# HES FinTech

> Stories of how HES Lending Software and most innovative fintech technologies are transforming lending business ✔ Real-world case studies ✔ HES FinTech Blog

---


## Pages

- [Green Finance Software](https://hesfintech.com/green-finance-software/): Green finance lending software for sustainable loans. Automate origination, scoring, and servicing for EVs, solar, and energy-efficient projects.
- [Credit Decisioning](https://hesfintech.com/credit-decisioning/): Speed up lending with an AI-powered credit decisioning engine that automates risk analysis, enhances accuracy, and ensures smarter, data-driven loan decisions.
- [Tavan](https://hesfintech.com/clients/tavan/): Discover how Tavan Bogd Finance revolutionized the lending landscape in Mongolia with HES LoanBox, introducing first-of-its-kind loan offerings.
- [SME Lending Software](https://hesfintech.com/sme-lending-software/): Small and medium-sized business loan software crafted to optimize workflows and drive growth | All loans types, 90 days TTM, AI-powered
- [WayFina](https://hesfintech.com/clients/wayfina/): Developing a first-of-its-kind flexible financing solution set to transform the agricultural industry in Zambia.
- [DigiBox](https://hesfintech.com/digibox/): Perfect starter kit for digital lenders. AI-powered solution that supports 30+ integrations and streamlines all workflows | By TPIsoftware and HES FinTech
- [Islamic Finance Software](https://hesfintech.com/islamic-finance-software/): Islamic finance system for alternative lenders, banks, and fintechs ✓ Cloud-based ✓ Compliant ✓ Trusted by global businesses ✓ Launch in 3 months
- [Buy Now Pay Later Software](https://hesfintech.com/buy-now-pay-later-software/): Discover the BNPL software that streamlines the entire purchase and payment process. From instant approvals to integrations, HES LoanBox offers tailored implementation within 3 months.
- [Custom Workflows](https://hesfintech.com/platform/features/custom-workflows/): Enhance your loan processing workflow with HES FinTech's custom workflows. Boost efficiency, ensure compliance, and streamline approvals tailored to your needs.
- [Configurable Loans](https://hesfintech.com/platform/features/configurable-loans/): Maximize efficiency with our loan configuration engine. Launch and tailor loan products to meet specific borrower needs and streamline your lending workflow.
- [Task Management](https://hesfintech.com/platform/features/task-management/): Learn about seamless integration, team orchestration, and flexible task assignment that empower lenders with total control over their lending tasks.
- [Features](https://hesfintech.com/platform/features/): Popular features in HES LoanBox's lending software give you complete control over the entire lending process.
- [ALM](https://hesfintech.com/clients/alm/): Learn about the transition from manual Excel data management to a customized, cloud-based system for efficient securities transaction management.
- [Australian lender](https://hesfintech.com/clients/australian-lender/): Delve into how they started with a comprehensive digital loan origination system, streamlined document workflows, and efficient loan management.
- [Trade Finance Software](https://hesfintech.com/trade-finance-software/): Get a customized trade finance system ready to go in 90 days. Automated letters of сredit, collections, and supply сhain financing. Top-notch trade finance solution for the best lending performance.
- [Wa'ed success story](https://hesfintech.com/clients/waed/): Learn how Wa'ed by Aramco successfully launched its consumer lending platform in just four months, thanks to the support and collaboration of HES FinTech.
- [Loop](https://hesfintech.com/clients/canadian-lender/): This case study highlights how AI-powered loan management system reduced operational costs, and increased loan issuance by 40%.
- [Working Capital Loan Software](https://hesfintech.com/working-capital-loan-software/): Power up the working capital lending with HES. AI credit scoring, KYB, document & task management. Get your working capital finance software ready in 3 months!
- [Student Loan Software](https://hesfintech.com/student-loan-software/): Get your education loan software ready within 3 months. Turnkey white-label solution. Automated loan origination and management. AI-fueled. Try for free now!
- [Healthcare Finance Software](https://hesfintech.com/healthcare-finance-software/): Ready-made patient finance software solution. 3 months to launch. All-round medical loan origination & management. Try healthcare finance software for free!
- [Loan Management Software](https://hesfintech.com/loan-management-software/): HES FinTech provides complete loan management software that increases efficiency and drives all-around automation for financial service companies.
- [Integrations](https://hesfintech.com/platform/integrations/): Choose API for finance software among dozens of integrations and customize HES LoanBox to fit your business needs. Ondato, Twilio, Stripe, VoPay and more.
- [Digital Onboarding](https://hesfintech.com/platform/digital-onboarding/): Digital Onboarding by HES LoanBox combines a smooth guided customer experience with high-security standards and compliance.
- [Borrower Portal](https://hesfintech.com/platform/borrower-portal/): Boost your customer experience with HES LoanBox Borrower Portal. It supports smooth interaction between a borrower and a lender.
- [Back Office](https://hesfintech.com/platform/back-office/): Improve every Back Office operation by integrating HES LoanBox into your lending process. Automate all steps of lending and boost your performance.
- [Platform](https://hesfintech.com/platform/): Automate your financial business with HES LoanBox lending platform just in 3 months ✔️ End-to-end automation ✔️ White-label loan solution. Get a free trial
- [Lending Software UAE](https://hesfintech.com/lending-software-uae/): HES FinTech helps lenders start a new line of business in the UAE ➤ Tailor-made loan management software ✔ Automatic workflows & AI scoring
- [Lending Software Bahrain](https://hesfintech.com/lending-software-bahrain/): HES FinTech helps lenders start a new line of business in Bahrain ➤ Tailor-made loan management software ✔ Automatic workflows & AI scoring
- [Lending Software Saudi Arabia](https://hesfintech.com/lending-software-saudi-arabia/): Discover the benefits of HES LoanBox: a cloud-based, AI-powered, and fully compliant loan management software in Saudi Arabia that covers every aspect of loan management.
- [Smart Finance](https://hesfintech.com/clients/smart-finance/): Check out the case study of a successful loan automation software upgrade to a comprehensive front-to-back platform for online microfinance lending
- [Digital Transformation Consulting](https://hesfintech.com/digital-transformation-consulting/): HES FinTech helps traditional lenders, banks, and credit unions to prepare for and leverage digital transformation. Learn more about digital transformation in your lending business.
- [Lending Software UK](https://hesfintech.com/lending-software-uk/): HES LoanBox is the end-to-end lending management software for alternative lenders and banks | Cloud-based | AI-powered | Tailored for the UK market | 3-month TTM
- [Lending Software Canada](https://hesfintech.com/lending-software-canada/): Maximise revenue, leverage AI, automate lending workflows, and provide exceptional borrower experience | Launch loan software in 3 months | Tailored to the Canadian market
- [Lending Software Australia](https://hesfintech.com/lending-software-australia/): Optimize your loan processes in Australia with our all-in-one lending management software. Reduce NPLs, maximize portfolio, and enhance customer satisfaction.
- [Lending Software Philippines](https://hesfintech.com/lending-software-philippines/): Transform your lending business in the Philippines with an AI-powered loan management system. HES LoanBox is a secure, fully digital, and completely automated solution.
- [Lending Software Malaysia](https://hesfintech.com/lending-software-malaysia/): HES FinTech helps lenders start a new line of business in Malaysia ➤ Tailor-made loan management software ✔ Automatic workflows & AI scoring
- [Lending Software Indonesia](https://hesfintech.com/lending-software-indonesia/): HES FinTech helps lenders start a new line of business in Indonesia ➤ Tailor-made loan management software ✔ Automatic workflows & AI scoring
- [Lending Software Vietnam](https://hesfintech.com/lending-software-vietnam/): HES FinTech helps lenders start a new line of business in Vietnam ➤ Tailor-made loan management software ✔ Automatic workflows & AI scoring
- [Factoring Software](https://hesfintech.com/factoring-software/): Invoice factoring software solution for a streamlined workflow. HES FinTech develops superior factoring software and drives clients to the market in 90 days.
- [Mortgage Loan Software](https://hesfintech.com/mortgage-loan-software/): Discover the ultimate mortgage loan origination and servicing platform designed to simplify the entire mortgage process, from application to closing. Tailored implementation within 3 months.
- [Lease Management Software](https://hesfintech.com/lease-management-software/): White-label leasing software by HES FinTech automates the entire leasing process. Develop a leasing management solution and grow your customer portfolio.
- [Debt Collection Software](https://hesfintech.com/debt-collection-software/): Debt Collection Management Software by HES FinTech ► Accelerate debt recovery and collection by up to 80% ✔ Empowered by automation and machine learning.
- [Lending Software Development](https://hesfintech.com/lending-software-development/): Full-cycle lending software development for all types of lenders ► Peer-to-peer (P2P) Lending ✔ SME ✔ Consumer ► HES FinTech
- [Partnership](https://hesfintech.com/partnership/): Join 30+ leaders in the HES FinTech partnership program. Become a consulting or fintech partner in the USA, UK, Canada, Saudi Arabia, or anywhere in the world!
- [PayDay Loan Software](https://hesfintech.com/payday-loan-software/): Discover advanced PayDay lending software that streamlines loan processing and boosts your market reach. HES FinTech proudly delivers end-to-end automated solutions for modern businesses.
- [Ta Meri Finance](https://hesfintech.com/clients/ta-meri-finance/): A brand by Ta Meri Finance, Luxury Cars Club and Financing is a premium-class car leasing platform that offers financing, insurance, and financial advisory services.
- [Auto Loan Software](https://hesfintech.com/auto-loan-software/): Our automotive lending software covers every step from loan origination to servicing. HES FinTech provides flexible solutions with automation and customization.
- [Bank Loan Software](https://hesfintech.com/bank-loan-management-software/): HES FinTech offers bank loan management software for traditional and alternative service providers. Choose among 20+ modules and create your perfect system.
- [Merchant Cash Advance Software](https://hesfintech.com/merchant-cash-advance-software/): HES delivers merchant cash advance (MCA) loan software for intelligent funding. Streamline cash lending software by booking a live product demo tour.
- [Philippines](https://hesfintech.com/clients/philippines/): A fast-growing microfinance company sets up a new business unit in the Philippines with HES Fintech
- [EuroGroshi](https://hesfintech.com/clients/eurogroshi/): HES created an automated lending system, allowing it to issue quick underwriting responses and design customized loyalty programs. ✔ Success Story - EuroGroshi
- [Canada](https://hesfintech.com/clients/canada/): Find out how a Canadian lender reduced application processing time from 24 to 4 hours using the HES lending platform.
- [Idea Bank](https://hesfintech.com/clients/ideabank/): Idea Finance needed a system that would allow for maximum lending platform automation. ✔ Case Study - Idea Bank
- [Money Man](https://hesfintech.com/clients/moneyman/): Discover the role the loan management platform developed by HES FinTech played in ID Finance's phenomenal success.
- [Fintuity](https://hesfintech.com/clients/fintuity/): Discover how a platform built on the HES lending core of with artificial intelligence helps Fintuity create investment plans
- [ATM Online](https://hesfintech.com/clients/atm-online/): HES FinTech has developed a full-cycle microfinance lending platform for a client from Vietnam - ATM Online. Learn more about the credit platform developed at HES FinTech
- [Clients](https://hesfintech.com/clients/): HES FinTech is trusted by 87 customers in 23 countries worldwide. ✔ Banking ✔ P2P ✔ SME ✔ Micro Lending Software ➤ HES FinTech
- [Contacts](https://hesfintech.com/contacts/): If you would like to learn more about HES lending software, please fill out the form, and our experts will be in touch with you shortly.
- [About HES](https://hesfintech.com/about-hes/): HES FinTech software is used by financial institutions of all sizes to create comprehensive solutions, which ensure growth in the new digital economy.
- [Blog](https://hesfintech.com/blog/): Stories of how HES Lending Software and most innovative fintech technologies are transforming lending business ✔ Real-world case studies ✔ HES FinTech Blog
- [Point-of-Sale Lending Software](https://hesfintech.com/point-of-sale-lending-software/): Point-of-sale (POS) lending software by HES FinTech helps retail customers buy now and pay later. Book a free live demo tour to drive automation.
- [Microfinance Software](https://hesfintech.com/microfinance-software/): Customizable software for microfinance management. AI-accelerated credit scoring. 3 months to launch. Cut your operational costs and biases by 88% with HES FinTech.
- [Peer-to-Peer Loan Software](https://hesfintech.com/peer-to-peer-loan-software/): Automated peer-to-peer loan software by HES connects investors and borrowers in one place. P2P online lending platform streamlines the entire loan process.
- [Commercial Lending Software](https://hesfintech.com/commercial-lending-software/): HES LoanBox: AI-powered, automated commercial loan software | Launch in 3 months | 100+ clients in 30+ countries | All-in-one platform
- [Loan Origination Software](https://hesfintech.com/loan-origination-software/): Flexible loan origination software system by HES FinTech. Complete loan origination automation, custom & SaaS loan processing solutions.
- [Consumer Lending Software](https://hesfintech.com/consumer-lending-software/): Consumer lending software by HES FinTech automates every step of consumer and installment credit servicing. Get a complete solution to outperform competitors.
- [Loan Servicing Software](https://hesfintech.com/loan-servicing-software/): HES FinTech offers automated loan servicing system for all types of lenders ✔ Fully customizable lending solution for your business ✔ Loan servicing software without limits
- [Home](https://hesfintech.com/): Approved ready-made and custom automated lending solutions for financial institutions at scale. Drive efficiency to your business with end-to-end lending software by HES FinTech!
- [Privacy Policy](https://hesfintech.com/privacy-policy/): This page contains the Privacy Policy of HES FinTech (Lending Software for Banks and Fintechs)

