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NeoGrowth has received exclusive coverage in The Economic Times CIO, for an article titled, ‘Why is Analytics Important in FinTech Lending?’, authored by our CEO, Mr. Arun Nayyar.
When applying for a business loan from traditional lenders, they assess several parameters about the potential borrower including liquidity, credit score, volatility of earning, etc. The common challenge faced by many early-stage or small businesses is that they may not be able to check all the boxes to qualify, resulting in application rejections. Analytics in FinTech lending uses a variety of tools and models to automate as much of the lending journey as possible. Analytics also goes beyond this and can be used by FinTech lenders to improve customer experience, for talent acquisition, and to empower firms to make better decisions across all key business functions. In this article, Mr. Arun Nayyar highlights the relevance of analytics in fintech lending.
Click here to read the complete article
