APIs for lenders to reduce NPL
The threat that bad loans pose to lenders can’t be overemphasized. A lot of lenders have had to write off an alarming amount of non-performing loans (NPL). As a lender, a big concern you’re often confronted with is “what if they don’t pay back?” It’s imperative to be able to recover your loans. This is […]
How to get a lending license in Sierra Leone
If you operate without a lending license in Sierra Leone, you shall be punishable by a fine not exceeding Le5,000,000, or by imprisonment for a term not exceeding 180 days, or both. But, that’s not the only reason why you need one, right? Predatory lending thrives in markets with no regulation. While there may be […]
Why speed matters in credit approvals
This article looks closely at why speed matters, where lenders typically lose time, and how fast approvals can improve portfolio outcomes.