How to tell if you’re ready for enterprise-grade lending software
So how do you know when it's time to make the leap? Let's look at the concrete signs that indicate your business is ready for enterprise-grade lending software.
Lenders battle against fraudsters; a case for an industry blacklist
As digital lending surges in Nigeria, fraud has quietly become one of the industry’s biggest threats, with coordinated identity theft and serial loan defaulters overwhelming individual lenders who battle in isolation. The danger isn’t unique. Kenya offers a stark warning, with an estimated 3.2 million people blacklisted on the country’s TransUnion credit bureau. Without a unified industry blacklist to identify and curb repeat offenders, Nigerian lenders risk following the same path, continually staying several steps behind increasingly sophisticated fraudsters.
Effective loan collections for lenders in Ghana
Across Ghana, more and more people are struggling to keep up with loan repayments. Loan collection doesn’t have to be a battle. With the right strategies, tools, and mindset, lenders can recover loans without chasing people into hiding, and borrowers can stay afloat even when times get tough.