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Key Takeaways Offshoring Accounting As businesses look for ways to reduce costs and improve operational efficiency, offshoring accounting functions to India has become a strategic
As organizations embrace AI-driven automation, the practical benefits become increasingly evident. While the previous discussion highlighted AI’s transformative potential in enhancing operational efficiency and customer
In today’s data-driven environment, leveraging the right tools is crucial for transforming raw information into actionable insights. At Insight Consultants, we provide cloud data storage
In an era of rapid technological advancement, integrating artificial intelligence (AI) into business processes is not merely an option—it has become essential for organizations seeking
In an age where data is the new currency, businesses that can effectively harness their information stand to gain a significant competitive advantage. Did you
In today’s business landscape, data is more than just numbers on a dashboard—it tells the story behind every decision. How you interpret and utilize that
In the rapidly evolving financial sector, decision-makers often rely on off-the-shelf software, initially seeing it as a cost-effective solution. However, they soon face challenges: navigating
Data is your business’s most powerful tool—but only if managed correctly. For SMEs in the financial sector, simply collecting data isn’t enough. Data can lead
In today’s rapidly evolving financial landscape, staying ahead of the competition requires more than just keeping up with technological advancements—it demands a proactive approach to
Quality assurance (QA) is indispensable in the software development lifecycle (SDLC), ensuring software reliability and enhancing overall operational excellence. Effective QA practices streamline development processes,
Diving into the world of data and analytics can be both exhilarating and overwhelming for lenders. A well-structured analytics program can transform raw data into
In the fast-paced world of technology, where digital innovations appear at lightning speed, ensuring software quality has become crucial. As developers strive to create groundbreaking
Real Estate Regulations with Ease: Ensuring Compliance through Proper Accounting and Bookkeeping Maintaining compliance with real estate regulations is crucial for the success of any
Value-added tax (VAT) is a charge on consumption that considers the increased value of goods or services at every step of their production and distribution.
In the past, lending decisions relied on limited data and human intuition. Today, the landscape has transformed dramatically. Lenders now have access to a wealth
Our previous content explored the exciting potential of embedded finance – seamlessly integrating financial services into non-financial platforms. But how do we make this a
You’re already shaping the future of finance with embedded solutions. The traditional financial landscape is rapidly evolving, driven by seamless integrations and personalized experiences. As
Navigating the financial landscape is no longer a game of chance. For CFOs and COOs, the need for actionable insights derived from operational data and
Imagine navigating the ever-changing financial landscape blindfolded. That’s essentially what happens when financial institutions rely solely on intuition or outdated methods for decision-making. It is
The Challenge Real estate businesses often juggle multiple revenue streams, including rent, property sales, management fees, and ancillary services such as maintenance and cleaning. While
Key Takeaways A growth opportunity for banks: Smaller banks can leverage embedded finance to expand their revenue base by integrating financial services into non-financial platforms,
Key Takeaways Embedded finance is the future: Forget bank branches, access financial services directly in the apps you use – loans, payments, insurance – all
It is a no-brainer that today, customer experience (CX) has become the battleground for brand loyalty and success, particularly in sectors where customer experience is
Artificial intelligence (AI) has transitioned from a futuristic concept to a transformative force reshaping industries worldwide. The financial sector, in particular, is experiencing a profound
The financial industry is undergoing rapid transformation, driven by the increasing demand for personalized services, efficient operations, and data-driven insights. AI in finance is emerging
Key Takeaways Demystifying AI Modeling: A Boon for the Financial Industry Artificial intelligence (AI) is no longer a futuristic concept – it’s a transformative force
The business landscape is constantly evolving, demanding agility and adaptability. At the forefront of this transformation lies cloud technology. But a one-size-fits-all approach will not do. Modern businesses need cloud solutions tailored to their unique needs and goals.
In today’s rapidly evolving digital landscape, organizations increasingly turning to multi-cloud and hybrid cloud solutions to meet their diverse and dynamic business needs.
Re-designing of Loan Origination Application, twice as fast as its previous version,for the Client ‘Open Road’.
