When an API is utilized, four critical stages occur to allow the required functionality: The user initiates the “request” or retrieval of information. The information request is sent to the third-party application. The third-party application provides the desired information to the API. ...
They have completed our NBFC registration order within stipulated time period of 90 days. They provide constant guidance and support in the process. Their support in building fintech software is amazing.” Manisha Mantri “I chose Enterslice to start my new Indian adventure as entrepreneur, and ...
What is Banking? The primary purpose of banking is to facilitate the movement of money in the economy by helping people and businesses store, invest and borrow money. The industry includes financial institutions like banks, credit unions and NBFCs. ...
7. Non-Banking Financial Companies (NBFCs) NBFCs providing loans and financial services without being licensed banks are also vulnerable. Transaction monitoring helps detect suspicious loan applications or repayment patterns, such as applying for multiple loans with inconsistent documentation. 8. Gaming a...
To cancel/write a cheque, always use a black or blue pen; no other colours are accepted by banks or Non-Banking Financial Companies (NBFCs). Q: Are there any risks involved with cancelled cheques? Ans: Although a cancelled cheque is not risky, they contain information such as the account...
A personal loan is a sum of money borrowed from a bank, NBFC (Non-Banking Financial Company), or an online lender to cover expenses like vacations, weddings, home renovations, and more. Most personal loans are unsecured, meaning they don’t require collateral or security. However, due to ...
An unsecured loan, such as a personal loan or credit card, is not backed by the borrower's collateral or any of their asset for the loan. The loan...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Ou...
To calculate NPS score, whether you are using an11-point or 5-point NPS scale, all you need to do is, STEP 1: Ask your customers how likely they are to recommend your product to others. STEP 2: Then, categorize their responses into promoters (9-10), passives (7-8), and detractors...
Many NBFCs and Fintech companies in India are now offering personal loans and personal credit lines that have easy repayment options. All you need to do is, go online, upload a few income details, check if you qualify, and get approved for a credit line without any paperwork!
Looking for an innovative lending platform that simplifies the loan disbursement process for banks, NBFCs, and HFCs? Look no further than WhatsLoan. Our neo lending platform makes it easy to disburse a wide range of loans, from retail and auto loans to a