NBFC and Lending Software Development Company in Mumbai
Custom loan origination and loan management software for Mumbai NBFCs and fintechs: KYC, underwriting, disbursal, collections, accounting and RBI compliance.
Mumbai is where most of India's NBFCs are headquartered. Lenders compete on speed of sanction and quality of collections, both of which are software problems, under regulations that have tightened considerably for digital lending.
Origination
Loan management
Compliance by design
RBI's digital lending rules become product behaviour: disclosures before acceptance, cooling-off, data stored in India, limited app permissions, grievance officer and reporting of lending apps.
Compliance bolted on after launch costs three times what it costs at design.
AI
Cost
Lending platforms usually charge per loan or per account every month. A custom system is a one-time cost with a year of AMC free.
