Lend.In Recognized as the Top Vendor in 'Emerging Category' in the Commercial Loan Origination Report by Aite Group
In learn this case study, learn how Vietnam’s largest consumer finance enterprise gained a first-mover advantage in the Vietnamese consumer lending market and pioneered revolutionary change within the industry .
A loan against a credit card is a modernized form of a personal loan. Many individuals now opt-in taking these loans as a means of financing that can help meet monetary needs in a relatively short period of time. The attractiveness of this loan product comes because of the ease of applying. If an individual has a credit card in their name, financial institutions can obtain customer data through the original credit card application in the database without the customer having to submit any new documents.
Lending institutions provide loans to the suppliers of anchor firms by directly paying its supplier against the invoices accepted by the anchor. Supply chain finance involves a process with multiple stakeholders like buyers, sellers, and financial institutions during the transaction. With more SMEs and MSMEs opting for supply chain financing, it becomes imperative for lending institutions to have robust workflows that can handle these complexities of the process & thereby improve business efficiency bringing more value to the buyers and sellers.
Justifiably spooked by a dramatic economic downturn, lenders are facing the same high borrower expectations and intense competition from their peers as before. Those lenders that have already transformed their lending processes by using a leading retail loan origination system are arguably better positioned to weather this storm. Read the report to know more about this market segment and the current trends
Disruptive Technological Innovation for Consumer Finance in Vietnam | FE Credit Case Study
Credit Card Loans: The 4 Important Stages in Retail Loan Origination
Technology powered Supply Chain Financing for SMEs
Aite Matrix: Transforming Consumer Lending through Loan Origination Systems