Key Takeaways Historically, startups and SMBs faced significant hurdles due to the prohibitive costs and complexity of establishing IT infrastructure. However, cloud computing has revolutionized
In the rapidly evolving landscape of financial services, embracing cloud migration emerges as a transformative strategy for lenders seeking to propel their loan origination systems
Several major banks have leaped into the cloud, modernizing lending platforms and progressively replacing legacy systems with cloud-native applications. As financial institutions (FIs) increasingly embrace
Key Takeaways The Game-changing Impact of Cloud Migration The need for advanced technology is paramount in the swiftly evolving banking and finance landscape, marked
The financial services industry, or FinTech for short, is undergoing a revolution driven by machine learning (ML). From the moment you log in to your
In the dynamic realm of fintech, a robust analytics strategy is not just a choice; it’s a pivotal step towards sustainable growth. 80% of successful
In the fast-paced landscape of fintech, crafting a robust analytics strategy is not just a choice; it’s a pivotal step towards sustainable growth. 80% of
Key Takeaways Analytics Advantage Analytics in Fintech Operations Risk Analysis Customer Experience Underwriting Proactive Analytics is Key for Fintech Players The symbiotic relationship between fintech
Essential Findings FedNow: Overview of the Revolutionary Real-Time Payment Solution Exciting developments in the world of payments– the FedNow Service is officially up and
Ever feel like the regulatory landscape is shifting beneath your feet? You’re not alone. The surge in compliance regulations is hitting lenders hard, especially the
Are you somebody facing this problem? Lending firms often find themselves grappling with a common hurdle in today’s ever-evolving lending landscape: operational efficiency challenges that
An efficient Loan Origination Solution can streamline your processes, reduce costs, and enhance customer satisfaction. It’s not just about managing loans; it’s about transforming and
As we anticipate the future of lending in 2024, the financial landscape brims with exciting trends set to revolutionize our banking experiences. The expanding lending
In finance, where every decision can tip the scales between success and setbacks. One key factor often goes unnoticed until it’s too late: Credit Risk
Explore cybersecurity for accountants to fortify digital defenses in modern accounting firms against evolving threats.
Discover how to navigate economic, tech, and talent challenges in our guide to revolutionizing CPA Practice Management for a data-rich future
Understand today’s prevalent digital payment systems and emerging fraud tactics targeting them. Explore techniques CPAs use for fraud detection and best practices to protect clients as payment technologies and risks evolve.
Discover how data analytics is revolutionizing the CPA profession, enabling accountants to derive deeper insights, enhance audit quality, and offer strategic advisory services like never before.
Understand today’s prevalent digital payment systems and emerging fraud tactics targeting them. Explore techniques CPAs use for fraud detection and best practices to protect clients as payment technologies and risks evolve.
Insight Consultants revolutionizes Ascent CPA’s peak season operations, bringing global expertise for unprecedented efficiency and growth.
Understand today’s prevalent digital payment systems and emerging fraud tactics targeting them. Explore techniques CPAs use for fraud detection and best practices to protect clients as payment technologies and risks evolve.
In this conversation with JP James, CEO of Hive, a financial services firm based in Atlanta, we discussed what it means to lead a fintech
Interurban Companies, with our e-commerce and inventory solutions, witnessed a marked improvement in their market presence. Their inventory processes became more efficient, reducing wastage and ensuring better stock turnover. With accurate accounting in place, the company now had a clearer financial picture, aiding in more informed business decisions.
In this post: Introduction In the fast-paced world of cryptocurrency, understanding accounting best practices is not only crucial but also complex. Cryptocurrencies have introduced a
Reinventing Workflow Management for Yenem Engineering Problem Statement: Dave from Yenem approached us via a community forum, emphasizing concerns related to delays in their quoting
Key Takeaways Growing concerns and need for regulatory compliance in BNPL space The BNPL industry has significantly expanded from 2019 to 2021. There was
LendTech Collective Monthly Newsletter | July 2023 (Edition:127) In this edition: BNPL Regulation and Compliance: How to Sustain Growth. Buy Now Pay Later (BNPL) has
Insight Consultants empowers CFOs to leverage AI in Finance for strategic growth, bridging the gap between AI tech and strategic finance
In the ever-evolving landscape of the lending industry, compliance has emerged as a vital cornerstone for success. With its complex regulatory framework and stringent requirements,
LendTech Collective Monthly Newsletter | July 2023 (Edition:126) In this edition: Featured Article: Digital Onboarding Solutions for a Frictionless Customer Journey The adoption of digital
The adoption of digital onboarding represents a paradigm shift in the lending industry. Lenders leveraging technological advancements can streamline onboarding, enhance customer satisfaction, and drive
Whats in the article The finance function, a critical component of anysmall or medium-sized business, traditionally involves manual, time-consumingtasks. These manual processes can lead to
