Terafina, an NCR VOYIX company’s Post

**Home Loan Digitization – The Future of Banking!** As the banking sector continues its digital transformation journey, home loan digitization is revolutionizing the way customers apply for and manage their loans. From online applications to real-time updates, the entire process is becoming faster, more efficient, and customer-friendly. Gone are the days of long waits and paperwork! Banks that embrace these changes will lead the way in providing seamless customer experiences. 💼💻 #DigitalBanking #HomeLoan #CustomerExperience #BankingInnovation #Fintech

Ordo’s VRP (Smart Direct Debit) solution empowers credit & lending providers to customise repayments efficiently, catering to individual needs for enhanced affordability and inclusivity. By enabling borrowers to manage repayments, it reduces default risks and promotes financial responsibility. The flexibility of VRP allows plans to adjust to income changes, easing financial stress and preventing defaults or unplanned overdrafts. As regulators open VRP to the broader finance industry soon, it's poised to transform credit, lending, and money management, boosting efficiency and lowering costs for both lenders and borrowers. Check out our collaboration with Custom Credit, a customer-centric consumer lender in the UK: [Case Study Link] #VRP #Credit #Lending #FinancialInclusion

I've been closely watching the shifting landscape in the SMB banking space - and the opportunities are enormous for credit unions! Speaking of opportunities, did you know SMBs are rapidly moving away from big banks? A whopping 66% of business owners say their primary bank doesn't truly understand their needs, opening the door wide for credit unions and fintechs to swoop in. And the numbers don't lie—estimates put the global B2B payments market at a staggering $125 trillion out of $235 trillion. This dwarfs the B2C side, which is around $52 trillion. This blog post dives deeper into how credit unions can capitalize on prepaid cards as an embedded payment solution to grow alongside their SMB members - https://lnkd.in/gQ6H5k3q #creditunions #prepaidcards

💸 Multitude Bank and Salt Edge have entered into a strategic #partnership to provide instant loan #repayments. Check out The Paypers for more details: https://buff.ly/3MYrML4 #thepaypers #banking #fintech #OpenBanking

To which type of banking we get higher returns/lesser risk/cheaper cost of deposits/impact of NPA lesser/Low ticket size of loan etc? A.Wholesale banking B.Retail Banking C.B2B banking D.Corporate banking Correct Answer: B. Retail Banking Explanation Retail banking it typically caters to individual customers and small businesses. Retail banks offer a wide range of services such as savings accounts, loans, mortgages, and credit cards. These banks focus on providing personalized services to their customers, which often leads to higher returns, lesser risk, and cheaper cost of deposits. Additionally, the impact of non-performing assets (NPA) is generally lower in retail banking due to the smaller ticket size of loans.

Prioritize CX to Elevate Commercial Loan Origination (CLO) Success! While Fintechs have redefined commercial loan origination (CLO) by focusing on speed and convenience, CX has emerged as the most critical factor for sustained success. Recent research highlights that many CLO processes lack customer-centricity, leading to low NPS scores, and this gap presents an opportunity to gain market share by prioritizing superior customer experiences. To explore practical tips for optimizing your CLO process for customer satisfaction in our latest blog post - https://lnkd.in/gDwM7NqK #CommercialLoanOrigination #CustomerExperience #Fintech #Banking #Innovation #Finance #TechnologyTrends #FinancialWellness

Merchant account: A merchant account is a bank account that is designed specifically for businesses to accept and issue payments, usually by credit card, debit card, or other electronic method. It’s not your business bank account—it’s a separate account that holds transacted funds before they are sent to your regular business bank account. Merchant services: Merchant services involve moving money in and out of merchant accounts, but they also include other services. - Visit us: https://lnkd.in/eeR427TY . . . . #merchantaccount #paymentprocessing #businessbanking #financialservices #creditcardprocessing #electronicpayments #transactionservices #fintechsolutions #smallbusinessfinance #digitaltransactions #ecommercepayments #securepayments #onlinebusiness #financialtechnology #bankingsolutions #paymentgateway #businesstransactions #pointofsale #paymentintegration #financialsecurity

Lets Talk Retention and its Five ways to keep your Credit customers and their loans. Customer loyalty is changing. It’s never been easier for people to get the best deal in the market and switch loans in seconds, so focusing on customer retention at every point of contact is very essential. Why should a loan customer choose to stay with you? where intelligent technology and open banking are changing the landscape of financial services, and risk of loosing business. But even as technology changes, people are still people, so if you make them feel valued and give them a reason to stay, many will. retention must be built into the entire service from day one. Now let see the five ways credit providers can retain loan customers: 1. Catching customers before they fall 2. Proactivity timely pay off 3. Measuring your service 4. Having the right resource 5. Stopping the switchers I will be explaining and also breaking down the 5 ways credit providers can retain loan customers. #lendingsolutions #lendingmetrics #bnpl #financialgrowth

With $32B of volume last year, consumer lending offers plenty of opportunity for banks and credit unions to work with new and existing customers, Simon Rose writes in his latest blog. Simon shares his thoughts on gaining (and retaining) market share at https://hubs.ly/Q02fTZ9c0

Having worked with our US clients over the last 4-years, SRM Europe's Simon Rose contributes his thoughts and insights on the consumer lending market in the US for our parent, SRM (Strategic Resource Management)'s blog series #thebottomline