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Lending is a game of data ā if you know as much as possible about your customer, you can make a good decision about whether to give a loan, how much to give, or even for how long to give or not to give. However, getting this data is harder than breaking a coconut with oneās head.
How lending software for small lenders levels the playing field with big banks
Banks used to win by size because lending rewarded scale: large banks employed armies of underwriters, maintained branches in every district, and stored customer records in costly legacy systems that slowed change and hid useful data. Small lenders could move faster in a neighbourhood or a niche, yet that speed rarely translated into wide reach […]
Frequently asked questions on loans powered by Remita
This article explains how Remita Direct Debit works, who can use it, its limitations, and how lenders can leverage it to improve repayment consistency.