Lend.In Recognized as the Top Vendor in 'Emerging Category' in the Commercial Loan Origination Report by Aite Group
Our personal and professional worlds have been shaken, to say the very least, amidst the pandemic. The COVID crisis has pushed businesses to deal with multiple challenges; The global slowdown in reach, general economic declines that came with the temporary shutdown of businesses, and most consumers self-isolating – sparked unprecedented changes in lending institutions. The digital experiences of buying and the shifting in demand towards essentials have led businesses to shift their focus and re-evaluate either their method of selling or the product itself. Financial institutions are desperately trying to ride the wave of digital transformation that has been accelerated in this dire period, however, to stay afloat, the greatest barrier has continued to remain the decision of which is the best method to proceed further.
This NelsonHall Vendor Evaluation & Assessment Tool (NEAT) analyzes the performance of vendors offering mortgage & loan services. The NEAT tool allows strategic sourcing managers to assess the capability of vendors across a range of criteria and business situations and identify the best performing vendors overall, and with specific capability in professional services, hosted/SaaS delivery, and support for new digital business models. Full report here.
Executive Summary SME sector with its significant contribution to GDP, exports and employment continues to play a significant role in nation-building but has been underserved by financial institutions till recently. Realising the importance of MSMEs now, financial institutions are evolving their offerings through innovative products and partnership with fintechs. This blog series is focusing on such innovative digital lending products for MSMEs. The third one in the series is Loan Against Card Receivables.
Lending enterprises need solutions that function as a plug-and-play aggregator, addressing a plethora of strategic collaborative lending business functions. Find out in this whitepaper how to leverage API Integrations in banking to comply with complex business processes.