LendTech Collective Monthly Newsletter-June 2023. Edition- 125 Navigating Regulatory Compliance: How Lenders Can Leverage. Regulatory compliance is a big deal in the lending business. It’s
How can we ensure your credit union’s success in today’s competitive landscape? The answer lies in a simple yet critical question: How effective is your
Regulatory compliance is a big deal in the lending business. It’s not something you can afford to ignore or take lightly. Following the rules and
Data analytics can play a crucial role in driving growth and improving decision-making within a credit union. Explore the infographic below to learn how! That’s
Insight Consultants is committed to driving change in the lending industry. We offer a diverse product lineup, including state-of-the-art Loan Origination and Management Software, custom-built to meet the unique needs of our clients
Credit risk management is a crucial aspect of financial management that involves identifying, evaluating, and mitigating the potential risks when lending money to borrowers. With
LendTech Collective Monthly Newsletter -May 2023 -Edition- 124 In today’s edition: Join us in this edition as we delve into the crucial role of
In today’s tech-savvy world, where customers expect seamless digital experiences, credit unions must revolutionize their operations to stay competitive. Credit unions must adopt digital technologies
The convergence of fast digitization and volatile economic conditions has spawned a fertile breeding ground for fraudsters to flourish. Startling statistics from the State of
Imagine a world where financial services are seamlessly integrated into your everyday activities, whether buying groceries or booking a vacation. It is where embedded
LendTech Collective In the rapidly evolving world of finance, the intersection of innovation and security has become a critical issue for financial organizations. With the
In an industry where products and services are almost indistinguishable, financial institutions must differentiate themselves by offering superior service and exceptional customer engagement. How members
The Vital Role of Financial Inclusion Financial inclusion is the key to building a strong and growing economy. Ensuring everyone has access to financial
The process of digitization is having a profound impact on the financial services industry, and credit unions are no exception. To remain competitive and provide
“In times of crisis, adaptability is the key to survival.” The world’s economy is facing a downturn due to the combined effects of widespread health
AI is transforming lending by automating tasks, enhancing customer service, and improving fraud detection, making the process quicker and more efficient. Lenders can now analyze borrowers’ creditworthiness deeply and manage risk better. Say goodbye to long lines and paperwork; welcome to digital lending!
Featuring Focus On Digital Lending: Streamlining and Improving the Process Lending has come a long way recently, and AI technology has been a huge part
As the threat of inflation lingers on, credit unions face the challenge of managing their loan portfolios in this uncertain economic climate. It presents an
As we step into the year 2023, the lending industry finds itself at the precipice of exciting transformations and emerging trends. The dynamic landscape of
Data compiling and management are essential for any financial organization to make intelligent business decisions. When it comes to Credit Unions, databases represent their most
As the holidays approach, many people find themselves in a financial bind. If you’re among them, you might be considering a loan to get you
While financial enterprises have been in the digital race lately, the industry hasn’t been able to efficiently leverage technologies in default management and subsequently
The LendTech Collective Insights to stay ahead! Bimonthly Newsletter | Nov 2022 | Issue 121 Featuring Focus On Christmas Loan – Should you consider
Successful development of a compliance-ensuring Loan Origination Software
Today community banks operate in an environment ripe with opportunities, accompanied by challenges. Game-changing technologies, new fintech competitors, regulatory burdens, and increasingly sophisticated members encourage
In today’s rapidly evolving financial landscape, credit unions are proactively embracing the transformative potential of technology to drive business growth and deliver exceptional member experiences.
Open banking has emerged as a transformative force in the financial industry, revolutionizing how lending institutions
In the fast-paced financial services market, adaptation is imperative to avoid being left behind. Credit unions face significant challenges such as evolving member expectations, rising
Customer experience plays a crucial role in any business. However, many companies worldwide fail to prioritize the customer at the center of their operations. Instead,
Set up a secure, compliant, and automated way to process ACH payments for the client
The world is staring at an economic downturn due to the severe health and financial shocks inflicted by the pandemic and the massive economic disruptions
The LendTech Collective Insights to stay ahead! Bimonthly Newsletter | Sep 2022 | Issue 120 Featuring Focus On Navigating Inflation – challenges and
In the ever-evolving digital landscape, data promises permeate every aspect of our lives. With each passing day, as our digital interactions generate an ever-increasing volume
In the realm of credit history, traditional data often overlooks credit invisibles, underserved individuals, and new borrowers who are in dire need of financial products.
