The Fintellix NPA Management Solution is a pre-packaged solution to comprehensively cover the requirements under IRACP guidelines and substantially reduce operational / reporting overheads. The solution enables financial institutions to classify and monitor borrowers, with the flexibility to quickly incorporate regulatory changes and add rules to meet business needs.
Traditionally, Small and Medium-scale Enterprises have preferred lending from non-bank enterprises. One of the reasons for the low demand has been the banks' lack of distribution agility to reach SMEs at a scale and Slow Lending Process. Most banks still follow the manual process requiring hard copies of documents and a rigid traditional credit scoring model that takes into account internal data and credit bureau data. Fintech and Neo banks are creating a competitive threat by using digital s