---


## Posts

- [HES FinTech at London Tech Week 2025](https://hesfintech.com/blog/hes-fintech-at-london-tech-week/): Join HES FinTech CEO Ivan Kovalenko at London Tech Week 2025 (9–13 June) to explore AI-powered lending, inclusive finance, and compliant digital transformation—contact us to book a meeting at the event.
- [HES FinTech and ThitsaWorks Partner to Drive Financial Inclusion in Southeast Asia](https://hesfintech.com/blog/hes-fintech-partnership-with-thitsaworks/): HES FinTech and ThitsaWorks collaborate to enhance financial inclusion across Southeast Asia through AI-driven credit solutions for underserved communities.
- [HES FinTech at Baltic Fintech Days](https://hesfintech.com/blog/hes-fintech-at-baltic-fintech-days/): HES FinTech Co-Founder and CEO Ivan Kovalenko shared insights at Baltic Fintech Days on embedded finance, AI risk management, and lending innovation in today's competitive market.
- [2025 Alternative Credit Scoring Landscape](https://hesfintech.com/blog/2025-alternative-credit-scoring-landscape/): Explore the future of alternative credit scoring in 2025—key data sources and technologies reshaping credit risk assessment for lenders and fintechs.
- [HES FinTech Returns Inspired from LEAP 2025](https://hesfintech.com/blog/hes-fintech-at-leap-2025/): HES FinTech visited LEAP 2025 in Saudi Arabia and is ready to share its impressions.
- [HES FinTech and Scoreplex Sign MoU to Foster Inclusive Finance through Alternative Data](https://hesfintech.com/blog/hes-fintech-partnership-with-scoreplex/): HES FinTech has signed a Memorandum of Understanding (MoU) with Scoreplex, a platform providing alternative data for credit scoring and fraud prevention.
- [How to Start a Car Finance Company](https://hesfintech.com/blog/how-to-start-a-car-finance-company/): Considering upgrading your business offerings or wondering how to start an auto finance company? Let’s dive right in and find out why this market is prime for fintech innovators.
- [A Q&A with HES FinTech and Ondato on AI, AML, and Inclusive Finance](https://hesfintech.com/blog/qa-hes-fintech-ondato/): Learn how HES FinTech and Ondato transform lending with robust KYC, AML compliance, and automation for secure and scalable growth.
- [Top 5 Lending Trends for 2025](https://hesfintech.com/blog/lending-trends-2025/): Top 5 lending trends: AI, open APIs, green finance, personalization, and embedded solutions. Discover what they mean for 2025 and beyond!
- [HES FinTech Announces Strategic Partnership with Credolab, a Pioneer in Behavioral Analytics based on Mobile and Web Metadata](https://hesfintech.com/blog/hes-fintech-partnership-with-credolab/):   Discover how the partnership between HES FinTech and Credolab empowers lenders around the globe to make smarter, data-driven decisions.
- [HES FinTech x TPIsoftware: Bangkok Business Trip Recap](https://hesfintech.com/blog/bangkok-business-trip/): Read more about the transformative three-week collaboration in Bangkok that HES FinTech undertook with TPIsoftware, working on a project for one of the leading companies in Southeast Asia.
- [Leadership Bookshelf: Must-Reads for Insight, Inspiration, and Growth](https://hesfintech.com/blog/leadership-bookshelf-must-reads-for-insight-inspiration-and-growth/): Dive into the favorite reads of HES FinTech leaders and discover the books that have shaped their thinking and journeys, both professional and personal.
- [HES Fintech and APLYiD Join Forces to Streamline Customer Onboarding](https://hesfintech.com/blog/hes-fintech-and-aplyid-join-forces-to-streamline-customer-onboarding/): HES Fintech partners with APLYiD to enhance onboarding for Australian and ANZ clients, integrating advanced biometric ID technology for faster, secure customer verification.
- [Andre Kravchenko and Andrew Clouston Explore Lending Trends and Challenges in Australia and New Zealand](https://hesfintech.com/blog/lending-trends-in-australia-and-new-zealand/): Join Andrew Clouston and Andre Kravchenko as they discuss the future of lending in Australia and New Zealand in their latest interview.
- [Discover HES LoanBox at Seamless 2024 in Dubai!](https://hesfintech.com/blog/hes-loanbox-at-seamless-2024/): Join HES FinTech at Seamless Middle East & Saudi Arabia 2024, May 14-16 in Dubai, where expert Tanya Hancharuk will showcase HES LoanBox.
- [Andre Kravchenko to Speak at 2024 MFC Conference Insight Hour: Harnessing Artificial Intelligence for Diverse and Inclusive Microfinance](https://hesfintech.com/blog/andre-kravchenko-at-2024-mfc-conference/): Don't miss Andre Kravchenko, Senior VP at HES FinTech, as he speaks at the 2024 MFC Conference in Krakow, Poland, on May 15. Focusing on the role of AI in microfinance, Andre will share insights during the Insight Hour.
- [Andrew Clouston Joins HES Fintech as New Market Advisor/Partner for the ANZ Region](https://hesfintech.com/blog/andrew-clouston-joins-hes-fintech/): Meet Andrew Clouston, the new Market Advisor/Partner for HES Fintech in the ANZ region. Discover how his expertise will transform fintech solutions in Australia and New Zealand with AI-driven technology for loan management.
- [Banking-as-a-Service Explained: BaaS Model Examples](https://hesfintech.com/blog/banking-as-a-service-explained/): Discover how BaaS model offers a gateway for fintech businesses to disrupt traditional banking without the usual regulatory and infrastructural challenges.
- [HES FinTech Partners with EDGE to Elevate Lending Solutions with Advanced Open Banking Analytics](https://hesfintech.com/blog/hes-fintech-partners-with-edge/): Discover how HES FinTech partners with EDGE to transform lending solutions through advanced open banking analytics.
- [HES FinTech and Alraedah Finance: Pioneering Financial Innovation Through Strategic Partnership](https://hesfintech.com/blog/hes-fintech-and-alraedah-finance/): Explore the groundbreaking collaboration between HES FinTech and Alraedah Finance, which brings together advanced technology and Islamic finance to revolutionize funding for SMEs in Saudi Arabia.
- [LEAPing Forward: Meet HES FinTech in Riyadh](https://hesfintech.com/blog/leaping-forward/): Join HES FinTech at the LEAP conference in Riyadh, March 2024, for a deep dive into fintech innovation.
- [HES FinTech's Expansion into the Middle East's Digital Lending Landscape](https://hesfintech.com/blog/hes-fintechs-expansion/): Explore HES FinTech's journey into the Middle East's digital lending market, highlighting the strategic expansion into Saudi Arabia and the UAE amidst a financial sector boom.
- [API Management in Finance: A Comprehensive Guide](https://hesfintech.com/blog/api-management-in-finance/): Learn how to enhance digital transformation in banking and lending through effective API lifecycle management for improved performance, security, and innovation.
- [10 Questions to Ask Before Choosing a Loan Management System](https://hesfintech.com/blog/10-questions-to-ask-before-choose-a-lms/): Discover the key considerations for selecting the perfect Loan Management System (LMS) to enhance your financial institution's operations.
- [Mastering KYC in Digital Lending](https://hesfintech.com/blog/mastering-kyc-in-digital-lending/): Delve into the challenges and solutions of integrating KYC processes for enhanced security, compliance, and customer experience in the lending industry.
- [HES FinTech's Landmark Bangkok Trip Fosters Groundbreaking Collaboration with Srisawad and TPIsoftware](https://hesfintech.com/blog/business-trip-in-thailand/): Get insights into the trip's objectives, including project enhancement, strategic planning, and user-centric software development, all aimed at advancing the FinTech sector.
- [Trends and Strategies in Risk Management For Digital Lending in 2024](https://hesfintech.com/blog/trends-in-risk-management-for-digital-lending/): Learn how AI, ml, and blockchain are reshaping the industry, ensuring transparency, and streamlining credit risk assessment.
- [5 Ways HES FinTech Helps You Save Operational Costs and Time](https://hesfintech.com/blog/5-ways-hes-fintech-helps-you-save-operational-costs-and-time/): Explore how HES LoanBox transforms banking and alternative lending with five innovative strategies. Learn about the power of automation, risk management, user-friendly interfaces, and top-tier security.
- [Key Trends in Commercial Lending: What to Expect in 2024](https://hesfintech.com/blog/commercial-lending-trends-2024/): Learn how financial providers can stay ahead by adapting to these trends, ensuring client-first services and long-term success.
- [Taiwan Through the Lens of HES FinTech](https://hesfintech.com/blog/taiwan-through-the-lens-of-hes-fintech/): Discover insights into the expanding partnership with TPIsoftware Corporation and the potential growth in the fintech sector.
- [5 Small Business Lending Mistakes and How to Fix Them](https://hesfintech.com/blog/5-small-business-lending-mistakes-and-how-to-fix-them/): Learn about common pitfalls in loan applications, risk assessments, and explore effective strategies for improving your lending practices with insights on AI-powered solutions and data-driven decision making.
- [Automated Lending Software or Traditional CRM for Lending: What to Choose?](https://hesfintech.com/blog/automated-lending-software-or-traditional-crm-for-lending-what-to-choose/): The article discusses the evolution of lending software, from manual processes to the introduction of CRM systems, and ultimately to the current state of automated lending software.
- [HES FinTech and Wadiaa Join Forces to Disrupt Crowdfunding in the GCC](https://hesfintech.com/blog/hes-fintech-and-wadiaa-join-forces-to-disrupt-crowdfunding-in-the-gcc/): HES FinTech partners to transform the GCC's crowdfunding landscape, aligning with Oman's Vision 2040 to boost SME growth.
- [14 Tools Alternative Lenders Should Know About](https://hesfintech.com/blog/14-tools-alternative-lenders-should-know-about/): From FICO's standard in credit scoring to Experian's comprehensive credit reports, this article covers the key resources alternative lenders need for effective credit assessment and customer communication.
- [The Integration of digiRunner in Digital Lending](https://hesfintech.com/blog/the-integration-of-digirunner-in-digital-lending/): The digital lending landscape is undergoing a transformation, driven by innovation and the integration of advanced technologies. A pivotal development in
- [Exploring AI in Debt Collection in the Philippines](https://hesfintech.com/blog/exploring-ai-in-debt-collection-in-the-philippines/): GiniMachine is excited to announce its upcoming podcast: "Enhancing Debt Collection Strategies with AI," specifically focusing on the Philippines'
- [Meet GiniMachine at Social Finance Vibe 2023](https://hesfintech.com/blog/meet-ginimachine-at-social-finance-vibe-2023/): “Social Finance Vibe: Empowering the Future” is a prestigious virtual conference organized by our partner Microfinance Centre and co-financed by the
- [Ivan Kovalenko of HES FinTech: Alternative Lending, AI for Finance and Fintech Trends](https://hesfintech.com/blog/ivan-kovalenko-of-hes-fintech-alternative-lending-ai-for-finance-and-fintech-trends/): The alternative financing landscape is undeniably in flux. As digital advancements continue to reshape our world, they are also redefining the boundaries
- [Financial Regulations in Thailand, Canada, Australia, and Saudi Arabia](https://hesfintech.com/blog/financial-regulations-in-thailand-canada-australia-saudi-arabia/): In this article, we will journey through four countries - Thailand, Canada, Australia, and Saudi Arabia - exploring their unique lending software compliance landscapes.
- [How Fintech is Transforming the Lending Industry: 5 Ways Technology is Making Loans More Accessible and Affordable](https://hesfintech.com/blog/5-ways-technology-is-making-loans-more-accessible-and-affordable/): In recent years, financial technology, or fintech, has been reshaping the lending industry in ways that benefit both borrowers and lenders. This digital
- [Discover the Future of Alternative Lending in Saudi Arabia: A Webinar Overview](https://hesfintech.com/blog/discover-the-future-of-alternative-lending-in-ksa/): Watch the webinar recording to learn about the titanic shift in the lending industry in Saudi Arabia and the benefits it offers to entrepreneurs.
- [Special Offers from HES FinTech for 2023: Transform Your Credit Business](https://hesfintech.com/blog/special-offers-for-hes-loanbox-2023/): From a complimentary, high-conversion landing page for your credit products to a risk-free trial of our transformative LoanBox software, we're dedicated to boosting your business's efficiency and appeal.
- [HES FinTech Announces Strategic Partnership with TPIsoftware, Taiwan's Leading Digital Transformation Software Company](https://hesfintech.com/blog/partnership-with-tpisoftware-taiwans-leading-digital-transformation/): HES FinTech is thrilled to announce a groundbreaking partnership with TPIsoftware, a pioneer in digital transformation and enterprise B2B software
- [Meet HES LoanBox's Enhanced Loan Calculator](https://hesfintech.com/blog/hes-loanbox-enhanced-loan-calculator/): User-friendly, swift, and secure, our newest update revolutionizes the Loan Calculator, making the loan application process more transparent and flexible.
- [7 Lending KPIs to Measure the Success of Your Finance Business](https://hesfintech.com/blog/7-lending-kpis-to-measure-lending-business-performance/): Financial KPIs are the important metrics that help the managers of the financial institution to analyze the growth of the business toward its end goals.
- [Introducing the New Agent Portal for HES LoanBox](https://hesfintech.com/blog/introducing-the-new-agent-portal-for-hes-loanbox/): Key features include user invitations, bank detail entry, agent dashboard access, lead management, and simplified offer dispatch to leads.
- [Lending-as-a-Service Platforms Overview: How it Works, Benefits, Examples](https://hesfintech.com/blog/embedded-finance-lending-as-a-service-platforms-benefits/): Consumers have to spend a lot of time completing the process of loan approval through traditional channels like financial providers and banks. Moreover,
- [HES LoanBox Grand Update: Even More Powerful Features](https://hesfintech.com/blog/hes-loanbox-august-2023-update/): HES LoanBox is back with a bang, bringing a fresh set of enhancements to supercharge your lending experience.  Our latest goals achieved Expanded
- [Loan Management Software Price: The Cost of Custom Development vs. Ready-Made Lending Systems](https://hesfintech.com/blog/custom-development-vs-turnkey-loan-management-system-pricing-costs/): Explore the costs, benefits, and considerations of custom vs ready-made lending solutions for your business. Learn how HES LoanBox can deliver the best of both worlds - tailored efficiency and startup speed with full compliance.
- [Digital Transformation Roadmap for Finance and Lending: Step-by-Step Guide](https://hesfintech.com/blog/digital-transformation-strategy-finance-lending/): Take a 5-minute quiz to get a FREE personalized digital transformation roadmap for Finance Services and Lending Business. No email is required.
- [Automated Loan Underwriting System: Features & Requirements](https://hesfintech.com/blog/automated-loan-underwriting-system-features-requirements/): As automated loan underwriting adoption accelerates, many are considering the features they need to be successful without breaking the bank. Find out all you need to know here.
- [Digital Payments Trends to Watch Out For in 2023 and Beyond](https://hesfintech.com/blog/digital-payments-trends/): What is the future of digital payments trends in 2023 and beyond? Discover this and more in our article. Biometric solutions, changing regulatory landscape, and more
- [Top 5 Must-Have Features for Student Loan Origination Software](https://hesfintech.com/blog/features-of-student-loan-origination-software/): With student debt (federal and private) hitting a total of $1.75 trillion this year, or approximately $28,980 per borrower, the student loan industry is
- [HES FinTech Wraps Up Successful Participation in Money 20/20 Amsterdam](https://hesfintech.com/blog/hes-wraps-up-participation-in-money-20-20/): Amsterdam, Netherlands - June 8, 2023 - HES FinTech, a leading provider of innovative financial technology solutions, is pleased to announce the
- [Collateral Management Automation in Lending: Best Practices](https://hesfintech.com/blog/collateral-management-automation-in-lending/): Grand View Research suggests collateral management market could be worth billions by 2030. By automating collateral, lenders can efficiently manage documents and better assist clients throughout the lending process.
- [Consumer Lending 101: Best Practices](https://hesfintech.com/blog/consumer-lending-best-practices/): Cautious lending is back on the table for organizations worldwide as inflation remains higher than usual. As a result, interest rates on loans have
- [HES FinTech Announces a New Technology Partnership with Jumio](https://hesfintech.com/blog/hes-fintech-announces-partnership-with-jumio/): HES FinTech is excited to announce the latest partnership with Jumio, an award-winning identity verification provider. This collaboration marks a
- [HES FinTech Partners with MFC and NayaOne](https://hesfintech.com/blog/hes-fintech-partners-with-mfc-and-nayaone/): Partnering with the Microfinance Centre (MFC): Advancing Sustainable Social Finance HES FinTech is proud to announce its membership in the Microfinance
- [Meet HES FinTech at Money20/20 in Amsterdam](https://hesfintech.com/blog/hes-fintech-at-money-20-20-amsterdam/): We are thrilled to share some exciting news! Our visionary CEO, Ivan Kovalenko, and Chief Revenue Officer (CRO), Dmitry Dolgorukov, will be attending the
- [9 Must-Have Features for Loan Portfolio Management System](https://hesfintech.com/blog/must-have-features-for-loan-portfolio-management-system/): When choosing a loan portfolio management software, it can be difficult to select tailored tools to meet your needs. Don't miss out on must-haves to choose the right solution.
- [Automation for Loan Officers: How to Get Your Team Onboard](https://hesfintech.com/blog/automation-improves-collaboration-among-loan-officers/): Software for loan officers’ collaboration can drive productivity increases of up to 10%, with Forrester estimating this could save organizations ~$250K / year.
- [Choosing Between Perpetual vs Subscription Licensing for Lending Software](https://hesfintech.com/blog/perpetual-vs-subscription-licensing-for-lending-software/): Perpetual vs. subscription? At first glance, the one-time payment perpetual model may seem the most efficient, cost-effective way to go. However,
- [Why AI Data Quality Matters for Credit Scoring](https://hesfintech.com/blog/why-ai-data-quality-matters-for-credit-scoring/): Why does the data quality of AI matter? How to avoid AI scoring pitfalls? Check out the strategy to improve your data quality in AI and ML for credit scoring and lending.
- [What is Big Data and How to Leverage It for the Lending Industry?](https://hesfintech.com/blog/what-is-big-data-and-how-to-leverage-it-for-the-lending-industry/): Alongside technologies such as AI, Big Data is a possible solution to the current challenges of the finance industry. Discover the industry pain points Big Data solves.
- [How AI is Used in Fintech in 2023: Top 8 Use Cases](https://hesfintech.com/blog/how-ai-is-used-in-fintech-in-2023-top-8-use-cases/): The AI fintech market was forecast to reach $26.67B by 2027. Discover what kinds of AI software are used in fintech, and how they can help your business.
- [Emerging Consumer Lending Trends of 2023](https://hesfintech.com/blog/emerging-consumer-lending-trends-of-2023/): Silicon Valley Bank's collapse has rattled bankers and SME bosses, but the IMF foresees a market rebound by 2024. Check these consumer lending trends to guide your business toward a brighter future.
- [10 Mistakes That Kill Financial Business & How to Avoid Them](https://hesfintech.com/blog/10-mistakes-that-kill-financial-business/): Mistakes as opportunities to learn and grow for a financial company is an essential rules to live by. Discover the top 10 common finance business mistakes and how to avoid them.
- [ChatGPT for Finance Business: How to Benefit From OpenAI Assistant](https://hesfintech.com/blog/how-to-use-chatgpt-for-finance-business/): Use the power of OpenAI Assistant to enhance lending business. Here’s how to get ChatGPT on your side and boost results for your finance business.
- [HES FinTech Shines at Leap 2023 Conference in Riyadh](https://hesfintech.com/blog/hes-fintech-at-leap-2023-conference/): HES Fintech participated in the Leap 2023 global technology conference in Riyadh, SA. Dmitry Dolgorukov, CRO, shared his insights and impressions from the event.
- [Loan Management System Trends: AI, Security & Compliance in 2023](https://hesfintech.com/blog/loan-management-system-trends-2023/): Financial institutions worldwide continue to shift towards digital transformation aiming to reduce costs and ensure a smooth and efficient decision-making
- [Custom vs. Out-of-the-box Finance Software: Things to Consider](https://hesfintech.com/blog/custom-vs-out-of-the-box-finance-software-things-to-consider/): Dmitry Dolgorukov, the CRO of HES FinTech, dives deep into the pros and cons of Custom vs. Out-of-the-box Finance Software, exploring the factors that favor each.