In today’s digital era, attracting, acquiring, and onboarding new customers through digital channels
With the rise of online platforms, the average thief has shifted their operations from the streets and train stations to the digital realm. Online lending,
Loan application fraud is a lender’s nightmare. It’s a real issue faced by many financial firms. It is estimated that financial institutions lose billions of
The LendTech Collective Insights to stay ahead! Bimonthly Newsletter | July 2022 | Issue 119 Featuring Focus On Intelligent Security – taking digital identity
The consumer lending business is centered on the notion of managing the risk of borrower default. The increasing concerns around Non-performing Assets have stressed the
In today’s fiercely competitive market, Credit Unions face the challenge of proving their mettle against the rising presence of FinTechs and digital banks in the
The coronavirus crisis has escalated the need for financial institutions to digitise their processes. The digitalisation of a financial institution’s lending process is no longer
During the COVID-19 crisis, buy-now-pay-later (BNPL) emerged as a hot segment within consumer lending when a large portion of consumer spending moved online. By venturing
Monthly Newsletter | May 2022 | Issue 118 Featuring Focus On Is “Buy Now Pay Later’, the next payment disruption in consumer lending?
Given the enduring prominence of credit vulnerability as the primary risk factor within the global financial industry,
Over the years, an individual’s or even an organization’s creditworthiness is defined by their credit score.
The pandemic has halted the proliferation of traditional paper-driven, face-to-face loans and forced commercial lenders to move toward digitalization. Additionally, fintech companies addressing the same
As we enter this next phase of the recovery, the future is unfolding. 2021 has taught all of us a lot about handling the unexpected.
Business leaders, how important is financial analysis for the growth of any business? The assumption is that financial analysts are expected to do it for
The LendTech Collective Insights to stay ahead! Bimonthly Newsletter | Mar 2022 | Issue 117 Featuring Focus On Lending Trends 2022 –
The Fed is set to raise interest rates in 2022 faster than it has in decades. Credit Unions knew higher interest rates were on the
Forward-looking organizations need to go beyond what online finance and accounting applications such as QuickBooks etc. offer. Standard reporting features are not empowering enough. How
In the past 22 months, Credit unions are being challenged with evolving regulatory changes, more robust disaster planning, and widespread staffing shortages. With views on
Reconciliation at many firms remains a laborious, time-consuming, and risk-laden process, where employees are forced to hunt through piles of spreadsheets and tick off every
While financial enterprises have been in the digital race lately, the industry hasn’t been able to efficiently leverage technologies in default management and subsequently improve
COVID-19 pandemic continues to affect the global financial sector and the damage to businesses and economies is becoming more visible every day. Countermeasures taken to
Monthly Newsletter | Jan 2022 | Issue 116 Featuring Focus On Alleviating collection risk and elevating customer experience: Tips to Lenders While financial
COVID-19 has brought about a powerful shift in reality; in addition to the effects
Lending is one area where data is providing most revolutionary changes. Lenders are increasingly using data to aid the loan origination process, both for current
Digitization has been altering and redefining many business models and processes for some years now. Some future-focused organizations have recognized the importance of going digital.
According to Ombud’s 2013 report, Open Research: Signature Solutions, the “adoption of eSignature solutions has empowered visionary enterprises to lead their industries by streamlining entire business
Customer churn has a devastating effect on businesses. On the flip side, it is estimated that a 5% increase in customer retention can lead to
The lending industry is data-intensive with massive graveyards of unused and unappreciated credit processing data. As lending firms and credit bureaus face increasing pressure to
Monthly Newsletter | Nov 2021 | Issue 115 Featuring Focus On From Data to Insights: Reengineer the power of data and analytics to
Digital transformation represents a key competitive opportunity, highlighting the fact that going digital is a top priority for everyone in every industry. All firms in all industries will
Most businesses agree that real-time data can help them make intelligent business decisions. When it comes to Credit Unions databases represent its most valuable assets.
Loan underwriting is tricky. Everyone has unique financial circumstances, and there’s no way you can be 100% certain that someone will pay back a loan.
Credit Unions are enjoying a record increase in their membership of late. With rising customer base, the focus for these credit unions remains faster processing
“According to The Financial Brand, AI can save the banking industry more than USD 1 trillion by 2030. And the rise of bots is playing
With the pandemic catalyzing the need for digital lending and the percentage of bad loans increasing, API has become more indispensable than ever before in
Monthly Newsletter | Sep 2021 | Issue 114 Featuring Focus On Unlock the power of API for a breakthrough in your Lending business!
Third-party frauds has been on the financial industry’s radar throughout 2020, with account takeover and account opening fraud representing high opportunities for risk. Today more
In this write-up, I will be continuing on the digital impact of accounting and discuss the different technologies that are at the forefront of accounting.
