Your core banking system isn’t your loan management system. Here’s the difference
Industry Information

Your core banking system isn’t your loan management system. Here’s the difference

If you have spent any meaningful amount of time in lending, you have likely heard someone ask the question, ā€œCan’t our core banking system handle loans too?ā€ On the surface, it seems like a fair point. Loans are essentially account balances. When a customer takes out a loan, the system records the disbursed amount as […]

Why Nigerian banks will never win the consumer credit game
Lending

Why Nigerian banks will never win the consumer credit game

Now that we know how important consumer credit is and why it is an important problem, why are banks ill-qualified to solve the problem?

6 common misconceptions about using GSI for loan recovery
How to

6 common misconceptions about using GSI for loan recovery

GSI can be triggered on customer's accounts when they don't pay their loan. Not true!