Lentra

Understanding the MultiBureau®️ Approach in Lending

Understanding the MultiBureau®️ Approach in Lending

In the world of lending, banks and Non Banking Financial Companies (NBFCs) are continuously refining their methods to balance risk and reward. A critical component of this balancing act is the assessment of creditworthiness, for which lenders turn to credit bureaus. While relying on credit scores from one bureau was

India's Lending Landscape: A Metamorphosis of Fintech, Regulations, and Innovation

India's Lending Landscape: A Metamorphosis of Fintech, Regulations, and Innovation

The Indian lending landscape is undergoing a dynamic transformation. Fuelled by a growing population and rising aspirations, the demand for credit has skyrocketed. This has ignited a fascinating interplay between the rise and fall of fintech, the Reserve Bank of India's (RBI) regulatory interventions, and a constant push for innovative

Embracing the future: How new age fintech platforms are transforming end-to-end lending in India

Embracing the future: How new age fintech platforms are transforming end-to-end lending in India

The landscape of lending in India encompassing loan origination, management and collection, is undergoing a dramatic transformation in the wake of digitalisation. This evolution is not just enhancing the efficiency of disbursing loans but also improving the decision-making process. The lending institutions are now moving away from traditional, labour-intensive loan

AI-Powered Identity Verification: How to streamline onboarding for New & Repeat Loan Customers

AI-Powered Identity Verification: How to streamline onboarding for New & Repeat Loan Customers

Life is full of unexpected events that can catch us off guard, such as a sudden job loss or a medical emergency. Meet Priya Sharma, a successful marketing manager who recently faced an unexpected car breakdown that led her to dip into her savings. This unforeseen event left her with

Transformative Evolution: Credit Integration into the UPI Ecosystem

Transformative Evolution: Credit Integration into the UPI Ecosystem

Discover the future of finance as UPI integrates credit lines. Explore the game-changing 'Credit on UPI,' providing unprecedented financial flexibility for users and a gateway to new opportunities for banks.

People at Lentra - From Early Days to Leadership, Ashwini's Success Story at Lentra

People at Lentra - From Early Days to Leadership, Ashwini's Success Story at Lentra

Meet Ashwini Patil, the Senior VP of Product Engineering at Lentra. Her story is all about aiming high, being professional, and always reaching for more.

AI’s Impact on Finance Jobs: Is Lending Sector Ready?

AI’s Impact on Finance Jobs: Is Lending Sector Ready?

"The development of full artificial intelligence could spell the end of the human race. It would take off on its own, and re-design itself at an ever-increasing rate." These words spoken by renowned physicist Stephen Hawking in 2014 hinted at the transformative potential of AI, sparking both excitement and concerns.

Revolutionising Banking: Lentra's Journey towards Frictionless and Safer Digital Lending

Revolutionising Banking: Lentra's Journey towards Frictionless and Safer Digital Lending

In today's fast-paced world, where convenience and speed are paramount, the traditional banking system has struggled to keep up. Whether it's funding a child's education, buying a house, or starting a business, credit has become a vital tool to achieve our dreams. Unfortunately, access to credit is not evenly distributed,

Transform Customer Experience in Personal Loan with Digitization

Transform Customer Experience in Personal Loan with Digitization

With an expected smartphone user base of 1 billion by 2026 [1], India is quickly undergoing a digital revolution in every aspect of daily life. And the retail loan space is not far behind. Between 2017 and 2020, in just 3 years, active retail loans in India have almost doubled!

Opportunities with the digitization of vehicle finance in India

Opportunities with the digitization of vehicle finance in India

“Digitization is the future of Auto sector.” Amit Jain, CEO of CarDekho The Indian auto industry is huge. It contributes 7.5% of the overall Indian GDP and 49% of the manufacturing sector. [1] With Covid wreaking havoc on auto sales for two years, it is now poised for a

Mitigating Risk While Tapping the Rural and Semi-Urban market with Kisan Credit Card (KCC)

Mitigating Risk While Tapping the Rural and Semi-Urban market with Kisan Credit Card (KCC)

On 02 Sep 2022, RBI launched a pilot project to digitalize the entire Kisan Credit Card (KCC) journey end-to-end in a few districts across India. RBI has tied up with Union Bank of India and Federal Bank for this experiment. Source: RBI RBI has spelled out a clear goal, which

How An Early Warning System Can Leverage Data and Help Banks Effectively Manage Credit Risk

How An Early Warning System Can Leverage Data and Help Banks Effectively Manage Credit Risk

As per Reserve Bank of India’s (RBI) financial stability report, the Indian banking system encountered approximately 6,500 incidents of fraud worth ₹30,000 crores in the year 2019 alone. The lack of due diligence in loan disbursal and credit defaults are the primary contributing factors to these frauds.

