NBFC Software and Lending Solution


Digital Lending Solution For NBFC

Roopya digital lending solution for a Non-Banking Financial Company (NBFC) is a software tailored to enhance the operational efficiency of NBFCs by automating and optimizing the entire loan process, from application through to disbursement. It excels in loan origination by offering an intuitive online interface where borrowers can apply for loans, upload necessary documents, and get pre-qualified in real-time, significantly reducing the loan origination cycle. The platform’s advanced underwriting capabilities stand out by employing artificial intelligence (AI) and machine learning (ML) algorithms to assess credit risk more accurately. These technologies analyse traditional financial data along with alternative data sources—such as transaction history, social media activity, and utility payments—to offer a comprehensive view of the borrower’s creditworthiness. This approach not only expands financial inclusion by catering to those with thin credit files but also minimizes default risks. Moreover, the solution ensures compliance with regulatory standards, incorporates digital wallets and payment gateways for seamless transactions, and utilizes data analytics for insightful portfolio management, thereby streamlining NBFC operations and offering a superior borrower experience.

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NBFC Software and Lending Solution

Key features of a Roopya NBFC Lending Solution

Feature Category Key Features Compliance and Regulations
Loan Origination
  • Online application portal
  • Document upload and management
  • Automated eligibility assessment
  • Real-time application tracking
  • Pre-qualification tools
  • KYC (Know Your Customer) guidelines
  • AML (Anti-Money Laundering) standards
Credit Assessment & Underwriting
  • AI and ML-based credit scoring
  • Integration with credit bureaus
  • Alternative data analysis for creditworthiness
  • Risk-based pricing models
  • Fair Credit Reporting Act (FCRA)
  • Equal Credit Opportunity Act (ECOA)
Loan Management
  • Automated loan disbursement
  • Flexible loan repayment schedules
  • Loan servicing and collection
  • Restructuring and refinancing options
  • Insolvency and Bankruptcy Code (IBC)
Payments & Disbursements
  • Integration with payment gateways
  • Support for digital wallets and UPI
  • Automated EMI collection
  • Real-time payment tracking
  • Payment and Settlement Systems Act
Regulatory Compliance Management
  • Regulatory reporting tools
  • Compliance tracking dashboard
  • Audit trails and data encryption
  • GDPR and data privacy compliance for European customers
  • RBI guidelines for NBFCs
  • IT Act for data security
Customer Management
  • Omnichannel customer support (chat, email, phone)
  • Personalized dashboard for borrowers
  • Communication tools for notices and reminders
  • Feedback and complaint management systems
  • Consumer Protection Act
Analytics & Reporting
  • Portfolio performance analytics
  • Default and delinquency reporting
  • Regulatory compliance reporting
  • Customizable reports for operational insights
  • Financial Information Network and Operations (FINO) regulations
Security & Infrastructure
  • Data encryption and security protocols
  • Cloud-based infrastructure for scalability
  • Disaster recovery and business continuity plans
  • Secure access controls
  • IT Act for cybersecurity
  • General Data Protection Regulation (GDPR) for European operations
Integration & Scalability
  • API-based integration with external services (e.g., credit bureaus, banks, payment systems)
  • Modular architecture for easy scaling
  • Support for third-party plugins and extensions
  • Open Banking regulations and standards

Roopya Analytics Helping NBFC in Lending Process

Here is the Roopya lending solution helps in lending analytics for NBFC:

  • Enhanced Credit Scoring Models: Integration with Alternative Data Sources: Unlike traditional banks that primarily rely on credit scores from major credit bureaus, NBFCs can integrate a variety of alternative data (e.g., utility payments, social media activity, mobile phone usage patterns) with advanced analytics to develop more comprehensive borrower profiles. This is particularly beneficial for assessing the creditworthiness of thin-file or no-file borrowers.
  • Machine Learning Algorithms: By employing ML algorithms, NBFCs can analyse vast datasets to identify patterns and correlations that human analysts might miss. These algorithms continuously learn from new data, making credit scoring models more accurate over time. Techniques such as logistic regression, decision trees, and neural networks are used to predict the probability of default, enabling finer segmentation of borrowers according to risk.
  • Automated Decision-Making in Underwriting: Predictive Analytics utilizes historical data to predict future loan performance. For instance, by analysing the repayment history of similar demographic profiles, NBFCs can predict the likelihood of a new applicant defaulting.
  • Risk-Based Pricing: Advanced analytics enable the development of risk-based pricing models, where the interest rates and loan terms are adjusted based on the calculated risk of the loan. This approach ensures that higher-risk loans are priced appropriately, protecting the NBFC’s margins while remaining competitive.
  • Fraud Detection: Anomaly Detection Algorithms monitor application data in real-time to identify patterns indicative of fraudulent activity. Any deviation from established norms can trigger an alert for further review, significantly reducing the risk of fraud.
  • Network Analysis: Advanced analytics maps out the relationships between different applicants and identify suspicious clusters of activity, which might indicate organized fraud or identity theft rings targeting the NBFC.
  • Regulatory Compliance: Automated Compliance Check tools can automate the process of checking loan applications against regulatory requirements, ensuring that all loans are compliant with local laws and regulations, such as Know Your Customer (KYC) and Anti-Money Laundering (AML) directives.
  • Stress Testing and Capital Adequacy: Advanced analytics help in conducting stress tests on loan portfolios to assess the impact of adverse economic scenarios. This assists NBFCs in maintaining adequate capital buffers and ensuring financial stability.
  • Portfolio Management: Predictive Portfolio Analytics analyse the performance of loan portfolios in various market conditions, NBFCs can forecast future trends, identify potential areas of concern, and adjust their lending strategies accordingly. This proactive approach to portfolio management helps in mitigating risks before they materialize.

Best In-class Featuresimg

  • Easily create customized forms and applications
  • Track and monitor loan applications
  • Verify identities and documents
  • Provide a self-service portal for customers on both web and mobile platforms
  • Pre-built reporting and MIS capabilities
  • Designed with security and data privacy as a top priority
  • Configurable workflows to accommodate multiparty products
  • Credit risk assessment and modeling
  • Financial insights for underwriting and decision-making
  • Process enforcement and audit trails
  • Fully customizable to meet your business needs