- [HES Fintech to Attend LEAP Technology Conference in Riyadh](https://hesfintech.com/blog/hes-fintech-to-attend-leap-technology-conference/): HES Fintech will attend the LEAP conference in Riyadh on February 6-9. We're looking forward to finding new partners and sharing our expertise. Join HES on the journey through the future of technology!
- [Loan Management System Overview: Features & Requirements](https://hesfintech.com/blog/loan-management-system-overview-features-modules-requirements/): Learn about the loan management system's top features, modules & requirements essential for the successful implementation of lending software.
- [HES FinTech selects Acquired.com as a strategic partner](https://hesfintech.com/blog/hes-fintech-selects-acquired-as-a-strategic-partner/): HES Fintech selects Acquired.com as their strategic payments and banking partner while expanding their presence in the UK.
- [9 Must-Have Features for Auto Loan Origination Software](https://hesfintech.com/blog/must-have-features-for-auto-loan-origination-software/): With digital transformation advancing at a rapid pace, upgrading your auto loan origination software should be top of your list this year. Here’s what you need to know.
- [Must-have features for merchant cash advance software](https://hesfintech.com/blog/must-have-features-for-cash-advance-software/): Building a merchant cash advance platform? Get started on the right foot with our short guide to the software and what you need to include.
- [Auto Dealership Financing Software: Guide For Smooth Digital Transformation](https://hesfintech.com/blog/auto-dealership-software-guide/): A one-stop-shop for buying a car—from choosing a model to financing to driving away is a customers dream. Here’s how to make it a reality.
- [How to Choose Affordable SME Lending Software](https://hesfintech.com/blog/how-to-choose-affordable-sme-lending-software/): Developing new loan software for small businesses can be an economic drain. Here’s how to turn the tables and make SME lending software profitable.
- [Meet HES LoanBox Business Solution for Commercial Lending](https://hesfintech.com/blog/hes-loanbox-business-for-commercial-lending/): We are here with a new major update for HES LoanBox - a ready-made digital platform for lenders. The team is ready to demonstrate out-of-the-box
- [Types of Data Breaches & How This Can Affect Your Finance Business](https://hesfintech.com/blog/how-data-breaches-can-affect-finance-business/): Cybercrime could cost the world over $10 trillion by 2025, so getting ahead of the criminals now is the only solution—learn from these financial data breaches.
- [What Is Crypto Lending & How Does It Work?](https://hesfintech.com/blog/what-is-crypto-lending/): How does crypto lending work? Can I make money lending crypto? If so, how. Find out all this and more right here.
- [HES FinTech at Web Summit 2022: where NFT, Web3, and blockchain unite with solar energy, Metaverse, and TikTok](https://hesfintech.com/blog/hes-fintech-at-web-summit-2022/): Web Summit 2022 was one of the most anticipated events. Attendees from all around the globe were searching for the answer: what’s next in the big tech? Read on
- [HES LoanBox: October Updates 2022](https://hesfintech.com/blog/hes-loanbox-october-updates-2022/): New month, a new update for HES LoanBox! In October, we focused our efforts on developing features for debt collection. Let’s see new features
- [Why Web 3.0 And the Metaverse Are the Future of Finance](https://hesfintech.com/blog/web-3-and-the-metaverse-are-the-future-of-finance/): How is Web 3.0 presenting business opportunities for companies and what is the future of finance in the coming years? Read on to learn the answer
- [Financial Institutions Marketing Strategies That Actually Work](https://hesfintech.com/blog/financial-institutions-marketing-strategies/): To succeed in today’s competitive market, brands need to combine the 7 Ps of financial institutions marketing strategies seamlessly and creatively to truly connect.
- [Financial Data Security in Online Loans: How to Increase Trust](https://hesfintech.com/blog/financial-data-security-in-online-loans/): 8 out of 10 US adults fear businesses can’t secure their personal financial information. This fact may decrease conversions of financial institutions. Learn how to prove to clients your company is trustworthy
- [HES LoanBox: September Updates 2022](https://hesfintech.com/blog/loanbox-updates-september-2022/): Meet a new series of blog posts with the most recent updates of HES LoanBox. In this article, we’ll make an overview of 7 new features released in September
- [Common Banking Problems & Solutions That Really Work](https://hesfintech.com/blog/common-banking-problems/): Both traditional providers and fintech are onboarding commercial loan servicing software to keep ahead of the competition. Here’s the how and why.
- [Top 10 Tips on How to Design a Landing Page for Lending Business](https://hesfintech.com/blog/how-to-design-a-landing-page-for-lending-business/): Great UX can increase your conversions up to 400%. So here are 10 tips from HES designers on how to build an onboarding page. Read on
- [Can Social Media Play a Role in Credit Scoring?](https://hesfintech.com/blog/role-of-social-media-in-credit-scoring/): Social credit scoring is a potential new tool many lenders are considering adding to their stack. The only question is — is it worth it?
- [HES LoanBox: What’s new?](https://hesfintech.com/blog/hes-loanbox-updates/): Recently we presented to you our new product - HES LoanBox. But we never stopped improving it. So today, we want to share with you the top 8 new features. Read on
- [How to Start a Lending Business, according to Boris Batine](https://hesfintech.com/blog/how-to-start-a-lending-business/): How to start a lending business from scratch? Boris Batine, Co-founder and CEO of MoneyMan, shares his experience of starting a loan company.
- [How to Choose the Top Loan Origination System for Your Business](https://hesfintech.com/blog/how-to-choose-loan-origination-system/): Finding a new LOS system is a challenge. Here’s how to look for the best loan origination system vendors and get the technology you need.
- [HES FinTech and Nordigen Partnership:  Lending Solutions for Open Banking](https://hesfintech.com/blog/hes-and-nordigen-partnership/): We are excited to announce our partnership with Nordigen - a freemium open banking platform. Learn how our collaboration will help simplify open banking adoption in Europe and deliver end-to-end digital lending solutions
- [Robotic Process Automation Vs. Workflow Automation: Which One Is Best?](https://hesfintech.com/blog/robotic-process-automation-vs-workflow-automation-in-lending/): When it comes to Robotic Process Automation Vs. Workflow Automation, it’s hard to know which is best. Let us help. Read on to discover more about RPA vs BPM
- ["I Quit My CMO Job to Launch HES" - an Open Talk with HES Co-Founder and CRO](https://hesfintech.com/blog/dmitry-dolgorukov-interview-with-tubetorial/): Tubetorial had an open talk with HES FinTech’s Co-Founder about launching a business and behind-the-scenes business stories. Read on the highlights
- [Why Do Lenders Prefer Software to Excel Loans Spreadsheets?](https://hesfintech.com/blog/excel-loans-spreadsheets-vs-lending-software/): Tried and tested Excel loan spreadsheets might seem like a safe bet but is it a smart one. Let’s take a look at Excel loans and alternative solutions.
- [What is CECL and What Does it Mean for Your Business?](https://hesfintech.com/blog/what-is-cecl/): CECL stands for current expected credit losses. With CECL implementation impending you may wonder what is CECL and what does it mean for your business?
- [Emerging Trends in Healthcare Financing: What Providers Need to Know](https://hesfintech.com/blog/healthcare-financing-trends/): Which industry trends will impact healthcare financing and vice versa in the near future? Let’s find out how HES LoanBox can assist with that.
- [Mortgage POS Software: Why It’s the Next Step for Your Business](https://hesfintech.com/blog/mortgage-pos-software/): Mortgage POS solutions deliver an essential bridge between a potential lending client and the provider. Here’s the essentials you need to know.
- [Money 20/20 Conference in Amsterdam: Key Event Notes with HES](https://hesfintech.com/blog/money-20-20-conference-with-hes/): The Money 20/20 event is a great opportunity to meet fintech industry leaders. If you missed it, here's a sneak-peek into the event with HES.
- [KYC and AML Processes or How Automation Improves Compliance in Lending](https://hesfintech.com/blog/how-automation-improves-compliance-in-lending/): How can automation fix the problem of a long verification process? Here are all fintech ideas to accelerate KYC underwriting and AML lending.
- [Saudi Aramco and Customers from Africa - the Footprint of HES is in 30+ Countries Now](https://hesfintech.com/blog/the-footprint-of-hes-is-in-30-countries-now/): Read a great interview by the Baltic Times with Ivan Kovalenko, HES FinTech Co-Founder and CEO. They talked about HES, company's growth, and the team.
- [Why Embedded Payments in Lending Are a Gamechanger](https://hesfintech.com/blog/embedded-payments-in-lending/): Why embedded payment are revolutionizing lending? Here are the four ways payment integrations are changing the industry today.
- [Digital Signature in Banking: Points for Financial Organizations to Consider](https://hesfintech.com/blog/digital-signature-in-banking/): Discover the facts about digital signature in banking and how you can implement e-signatures successfully in your fintech
- [How to Start In House Financing & 5 Businesses to Benefit from It](https://hesfintech.com/blog/in-house-finance-for-business/): Offering in house financing gives businesses an edge over their competitors. Here’s how in house customer financing services work.
- [Loan Syndication Software and Processes: What to Automate and How?](https://hesfintech.com/blog/loan-syndication-software/): earn more about loan syndications and how modern loan syndication software can be automated to get the results you need for your business.
- [Fintech Application Development: Your Step-by-Step Guide](https://hesfintech.com/blog/fintech-application-development/): Starting your fintech application development journey can be a challenge. Let’s make it simple with our how to create a fintech app guide.
- [HES FinTech and VoPay Partnership: Lending Powered with Leading-Edge Payment Processing](https://hesfintech.com/blog/hes-fintech-and-vopay-partnership/): HES is happy to annouce a new partnership with VoPay. It strengthens HES FinTech’s position in the Canadian market of lending solutions. Here's more.
- [Top 9 B2B Financing Types and How They Can Be Automated](https://hesfintech.com/blog/b2b-customer-financing-software/): How to automate lending with B2B financing software? HES has a vast experience in lending software developent and here're our top tips to note.
- [Upgrading Bank or Credit Union Software? Here’s How to Partner with a LendTech](https://hesfintech.com/blog/lendtech-and-credit-union-software-update/): Upgrading your bank or credit union software can be a challenge. But partnering with a LendTech provider could smooth the process. Here’s how.
- [Best Mortgage CRM for Lenders: Top 5 & How to Choose](https://hesfintech.com/blog/best-mortgage-crm-for-lenders/): What is the best mortgage CRM for lending? Here's the top 5 platforms and their features to consider for your loan management software.
- [Tips for Calculating Your Estimated Return on Investment for Loan Software (ROI)](https://hesfintech.com/blog/how-to-calculate-estimated-return-on-investment-for-loan-software/): Follow our tips to unlock the secrets to getting your estimated return on investment for loan software right the first time around.
- [Financial Services Marketing Trends To Build Your Strategy](https://hesfintech.com/blog/financial-services-marketing-trends/): Don’t fall behind your competitors. Stay in front with our top tips and trends for Financial Industry Marketing in 2022 and beyond.
- [Meet HES LoanBox: Ready-to-Use Lending Platform](https://hesfintech.com/blog/hes-loanbox-lending-platform/): Meet HES LoanBox - our new platform for lending process automation. Enter the market within 2-4 weeks with a ready-to-use lending software.
- [Bank-Fintech Partnerships: Models, Details, and Success Factors](https://hesfintech.com/blog/bank-fintech-partnership/): Will Bank-Fintech Partnerships thrive? Here's more details on the future of bank-fintech collaborations and possible options for both.
- [Key Learnings for Financial Brands to Use in 2022](https://hesfintech.com/blog/key-learnings-for-financial-brands/): The previous decade provided the fintech industry with a number of lessons. Here're the top key learnings that financial brands can use in 2022.
- [How SME Lenders Can Tackle ‘Invisible Borrowers’ with Alternative Data](https://hesfintech.com/blog/alternative-data-in-sme-lending/): Tackling the issue of invisible borrowers is key to building a more inclusive financial future. Here’s what you can do about it without risks.
- [Financial Super-Apps: Do You Need to Build Your Own?](https://hesfintech.com/blog/financial-super-apps/): Financial super-apps: what is it and how to build your own application for business. Here's a guide by HES FinTech on creating a super app.
- [Upgrading Consumer Collection Management System to Reduce Income Loss](https://hesfintech.com/blog/collection-management-system/): Unpaid invoices and defaulted debt cost the economy big time. Here’s how consumer collection management software can help.
- [Future of Finance: What Fintech Evolvers Can Teach Us](https://hesfintech.com/blog/future-of-finance/): What's the future of finance? Dmitry Dolgorukov thinks about simplicity, smart data analytics, personalized services, and automation. Here's more.
- [Digital Lending in Banks 2.0: Unobvious Opportunities and Stumbling Blocks](https://hesfintech.com/blog/digital-lending-in-banks/): As fintechs continue to advance, will traditional providers be able to keep up. If so, how? Let’s take a look at some of the challenges and solutions.
- [Lending Platforms in Automobile Finance Industry: Auto Lending Trends 2022](https://hesfintech.com/blog/autofinance/): Learn more about the development of lending platforms in the automotive industry. Here're auto finance industry trends 2022.
- [Pros and Cons of Embedded Lending](https://hesfintech.com/blog/pros-and-cons-of-embedded-lending/): Join us as we dive into the ins and outs of embedded lending for businesses and discover what you need to know. Here's more.
- [Open Banking Can Change Lending Forever: Here’s How](https://hesfintech.com/blog/open-banking-and-lending/): Open Banking helps securely provide financial data to third parties via API. Here's how HES FinTech can embrace this technology in full.
- [Future of Lending in 2022: Trends & Predictions](https://hesfintech.com/blog/future-of-lending/): Lending is changing worldwide. Let’s take a look at some of the trends set to influence the sphere and what this could mean for you in 2022.
- [Alternative Finance vs Banking: Industries Non-Traditional Lenders Turn Mainstream In](https://hesfintech.com/blog/mainstream-lending/): Alternative lending is a rapidly growing industry that autperforms traditional financial institutions. Here's the list of mainstream spheres for lenders.
- [The 2021 Year In Review](https://hesfintech.com/blog/hes-2021-year-in-review/): We’d like to share key events, milestones, and insights that marked this year for HES FinTech
- [How AI And ML Are Changing Finance In 2022](https://hesfintech.com/blog/how-ai-and-ml-are-changing-finance-in-2022/): The following four transformations are likely to happen in the financial industry in 2022 due to AI and ML: 1) data analytics becomes more than statistics.
- [The Empowered Borrower — Good for Business?](https://hesfintech.com/blog/empowered-borrowers-in-lending-business/): The lending market is changing. Here’s how the newly empowered borrower is behaving and why this is GOOD for your lending business.
- [How AI Supports Inclusive Lending on the Way to Fairer Credits](https://hesfintech.com/blog/how-ai-supports-inclusive-lending/): The way we process lending applications is changing. Discover how the lending process can be made fairer using the latest in AI technology.
- [Digital Loan Origination Process: Integrity and Automation](https://hesfintech.com/blog/digital-loan-origination/): Learn more about the loan origination process and explore how automation helps make work more efficient. Here's more about automated loan origination process.
- [Loan Management Software Features to Invest in at the MVP Stage](https://hesfintech.com/blog/mvp-software-for-lending/): How to develop an MVP for lending and what functionality to start from? Here're our thoughts about features to invest in at the MVP stage.
- [Mortgage Lending Trends 2022: Rates, Technologies & Forecasts](https://hesfintech.com/blog/mortgage-lending-trends/): What mortgage lending trends to expect in 2022 and how to get ready for new challenges? Here're the top trends in the housing market.
- [The Great Tech Revolution: Trends That Are Changing Finance As We Know It](https://hesfintech.com/blog/the-great-tech-revolution-trends-that-are-changing-finance-as-we-know-it/): By 2022, the fintech market value will exceed $300 billion. Which trends and technologies are going to have the greatest impact on the financial industry?
- [What You Need to Know About BI for Your Customer Service Strategy Today](https://hesfintech.com/blog/bi-integrations-in-lending/): BI integrations have found their usage in many spheres, but in the ultra-competitive world of lending, they could be the key to success. Here’s why.
- [Why Cloud Lending is Leading the Way in Digital Transformation](https://hesfintech.com/blog/cloud-lending-in-digital-transformation/): Cloud lending helps financial providers optimize the services they offer and lower the costs. Here’s why you need a cloud lending plan in place now.
- [How to Avoid Fraud in Digital Lending](https://hesfintech.com/blog/how-to-avoid-fraud-in-digital-lending/): The banking and lending industry is more likely to face a cyber-attack than other sectors. Here is how to combat fraud in digital lending and finance.
- [Top 6 Fintech Trends in 2022: What You Need to Know](https://hesfintech.com/blog/fintech-trends/): What fintech trends to follow in 2022? HES sees the growing demang for sustainable services and digital transformation. Here's more about fintech trends.
- [Five Digital Transformation Hurdles In Financial Services And How To Avoid Them](https://hesfintech.com/blog/five-digital-transformation-hurdles-in-financial-services-and-how-to-avoid-them/): How to increase the chance of getting an impressive ROI from digital transformation in finance? What are the typical hurdles to be ready for?
- [What’s Next for Fintech in the Asia Pacific?](https://hesfintech.com/blog/fintech-in-asia-pacific/): Post-pandemic, Asia Pacific is rapidly advancing in fintech. Here’s some of the critical data you need to know about 2021 and the future.
- [Future of Fintech in the Middle East: Trends, Insights & Predictions](https://hesfintech.com/blog/fintech-future-in-the-middle-east/): Getting to grips with the state of lending in the Middle East provides essential indicators to the financial future of the region. Find out more here.
- [Next-Gen Core Banking and Digital Lending: How Banks Update Their Software](https://hesfintech.com/blog/next-gen-core-banking-and-digital-lending/): Next-Gen Core banking is all about transforming banks and putting them on an accelerated track of digital technology. Here's more about complete automation.
- [What You Need to Know About Lending & Banking in Canada Today](https://hesfintech.com/blog/banking-and-lending-in-canada/): Knowing the current state of the banking and lending sector in Canada gives us essential indicators of what to expect next. Here’s what you need to know.
- [Banking and Lending in the USA 2021-2025: Trends & Predictions](https://hesfintech.com/blog/banking-and-lending-in-the-usa/): Knowing how the market is moving can help you plan for your business. Here are the latest banking and borrowing trends in the US today.
- [What Hybrid Banking And Hybrid Customers Mean For Your Business in 2020ies](https://hesfintech.com/blog/hybrid-banking-and-hybrid-customers-in-2020ies/): You will find an outline of a hybrid banking and lending and get some valuable insights about the expectations of the hybrid customer.
- [Digital Lending in Europe: Trends, Insights, and Predictions of 2021-2025](https://hesfintech.com/blog/digital-lending-trends-in-europe/): What are the Digital Lending strengths, weaknesses, and opportunities in Europe? Here're the digital lending trends in Europe for the upcoming years.
- [8 Big Takeaways from the Global Alternative Benchmarking Report](https://hesfintech.com/blog/takeaways-from-alternative-lending-industry-report/): The lending industry report shows that the global market is growing fast. Reach out to more insights from the Global Alternative Benchmarking Report.