Challenges and opportunities for Lenders Financing for Cattle Loan

Challenges and opportunities for Lenders Financing for Cattle Loan

Agri-fintech is a $600Bn opportunity in India. Hemendra Mathur, Venture Partner at Bharat Innovation Fund [1] In the entire agriculture sector, which includes the livestock sector, informal lending constitutes 70% of all lending. The interest charged on this informal credit ranges between an astounding 24%-60% per annum. This takes

Picture Credits: Lifeonwhite

Strengthening rural economies through financing the livestock sector in India

India’s livestock sector has an impressive contribution to the rural economy. Livestock provides livelihood to two-thirds of rural communities. It alone provides employment to 8.8% of the Indian population. India’s livestock market is one of the largest in the world and is showing incredible potential for growth.

The Rise of Open-API driven Embedded Finance and the opportunities it presents

The Rise of Open-API driven Embedded Finance and the opportunities it presents

With the growing internet accessibility and smartphone usage in India, the demand for convenient, efficient and flexible payment options has also increased. The consequential growth in e-commerce has created a need to bring together various participants of the financial services industry and e-commerce companies to create innovative payment and credit

Lentra is revolutionizing the BNPL landscape in India

Lentra is revolutionizing the BNPL landscape in India

Sandeep is a hardworking freelancer. For a 23-year old who is just one year into the business, he is doing well for himself. He moved into a new city last month and lives on his own in a small rental apartment. Sandeep wants to buy a new MacBook Pro, which

The fascinating story of BNPL in India

The fascinating story of BNPL in India

Source: Inc42 - State of India Fintech Report Q1 2022 [https://inc42.com/reports/state-of-indian-fintech-infocus-bnpl-q1-2022-report/] Even a casual look at the graph above tells you what an exciting journey BNPL is having in India. As per an Inc42 report, Lending Tech itself is poised to grow to $616 Bn in

Buy Now Pay Later - A Global Perspective

Buy Now Pay Later - A Global Perspective

Pandemic has changed the way we pay. A 2021 McKinsey Global Payments report calls it “Enduring shifts in behaviour”. The pandemic reinforced major shifts in payments behaviour: declining cash usage, migration from in-store to online commerce, adoption of instant payments. 2021 McKinsey Global Payments Report With more consumers moving to

The Dizzying Rise of Cloud Lending Platforms in India - A Technologist’s Perspective

The Dizzying Rise of Cloud Lending Platforms in India - A Technologist’s Perspective

Bank CEOs now 'think themselves as running technology companies, as much as they do about running financial companies' Bill Winters. CEO, Standard Chartered [1] India is going through a Fintech revolution. With the world’s highest adoption rate of 87% [2] and the Government’s support through programs like UPI,

Efficient Decision-making Accelerated with Lentra's Next-Gen Business Rules Engine

Efficient Decision-making Accelerated with Lentra's Next-Gen Business Rules Engine

Should a loan application be approved? How much is the applicant’s eligibility? Is it a risk profile, and how can that risk be mitigated? In today’s age, Banks need to evaluate such questions within a few seconds of receiving an application. Additionally, the complexity of loan on-boarding and

Emerging Trends in the Fintech and Lending Landscapes

Emerging Trends in the Fintech and Lending Landscapes

The digital lending market of India stood at $75 billion in 2018 and is estimated to reach $350 billion by 2023, Statista [https://www.statista.com/statistics/1202533/india-digital-lending-volume/]. Interestingly, in the 2021 report—How India Lends [https://www.crifhighmark.com/media/2362/how-india-lends-fy2021.pdf]—CRIF High Mark states that

Automated Lending decisions for new-gen India

Automated Lending decisions for new-gen India

Recent estimates by CRIF report [https://www.crifhighmark.com/media/2362/how-india-lends-fy2021.pdf] that the lending market in India (as of March 2021) grew by 100% to Rs 156.9 lakh crores between FY 2017 and FY 2021. Retail lending portfolio grew by 91%, micro lending by 157%, and commercial

Digital Transformation to the Rescue of Co-operative Banks

Digital Transformation to the Rescue of Co-operative Banks

Co-operative Banks have always been at the heart of the economy but often face significant challenges. Stringent government regulations, the constant pressure to scale up business and reduce NPAs, a change and risk-averse mindset, as well as the legacy systems and processes hold back the speed of operations and the

Co-Lending: A win-win agreement for both banks and NBFCs

Co-Lending: A win-win agreement for both banks and NBFCs

At a time when India is reeling under the pressure of adverse economic impact created by the Covid-19 pandemic, it’s time banks and NBFCs collaborate to unlock the various business opportunities that could improve the credit off-take to the unserved and under-served sectors of the economy. While banks have