9 common issues lenders face when setting up
Setting up a lending operation isn’t always straightforward, Over time, we’ve learned where most lenders stumble. Here are the issues that consistently slow things down.
What is a loan management software?
A loan management software is the operating system for lenders, without which most modern and progressive lenders cannot succeed. Any idea what it is?
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.


