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Direct Credit to Customer Bank account and other disbursal methods

A lending program should offer a clear and efficient way to disburse the loan amount to the client. Depending on the geography some people might be familiar with a certain mode of receiving money. In this post we will look at the various modes and disucss the pro and cons of each of these as well as the technology that is used to automate the process.

Disbursing money has evolved over the last two decades, the most popular modes used by financial institutions for transferring funds to the client over the years are:

07 Jun 2023
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Get rid bank reconciliation issues once and for all

As an NBFC the biggest challenge is reconciliation of the installments received every month. Many of the NBFC’s that we have consulted with or spoke to during our Fintech sessions or Discover sessions have shared that Reconciliation has been their biggest challenge. With a Loan book of reasonable size you are likely to have half a dozen people working on reconciliation of Bank statements and assigning the credits to the appropriate Loan accounts. Depending on the age of your lending portfolio the activity could involve

15 Jun 2020
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About us

SASTRA Technologies - We are a technology firm serving Banks, Financial Institutions, and new-age FinTech companies. Our focus is on building cost-effective, high-performance solutions that deliver real business value. Over the years, we have embraced Cloud Technologies and developed strong capabilities in DevOps, Performance Tuning, and Service-Oriented Architectures—enabling us to deliver a value proposition that remains unmatched in the industry.