Lendsqr Logo

Category: Information

The Federal Competition and Consumer Protection Commission (FCCPC); the regulatory agency responsible for ensuring consumer protection and regulating competition in Nigeria, recently released a Limited Interim Regulatory/Registration Framework for Digital Lending. This regulatory framework is enforceable whilst they work on a …
Interestingly, not every loan default is as a result of a lack of capacity to repay. There’s also the question of willingness. Actually, most loan defaults are due to borrowers’ unwillingness to repay. After years of abuse by recalcitrant debtors, Nigerian …
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 …
API integrations to reduce NPL
Now that you’ve made the decision to become a lender, the next big decision you’ll have to make has to do with the loan software to use. Especially for lending digitally. Whether you decide to build your lending technology yourself or …
features of the best loan software
Lending-as-a-Service is a type of Software-as-a-Service (SaaS) business model but built and designed solely for lenders. The first thing to note about lending-as-a-service (LaaS) is that it’s in the business of technology. It’s not a money lending business. A LaaS company …
what is Lending-as-a-Service -LaaS?
Are you aware that you can report bad lenders who couldn’t possibly care less about conforming to lawful and responsible lending practices? We sincerely hope so. But we don’t live in an ideal world. As much as there are good and …
report unethical lenders
Lending has probably been around since dinosaur times. While informal lending between friends, families and cooperative groups is still widely functional, the more formal lending organizations have to be regulated by the government. To own and operate a lending business in …

Category: Information