Handling loans can be challenging, but loan management software makes it easier. From automating applications to tracking repayments and ensuring compliance, it simplifies every stage of the loan process.
Facilitating loan processes is vital for lenders and borrowers because it ensures faster decision-making, reduces human error, enhances customer satisfaction, and organizes workflows. This ultimately leads to improved financial outcomes and stronger relationships.
What is a Loan Management System?
A loan management system (LMS) is software that automates and manages loans from application to repayment. It facilitates servicing, payment collection, and compliance, helping lenders reduce costs, improve efficiency, and enhance the borrower experience.
Why Choose Fintech Market?
Our mission is simple: We help financial service providers save time and resources, allowing them to focus on what matters most---customers, risk management, and business growth. By leveraging our innovative solutions, you can drive efficiency, reduce costs, and achieve scalable success in the competitive financial services landscape.
Our platform allows you to configure products, flows, and integrations seamlessly, ensuring smooth payment and debt process control.
Below, we exhibit our software's key features and benefits in battling standard hurdles.
Top Bottlenecks
The biggest challenges associated with loan management systems include integrating them with existing systems and third-party tools, which can be complex and disruptive if not handled properly.
Regulatory compliance is another major challenge, as loan management systems must constantly adapt to changing laws and standards across different jurisdictions. Data security and privacy are critical concerns, requiring protection against cyber threats to safeguard sensitive borrower information.
Additionally, scalability and customization pose challenges as institutions grow or evolve, demanding systems that can adapt without compromising performance or driving up costs.
Our Solution
Fortunately, Fintech Market provides innovative tools and adaptable solutions designed to tackle these challenges head-on, ensuring integration, compliance, top-tier security, and scalability to meet the evolving needs of financial institutions.
Here's how.
Flows
Our Core Lending Management System enables fully customizable workflows to meet business needs, organizational goals, and legal requirements. Its modular, Lego-like functionality allows users to create and personalize processes, while intuitive visual flowcharts make managing and adjusting workflows effortless.
Product Configuration, Testing, Fees
This system offers a flexible configuration layer, enabling businesses to adjust products to regulatory and operational needs. Users can customize or use preset data fields, define values, formats, and defaults, and manage various financial products, including loans, revolving credits, deposits, and merchant solutions.
With extensive configuration options, such as customizable schedules and the ability to test and preview products before launch, the system ensures businesses can deliver refined and reliable financial solutions.
Payments and Debt Management
It provides comprehensive payment and debt management solutions. The system supports various payment methods, including bank transfers, direct debits, cash, and card payments, and it offers configurable options for flexible repayment allocation.
Advanced debt management tools enable effective debt collection through notifications, messaging, and workflows, along with options to sell or write off loans, adjust repayment schedules, and refinance.
Communication, Channels, PDF Converting, Tasks
Fintech Market's platform offers universal messaging functionality across multiple channels. It allows users to send messages, automate sending rules, and integrate seamlessly with communication providers. Customizable message templates with attachments and documents simplify communication while eliminating repetitive design tasks.
The system also supports efficient customer contact and task management, enabling direct engagement and optimized workflows for client servicing.
Timeline and Statistics UI
Our system offers a unified timeline and statistics interface, providing easy access to historical data and key insights without extensive data management.
Securely stored, fingerprinted actions ensure a clear change history, while visual charts deliver timelines and key statistics for quick overviews. With built-in version control, every system change requires a new version and activation, ensuring transparency and audit readiness.
Integrations
Fintech Market's system enables seamless integrations, providing businesses quick access to essential information for faster decision-making.
It offers a wide range of global integrations, including payment gateways, risk management providers, communication gateways, and authentication services, which refine operations and enhance efficiency.
Users can also easily add custom integrations to meet specific needs while the platform simplifies data consolidation and extraction from multiple providers.
Sales Portfolio
The platform offers flexible sales portfolio options. Users can sell loan accounts through an integrated provider or manually enter provider data.
The loan management system enables easy setup of sales integrations. It offers customizable loan selection criteria based on organizational needs, such as targeting overdue accounts or specific loan types. Users can manually input data or upload it via CSV files.
Card Management
Our LMS supports both virtual and physical card management. Virtual cards are digital substitutes for online payments, while physical cards facilitate transactions with integrated providers. Users can create virtual cards for customers and request physical cards through integration with card providers.
The system offers flexible card management, including settings for expiration time, authorization holds, and more. Actions like creating, activating, blocking, or closing cards can be easily performed, and labels and notes can be added.
Outgoing Requests
Fintech Market's outgoing requests feature enables web requests to external systems for data retrieval without relying on incoming requests.
The setup is straightforward, with configurable retry attempts, authentication, and result field extraction using JMESPath or JavaScript. Users can view example responses, including HTTP status and response formats, to understand data received from requests.
The system also offers testing options for previewing requests and ensures efficient integration with logs that track all requests and their results. This provides valuable insights into request history and outcomes for better analysis.
