Starting Up
How Has COVID-19 Changed Consumer Behaviour in the Financial Sector?
If there is one thing this pandemic has done, it’s making it very clear to businesses that if they are unable to do business without a physical location, they’re not fully taking advantage of digital advancements in their respective fields. For Lenders, in particular, the ability to Lend Without Branches, comes with many benefits: Grow loan portfolio …
2021: The Credit and Loan Collections Future
The crisis brought about by the ongoing pandemic has been transforming the way people do business, how they structure their lives, and already, 2021 is proving to be the year of the future. LoanCirrus, our cloud-based debtor management system, will transform your loan business by enabling it to remotely process and respond to millions of …
How Lenders Accelerate Their Digital Transformation
Why do Lenders need Digital Transformation? Customer acquisition, “the business of getting new business” [as well as managing and growing the business you already have] is more dynamic than ever ̶̶ and not just in the current pandemic environment. People’s perceptions of financial institutions have changed largely due to: The influence of social media platforms; …
6 Ways Lenders Manage Fallout From Covid-19
Are you doing everything your lending business needs to do to manage the fallout from Covid-19? The Coronavirus pandemic poses a fundamental threat to lending institutions, particularly in the Microfinance space. Are you behind your competitors in dealing with this crisis? Find out key strategies and tactics that you may have missed. As an essential …
Breaking Four Misconceptions of Small Business Lending
(From Contributor Marina Thomas) With the advancements in technology and the Internet revolution, people can now easily access information at their fingertips. The main problem with fake data and information regarding small business loans is that entrepreneurs get a false sense of the loan qualification. They often believe that they are not eligible for loans. If …
Effective Communication with Borrowers
Have you ever tried waving at a blind person? This is NOT the best way to get their attention. As the business of lending evolves how are you communicating to your borrowers and potential borrowers becomes increasingly important. If you aren’t ahead of the curve, then you will be left behind. Effective communication with clients and potential …
