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The  Bank statement analysis  goes deep into the bank's statements and draws data from a PDF statement to obtain meaningful information about a borrower's recurring transactions, loans and defaults (if any), income and its frequency, and repayment capacity.  At ScoreMe, we want to nullify all these everyday challenges you face. Our team of domain experts (finance, banking), software designers, and engineers have designed and developed an innovative, intuitive, AI-driven, automated Bank Statement Analyzer Tool which analyses the bank statements and generates insightful, actionable reports defining the creditworthiness of the prospective buyer automatically, thus saving you time, money, and other resources. Source Blog:  https://www.scoreme.in/services/bank-statement-analyser

  Fintech: The Basics Fintech (Financial Technology)  – are firms that help consumers and financial institutions enhance old services and create automated financial solutions. The services include wealth management, insurance, payment gateways and alternative credit scoring, among other financial services. The expansion of  Fintech companies in India  has been revolutionary. India saw a spurt in the number of  Fintech startups  between 2010 and 2015, with 1216 new startups emerging in the market. In 2021, Indian  Fintech ecosystem  stood at $31 billion, becoming the third largest Fintech market in the world.   Top services offered by Fintechs in India The services provided by these startups have helped customers and existing merchants create an ecosystem of shared resources and profits Source URL:  https://www.scoreme.in/top-ten-services-of-fintech-companies-in-india

Loan Management Software: The Basics Loan management software  automates and manages  end-to-end processes in a loan lifecycle . Traditional loan management requires lenders – banks, NBFCs, fintechs, etc. – to go through a lengthy and time-consuming process that includes assessing and verifying information about applicants and their ability to meet debt and other obligations. Errors can occur at any level, from incorrectly assessing a company's credibility to calculating and reporting assorted metrics. Why is loan management software absolutely essential for lenders? A bank or other lending institution's loan application process normally entails collaboration of several employees. A company's reputation may suffer, and fines and restrictions may be imposed if there are errors or if is found remiss in compliances.  Loan management software  can help streamline lending to a wide range of borrowers, including retail and SME -- peer-to-peer (P2P), point-of-sale (POS) and asset-