What you need to know about Nigeria’s Open Banking
Two years after the first Open Banking framework circular was released, the CBN issued operational guidelines for Open Banking on Tuesday, March 7, 2023, heralding a start for what many anticipated would bring about a much-needed change in financial services.
Combating fraud in the lending ecosystem: Your role as a digital lender
Fraudsters bank on your silence and my silence to thrive; they are aware that their victims will stay quiet, as they may face jeers and sneers if they admit to getting scammed. Hence, these grifters continue to succeed in their dishonest schemes. How then do we combat fraud?
The possible upsides of making GSI the go-to loan repayment method
The Federal government initiated the Global Standing Instruction (GSI) to nip the issue of non-performing loans and unrepentant loan defaulters in the bud. Unfortunately, the implementation of this very powerful tool has been limited.
Should I lend to this customer? A guide to risk assessment
For any lending business to be profitable, a lender must be assured of recovering their loan. Here are a few practical guides on how to determine if you should lend to a borrower or not.
What it takes to be a digital money lender
Fintech, especially digital lending, is one of the fastest growing sectors in every economy in the world. It’s no surprise that everyone wants to dabble into digital lending as their first foray into the exciting and extremely innovative world of fintech. But should you be a digital lender?
Driving growth: How Government can boost economy via credit ecosystem
Read about how the government can drive economic growth through the credit ecosystem
How direct debit is simplifying payment collection!
Read how direct debit is simplifying payment collection!
234Loan is transforming lives, one loan at a time
Read how 234Loan is transforming lives, one loan at a time
If your employer won’t give you a staff loan, ditch them!
Read how staff loans drive employee happiness and productivity
How to utilize configurable loan forms for your lending business
Learn more about Lendsqr's configurable loan forms today!
Use multiple credit bureaus to double your protection
Lendsqr has taken a bold step to make lending more secure and effective by offering a feature that allows lenders to link multiple credit bureaus services. This innovative feature is a game-changer for the lending industry in Nigeria, where access to accurate credit information is vital for managing credit risk and reducing non-performing loans. At […]
Get bank accounts and statements of your borrowers. Almost free.
Lending is a game of data – if you know as much as possible about your customer, you can make a good decision about if 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 […]
