NON BANKING FINANCIAL COMPANY (NBFC) sOFTWARE
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NBFC SOFTWARE
Non-Banking Financial Company (NBFC) refers to financial organizations that do not possess a banking license but still offer a range of financial services. They engage in lending and investing operations similar to banks but are governed by separate regulatory systems.
NBFC Software refers to specialized software solutions designed to support the operations of Non-Banking Financial Companies. These systems help manage various functions within an NBFC, such as loan management, customer relationship management, data analytics, and more.
Features of NBFC
Non-Banking Financial Companies (NBFCs) have a range of key features that distinguish them from traditional banks and other financial institutions.
Loan Management
Automated Processing: Enables application, approval, payout, and repayment management across the whole loan processing lifecycle.
Personalized Loan Products: Provides a range of loan products with individualized terms and conditions, including business, personal, and asset-backed loans.
Customer Relationship Management
Customer profiles: Keeps thorough records of all customers, including credit profiles, contact details, and transaction histories.
Engagement Tools: Offers channels of contact, follow-ups, and reminders for managing customer interactions.
Compliance and Reporting
Regulatory Compliance: Makes ensuring that the documentation, auditing, and reporting standards—as well as other regulatory requirements—that are particular to NBFCs are followed
Automated Reporting: Produces financial statements, regulatory reports, and performance indicators for both internal and external stakeholders.
Risk Management
Credit Risk Assessment: Uses algorithms for risk assessment to determine a borrower's creditworthiness and control risk.
Accounting and Financial Management
Integrated Accounting: Handles all financial transactions within the software, such as loan disbursements, interest computations, and repayments.
Financial analytics: Offers resources to assist in forecasting, planning, and financial analysis in order to make strategic decisions.
User Access and Security:
Role-Based Access Control: Establishes user roles and authorization to guarantee safe access to functionalities and sensitive data.
Data security: To prevent data breaches and guarantee company continuity, encryption, backup, and recovery solutions are implemented
Advanced Features of NBFC
We tailor each software to the specific needs of our clients, including the features and modules that best suit your company's needs.
E-Mandate(Auto Debit System)
An e-mandate is a digital directive that, according to Nidhi Company software, permits recurrent transactions or payments from a bank account. It is generally used to automate payments and guarantee efficient financial operations.
Cibil (Automatic Process)
By incorporating CIBIL (Credit Information Bureau India Limited) features into Nidhi Company software, the company can improve its capacity to evaluate members' and applicants' creditworthiness, expedite loan processing, and guarantee adherence to financial regulations.
Android Mobile App
For members and administrators, integrating a mobile app with Nidhi Company software can greatly improve accessibility and convenience.
Collection App
The Nidhi Company software has a collection app that is intended to manage receivables, expedite payment collection, and improve the effectiveness of financial operations.
BBPS Facility
The National Payments Corporation of India (NPCI) created the integrated bill payment system known as BBPS (Bharat Bill Payment System). Through a single platform, it enables customers to pay a variety of expenses (such as utility bills, insurance premiums, etc.).
AEPS Facility
By connecting a user's Aadhaar number to their bank account, the AEPS (Aadhaar Enabled Payment System) enables them to conduct financial transactions. AEPS integration with Nidhi Company software helps improve member services and expedite financial processes by utilising Aadhaar for safe, effective transactions.
Some More Features Of NBFC
Aadhar Card & Pan Card Verification
Cibil Score Check & Upload
Bank Statement Analyzer
Geo Tagging
Payment Gateway & QR Code Payment
C-Kyc Upload
IVR Calling & Tracking
Mobile App
Manage All Types Of Loan
Fully Online Cloud Based Software
SMS Email & Whatsapp Integration
Auto Chat Bot with AI