Data Contribution
The integration setup is simple and user-friendly, requiring just a few steps. Contributions can be based on customer summaries or account details, with loan account data being the primary focus.
The platform offers customizable reports with filter rules for selective customer contributions based on labels or specific fields. Reports can be easily downloaded in XML format for further analysis.
Types of Loan Management Software by FTM
We offer solutions for nine different loan types. Below, we have listed them all.
Consumer Loans
Fintech Market's Consumer Lending System enables financial institutions to offer tailored loans to underserved customers while effectively managing risk.
Customizable loan products, real-time risk monitoring, and automated repayment solutions enhance financial inclusion, optimize portfolio performance, and improve lending.
SME Lending
SME Lending System simplifies lending with customizable loans, automated credit assessments, and real-time portfolio monitoring. It enhances efficiency and risk management while streamlining the borrower experience.
It makes credit more accessible while enhancing efficiency for financial institutions and private lenders.
Our lending software enables financial institutions to automate the entire loan lifecycle, from application to repayment, reducing manual workload and operational costs.
With advanced analytics and seamless integrations, our lending software helps lenders make data-driven decisions while ensuring compliance and scalability.
Credit Line
Credit Line Software simplifies offering customizable revolving credit with flexible repayment options, automated risk assessment, and seamless payment processing.
Powered by a credit decision engine, the software enables lenders to assess borrower risk in real time and make accurate, data-driven lending decisions. By leveraging an intelligent credit decision engine, financial institutions can simplify approvals, reduce defaults, and optimize credit offerings for maximum efficiency.
The credit decisioning software also enhances underwriting accuracy by analyzing vast datasets to determine creditworthiness instantly. Automated workflows reduce manual intervention, speeding up loan approvals while maintaining compliance and risk control.
To gain more insight about risk management, take a look at Scorewise. They deliver personalized risk management and consultancy services, guaranteeing solutions align with each client's needs. Its expert team works closely with businesses to assess risks, implement mitigation strategies, and support growth and success.
Purchase Financing
Purchase Application Software enhances shopping cart financing with BNPL, installment payments, and leasing options. It offers flexible loan structures, automated credit limit management, and seamless loan and payment system integrations.
Featuring customizable branding, automated messaging, and scalable operations, it enhances user experience while ensuring secure identity verification and data synchronization.
Car Leasing
Our Car Lease Software improves leasing operations with fleet management, contract automation, risk-based offers, and compliance tools.
Customizable lease agreements and integrated KYC verification enhance car leasing companies' efficiency, security, and regulatory compliance.
To learn more about KYC and monitoring, explore Finchecker's solutions and discover how their advanced compliance technology can help your business stay secure, efficient, and fully compliant with the latest regulations.
Deposit Software
Deposit Software enables financial institutions to offer customizable deposit products, track real-time balances, and optimize account performance with automated reporting and analytics.
It supports personalized interest rates, secure digital payments, automated notifications, and third-party integrations, ensuring efficient, compliant, and customer-centric deposit management.
E-wallet Software
E-wallet Software provides financial institutions a secure, customizable, scalable payment and transaction platform for managing digital lending payments. It streamlines the digital lending process by facilitating seamless loan disbursements and repayments while ensuring compliance with regulatory requirements.
It supports multiple payment methods and currencies, ensures real-time transaction tracking, and enhances security with encryption, multi-factor authentication, and KYC integrations.
Factoring Software
FTM's Factoring Software empowers financial institutions to offer customized cash flow solutions by providing immediate liquidity through invoice factoring. With swift invoice uploads, automated document generation, and flexible fee configurations, businesses can optimize factoring processes efficiently.
Additionally, FTM offers property rent factoring solutions, enabling efficient rent financing, tenant management, and automated rent collection.
Mortgage
Mortgage Software provides financial institutions and professionals with customizable tools to offer personalized mortgage products.
The loan origination software allows for adjustable loan terms, interest rates, and personalized offers based on credit scores and risk levels. It simplifies the loan origination process with tools for credit scoring, automated underwriting, and document generation. The loan origination software also features a CRM module.
Our Partners
We collaborate with various trusted companies to offer comprehensive solutions that drive growth and success for financial institutions and businesses. Take a look at our aforementioned and other partners here.
Summary
Our LMS modernizes lending with automation, compliance management, and seamless integrations. It supports various loan types, including consumer loans, SME lending, and credit lines, while ensuring efficient risk assessment, secure payments, and real-time monitoring.
With customizable workflows, fraud prevention, and regulatory compliance tools, the platform helps financial institutions optimize operations, reduce risk, and enhance customer experience in a scalable and secure way.
About Fintech Market
FTM is a cloud-based loan management system that caters to financial institutions, helping them optimize operations across various regions globally. It includes essential features such as CRM, KYC, risk management, and debt management for loans, deposits, current accounts, and investments. With tailored solutions to optimize their operations, FTM serves neobanks, SMEs, car leasing companies, and buy-now-pay-later companies.