- [5 Ways Embedded Finance Will Change the Future](https://hesfintech.com/blog/forbes-embedded-finance-changing-the-future/): We consider the embedded finance use as 1 - Buy Now Pay Later 2 - POS lending 3 - Integrated insurance 4 - Investment and trading 5 - Fintech-as-a-Service
- [Innovative Student Loan Software Solutions: Where to Start](https://hesfintech.com/blog/student-loan-solutions-development/): How to develop innovative student loan solutions? HES has a dedicated guide to help you understand where to start. Here's more about student loan software.
- [HES FinTech is Now Officially ISO 27001 Certified](https://hesfintech.com/blog/hes-fintech-is-iso-27001-certified/): Recently HES was acknowledged by the International Organization for Standardization and received ISO/IEC 27001 certificate. Click for more details.
- [Business-Analysis-as-a-Service in Lending Software Development: Why It’s A Good Start](https://hesfintech.com/blog/business-analysis-services-in-lending-software-development/): Business analysis helps clients launch their lending platforms on time and budget. HES offers to accompany your business during all iterations. Here's how.
- [Why Digital Lending is More Powerful than Ever](https://hesfintech.com/blog/why-digital-lending-is-more-powerful-than-ever/): Digital lending is a powerful tool, and it is growing in popularity. Discover what you need to know before upgrading your company's technology capabilities.
- [BNPL as a Part of Embedded Finance: What You Need to Do When Everybody Is a Lender](https://hesfintech.com/blog/buy-now-pay-later-software/): Lending and Buy Now Pay Later services are integral parts of the embedded finance industry. HES reveals what you need to know before entering the market.
- [How No-Code AI Is Changing Business](https://hesfintech.com/blog/how-no-code-ai-is-changing-business/): With a focus on no-code AI software in finance and marketing for credit scoring, application scoring, churn prediction, and predictive analytics in finance.
- [Wa’ed Selects HES FinTech as Software Vendor](https://hesfintech.com/blog/waed-by-saudi-aramco-selects-hes-fintech-as-software-vendor/): Wa'ed, the entrepreneurship arm of Saudi Aramco, one of the world's largest companies by revenue, is our new customer: HES automates financial operations.
- [The Ultimate Guide on Factoring Platform Development](https://hesfintech.com/blog/factoring-platform-development/): Factoring saves businesses. Let's guide in the factoring platform development to understand what win-win solutions to consider in top-notch software.
- [Point of Sale Financing Software or How to Engage with Retail Customers](https://hesfintech.com/blog/point-of-sale-financing-software/): Customers choose point of sale financing over credit cards not for nothing. Find out how to develop a POS lending software for successful business.
- [Open Banking To Open Finance: The Path To Fairer Finance](https://hesfintech.com/blog/open-banking-to-open-finance-the-path-to-fairer-finance/): Open Finance is about the way of data sharing and integrations that allows an impressive range of personalized financial services.
- [The Value of QA Testing in Fintech Industry](https://hesfintech.com/blog/the-four-foundations-of-qa/): Is software QA testing important for lending software? HES follows four quality assurance standards to provide quality and bug-free software. Find out more.
- [How to Build a Microfinance Lending Platform](https://hesfintech.com/blog/how-to-build-microfinance-lending-platform/): How to develop a microfinance lending platform? HES FinTech provides the guide with must-have features to implement in your project. Check out the article.
- [Lending Automation for Banks and Fintechs: Podcast by ABA & HES FinTech](https://hesfintech.com/blog/lending-automation-for-banks-and-fintechs/): Get a short overview of what HES FinTech offers both for lenders and banks. Watch our podcats with the American Bankers Association on lending made simple.
- [How to Develop Commercial Loan Software](https://hesfintech.com/blog/how-to-develop-commercial-loan-software/): How to develop a functional commercial loan software? HES FinTech provides a detailed development guide to help lenders on their digital way. Here's more.
- [The Ultimate Marketing Ideas for Loan Companies to Generate Leads](https://hesfintech.com/blog/marketing-ideas-for-loan-companies/): How to market borrowers? HES FinTech created an insightful guide with marketing ideas for loan companies. Discover loan campaign ideas here.
- [The Finance Industry's Obstacles Are Its Opportunities](https://hesfintech.com/blog/the-finance-industrys-obstacles-are-its-opportunities/): That’s what Dmitry Dolgorukov, HES FinTech CRO, is talking about in his new piece for Forbes Finance Council: for example, the urgent need to limit or pause face-to-face financial services
- [Most Important Insights & Reports for Your Lending Business](https://hesfintech.com/blog/reports-and-dashboards-in-lending-software/): Validate figures faster and drill into financial details at once. Customized reports and dashboards by HES can bring everything at fingerprint. Here's more.
- [Top 9+ Ideas for Marketing Automation in Lending](https://hesfintech.com/blog/marketing-automation-in-lending/): Drive marketing automation in lending and improve customer acquisition efforts with HES FinTech. Here's a detailed guide on automated marketing in lending.
- [How to Create a Peer to Peer Lending Platform](https://hesfintech.com/blog/how-to-create-a-peer-to-peer-lending-platform/): How to start a P2P lending company? With a dedicated P2P marketplace platform designed by HES, it's possible to enter the market in 4 months. Here's more.
- [Post-Pandemic Recovery Insights For Banks and Fintechs](https://hesfintech.com/blog/post-pandemic-recovery-insights-for-banks-and-fintechs/): After the pandemic, Dmitry Dolgorukov predicts demand for digital services, short-term loans, and rapid growth of online business lending. Here's more.
- [Banking Cyber Security: How to Provide Safe Online Loans](https://hesfintech.com/blog/lending-cyber-security/): Prevent fraud, don't address the impact. Deliver safe and secure online loans with HES. Reach out to the guide on how banks secure their data.
- [The Power of Agile Methodology for Fintech & Lending](https://hesfintech.com/blog/agile-in-fintech-and-lending/): Why do financial services need to take note of agile methodology? Agile is a must-have for successful business growth. Here're more details.
- [Back Office Automation in Digital Lending: Top Core Process Improvement Ideas](https://hesfintech.com/blog/back-office-automation-in-digital-lending/): Customer dissatisfaction source is the back office. Empower your back office systems with business loan CRM for automated lending and gain customers.
- [How The Cloud Is Changing Fintech](https://hesfintech.com/blog/cloud-is-changing-fintech/): In this article, he focused on cloud adoption in fintech, added statistics, and listed five ways the cloud will drive fintech into the future.
- [What Is BPM & How Can It Boost Your Lending Automation?](https://hesfintech.com/blog/bpmn-for-lending-automation/): How can bank process modeling boost automation in lending? The HES team reveals all opportunities of BPM and shows how to use it in practice.
- [Checklist of Essentials & Nice-to-Haves for Loan Servicing Platform](https://hesfintech.com/blog/must-haves-for-loan-servicing-platform/): Modify your lending platform for high-performing servicing. Check the key features and must-haves for lenders which would work for your business perfectly.
- [Payment Gateway Integration in Lending: How to Choose Once for All](https://hesfintech.com/blog/lending-payment-gateway-integration/): In digital lending, a reliable payment gateway system is the basis of successful work. Let's shed the light on tips for choosing payment loan software.
- [HES FinTech Announces Partnership with Ondato for Seamless Digital Onboarding](https://hesfintech.com/blog/hes-fintech-and-ondato-partnership/): HES FinTech and Ondato announce a strategic tech partnership to deliver seamless onboarding experience to lenders, credit unions and banks.
- [How Fintech Is Evolving In 2021](https://hesfintech.com/blog/how-fintech-is-evolving-in-2021/): Good news for the fintech industry: the 2021 predicted financial market recession is turning out not to be as bad as previously estimated.
- [Credit Scoring Integration: How to Upgrade Your Loan Origination Software](https://hesfintech.com/blog/why-lending-software-needs-credit-scoring-upgrade/): Integrating credit scoring systems with your loan origination software helps make smarter decisions automatically. Find out how right here.
- [How Banks & Finance Companies Can Digitally Transform Loan Origination Process](https://hesfintech.com/blog/how-to-upgrade-loan-origination-process/): How credit is given is changing. Here're five loan origination process steps to transform your digital business with HES FinTech.
- [Multichannel Lending Software: How to Grow Loan Portfolio with Multi Lender Platform](https://hesfintech.com/blog/omni-channel-vs-multi-channel-lending/): Collect applications from online and offline channels with HES FinTech solutions. We compared multi channel vs omni channel to help you choose the side.
- [Digital Transformation: What The Future Holds For Traditional And Alternative Lenders](https://hesfintech.com/blog/digital-transformation-of-traditional-and-alternative-lending-banks-fintech/): This Forbes article Dmitry makes a brief lending market trends overview. He also highlights general and specific to-dos for incumbent banks and lending fintechs.
- [Fintech, AI & ML: What you need to know in 2021](https://hesfintech.com/blog/fintech-ai-ml-in-2021/): The use cases of AI and ML vary from cost reduction to fraud detection, Robo-advisors, process optimization, credit scoring, security, and customer service.
- [Customer Experience in Digital Lending: 5 Onboarding Best Practices](https://hesfintech.com/blog/customer-onboarding-in-digital-lending/): Reduce churn rates by providing exceptional banking experience. Reach out to onboarding best practices by HES FinTech to outperform your competitors.
- [11 Finance Experts Predict Big Changes Coming To The Banking Industry](https://hesfintech.com/blog/11-finance-experts-predict-big-changes-coming-to-the-banking-industry/): The changes in the tech climate impact the banking industry. HES FinTech CRO Dmitry Dolgorukov was interviewed by Forbes along with the top C-level leaders.
- [Forbes Council: Thriving Post-Pandemic. A Strategic Cost Reduction](https://hesfintech.com/blog/forbes-council-thriving-post-pandemic-a-strategic-cost-reduction/): There are two options: cutting the expenses to save now or investing in technology and automation to save later. Learn more about the ways businesses search for alternative solutions, risky and cautious investments, and cost reduction tips your competitors may already be using.
- [HES FinTech Is in Top 3 Loan Origination Software Companies by GoodFirms](https://hesfintech.com/blog/hes-fintech-among-goodfirms-best-loan-origination-software/): Discover how HES FinTech has appeared among the top 3 loan origination software companies according to GoodFirms - B2B research and rating platform.
- [Forbes Council: FinTech Trends To Look Out For 2021](https://hesfintech.com/blog/forbes-council-fintech-trends-2021/): 2021 is marked with the ongoing “fintechization” of businesses and services. Dmitry Dolgorukov proves that Covid-19 has started a global fintech revolution.
- [Dmitry Dolgorukov, Founding Partner & CRO at HES FinTech: How the Crisis Makes FinTech Thrive](https://hesfintech.com/blog/how-crisis-makes-fintech-thrive/): Startup.info got an interview with Dmitry Dolgorukov, Co-Founder and CRO at HES FinTech, about the Covid-19 pandemic, HES, and online lending innovations.
- [Generations Online Banking: How to Adapt Lending for Boomers, Millennials & Gen Z](https://hesfintech.com/blog/how-to-adapt-lending-for-generations/): Adapt the business for Millennial lending and Z bank. Read the research by HES on how to create new generation banking to be in demand among generations.
- [HES FinTech: the 2020 Year in Review](https://hesfintech.com/blog/hes-fintech-2020-in-review/): The year 2020 was challenging. Yet we want to sum up our achievements and looking forward to reaching new goals in the upcoming year. Happy Holidays!
- [Forbes Council: Online Lending Is Holding Better Than Expected. Here’s Why](https://hesfintech.com/blog/forbes-council-online-lending-during-covid19/): The Covid-19 proved a driver for alternative lending. Dmitry Dolgorukov in his article for Forbes shows that 2020 is the year of loan management software.
- [Loan Management Software: What You Need to Know](https://hesfintech.com/blog/loan-management-software/): Offering digital solutions for lending providers is increasingly becoming a need, not a want. Find out all you need to know about loan management software.
- [Forbes Council: Banking, Fintech And The Second Pandemic Wave: What's Next For 2020?](https://hesfintech.com/blog/forbes-council-banking-and-fintech-during-the-second-pandemic-wave/): Digital transformation is a solution to survive during the 2nd pandemic wave. Dmitry Dolgorukov statistically proves it and shares how top-notch solutions protect lenders.
- [HES FinTech and Canadian Lenders Association Partnership](https://hesfintech.com/blog/hes-fintech-and-canadian-lenders-association/): HES FinTech, and the Canadian Lenders Association (CLA) today announced a strategic partnership to support the growing Canadian lending community.
- [How Fintech Is Changing Banking and Financial Services](https://hesfintech.com/blog/how-fintech-is-changing-banking-and-financial-services/): The financial sector is changing. Brick and mortar institutions are giving way to new Fintech solutions. These are reshaping the very way we do finance.
- [Forbes Council: How AI Revolutionizes Farming And What The Future Holds](https://hesfintech.com/blog/forbes-council-how-ai-revolutionizes-farming/): Dmitry Dolgorukov, the Co-Founder and CRO of HES FinTech, continues his series of articles for Forbes Finance Council. In case you’ve missed the first
- [How Automation Improves the Debt Collection Process](https://hesfintech.com/blog/how-automation-improves-debt-collection/): The COVID-19 pandemic announced by the World Health Organization in March this year changed the way the global financial system has been operating for
- [Meet HES FinTech People: the Interview with Maria and Tanya](https://hesfintech.com/blog/meet-hes-fintech-people/): Maria Nemogai and Tanya Hancharuk are a vital part of the Business Development department at HES FinTech. In this interview, they will discuss the current
- [The Pros and Cons of Starting a Peer-to-Peer Lending Business](https://hesfintech.com/blog/the-pros-and-cons-of-peer-to-peer-lending-business/): Modern markets in almost any domain are highly-competitive and it takes a lot to stand out from the competition, especially for small businesses and
- [Dmitry Dolgorukov Accepted into Forbes Finance Council](https://hesfintech.com/blog/dmitry-dolgorukov-into-forbes/): Dmitry Dolgorukov, the co-founder and CRO of a recognized lending software provider HES FinTech, has been accepted into Forbes Finance Council, an
- [Digital Transformation in Banking & Finance](https://hesfintech.com/blog/digital-transformation/): Digital transformation is the solution you've been looking for. Clear up how to empower your business with digitalization, and check the issues on the way.
- [COVID-19: Response from the Founders of HES Fintech](https://hesfintech.com/blog/covid-19/): Dear valued customers and partners, With the rapid coronavirus outbreak, we are facing an unprecedented global situation. COVID-19 is changing everything
- [HES FinTech's Partner to Become Global Champion at the World Summit Award Competition](https://hesfintech.com/blog/onesoil/): We’re glad to announce that HES FinTech’s partner OneSoil has become the Global Champion at the World Summit Award competition in the category
- [HES Fintech Obtains AWS Select Technology Partner Status](https://hesfintech.com/blog/hes-fintech-obtains-aws-select-technology-partner-status/): HES FinTech - a loan management software provider - has achieved AWS Technology Partner Status in the Amazon Partner Network (APN). This status
- [HES at Paris Fintech Forum 2020](https://hesfintech.com/blog/hes-at-paris-fintech-forum-2020/): The HES Fintech & GiniMachine AI team will join 2600 fintech professionals at Paris Fintech Forum in Paris on January 28-29. The Paris Fintech Forum
- [HES Fintech Recognized in Canada Within a LendTech Sector](https://hesfintech.com/blog/hes-fintech-recognized-in-canada-within-a-lendtech-sector/): HES Fintech recognized among the companies expanding in Canada in the category Canadian Lending Platform & Services Vendors, according to a report by
- [Ta Meri Group and HES FinTech Launch a Premium-Class Car Leasing Platform](https://hesfintech.com/blog/car-leasing-platform/): A brand by Ta Meri Finance, Luxury Cars Club & Financing is a premium-class car leasing platform that offers financing, insurance, and financial
- [HES Business Travel Agenda for November](https://hesfintech.com/blog/hes-business-travel-agenda-for-november/): Here at HES FinTech, November is hot because it’s full of events and itineraries. Our team just loves going places to connect with fintech professionals
- [HES Key Customer - ID Finance - Expands to Brazil](https://hesfintech.com/blog/hes-key-customer-id-finance-expands-to-brazil/): ID Finance, an innovative online lender and one of HES’s key customers, has launched its service in Brazil. The push into Latin America is the part
- [Happy Birthday, HES! 7 Milestones We Are Proud Of](https://hesfintech.com/blog/happy-birthday-hes-7-milestones-we-are-proud-of/): 10/10/19 HES turns 7 adding one more candle to its birthday cake. Here at HES, we learn a lot considering new projects and partnerships, not to mention
- [Fintuity Leverages HES Lending Platform to Boost Financial Advice Service](https://hesfintech.com/blog/fintuity/): Fintuity selects HES as a technology solution provider to launch a financial (robo) advisory platform targeted at UK residents. The solution provides
- [HES Expanding its Partners’ Network with Efma](https://hesfintech.com/blog/efma/): At HES, we believe in the power of collaboration and its ability to transform the financial industry. Today, we are pleased to announce a new partnership
- [HES and OneSoil Announce a Partnership to Enhance Agricultural Lending](https://hesfintech.com/blog/wizerise/): Today, HES and OneSoil announced a strategic partnership, delivering a new AI-powered platform for agricultural lending and insurance. The companies
- [HES to Participate in LendIt Fintech Europe 2019](https://hesfintech.com/blog/hes-lendit/): HES & GiniMachine representatives Ivan Kovalenko (CEO of HES) and Maria Nemogai (Business Development executive) are going to join hundreds of fintech
- [ID Finance – Key Client of HES – Makes it to the Financial Times List](https://hesfintech.com/blog/id-finance-key-client-of-hes-makes-it-to-the-financial-times-list/): The HES team is proud to announce that our key client and a long-term partner ID Finance has been recognized as one of the fastest growing companies in
- [Introducing HES New Brand Identity](https://hesfintech.com/blog/introducing-hes-new-brand-identity/): We’re thrilled to unveil another milestone: refreshed brand identity and redesigned website. As a part of the 2018-2019 strategic plan, rebranding
- [New Year Message from the HES Team](https://hesfintech.com/blog/new-year-message-from-the-hes-team/): From everyone at HES: wishing you a wonderful Holiday Season and a New Year filled with peace, wellness and prosperity! A heartfelt THANK YOU to all
- [HES Lending Platform in 2019: Moving at the Speed of Innovation](https://hesfintech.com/blog/hes-lending-platform-in-2019-moving-at-the-speed-of-innovation/): Data is the new currency and automation is a new form of work. Tech-savvy players such as fintechs and e-retailers set up new standards. If banks and
- [HES 2017 – Year in Review](https://hesfintech.com/blog/hes-2017-year-in-review/): It’s been an exciting year for the HES team. We’re growing faster than ever before: more new customers, solutions, and events.  This year, we’ve
- [Happy Holidays from HES: Greetings and Best Wishes for 2017](https://hesfintech.com/blog/happy-holidays-from-hes-greetings-and-best-wishes-for-2017/): Happy Holidays! We at HES wish you a new year full of great deals and innovations.  Dear Customers, Partners, Colleagues, and Friends, May the New
- [HES Enters Southeast Asian Market with New P2P Project](https://hesfintech.com/blog/hes-enters-southeast-asian-market-with-new-p2p-project/): HES has entered the markets of Malaysia, Philippines, Singapore, and Hong-Kong by securing a new and exciting project for an online peer-to-peer
- [HES to Participate in Wolves Summit 2016](https://hesfintech.com/blog/hes-to-participate-in-wolves-summit-2016/): The business-event season rolls on with the Wolves Summit 2016, to be held on 12-13 April in Warsaw, Poland. The third edition of the biggest
- [HES Nominated for European Fintech Awards](https://hesfintech.com/blog/hes-nominated-for-european-fintech-awards/): On 14 April 2016, the European FinTech Awards and Conference will be held at ABN AMRO, Amsterdam. The awards recognize major developments in the