Being in a competitive industry you’re smart to implement emerging technologies to reduce operational and customer acquisition costs. But, do you know what’s even smarter?
Covid-19 has significantly disrupted working practices across all industries. The pandemic has created an imperative to fundamentally reimagine the nature of work, workforce, and business
The COVID-19 pandemic has created uncertainty regarding the future of the economy, and its scale of impact will depend on the intensity and duration of
There are 2.5 quintillion bytes of data created each day at our current pace: not only is there more data, but there are more
High level of approved not-funded applications. Large volumes of manual reviews. inconsistent decisions. inability to meet real time demands. Do these sound familiar to you?
Insight Consultants have been involved in the design, development
Risks are an inevitable part of financial operations, but that does not mean they cannot be mitigated. Commercial banks and private lenders are constantly taking
The fact is, as many of 30% of adults in today’s credit market are virtually invisible to traditional screening methods. The growing population of digital
Monthly Newsletter | May 2021 | Issue 112 Featuring Focus On How AI & Alternative Data can help Lenders in Credit Decisioning A new
Like any other industry, COVID-19 has created new, immediate needs for credit unions: Rapidly transitioning to remote work, serving members with reduced branch availability, reallocating
Introduction As everyone has their own mother tongue, it is said that accounting is the core language of business. This language is playing a crucial
Converting a potential lead to a paying customer is a tough task. The Sales team must sort through a long list of potential customers every
Ticking off tasks is one of the most critical components of any organizations success. It starts off when top level management puts down a strategy
Member service is the pillar of Credit Union Industry. Credit Unions strive to make their services more efficient to their customers. At the same time,
As financial institutions shift toward a digital end-to-end lending process, they are setting the groundwork for a new era in banking founded on Fintech partnerships
2020 has been a year of uncertainty for every business. For financial institutions, marketers, and everyday consumers, 2020 has presented challenges that are simply unprecedented.
Monthly Newsletter | Mar 2021 | Issue 111 Featuring How Lenders can adapt to the changing trends in commercial lending in 2021 Simplifying payments with
The pillar of the Credit Union industry is member service. Credit Unions have strong relationships with their members and strive to do what is right.
Gone are the days when the CFOs’ role was tied exclusively to back office tasks. Now they are widely
As a finance professional, excel is one of the tools you can never work without.Excel is used for data consolidation and reporting on a day
Digital disruption is taking over and swiftly transforming the financial services industry. Due to their strong commitment to enhanced member experience and member satisfaction, credit
Monthly Newsletter | Jan 2021 | Issue 110 Featuring Focus On Combating fraud in a changing financial landscape Covid-19 has caused upheaval to
Covid-19 has caused upheaval to all our lives. The pandemic has given rise to a new pernicious threat:
Technology has seeped through every part of our lives, making much of our day-to-day business smarter and more efficient. Banking is no different. Neo Bank
Finding someone to invest in your business is a challenge. Above that, managing that relationship once it’s established is a whole new can of worms.
COVID-19 presents novel issues for underwriters, who are grappling with the need to support their clients
The economy of the country is largely impacted by the pandemic and as a result
Bimonthly Newsletter | Nov 2020 | Issue 109 Featuring Focus On Best practices in credit risk management post COVID 19 In the wake of
There are 2.5 quintillion bytes of data created each day at our current pace: not only is there more data, but there are more scattered
What is CSRF? Cross-Site Request Forgery (CSRF) is an attack that forces an end user to execute unwanted actions on a web application in which
The consumer lending business is centered on the notion of managing the risk of borrower default.
Managing accounts and ensuring on-time repayment are the success mantra of every small business lending. But when it comes to maintaining consistent repayments, most of
Monthly Newsletter | Sep 2020 | Issue 108 Featuring How to avoid balances being charged off as bad debts Early warning solution for non-performing debts
To make the best decisions, you need to know what’s happening with your business in real-time. Many small businesses are struggling to keep up with
There is a genuine fear amongst workers that automation is going to take over their jobs. As time has passed though we are realizing that automation can
Customer attrition is a big business killer and every business deals with it. It is one of the few metrics that can be directly correlated to revenue. Reduce attrition among paying customers, and you’ll be
As I have explained in another article earlier on why MS-Excel may not be the right application every time, we now need to explore and
You are stuck at home as the whole globe is in COVID-19 scare. You have a ton of work to complete. There are many distractions.
