Perfios

To kickstart economic growth in the post-pandemic era, simplification of business loans for SMEs turns out to be a crucial step. Longer timeframes for loan processing will put lenders at a competitive disadvantage. Additionally, they are also one of the leading factors that affect customer satisfaction. In this aspect, the use of reliable data analytics software solutions can help out. What is Data or Account Aggregator? Account Aggregator or an advanced data analytics platform serves to be a dedicated framework that has been designed to ensure the respective financial service providers to share data centric to applicants seamlessly across different stages of the credit-related decision-making process.    The RBI recently started offering licenses to specialized NBFCs -referred to as AAs or Account Aggregators. The primary purpose of Account Aggregators is to gather consumer-centric financial data like bank statements, utility payments, frequency of online shopping, IT returns, and s

For financial organizations to keep up profitability and competitiveness, they should provide the required financing in a timely and effective way while ever keep observing to provide a phenomenal customer experience. Thus, automation is essential for the prospect of lending, and those financial companies that adopt it early and efficiently will yield wonderful rewards.   The growing technology like automated credit decisioning is invading to the degree that they are identifying the way the financial organizations communicate with the customers to take a call to action and refrain from manual procedures. What AI and Automation-based Decisioning Put Forth?    Profitable results have earlier been outcomes of the appropriate products to the proper customer offered at a suitable time. But in today’s time, those who primarily accept the latest technology, such as AI-powered decision-making and automation, to fulfill the clients’ expectations are the ones who would attain a competitive outl