---

#
# Detailed Content


## Pages

### Green Finance Software

> Green finance lending software for sustainable loans. Automate origination, scoring, and servicing for EVs, solar, and energy-efficient projects.

- Published: 2025-05-22
- Modified: 2025-06-17
- URL: https://hesfintech.com/green-finance-software/

Green finance lending software Get a free demo Build scalable green finance lending products with HES LoanBox. AI, automation, and flexibility in one platform. Your business and your team deserve the best lending platform From patchwork of tools Those manual spreadsheets, one-off apps, and disconnected tools that save you money today become expensive headaches tomorrow. To modern LMS HES LoanBox brings everything together—from borrower onboarding to loan servicing—in one AI-powered platform for green finance, with all your data centralized and elegantly structured. Digital onboarding Secure onboarding with real-time updates Let borrowers apply for green loans online—easily and securely. From personal info to document uploads, everything happens in one place. Your team gets real-time access, while clients can save progress and return anytime. Learn more Agent Portal Agents can select the offering, set the amount, and send personalized loan proposals to leads in just a few clicks. Borrowers receive the offer directly in their inbox and are guided to the Borrower Portal—where they can review all the details and apply instantly. Agent Portal Agents can select the offering, set the amount, and send personalized loan proposals to leads in just a few clicks. Borrowers receive the offer directly in their inbox and are guided to the Borrower Portal—where they can review all the details and apply instantly. Loan origination Green finance lending software with origination automation Application flow Borrower profile Decision-making Design, customize, and automate origination workflows that align with your sustainable finance strategy. HES LoanBox supports complex green lending products...

---

### Credit Decisioning

> Speed up lending with an AI-powered credit decisioning engine that automates risk analysis, enhances accuracy, and ensures smarter, data-driven loan decisions.

- Published: 2025-02-07
- Modified: 2025-06-17
- URL: https://hesfintech.com/credit-decisioning/

Credit decisioning engine Get a free demo The credit decisioning engine is the foundation of a profitable loan portfolio. Benefit from an AI-powered solution Smarter processes with AI-driven lending system GiniMachine analyzes client data to generate insights that assess potential borrowers' creditworthiness and help shape your approval policy. This no-code solution, integrated into HES LoanBox, takes the stress out of credit decision-making. Desicion-making Speed up your lending operations Speed up your credit decisioning process—from hours to seconds. Bonus: eliminate human biases when evaluating applicant profiles. Our platform supports rule-based decisioning and integrates seamlessly with multiple credit bureaus, making the process smarter and more informed. Choose manual, semi-manual, or fully automated decision-making—whatever works best for your company's goals. Product campaigns Customize your lending offerings Businesses thrive when they adapt: to customer needs, changing market conditions, and emerging opportunities. Our loan decisioning solution lets you customize your loan products and adapt your approval processes for different borrower segments and credit products. Whether you need automated checks for fast approvals or manual reviews for more complex cases, the solution offers unmatched flexibility. Debts will be repaid, and customer satisfaction will increase. It's a win-win! Configurable workflows Workflows that fit goals AI-driven automated decisioning Delays and inconsistencies should have no place in lending processes. With smart, automated decision-making, you can rely on data-driven insights to make quick, reliable choices. Achieve accuracy, efficiency, and confidence—all in one solution. AI-driven automated decisioning Delays and inconsistencies should have no place in lending processes. With smart, automated decision-making,...

---

### Tavan

> Discover how Tavan Bogd Finance revolutionized the lending landscape in Mongolia with HES LoanBox, introducing first-of-its-kind loan offerings.

- Published: 2025-01-03
- Modified: 2025-01-11
- URL: https://hesfintech.com/clients/tavan/

Tavan Bogd Group success story Digitizing lending operations for Mongolia’s largest conglomerate We joined forces to transform Tavan Bogd Finance’s lending infrastructure with an automated and scalable loan management system. Founded in 2021 Markets Mongolia Team Size 200+ Type Consumer lending Web site tavanbogdfinance. com The LMS provided flexible repayment options, automated restructuring features, and branch-level management, enhancing operational efficiency and risk mitigation. Urnukhjargal Badam, Branch Manager at Tavan Bogd Group Challenge Key obstacles in scaling financial services for a growing market Tavan Bogd Finance, a subsidiary of Tavan Bogd Group, sought to implement a scalable fintech platform to cater to the evolving financial needs of its customers. The company aimed to streamline its loan origination and management processes to offer faster and more flexible financial services, including consumer and commercial lending. The platform also needed to integrate a loyalty point system, an e-wallet feature, and various lending products to enhance customer engagement and operational efficiency. The main challenges included the need for automation of loan decisions, improving service speed and quality, expanding their target customer base, and reducing operational costs. Additionally, Tavan Bogd Finance required a seamless transition from their existing non-bank loan software, with minimal disruption and complete data migration. Approach Customer verification flow Our solution for Tavan Bogd Finance includes a customer verification flow that evaluates individual borrowers before initiating the loan application process. To ensure connectivity with Tavan Bogd Finance's app, we provided the necessary endpoints and back-office infrastructure to seamlessly connect our HES LoanBox system...

---

### SME Lending Software

> Small and medium-sized business loan software crafted to optimize workflows and drive growth | All loans types, 90 days TTM, AI-powered

- Published: 2024-12-06
- Modified: 2025-05-27
- URL: https://hesfintech.com/sme-lending-software/

SME lending software solution Get a free demo Streamlined loan management, business data analysis, automated decision-making, and much more. All in one platform. HES LoanBox includes Digital Onboarding Loan Origination Loan Servicing Streamlined data collection Enterprise-grade security protocols Smart debt collection strategies Automated decision workflows AI-powered credit scoring Digital onboarding From website view to application, fast Landing Page Agent Portal Mobile version No more tedious paperwork or complicated processes. Borrowers provide financial details through our platform, and HES LoanBox automatically analyzes profitability ratios, business plans, and key financial metrics. Once all necessary documents are uploaded, our lending software for small businesses takes care of the rest—from verifying ownership details to assessing creditworthiness. Learn more Loan origination Accelerate your decision-making process Business plan Company profile Financial analysis Decision-making Scoring Active loan Choose the loan decision process that works best for you: fast, automated approvals based on business rules or detailed reviews by a credit committee. Our platform gathers data from open sources on the company and its owners, analyzes key financial indicators like EBITDA, and adapts to each loan’s complexity. Quick, automated decisions for smaller loans, thorough prep for larger ones—everything you need for informed, efficient lending. Learn more Safe and secure signing process for SME lenders Simplify your lending process with secure e-signatures, fully integrated into our lending software for small businesses. No more paperwork—borrowers can sign documents digitally from anywhere, anytime. Ensure compliance and efficiency with legally binding e-signatures tailored for SME loans. Safe and secure signing process for...

---

### WayFina

> Developing a first-of-its-kind flexible financing solution set to transform the agricultural industry in Zambia.

- Published: 2024-12-06
- Modified: 2025-01-10
- URL: https://hesfintech.com/clients/wayfina/

WayFina success story The ‘Grow Now, Pay Later’ initiative changing agricultural finance WayFina is a supplier of fertilizers and agricultural products, primarily serving farmers and small-to-medium enterprises (MSMEs) across African markets. Recognizing the financial constraints that hinder many African farmers from accessing essential agricultural inputs, WayFina sought to implement a "Grow Now, Pay Later" initiative. This program would allow farmers to acquire fertilizers with deferred payments, settling costs post-harvest. Founded in 2024 Markets Zambia Team Size 1-10 Type Impact finance Web site wayfina. com Challenge Food insecurity and lack of automation Traditionally, WayFina's business model required full prepayment for fertilizers, facilitated through dealer networks. This approach limited accessibility for many farmers due to upfront costs and logistical challenges. The company aimed to transition to a direct-to-farmer distribution model with flexible payment terms to make fertilizers more affordable and accessible. Implementing this change presented several challenges: Tight deadlines: The solution needed to be operational by December to align with Zambia's planting season. Regional specificity: Operating in Zambia required navigating limited digital infrastructure, the absence of traditional credit data, and the necessity for integration with local service providers. Fraud concerns: The high-risk environment necessitated robust fraud detection systems tailored to the region. Operating in Zambia and the broader African region presents significant fraud risks, particularly in the lending sector. While specific data for Zambia is limited, insights from neighboring countries highlight the severity of the issue. For instance, in Nigeria, banks reported losses amounting to ₦6. 03 billion (approximately $7. 8 million)...