Have you ever noticed the look on a child’s face when he gets a new toy? It is priceless and he is like at the
Is Banking reconciliation a Headache for you? Do you have Fixed assets in your books? Are you a part of a small or medium enterprise?
The Lending industry survives on the quality of services it delivers to the customers. Most people do their banking in commercial banks as opposed to
Access to capital is one of the biggest barriers small businesses face when looking to implement growth strategies. Here debt can help. Businesses can rely
I almost always wonder if all testers are paranoid. What if it stops working in this way, what if something is missing here, what if
“Buy now, pay later” is a tempting offer made by many firms to their customers to increase their customer base. However, both parties need to
Some of the Cloud Services are Online servers, online database service providers, Online website host providers, Cloud data storage like One drive etc. As the
An important component of the $2T Coronavirus Stimulus Program is the provision of a Paycheck Protection Program (PPP) with $350B designated to assist US small
Business have a larger amount of data at their disposal. Even though data and intuition show that some leads are better than others, sales teams
The COVID-19 pandemic is forcing lenders to contend with a host of issues, including quarantines, diminished cash flow, travel restrictions, supply chain disruptions, and overall
Managing in normal times is repetitive in nature where problems are minimal, and outcomes are usually as expected. Crises on the other hand are sudden
Monthly Newsletter | Jul 2020 | Issue 107 Featuring Focus On Robotic Process Automation : Guiding the Way Through Tough Times. In the face
Before we dive deep into the topic. We need to get this out of the way. What do you call a team that is not
Reconciliation is a critical component of financial services. Data Reconciliation describes the method of verifying and validating data collected from multiple systems, and is required
Did you know this? The NYSE trade data for a day is almost a TB! Well if you think that’s big, FB accumulates 500+ TB
— Asynchronous over Synchronous Have you encountered any performance issues recently? Is the spinning icon troubling you? Any timeout errors that you wish you could
A Virus outbreak has belted lenders with a ripple effect the size of a perfect storm. Though many firms have responded quickly catering to the
For the lending sector, protecting the stability of the organization and to reduce credit exposure are the biggest concerns during the pandemic. This has emphasized
To avoid the data leakage of any company and protect it from hackers (including data collecting software without notifying the user) we have a lot
As countries go into lockdown due to COVID-19, people are forced to keep social distance and work from home. This crisis highlights how important digital
Every company has it’s values. You would have seen this on their orientation presentation or on wallpaper at the office reception area and other locations
SME lenders already know that the market offers a huge opportunity,
Financial sector is becoming increasingly competitive and facing several threats from various areas.
Monthly Newsletter | May 2020 | Issue 105 Featuring Focus On Impact of Digitization in Credit Risk Management The financial sector is witnessing a
Monthly Newsletter | April 2020 | Issue 104 Featuring Focus On COVID-19 Impact: Challenges and Opportunities to Lending Industry COVID-19 has curbed
There are many remote-working organizations that might flow naturally in this current COVID 19 situation when all other companies are learning the new reality. While
COVID-19 has curbed the globe, unexpected and unwanted.
As the world copes with the corona virus, the outbreak is causing widespread concerns and the biggest danger to the global economy since the 2008
Have you ever lost a lot of really important data? When was the last time you had taken a backup of your work or personal
Covid -19 has impacted the world like no other situation since at least World War II. In financial terms, it poses the biggest danger to
Lenders face higher costs of fraud than other industries. According to LexisNexis Risk Solutions, for every dollar of fraud, lending companies incur $2.82 in costs,
“It takes 20 years to build a reputation and few minutes of cyber-incident to ruin it.” – Stephane Nappo, Global Head, Information Security, Société Générale
A debate that dates back to 2007 from the CIO magazine article, “How To Say Goodbye to Spreadsheets” the article suggests the need to move
Monthly Newsletter | March 2020 | Issue 103 Featuring Focus On Beware! Online fraud, a big challenge to the lending industry “It takes
Due to its surge in popularity, and fast transaction cycles, online lending is a prime target for cybercriminals. Though financial institutions may have always had
Is anyone protecting our data? We are sharing our data with many companies and many people for different reasons. It’s better to have someone protect
Loan approval has become much easier in the recent past. But debt collection is still a daunting task which affects the productivity of lenders and
With advances in Artificial Intelligence and Machine Learning, it is possible today to make loan default management hassle-free. Based on access to large volumes of
Research by Thomson Reuters suggests that technological advances such as cloud computing and real-time data will have the biggest impact on the corporate finance and
