this on demand webinar, we have not only showcased the advances in our product, but have also given you insights into the new and evolving trends in the lending space.
Less than a month ago, the Reserve Bank of India (RBI) made an announcement to all lending institutions, such as banks and non-banking finance companies (NBFCs), advising them to provide a three-month moratorium on all term loan payments falling between March 1, 2020 and May 31, 2020. This nudge from the RBI opened a floodgate of questions from financial institutions and customers alike.
After releasing an upgrade combining a year’s worth of efforts, our product webinar gave a comprehensive overview of the latest technology incorporated into our flagship product, Lend.In. The following is a quick recap of the Centaurus Upgrade for those who may have missed our session on 14th April, 2020.