---

### DigiBox

> Perfect starter kit for digital lenders. AI-powered solution that supports 30+ integrations and streamlines all workflows | By TPIsoftware and HES FinTech

- Published: 2024-11-22
- Modified: 2025-04-03
- URL: https://hesfintech.com/digibox/

digiBox The ultimate starter kit for lenders Get a free demo digiBox is a lending platform powered by an API-first management platform that enables faster integrations, seamless loan processing, and enhanced flexibility Solutions behind digiBox Solutions behind digiBox Lending platform by HES FinTech HES LoanBox is an end-to-end lending platform designed to automate and streamline all loan management processes. API management platform by TPIsoftware digiRunner is a сomprehensive API management platform that ensures non-blocking mission-critical operations. HES LoanBox Complete lending management platform Landing Page Borrower Portal Back Office Agent Portal HES LoanBox is a fully digital, automated, AI-powered lending solution trusted by over 100 companies worldwide, including a unicorn in the European Union and two public companies in Asia. It provides end-to-end solutions for loan origination, underwriting, servicing, and collection. This enables lenders to optimize operations, reduce costs and NPLs, improve customer satisfaction, and better manage their loan portfolios. Learn more Core features KYC Verify customer identities quickly and accurately. Streamline onboarding, reduce fraud risks, and maintain full regulatory compliance. AI-powered scoring Boost decision-making efficiency with AI-powered credit scoring. Automate evaluations, reduce human error, and make more accurate lending decisions. Reports and dashboards Need clearer insights from your data? Our reporting and dashboards tool offers real-time tracking, customizable metrics, and easy exports—so you can make more informed decisions. Custom workflows Set up and adjust loan processes to match your specific requirements. Adapt workflows in minutes without the usual complexity. E-signature Tired of dealing with slow, paper-based processes? Our e-signature solution...

---

### Islamic Finance Software

> Islamic finance system for alternative lenders, banks, and fintechs ✓ Cloud-based ✓ Compliant ✓ Trusted by global businesses ✓ Launch in 3 months

- Published: 2024-09-17
- Modified: 2025-05-24
- URL: https://hesfintech.com/islamic-finance-software/

Islamic finance software Get a free demo Empowering Islamic financial institutions with top-tier loan management systems HES LoanBox solution includes Digital Onboarding Loan Origination Loan Servicing 100% process automation AI-powered lending workflows Compliance with Islamic finance rules Deployment in 3 months Seamless integration Digital onboarding Turn leads into borrowers Landing Page Agent Portal Integrated plugin Capture leads and provide initial loan calculations. Potential clients are then guided from the Landing Page to the Borrower Portal, where they can submit their loan applications for further processing in accordance with Islamic finance rules. Onboarding can be initiated directly from your website, through authorized agents, or via any integrated applications. Learn more Open banking Gain direct access to up-to-date financial information, such as account balances, transaction history, and income verification, for your potential borrowers. Use this data to offer personalized financial products that align with Islamic finance principles and streamline the application process. Open banking Gain direct access to up-to-date financial information, such as account balances, transaction history, and income verification, for your potential borrowers. Use this data to offer personalized financial products that align with Islamic finance principles and streamline the application process. Loan calculator Help your borrowers estimate their loan payments and financial obligations before applying. Then, they can choose the most suitable credit product based on their personal needs and proceed to the credit application. KYC Verify your potential clients' identities within seconds, reduce onboarding time, and enhance fraud prevention with our KYC module, which connects directly with trusted KYC...

---

### Buy Now Pay Later Software

> Discover the BNPL software that streamlines the entire purchase and payment process. From instant approvals to integrations, HES LoanBox offers tailored implementation within 3 months.

- Published: 2024-06-06
- Modified: 2025-05-24
- URL: https://hesfintech.com/buy-now-pay-later-software/

Buy Now Pay Later software Get a free demo Increase conversions, average order values, and customer loyalty with HES LoanBox BNPL software includes Embeddable plugins Borrower Portal Back Office Time-to-market from 3 months Integrations with 3rd-party software AI-powered collection module Automated loan application flow AI-powered decision-making For all types of retailers E-commerce Point of Sale BNPL software for E-commerce Enhance your online store with BNPL options to improve customer service and meet business objectives, like increased transaction volume or the average purchase value growth. BNPL software for Point of Sale Increase average spend, drive up transaction frequencies and improve overall customer service with BNPL solution integration at your PoS. Why integrate HES LoanBox? Advantages for your shoppers Offer your customers a seamless and empowering shopping experience with our BNPL solution. A new, convenient payment method The ability to afford higher-priced items They can try on and keep only what fits Interest-free purchases Boost your business with our BNPL platform Get a free demo Digital onboarding Boost sales with BNPL software The onboarding flow is integrated directly into the online store via our plugin, featuring a 'Buy Now, Pay Later' button. Shoppers can apply for installment payments, provide their information, and receive instant purchase approval, all within the shopping interface for a seamless experience. KYC HES LoanBox comes with a robust KYC functionality that allows for nearly instant identity verification through personal data and document images. Configurable application flow Based on your business needs, HES system analysts will help you build...

---

### Custom Workflows

> Enhance your loan processing workflow with HES FinTech's custom workflows. Boost efficiency, ensure compliance, and streamline approvals tailored to your needs.

- Published: 2024-05-29
- Modified: 2025-06-14
- URL: https://hesfintech.com/platform/features/custom-workflows/

Custom loan processing automation Get a free demo Tackle the challenges of slow loan approvals, error-prone decision-making, and escalating operational costs head-on Lending workflows include Onboarding & application Decision-making Servicing & collection Faster development with Camunda Self-validating processes Integration with existing systems Enhanced data security Stable architecture Streamline loan processing Loan approval workflow Adjust application steps for a fluid, logical progression for both your team and applicants. Smoothly navigate KYC verification phases for enhanced compliance. Access applicant bank details via Open Banking and integrate with credit bureau data for in-depth credit history insights. This feature ensures efficient, informed decision-making, improving both client experience and operational efficiency. Optimize credit decisions Customize decisioning logic Transform the entire loan process from application to disbursement with automatic verification and precise auto-scoring criteria. Our software ensures rapid, accurate, and consistent credit evaluations, reducing approval times and minimizing manual errors. Standalone debt collection Optimize your debt collection Comply with both your country's legal requirements and your company's internal guidelines. Benefit from seamless integration with collection agencies. Define custom rules for debt handoff, set policies for late payment fees, and establish criteria for auto-alerts and payment reminders. Overdue amounts are automatically shifted to deal refinancing, helping lenders offset losses through adjusted interest rates. Simplify contract signing Transform your contract management Ensure every contract meets your precise needs and benefit from the integration with leading digital document flow providers and e-signature solutions. Our smart auto-prompt feature quickly identifies and rectifies incomplete client submissions, ensuring a seamless flow of...

---

### Configurable Loans

> Maximize efficiency with our loan configuration engine. Launch and tailor loan products to meet specific borrower needs and streamline your lending workflow.

- Published: 2024-02-15
- Modified: 2025-06-14
- URL: https://hesfintech.com/platform/features/configurable-loans/

Flexible loan configuration engine Get a free demo It empowers you to swiftly launch and adapt new credit products with automated calculations in just a few clicks Ready-to-launch 1-2 months Unique credit products Preconfigured loans Custom calculation logic Adjust preconfigured loan types Streamline your loan product configuration by setting foundational parameters for products using the same calculation method. Tailor the application processing algorithm to these specific loan types, optimizing efficiency and accelerating your processing timeline. Create unique loan products Diversify your offerings within a single lending campaign by introducing distinct loan products. Each will maintain a consistent calculation method, ensuring reliability while providing the flexibility to adjust loan amounts, repayment schedules, and interest rates. Tailor personalized loan options to meet the specific needs and financial capabilities of individual borrowers, enhancing customer satisfaction and loyalty. Apply loan fees Fine-tune commissions and service fees for each loan product individually. Specify penalty amounts to be automatically applied in the event of delays or contractual breaches. Simplify the process of collecting additional payments with just a few clicks. Grace period and payment holidays Establish grace periods featuring lowered interest rates, providing borrowers with temporary relief. Set payment holidays to assist clients facing challenges with timely repayments. Foster borrower loyalty and minimize default rates, increasing borrower satisfaction. Set fully custom lending campaigns Tailor your credit campaigns with complete customization, assigning each one its unique calculation method. Under a single calculation method, you can create multiple campaigns with varying settings. Easily incorporate the desired credit contract...

---

### Task Management

> Learn about seamless integration, team orchestration, and flexible task assignment that empower lenders with total control over their lending tasks.

- Published: 2024-01-03
- Modified: 2025-06-17
- URL: https://hesfintech.com/platform/features/task-management/

Task management software for lending business Get a free demo Comprehensive loan management for applications, oversight and borrower relations Seamless integration The task management module streamlines data flow and loan application tracking in the front-end and borrower portal Team orchestration HES LoanBox not only assists in managing tasks but also optimizes them for seamless integration within the entire system Flexible assignment Tasks auto-assign based on roles or manager discretion, or with loan officers self-assigning as they finish prior tasks Task management for lenders Task tracking Once a loan application is submitted through the front-end, it’s directed to the task tracking module for processing. Here, credit officers review applications, encompassing borrower details and their credit requests. Role-based tasks assignment Verifier’s tasks As a Credit Verifier, specialists focus on tasks related to loan application and borrower verification. They evaluate the accuracy of applicants' financial data, ensuring it aligns with loan criteria. They can decline, request more details, or preapprove applications for further underwriting. Loan underwriter’s tasks They scrutinize borrower data to determine risk. Loan underwriters assess creditworthiness and collateral value to make informed decisions, including final loan approvals or rejections. Credit officer’s tasks Credit Officers manage borrower and active loan data. They can set grace periods, write off loans, track operations, and log offline transactions. Total control over lending tasks Universal users have full access to all tasks. They can assign any task, transfer active loans to debt collection, initiate collection actions, and record decisions on outstanding debts. This role allows monitoring...

---

### Features

> Popular features in HES LoanBox's lending software give you complete control over the entire lending process.

- Published: 2023-10-31
- Modified: 2025-05-23
- URL: https://hesfintech.com/platform/features/

Explore HES LoanBox features Get a free demo Digital Onboarding Loan Origination Credit Decisioning Loan Servicing Debt Collection Digital Onboarding Make the first touchpoint with borrowers seamless and intuitive. Loan calculator Help borrowers make informed decisions with accurate calculations that integrate all variables—interest rates, amounts, and terms—across your entire loan portfolio. KYC Prevent fraud with document scanning, biometric checks, and database verification—instantly and in full compliance. Borrower profile Users can view application status, access loan details, update personal information, and track repayment schedules. Loan Origination Customize workflows, automate verification, and reduce approval times—all with complete visibility. E-signature Tons of papers on the desk? Gone. In-person visits? No longer needed. Finalize agreements instantly, from any device, anywhere—with secure and legally binding e-signatures. Open banking View real financial behavior with direct account connections that reveal true income patterns, spending habits, and account management for accurate risk assessment. Credit history check Get instant access to debt levels and credit scores—giving you the complete picture for confident lending decisions. 24/7 application access Give borrowers the freedom to apply anytime, anywhere. Our responsive online applications work across all devices, letting customers start, save, and complete applications at their convenience. Configurable application forms Create the perfect application flow for each loan product while capturing exactly the data you need for efficient processing. Credit Decisioning Transform your approval process with data-driven lending decisions. Configurable workflows Delays and inconsistencies should have no place in lending processes. With smart, automated decision-making, you can rely on data-driven insights to make...

---

### ALM

> Learn about the transition from manual Excel data management to a customized, cloud-based system for efficient securities transaction management.

- Published: 2023-10-27
- Modified: 2025-01-03
- URL: https://hesfintech.com/clients/alm/

ALM Securities success story An Icelandic securities company offering financial services to businesses Learn how HES LoanBox helped ALM Securities to optimize lending workflow and accelerate loan processing. Founded in 2009 Markets Iceland Team Size 10-50 Type Commercial lending Web site almv. is We're extremely satisfied with how HES FinTech is serving us currently. In just 6 months, we went from storing all our data in Excel to a fast, reliable, and user-friendly platform that caters to our specific needs. Hjortur H. Jonsson Partner at ALM Securities Challenge Automation of securities management Between 2009 and 2022, the client relied on Excel spreadsheets for handling their fixed income asset and liability transactions. However, with the expansion of their business, they encountered a growing issue of escalating manual workload and a rising occurrence of human errors. To address this challenge, the client sought the expertise of HES FinTech to implement a cloud-based solution that would comprehensively automate intricate calculations and reduce the need for manual data input. Approach Custom system for securities servicing After a detailed assessment of the project's scope, the HES FinTech BA team identified the client’s need for a fully customized securities transaction management system. The project presented four main challenges: automating comprehensive interest calculations, enabling automatic payment issuance, generating real-time charts and reports, and ensuring continuous synchronization of interest rate adjustments based on the Central Bank of Iceland's indicators. Additionally, the system’s adaptability allows it to handle multiple currencies and scale seamlessly with the client's business growth. To...

---

### Australian lender

> Delve into how they started with a comprehensive digital loan origination system, streamlined document workflows, and efficient loan management.

- Published: 2023-10-27
- Modified: 2025-01-03
- URL: https://hesfintech.com/clients/australian-lender/

Australian lender success story A consumer lending platform on the Australian financial services market Learn how HES LoanBox helped to launch the Australian lending business from scratch within 2 months. Founded in 2023 Markets Australia Team Size 10-100 Type Consumer lending Web site Under NDA Challenge Rapid business launch As a startup without an existing loan management system, they needed guidance on financial business strategies and a rapid market entry. Their vision was clear—a holistic loan processing system with essential features like digital loan origination, automated underwriting, streamlined document workflows, efficient loan registration, and flexible management capabilities. These elements were non-negotiable, forming the core of their requirements. Approach Providing a ready-made lending solution After an in-depth analysis of the customer’s requirements, the Business Analysis team at HES FinTech determined that the HES LoanBox ready-made lending platform was a perfect fit for the client’s needs. The off-the-shelf solution was quickly adapted to the specific demands of the Australian finance market. Integrating HES LoanBox with Illion Open Banking enabled swift retrieval of bank account data for potential borrowers, while our technical experts successfully linked the SquarePay API to ensure secure online transactions. The client now benefits from customizable credit products, task management, and fully automated loan servicing. At their request, we also made slight adjustments to both the landing page and the borrower portal to align with their brand identity. 8 min to submit a loan application 2 months time to market 100% digital loan processing Result 2 months from idea to...

---

### Trade Finance Software

> Get a customized trade finance system ready to go in 90 days. Automated letters of сredit, collections, and supply сhain financing. Top-notch trade finance solution for the best lending performance.

- Published: 2023-06-28
- Modified: 2025-05-24
- URL: https://hesfintech.com/trade-finance-software/

Trade finance software Get a free demo Get customized trade finance system ready to go in 90 days Solution includes Onboarding Borrower Portal Back Office Automated pre-approvals Online credit limit and utilization management Digital document exchange Lifetime security updates Easy customization & integrations Onboarding Seamless trade finance borrowing experience Clients can apply for loans online, hassle-free, from anywhere in the world and on any device. HES trade finance automation system offers a seamless loan application process that empowers individuals and businesses to conveniently access funds remotely. Sign documents electronically Safely store and share financial information with a paperless interface. Our trade finance software solutions include integrated APIs for electronic signatures, enhancing workflow speed and simplifying document management. Enable fully digital e-signature and approval workflows for your team and borrowers, streamlining the entire process. Say goodbye to manual paperwork and enjoy the convenience of digital signatures within our software. Sign documents electronically Safely store and share financial information with a paperless interface. Our trade finance software solutions include integrated APIs for electronic signatures, enhancing workflow speed and simplifying document management. Enable fully digital e-signature and approval workflows for your team and borrowers, streamlining the entire process. Say goodbye to manual paperwork and enjoy the convenience of digital signatures within our software. Auto field validations During the application stage, HES implemented automatic field checking to ensure that you can provide the borrowers with comprehensive and precise information. With this feature, you can significantly reduce both labor costs and the time required to...

---

### Wa'ed success story

> Learn how Wa'ed by Aramco successfully launched its consumer lending platform in just four months, thanks to the support and collaboration of HES FinTech.