Transforming Lending with the Power of Predictive Analytics IDC predicts that by 2025 world’s data will grow 61% to 175 zettabytes, with as much
“Buy now, pay later” is a tempting offer made by many firms to their customers to increase their customer base. However, both parties need to
Newsletter | January 2020 | Issue 101 Focus On Making debt collection a win-win deal Loan approval has become much easier in the
IDC predicts that by 2025 world’s data will grow 61% to 175 zettabytes, with as much of the data residing in the cloud as in
Loan processing is often a complicated and time-consuming process. It works with multiple partners and business providers. Before its completion, on an average, it will
Fintech is evolving so fast and the Global investments in FinTech more than tripled in 2014, reaching more than $12 billion. It is a revolution
Lending is one area where data is providing the most revolutionary changes. Lenders are increasingly using data to aid the loan origination process, both for
Banks / Lending firms / credit bureaus have spent many years looking for ways to reduce the cost of operation, increase efficiency and to enhance
When you lend money and provide credit, you put yourself in a vulnerable position. Smart lenders minimize their credit risk by knowing exactly what they
Chatbots are changing the way brands interact with their customers, and when the chatbot is of high quality, those changes are usually positive. Businesses can
Data overload is a fact that many enterprises are currently struggling with. At times it can be difficult enough just trying to get the data
Cloud computing is just another revolution in how computing power is delivered to a business. It allows businesses to store all data on remote servers,
In this ever-changing world, businesses need to pursue strategies which reduce cost, save time and increase efficiency. Businesses need to evolve quickly, make sure you
In the dynamic landscape of lending, staying competitive necessitates a tailored loan processing solution that seamlessly evolves with your business. However, both lenders and borrowers
Financing is the backbone of any business, but this is an area which is extremely difficult for most SMEs, small businesses and start-ups to navigate
Modern lending systems are all about providing access to funds anytime, anywhere, for customers who are increasingly tech-savvy. Digital channels fulfil the customers’ need for
As digital lending continues to grow, firms are looking for ways to secure their delicate data. Here Artificial Intelligence has become the need of the
Startups are sprouting in every sector, but statistics reveal that over 94% of them fold within the first year, often due to lack of funding.
SME sector is fast growing, and it has become an important part in the growth of economies. Despite all these if your small business is
Today’s customers expect fast and seamless operations and therefore lending firms are looking for ways to make their services more efficient and profitable to both
The consumer lending business is centered on the notion of managing the risk of borrower default. To effectively manage the loan life cycle, and specifically
The business of loans has undergone significant change owing to the financial crisis and emergence of non-banking entities paving way for people’s money reaching borrowers
Today’s customers have no patience for the mounds of paperwork and lengthy processes, redundant requests or lack of process transparency when applying for loans. Many
Best decisions are always made from the most reliable and complete data.
Built a container application using Xamarin, for the client, K4 Connect , which helped its customers
Over the past decade, REST has become standard among developers for designing web APIs.
Block chain is a trending technology that is revolutionizing global financial sector. Its impact on various industries has been so positive that even the lending
As digital lending continues its rapid expansion, businesses seek strategies to enhance efficiency and profitability for both lenders and borrowers. Central to consumer lending is
Blockchain, the disruptive technology is revolutionizing the business of lending. Lending firms have globally started harnessing blockchain concept as it offers much potential for creating
Today’s customer expects fast, seamless and hassle-free access to loan services at a time, place and channel of their choice. They seek loan products that
As digital lending continues to grow, firms are looking for ways to make their services more efficient and profitable to both lenders and borrowers. Process
We have helped several companies to reach global level. Here is a video on some of our success stories. Contact Us
Finance sector is one area where most significant evolution on account of technological advancements is happening. In fact, that it has led to the coinage of
Loan Origination is one of the core processes of financial firms to streamline their loan processing cycle. An automated loan origination solution allows the lending
Like internet revolution, Artificial Intelligence is probably the major technological shift of the century.
For decades, lender and credit bureaus have employed the same relatively static, traditional business models. But, today’s customer expects fast, seamless and hassle-free access to
This white paper from Insight Consultants describes how enterprises benefits by migrating to Microsoft Office 365 and
Re-designing of Loan Origination Application, twice as fast as its previous version,for the Client ‘Open Road’.
Enterprises increasingly look to cloud deployment as a viable model for agile, cost-effective IT delivery.
