In the lending industry, the playing field among NBFCs , Small Finance Banks (SFBs) , and traditional banks is more balanced than before, with all having equal access to growth opportunities via Artificial Intelligence (AI) driven lending solutions . Traditional banks have dominated the lending industry owing to their infrastructure, customer bases, and financial capital. However, AI has levelled the playing field, enabling NBFCs and SFBs to compete equally . Key Takeaways

Lending software requirements differ for Banks and NBFCs. Explore why it is so and how SimSol's 2 in 1 LOS + LMS is agile for both institutions.