- Published: 2023-05-16
- Modified: 2025-01-03
- URL: https://hesfintech.com/clients/waed/

Wa’ed success story A SME lending platform that offers financial services in Saudi Arabia Discover how Wa'ed has successfully launched in the Saudi Arabian market in 4 months with the help of HES LoanBox. Founded in 2013 Markets Saudi Arabia Team Size 45 Type SME lending Web site waed. net We have placed our trust in HES FinTech’s expertise to develop lending software and predictive analytics software for our financial services. Their expertise will support the launch of our updated platform, which will benefit from automation, clear UI & UX, and a fully functional customer portal. Mazen Alasnag Head of Loan Management at Wa’ed Challenge End-to-end automated lending process Wa'ed supports companies that aim to address major challenges like housing, climate, food security, and SME financing, helping accelerate innovation through investment and guidance. They needed a loan management platform to streamline operations and enhance scalability. Approach Business analysis followedby development HES FinTech initiated the project with an in-depth business analysis to fully understand Wa’ed’s requirements and market challenges. This analysis guided the development process, where the team designed a customized solution tailored to meet Wa’ed’s goals. The focus was on creating an end-to-end automated lending system that would streamline operations, enhance scalability, and reduce decision-making time. Close collaboration with Wa’ed ensured the platform aligned with their business model and regulatory needs, paving the way for a smooth implementation. 4 months Time-to-market 50% Reduced the decision-making time 2X Increase in applications Result Wa'ed surpassed numerous competitors in the Saudi Arabia market,...

---

### Loop

> This case study highlights how AI-powered loan management system reduced operational costs, and increased loan issuance by 40%.

- Published: 2023-05-16
- Modified: 2025-03-21
- URL: https://hesfintech.com/clients/canadian-lender/

Canadian lender success story End-to-end loan management software for consumer lending in Canada Learn how HES FinTech helped a leading Canadian lender to optimize loan processing. Founded in 2013 Markets Canada Team Size 200 Type BNPL & consumer lending Website Under NDA The average volume of loans issued increase per week is about 40% (count) and in which case our auto-approved growth is 10% worth of our business which is a huge win. Head of the Project Challenge Consumer loan management software development A lending organization approached HES FinTech with an urgent need for a loan management system upgrade. Their legacy software was outdated, lacked functionality, and caused operational costs and data loss issues. The organization needed a new loan servicing system with advanced features, such as multiple calculation types, loan management scenarios, and automated decision-making, to reduce manual tasks and improve overall operational efficiency. 6 months Time-to-market 20 min Saving per one application processing 12500 h Yearly worktime savings Approach Migration to a new lending system HES FinTech developers integrated HES LoanBox—a comprehensive loan management system featuring modern tech stacks and APIs. The team implemented Camunda, a lending workflow management API, to support two distinct business processes within a single system. The client also gained a feature-rich borrower portal and integrated VoPay as a payment processing provider to automate disbursements and repayments, simplifying loan tracking. Despite the challenge of migrating historical data from the previous system with different calculation logic, our team successfully transferred all data into the new...

---

### Working Capital Loan Software

> Power up the working capital lending with HES. AI credit scoring, KYB, document & task management. Get your working capital finance software ready in 3 months!

- Published: 2023-04-26
- Modified: 2025-05-24
- URL: https://hesfintech.com/working-capital-loan-software/

Working capital loan software Get a free demo Have your working capital finance software customized and running within 3 months Solution includes Onboarding Borrower Portal Back Office Automated disbursement and calculations Credit lines and revolving loans support AI borrower evaluation and scoring Constant security updates Lifelong customer support Onboarding Keep your business thriving and secured Cross-channel KYB & AML verification. Reduce fraud risks and protect your business from financial crime with off-the-shelf corporate working capital finance solution. HES software can smoothly integrate with KYB/AML systems, PEP lists, blacklists, and debarred company lists to ensure rock-solid security. E-sign your documents online Simplify your document management process with an easy-to-use e-signature feature for both your team and the borrower. HES working capital finance software eliminates paperwork and allows easy sharing and storing of sensitive data in a fully digital and secure environment. Back Office Create credit lines in just a few clicks Leverage the power to create flexible credit lines that work for you and your clients. Harness the power of working capital loan software to save time when setting up credit limits, interest rates, and payment terms. Corporate working capital finance software comes with automated borrower inquiry scoring, invoice estimation & debtor underwriting. Flexible digital transactions Automate your credit disbursement process with ease and precision. Seamlessly manage direct debits and other financial operations and set up disbursement rules based on payment data, ensuring a seamless and error-free process. Powerful product engine Our product engine is the ultimate tool for creating custom...

---

### Student Loan Software

> Get your education loan software ready within 3 months. Turnkey white-label solution. Automated loan origination and management. AI-fueled. Try for free now!

- Published: 2023-04-18
- Modified: 2025-06-17
- URL: https://hesfintech.com/student-loan-software/

Out-of-the-box student loan software Get a free demo Get your education loan software ready in 3 months HES LoanBox solution includes Landing Page Borrower Portal Back Office Payment processing automatization In-depth dashboards and reports Flexible integrations Lifetime user support User-friendly whitelabel design Digital onboarding Student loan platform to foster user engagement Landing page API for your website Active plugin Incorporate the borrower portal into the website. Make the user experience smooth by integrating HES student loan servicing software with third-party platforms and websites through an API. Multi-channel application process With HES ready-made student loan platform, borrowers have the flexibility to seamlessly switch between devices while filling out their loan applications. Cross-channel application process Omnichannel approach to the consumer loan automation enables users to switch between devices and complete the application most conveniently. HES consumer lending solution has an auto-saving feature that allows to return to the form later without losing any progress. Flexible application flow HES experts will analyze your ecosystem and help you craft a seamless application process tailored to your unique business needs with customizable and ready-to-use forms that optimize conversion rates. Know Your Customer Safeguard your business from fraudsters and scammers with KYC integration offered by HES student loan origination software that validates user identity with form data and photo identification. Borrower Portal Ad-hoc student loan management software Active loan Application flow Activities dashboard Front-end loan calculator HES student lending software features a calculator that allows borrowers to monitor repayments and opt for the best-suited option based...

---

### Healthcare Finance Software

> Ready-made patient finance software solution. 3 months to launch. All-round medical loan origination & management. Try healthcare finance software for free!

- Published: 2023-03-17
- Modified: 2025-06-18
- URL: https://hesfintech.com/healthcare-finance-software/

End-to-end healthcare finance software Get a free demo Have your medical loan software up and running in 2 weeks Solution includes Onboarding Borrower Portal Back Office Ready-made loan platform Off-brand design and easy-to-use interface Automated decision-making process Lifelong customer support Intelligent scoring system Digital onboarding Patient lending software to boost loan engagement Merge the borrower portal with the website. HES healthcare finance software can be seamlessly integrated with third-party platforms and websites via API to ensure a smooth user experience. Get your papers signed online Say goodbye to the hassle of printing, scanning, and mailing documents back and forth. Securely store and share medical financing information with a simple and paperless interface. Leverage fully digital e-signature features and approval workflows. Get your papers signed online Say goodbye to the hassle of printing, scanning, and mailing documents back and forth. Securely store and share medical financing information with a simple and paperless interface. Leverage fully digital e-signature features and approval workflows. Seamless application flow HES analysts use pre-built form sets to help facilitate a smooth step-by-step onboarding process. Patient lending software will simplify data gathering, boost conversion rates, and ensure a personalized experience for borrowers. KYC & AML Our patient finance solutions include robust KYC (Know Your Customer) and AML (Anti-Money Laundering) features to ensure compliance with regulatory requirements and protect businesses from fraud. The configurable workflows Healthcare loan servicing Medical loan software for lending management Loan Products Feature-rich task management Out-of-the-box patient financing software allows for efficient and secure task...

---

### Loan Management Software

> HES FinTech provides complete loan management software that increases efficiency and drives all-around automation for financial service companies.

- Published: 2022-12-22
- Modified: 2025-05-27
- URL: https://hesfintech.com/loan-management-software/

End-to-end lending management system Get turnkey softwarefor loan management Get a free demo Easy loan management Simple lending management software Keep all processes in check using all-in-one software for loan management. Transform your legacy software or start a new line of business — in months, not years. Simple loan management software Keep all processes in check using all-in-one software for loan management. Transform your legacy software or start a new line of business — in months, not years. AI-driven software for loan management Reduce NPLs by up to 40% and expand your business by reaching thin-file borrowers. Implement AI-based scoring to make accurate lending decisions within minutes. Loan servicing Add freedom to digital loan lifecycle management system by automatically collecting payments and managing existing applications. Ultimate loan management system Build connection with your leads by creating products for every taste and need with credit management software Debt collection HES lending management software automates collections and optimizes communication strategy. Sophisticated and flexible soft, hard or legal collection features, pre-collection. Dashboards & reporting Instantly get relevant statistics in your online lending management system. Use custom or pre-defined reports. Add, edit or export data to a number of formats. Easy LMS integrations All-round loan management solution Commercial lending Consumer lending Peer-to-peer Auto lending Microfinance Leasing Bank lending Merchant advance Quick start 1 month Discovery 2 month Lending management tools setup 3 month Test and launch HES FinTech is a leader in developing intelligent lending management software that adhere to enterprise-level standards. GDPR compliance....

---

### Integrations

> Choose API for finance software among dozens of integrations and customize HES LoanBox to fit your business needs. Ondato, Twilio, Stripe, VoPay and more.

- Published: 2022-03-21
- Modified: 2024-08-15
- URL: https://hesfintech.com/platform/integrations/

Integrations Issue first loans in 3 months Get a free demo

---

### Digital Onboarding

> Digital Onboarding by HES LoanBox combines a smooth guided customer experience with high-security standards and compliance.

- Published: 2022-03-21
- Modified: 2025-04-25
- URL: https://hesfintech.com/platform/digital-onboarding/

Finance landing page for digital onboarding Get a free demo User-friendly and engaging Increase your financial market presence by offering your clients an online digital onboarding platform. Fully customizable white-label loan website boosts the number of applications, simplifies the approval process and grants superb user experience. HES LoanBox solution Omnichannel digital onboarding solution Lower the abandonment rates by enabling your clients with a possibility to access the finance landing page from multiple channels. Starting to fill the application on a smartphone, they can proceed later with a different device. White-label design Customize the onboarding platform to reflect your business identity. HES LoanBox offers digital client onboarding software for financial services. Integrate UI/UX design with your unique brand appearance to enhance user engagement. Boost your conversion rate Bring more traction to your customer acquisition performance. Landing platform allows you to increase the number of loan applications and turn them into active borrowers. Comprehensive loan request forms and automated data input are designed utilizing the top-notch technical stack, which provides an advanced security and smooth digital onboarding experience. 44% boost in staff efficiency HES FinTech is trusted by 130+ businesses worldwide. Leveraging our expertise in customer onboarding automation, we've developed a digital onboarding solution that enhances loan processing efficiency and customer satisfaction. Issue first loans in 3 months Get a free demo

---

### Borrower Portal

> Boost your customer experience with HES LoanBox Borrower Portal. It supports smooth interaction between a borrower and a lender.

- Published: 2022-03-21
- Modified: 2025-04-25
- URL: https://hesfintech.com/platform/borrower-portal/

Borrower portal software Get a free demo Dedicated space for your clients With features like a loan calculator, activity dashboard, SMS and email notifications, and integrated KYC, the Borrower Portal streamlines loan application processes for an efficient and user-friendly lending experience. Fully functional channel Personal space for your customers In the client portal software users can apply for loans, monitor the status of their applications, track active and repaid loans. The portal settings are flexible and can be adjusted according to the lender’s business model. Loan calculator The calculations automatically consider the interest rates, loan amounts, and loan terms for several loan products. Loan calculator The calculations automatically consider the interest rates, loan amounts, and loan terms for several loan products. Borrower profile Borrowers can view and update their personal information when needed for a faster loan application process. Activity dashboard The client portal software functionality includes a convenient dashboard that lists all possible actions for a user in one place. Intuitive application flow The system covers the entire loan application process online: from filling out the forms all the way to digital KYC service and online document signing. Loan applications and loans Borrowers can view their loan applications and cancel them, check loan status, repayments, and amortization schedule. SMS and email notifications The Borrower portal functionality includes a convenient dashboard that lists all possible actions for a user in one place. Customer-centered lending A single portal for all lending operations Loan application in a few clicks Tech-advanced KYC Applications...

---

### Back Office

> Improve every Back Office operation by integrating HES LoanBox into your lending process. Automate all steps of lending and boost your performance.

- Published: 2022-03-21
- Modified: 2025-05-24
- URL: https://hesfintech.com/platform/back-office/

Back office finance software Get a free demo The core of your lending business Simple and powerful HES FinTech develops complete loan management software that increases efficiency and drives all-around automation for financial service companies. To create HES LoanBox, we combined our domain knowledge in lending software development for financial service providers and created a comprehensive combo of modules meeting the business processes in full. Loan application management End-to-end digital process includes verification, scoring, underwriting, supports a four-eye check, and allows accessing borrowers’ data and loan history. Loan application management End-to-end digital process includes verification, scoring, underwriting, supports a four-eye check, and allows accessing borrowers’ data and loan history. Loan management Easy access to loan attributes and parameters, related transactions, and dynamic amortization schedules with repayments, interest accruals with back office finance software. Transactions List of disbursements and payments with complete data entered manually or received from a payment provider. Automatic disbursements, direct debit, and integration with payment providers. Task management dashboard Comprehensive and intuitive dashboard with lists of tasks assigned to users according to their roles. Automated decision-making Automatically approve or decline loan applications with financial back office software according to predefined criteria. Reduces human risks and helps cut costs. Automated decision-making Automatically approve or decline loan applications with financial back office software according to predefined criteria. Reduces human risks and helps cut costs. Calculation and product engines Easy-to-use calculation notation instead of static code. HES LoanBox back office software helps create new loan products in a few clicks...

---

### Platform

> Automate your financial business with HES LoanBox lending platform just in 3 months ✔️ End-to-end automation ✔️ White-label loan solution. Get a free trial

- Published: 2022-03-21
- Modified: 2025-06-18
- URL: https://hesfintech.com/platform/

HES LoanBox Ready-made lending platform Get a free demo Try HES LoanBox lending platform to expedite your workflow and ensure the fastest ROI Digital loan origination Flexible loan servicing options Automated underwriting New One-roof loan management HES LoanBox includes White-label lending platform Offer your borrowers the convenience of applying for loans online. Integrate a user-friendly loan calculator and display your loan terms to attract more potential clients. With a responsive landing page, customers can access it effortlessly from any device, ensuring a seamless omnichannel experience. Learn more Your branded mobile app Empower your clients to have control over their active loans and new applications with a powerful mobile app. Introduce your lending platform on App Store and Google Play, captivating customers and encouraging them to conveniently monitor payment schedules through the app. Know Your Customer HES LoanBox uses a KYC plugin and biometric authentication to identify borrowers. The verification process takes only 30 seconds, enabling you to maintain the utmost security while expediting the underwriting procedures for your business. Loan origination software Applications Active loan Borrower profile Activities dashboard Offer borrowers a dedicated online portal. In their personal space, clients can effortlessly apply for new loans, track the approval journey, and securely upload essential documents—all without the need to step into your physical office. Efficient SaaS loan origination software saves time for your credit officers and elevates customer satisfaction. Learn more Active loan Approved loan customers can easily keep tabs on their payment schedules, credit terms, and remaining balances right...

---

### Lending Software UAE

> HES FinTech helps lenders start a new line of business in the UAE ➤ Tailor-made loan management software ✔ Automatic workflows & AI scoring

- Published: 2021-03-24
- Modified: 2025-03-12
- URL: https://hesfintech.com/lending-software-uae/

Loan management software in the United Arab Emirates Book a consultation Get a consultation Launch your new lending business in UAE effectively with turnkey loan management software. End-to-end automation and AI scoring Solution includes Loan origination software Loan servicing software Lending Software Solution HES Core with 20+ modules Onboarding Borrower portal + APIs Back office Under the hood Loan origination module Automate customer onboarding and account opening across multiple channels. Run a feature-rich customer portal and personal area. KYC and credit scoring Automate KYC/AML and ID checks. Have your in-house decision-making process, utilize AI capabilities, or integrate with 3rd party providers. Product engine Launch numerous unique product types and comply with the legislation changes. Full configuration of the product, including repayment period, rates, penalties. Document management Automate document management, generate invoices and repayment receipts, bring in e-signatures. and much more Debt collection Set and deploy a collection strategy. Automatically manage overdue loans (check status, notify, etc). Generate notifications and letters. 100+ integrations Integrated with existing software as well as external parties like credit bureaus, AML or KYC, payment systems, BI solutions, accounting systems, and more. Security Settings Configure levels of access. Assign permissions to users, set up authorization to access the system, leverage a password policy. Get a free demo Easy integrations Our clients Loan software for banks and SME lenders in the UAE Lending software by HES FinTech covers end-to-end functionality, from origination to servicing and collections. Modular architecture. A Java tech stack. AI credit scoring. Traditional and digital-only...