Effective deployment of a custom Loan Origination management system for ‘Leap Credit’
As a professional services provider, how would you rate your Quote to Order process? Is it time for an overhaul? Speaking to engineering consulting services,
Automate…automate…automate …You probably have heard the automate refrain many times over by now! Are you familiar with Robotic Process Automation (RPAs) ? For those who are not – any
Here is the true story of a structural engineering consultancy which was able to deploy virtual teamwork (with our team at Insight Consultants, formerly known
Navigating small and medium sized businesses is extra tricky these days. The speed of technology and economic changes means that there is a constant need
Today’s customer expects fast, seamless and hassle-free access to loan services at a time, place and channel of their choice. But unfortunately, many lending firms
Is Blockchain the future of digital lending? Today’s customers expect not just fast, seamless, and hassle-free access to loans but transparency, and security of their
A 100% secure software development is almost impossible, as no software can be made fully protected. But with cyber-attack and malicious threats common in software industry,
As digital lending continues to grow, firms are looking for ways to make their services more efficient and profitable to both lenders and borrowers. Process
Artificial Intelligence is creating a big impact in almost all industries. It is anticipated that overtime, AI is not only going to revolutionize the financial
In today’s fast-paced financial world, the need for effective risk management in lending firms is more critical than ever. With the rise of digital lending
Blockchain is a trending technology that is promising to revolutionize the business of lending. Lending firms globally have started harnessing blockchain concepts for its potentially
The giant leap of the mobile technology and its associated applications indeed transformed our lives. Accessibility of all manners of smart products and services is
In today’s competitive lending market, firms are looking for ways to offer services efficiently as well as improve their profit margins. By using automation tools,
Modern lending systems are all about providing access to funds anytime, anywhere, for customers who are increasingly tech savvy. These empowered customers have no patience
Successful deployment of a payment reconciliation software for the client , Ascension Technologies, LLC
In the current commercial lending market, financial institutions are increasingly mindful of improving their practices in many areas to increase efficiency, decision speed, and productivity,
Growth is great for business, but it brings with it a whole new set of problems. Most organizations today don’t heed them when tackling innovation
Banks are now passing through the rough trough of digital transformation. The current trend in the banking sector is how to fulfil banking needs of
According to Microsoft, “Gold Certified Partners represent the highest level of competence and expertise with Microsoft technologies, and have the closest working relationship with Microsoft.”
Business Intelligence is undoubtedly a powerful technology, where companies can gain positive impact by injecting it in the effective way.
New entrants to the market, new business models, changing customer expectations and fragmentation of traditional services, all contributing to put traditional banks under pressure. Cash
Self-service business intelligence tools like Power BI are marketed as a hub that pull in data from various departments of the organization and help decision
Development of a web and Mobile Application to effectively capture loan prospects
Successful development of a compliance-ensuring Loan Origination Software ‘CreditCore’, for client 3530 Technologies, to maintain a competitive advantage in the fast-moving corporate loan market. DOWNLOAD
Whether its increasing sales, productivity or reducing cost of goods, we, at Insight Consultants, help you get to the root of the problem, solve it
Hybrid Cloud, nowadays has become the best choice for many businesses as it is a blend of public cloud, private cloud and traditional information technology
Development of “Huckabee Assessment Software Portal” for its client ‘Huckabee & Associates’
Is Cloud Computing the ultimate game changer? This white paper explains the amazing influence of the cloud in changing
Project Management is a critical activity for many organizations. Those who want to maintain competitive head a perfect planning
Successfully rolled out Microsoft Office 365 for its client, ABC International, that
E-store development by re-designing a non-functioning WordPress website to give a personal touch that can perform
Insight Consultants effectively solved the challenge of managing a very huge customer data of its cleint Plitt Company by initially working as a ‘follow-up’ agent and later
Successful development of an E-classroom management system for our client Perspectives.
How do we engage with our clients when it comes to Radical Rooting ®? What is it that we do exactly and what is this
Overview Insight Consultant’s online recruitment solution, developed for Javelin HR Solutions, combines the process of prospective employee assessment, applicant management and recruitment through a single
Development of an online version of an drilling manual for its client Drillers.com., that is easy to access, use, maintain and protect against piracy and also the information
Summary: More than 50% of software projects fail today. Studies conducted by major research groups prove this. Why is this so? Are there any safety
In the ever-evolving landscape of technology, software development is at the forefront of innovation. Whether it’s creating applications for mobile devices, building enterprise-level software solutions,
“Project Management is the application of knowledge, skills, tools and techniques to project activities in order to meet or exceed stakeholder needs and expectations from the project.” (Guide to the Project Management Book of Knowledge, 1996)
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