Top loan management software for Jamaicans: Lendsqr vs. Soprabanking
Lender information

Top loan management software for Jamaicans: Lendsqr vs. Soprabanking

This article skips the usual pitches about how stressful loan management can be. You’re already living it. Instead, we’re looking into two contenders that promise to transform how you manage loans in Jamaica: Lendsqr and Soprabanking.

How to verify borrower’s ID
How to

How to verify borrower’s ID

In a country where there’s a huge consumer credit gap, high inflation and poverty rates, loans are definitely in high demand. As a lender, this means you get a high influx of loan applications daily. And guess what? You have to verify the identities of every single borrower that passes through your funnel. Character is […]

Your core banking system isn’t your loan management system. Here’s the difference
Industry Information

Your core banking system isn’t your loan management system. Here’s the difference

If you have spent any meaningful amount of time in lending, you have likely heard someone ask the question, “Can’t our core banking system handle loans too?” On the surface, it seems like a fair point. Loans are essentially account balances. When a customer takes out a loan, the system records the disbursed amount as […]