Introducing third-party disbursement: A game-changing feature for lenders
Third-party disbursement can now be configured on loan products on your Lendsqr lender account. Learn more about Lendsqr third-party disbursement feature
Why Nigerian banks will never win the consumer credit game
Nigerian banks have never been equipped to win the consumer credit game. Their rigid lending practices, heavy collateral requirements, and deep-rooted aversion to retail risk keep everyday borrowers locked out. Fintechs are filling the gap with faster, more flexible solutions, while banks remain stuck in outdated models. Now that we know how important consumer credit is and why it matters, why are banks so ill-qualified to solve the problem?
All you need to know about core banking applications
So what exactly is a core banking system? At its most basic, it’s the central software platform banks use to manage customer accounts, process transactions, handle deposits and withdrawals, and oversee everything from loan disbursements to compliance checks.