NBFC software should provide an end-to-end solution and should be scalable and sustainable. It should be installable on the premises of the NBFC and also be enabled for API integration. The software needs to provide straight-through processing with a flexible delivery mechanism.
The NBFC software should be able to provide data aggregation across a wide range of unstructured data to cull out the requisite information. It should be able to handle big data and make use of AI-based algorithms to help in decision-making on credit issues. The NBFC software should also provide financial inclusion and co-lending features. The integration of the entire data collection and its usage needs to be robust with inbuilt security features; the backend features need to be healthy with adequate audit trails.
Needless to say, the NBFC software has to be an 'All IN ONE' product to provide a win-win situation for all the parties and stakeholders.
Lending Operations and the Role of NBFC Software
A comprehensive, well-structured credit mechanism is essential for ensuring a healthy and growing loan portfolio of NBFCs. This requires robust risk management and a streamlined mechanism for operations while ensuring system integrity.
The digitalisation of processes and use of NBFC software thus becomes essential. Such software can provide a one-stop solution for the Lending Business of NBFCs. The software can take care of all aspects of the lending operations while ensuring, speed/efficiency, transparency and effective risk management.
NBFC software - brought out by ScoreMe Solutions Private Ltd
Taking into account all the above features and requirements, ScoreMe Solutions Private Ltd. provides a unique NBFC software that is a journey towards paperless credit delivery and monitoring. It is a digital end-to-end solution ensuring seamless operations, right from onboarding requests for credit facility through the processes of authentication, data fetching, structuring, analysis, sanction, disbursement and final steps of monitoring and reporting. It’s an ideal NBFC software for both retail and MSMEs, with requisite added features. The Software has innovative tools including, Bank statement Analyzer, GSTR return Analyzer, Financial Statement Analysis with a direct fetching facility, etc. It takes care of security aspects with OTP/password-based functioning.
Source Link: https://www.scoreme.in/nbfc-software-one-stop-solution-for-lending-businesses
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