---

### Lending Software Bahrain

> HES FinTech helps lenders start a new line of business in Bahrain ➤ Tailor-made loan management software ✔ Automatic workflows & AI scoring

- Published: 2021-03-24
- Modified: 2025-03-12
- URL: https://hesfintech.com/lending-software-bahrain/

Lending software in Bahrain Book a consultation Get a consultation Start a new line of business in Bahrain with tailor-made loan management software. All-round automation and AI scoring Solution includes Loan origination software Loan servicing software Lending Software HES Core with 20+ modules Onboarding Borrower portal Back office Under the hood Credit scoring and KYC Enrich your lending system with an AI-equipped risk management plugin. Experiment with onboarding using a multichannel module. Automate each step of the lending management process to cut manual errors. Origination module Automate customer onboarding and account opening across multiple channels. Run a feature-rich customer portal and personal area. 100+ integrations HES software can be integrated with any credit bureau, KYC/AML, payment and notification providers, accounting systems, BI solutions. Product engine Launch numerous unique product types and comply with the legislation changes. Full configuration of the product, including repayment period, rates, penalties. and much more Debt collection Automate and optimize collection operations. Sophisticated and flexible soft, hard or legal collection features, pre-collection. Document management Automate document management, generate invoices and repayment receipts, bring in e-signatures. Security settings HES software is built on reliable and leading technologies, which adhere to enterprise-level security standards. GDPR compliance. ISO 27001 certified. Get a free demo Easy integrations Our clients Loan software for banks and alternative lenders in Bahrain The fusion of modules and a highly configurable HES Core™ bring flexibility and speed to your business. Modular architecture. A Java tech stack. AI credit scoring. Traditional and digital-only banks Consumer and...

---

### Lending Software Saudi Arabia

> Discover the benefits of HES LoanBox: a cloud-based, AI-powered, and fully compliant loan management software in Saudi Arabia that covers every aspect of loan management.

- Published: 2021-03-24
- Modified: 2025-05-24
- URL: https://hesfintech.com/lending-software-saudi-arabia/

Loan management software in Saudi Arabia Grow your business with fully digital, 100% automated, AI-powered, and secure operations that comply with SAMA regulations and Islamic finance rules. Get a free demo Trusted by Middle Eastern businesses Digital lending ecosystem for today’s banks and lenders HES LoanBox is a fully Shariah-compliant, AI-powered loan management system that covers every aspect of loan origination, management, and servicing. As a cloud-native and locally hosted tool, HES LoanBox enables banks and alternative lenders to conduct their lending business more effectively – faster, more securely, and with greater automation. This reduces NPLs and drives increased revenue. Drive profit with AI-driven lending system GiniMachine is a no-code AI tool that employs machine learning algorithms to analyze borrowers' data, including alternative data, and provide lenders with insights into their behavior. Seamlessly integrated within HES LoanBox, it eliminates guesswork from decision-making, enabling informed, data-driven choices. HES LoanBox overview Transform your lending operations Our software revolutionizes lending by enabling end-to-end digital loan management – from origination through servicing – on any device, at any time. Comply with SAMA regulations HES LoanBox is a maturity-level-3 software designed to meet Saudi ethical standards and regulatory requirements at all levels, including local data storage with ORACLE. Saudi-ready lending software Our loan management system features direct connections to regional banking systems and local service platforms, which enhance operational efficiency and ensure compliance. White-label landing page Choose your own design for a user-friendly loan website enhances user engagement and boosts application numbers. Simplify your customers'...

---

### Smart Finance

> Check out the case study of a successful loan automation software upgrade to a comprehensive front-to-back platform for online microfinance lending

- Published: 2021-02-04
- Modified: 2025-01-03
- URL: https://hesfintech.com/clients/smart-finance/

CashU success story A platform for a large microfinance company offering instant payday loans CashU (Smart Finance) was aiming to develop an end-to-end lending platform with an online customer acquisition channel for their PayDay loan services. The priorities included fast time-to-market, a structured and convenient UI/UX, and a high level of automation. Founded in 2015 Markets Kazakhstan Team Size 35 Type PDL Web site cashu. kz HES FinTech allowed us to automate the entire lending process as efficiently as possible: from tracking leads and submitting applications, to working with overdue debts. Also, thanks to the technological solutions of the HES team, we were able to significantly improve the customer experience and create a stable competitive advantage. Aliya Akchurina, CEO at Smart Finance Challenge End-to-end lending platform development Smart Finance was searching for a new reliable financial software vendor, able to provide end-to-end development of an online lending platform. The company decided to change its technical partner due to a prolonged time-to-market and lack of opportunity to work with the source code. Along with the fast product launch, the key task for HES FinTech was to build an outstanding user experience, fast and seamless client onboarding, automated scoring and approval, issuing a loan for approved customers in a few hours. The project started at the very beginning of the pandemic, which was an additional challenge for everyone. Approach PayDay loan automation by credit scoring algorithms The business analysts collected a set of requirements and to plan out a platform, which automates...

---

### Digital Transformation Consulting

> HES FinTech helps traditional lenders, banks, and credit unions to prepare for and leverage digital transformation. Learn more about digital transformation in your lending business.

- Published: 2020-10-02
- Modified: 2025-03-15
- URL: https://hesfintech.com/digital-transformation-consulting/

Digital transformation consulting for lenders Book a consultation Get a consultation Digital economy, automation and emerging technology are changing the lending industry. We provide digital transformation consulting services to ensure seamless transition for financial business. Digital lending software Borrowers can fill out forms on the desktop, upload images from their mobile devices, and proceed with the desktop again Risk management Mitigate risks by implementing approved turnkey solution with automated decision-making and AI-driven scoring features Tech consulting Get professional digital transformation technology consulting from a team of business analysts to provide your business with a complete set of necessary solutions Integration consulting Learn how to manage third-party integrations and add-ons to enhance performance and achieve cost-effectiveness of financial software Market entry consulting Benefit from the experience of competent specialists and successfully enter the market, avoiding miscalculations and pitfalls with digital transformation strategy consulting Digital-first banking and lending Our clients Traditional and digital-only banks Consumer and commercial lenders Brokerage and leasing companies P2P/POS lenders and marketplaces Microfinance and PDL lenders Credit unions HES FinTech draws on deep expertise across banking and lending to help financial players reimagine their tech approach, find innovative ways to optimize processes, reduce back-office costs, and quickly adapt to competitive and regulatory landscapes. No matter how complex your business questions, we can deliver the answers you need to move forward. From the go-to-market expertise to tech infrastructure transformation, we provide digital transformation management consulting to cover it all. Success stories Scalable end-to-end lending solution 3-4 months time-to-market A...

---

### Lending Software UK

> HES LoanBox is the end-to-end lending management software for alternative lenders and banks | Cloud-based | AI-powered | Tailored for the UK market | 3-month TTM

- Published: 2020-08-05
- Modified: 2025-05-24
- URL: https://hesfintech.com/lending-software-uk/

Loan management software in United Kingdom Maximise efficiency and security in your operations with our fully automated, AI-powered digital solution. Get a free demo Trusted by lenders worldwide Digital lending ecosystemfor banks and alternative lenders HES LoanBox is an advanced AI-powered, cloud-based loan management software covering all aspects of loan management: from origination to debt collection. Designed for banks, alternative lenders, and financial institutions in the UK, it helps conduct lending more effectively – faster, more securely, and with greater automation, reducing NPLs and increasing revenue. Lending software powered by AI GiniMachine is a no-code AI tool that utilises machine learning algorithms to analyse borrowers' data and provide you with insights into their behaviour. Integrated within HES LoanBox, it helps lenders make informed, data-driven decisions. HES LoanBox overview Complete loan management system The only loan management software you'll ever need, offering a suite of features and integrations for all your lending operations. White-label landing page Customise your loan website design to create a user-friendly experience that enhances engagement and increases application numbers. Streamline your customers' loan experience Offer borrowers a personalised space where they can manage every aspect of their loan journey – from application to digital KYC verification. Centralise all your lending operations Enhance your efficiency with our API-rich Back Office, featuring comprehensive loan products, real-time data, amortisation schedules, automated calculations, and all the tools necessary to expand your business. Unleash AI for credit scoring GiniMachine analyses complex data patterns to improve the accuracy of credit decisions, decrease NPLs,...

---

### Lending Software Canada

> Maximise revenue, leverage AI, automate lending workflows, and provide exceptional borrower experience | Launch loan software in 3 months | Tailored to the Canadian market

- Published: 2020-08-05
- Modified: 2025-05-24
- URL: https://hesfintech.com/lending-software-canada/

Loan management software in Canada Expand your business with an AI-driven, secure, fully digital, and completely automated solution. Get a free demo Trusted by lenders across the world Digital lending platform for banks and alternative lenders HES LoanBox is an advanced, AI-driven, cloud-based platform designed to streamline every phase of loan management, from origination to collection. Tailored for Canadian banks, alternative lenders, and financial institutions, it enhances efficiency, boosts security, and automates processes, leading to reduced non-performing loans and increased profitability. AI-powered lending system GiniMachine is a no-code AI tool that uses machine learning algorithms to assess borrowers' data and offer lenders insights into their behaviour. Seamlessly integrated with HES LoanBox, it takes the guesswork out of decision-making, enabling informed, data-driven choices. HES LoanBox overview All-in-one loan management system The ultimate loan management software, equipped with a comprehensive set of features and seamless integrations to support all your lending operations. Custom loan website design Design your loan website with customisable features to create a user-friendly experience that boosts engagement and increases application rates. Personalised loan management portal Empower borrowers with a custom space to oversee their entire loan process, from application to verification. Unified lending operations hub Boost your efficiency with our API-rich Back Office, offering comprehensive loan products, real-time data, amortisation schedules, automated calculations, and all the tools needed to grow your business. AI-powered credit scoring GiniMachine utilises advanced AI to analyse complex data patterns, enhancing the accuracy of credit decisions, reducing NPLs, and delivering more reliable credit assessments....

---

### Lending Software Australia

> Optimize your loan processes in Australia with our all-in-one lending management software. Reduce NPLs, maximize portfolio, and enhance customer satisfaction.

- Published: 2020-08-05
- Modified: 2025-05-24
- URL: https://hesfintech.com/lending-software-australia/

Loan management software in Australia Maximize your loan portfolio, reduce NPL rates, automate processes, and make loan management transparent with HES LoanBox. Get a free demo Trusted by global businesses Digital lending software for banks and alternative lenders HES LoanBox is an AI-powered loan management system that covers every aspect of loan origination, management, and servicing. Designed to meet Australian regulatory standards, HES LoanBox enables banks and alternative lenders to streamline their lending operations with increased speed, security, and automation. Our solution reduces NPL rate, drives increased revenue, and helps financial institutions serve their customers more effectively and efficiently. Maximize performance with AI-driven system GiniMachine is a no-code AI tool that extracts insights into borrowers' behavior using machine learning algorithms. Integrated within HES LoanBox, it eliminates guesswork from decision-making, enabling lenders to make informed, data-driven choices with confidence. HES LoanBox overview Lending management software Our software is the go-to option for banks and alternative lenders aspiring to efficient, data-driven, digital loan management – from origination through servicing. Customizable landing page Create an intuitive loan website to increase engagement and drive more applications using customizable white-label solutions. Make your customers' loan process easier Provide a personal space where borrowers can manage every aspect of their loan journey – from application to repayment. Centralize all lending operations Streamline your operations with our API-rich Back Office, providing comprehensive loan products, real-time data, amortization schedules, automated calculations, and everything else needed to grow your business. Reduce risk with AI-powered credit scoring Leverage GiniMachine to...

---

### Lending Software Philippines

> Transform your lending business in the Philippines with an AI-powered loan management system. HES LoanBox is a secure, fully digital, and completely automated solution.

- Published: 2020-07-27
- Modified: 2025-05-24
- URL: https://hesfintech.com/lending-software-philippines/

Loan management system in Philippines Grow your business with an end-to-end online lending system compliant with regulatory standards. Get a free demo Empowering lenders worldwide Digital lending software for banks and alternative lenders HES LoanBox is a cloud-based loan management system designed to streamline and automate the entire lending process for banks, alternative lenders, and other financial institutions. It covers the complete lending workflow, from origination to collection. Our loan management software can be integrated with existing systems or serve as the foundation for new business processes. Maximize revenue with AI-powered lending system GiniMachine is a no-code AI solution that harnesses machine learning to analyze borrower data and provide lenders with insights into their behavior. Seamlessly integrated into HES LoanBox, it removes uncertainty from decision-making and supports data-driven decisions. Discover HES LoanBox Take your business to the next level Streamline processes from application to repayment, reduce manual tasks, and enhance customer satisfaction. Customizable loan website Create a unique and user-friendly loan website tailored to your needs. Our white-label solution offers a seamless online experience, enhances user engagement, and increases loan applications. Personalized Borrower Portal Give your borrowers a dedicated space to manage their loan journey. From easy applications to quick digital KYC verification, streamline every step for a hassle-free experience. Unified lending operations Simplify your lending process with our feature-rich Back Office. Access loan products, real-time data, amortization schedules, and automated calculations, all designed to expand your business. AI-driven credit scoring Reduce the risk of NPLs and ensure reliable credit...

---

### Lending Software Malaysia

> HES FinTech helps lenders start a new line of business in Malaysia ➤ Tailor-made loan management software ✔ Automatic workflows & AI scoring

- Published: 2020-07-27
- Modified: 2025-03-12
- URL: https://hesfintech.com/lending-software-malaysia/

Loan management software in Malaysia Book a consultation Get a consultation Start a new line of business in Malaysia with tailor-made loan management software. End-to-end automation and AI scoring Solution includes Loan origination software Loan servicing software Lending Software HES Core with 20+ modules Onboarding Borrower portal Back office Under the hood Credit scoring and KYC Automate KYC/AML and ID checks. Have your in-house decision-making process, utilize AI capabilities, or integrate with the 3rd party providers. Origination module Automate customer onboarding and account opening across multiple channels. Run a feature-rich customer portal and personal area. Statistics and reporting Take advantage of the data visualization tools. Customize performance and service dashboards. Configure new reports or modify existing ones. Product engine Launch numerous unique product types and comply with the legislation changes. Configuration of the product, including repayment period, rates, penalties. and much more Debt collection Set and deploy a collection strategy. Automatically manage overdue loans (check status, notify, etc). Generate notifications and letters. Document management Automate document management, generate invoices and repayment receipts, bring in e-signatures. Security settings Configure levels of access. Assign permissions to users, set up authorization to access the system, leverage a password policy. Get a free demo Easy integrations Our clients Loan software for banks and SME lenders in Malaysia Lending software by HES FinTech covers end-to-end functionality, from origination to servicing and collections. Modular architecture. A Java tech stack. AI credit scoring. Traditional and digital-only banks Consumer and commercial lenders Brokerage and leasing companies P2P/POS lenders...

---

### Lending Software Indonesia

> HES FinTech helps lenders start a new line of business in Indonesia ➤ Tailor-made loan management software ✔ Automatic workflows & AI scoring

- Published: 2020-07-27
- Modified: 2025-03-12
- URL: https://hesfintech.com/lending-software-indonesia/

Loan management software in Indonesia Book a consultation Get a consultation Get a fully customizable loan management system ready to deploy in 90 days. End-to-end automation and AI scoring Solution includes Loan origination software Loan servicing software Lending Software HES Core with 20+ modules Onboarding Borrower portal Back office Under the hood Credit scoring and KYC Automate KYC/AML and ID checks. Have your in-house decision-making process, utilize AI capabilities, or integrate with the 3rd party providers. Origination module Automate customer onboarding and account opening across multiple channels. Run a feature-rich customer portal and personal area. Statistics and reporting Take advantage of the data visualization tools. Customize performance and service dashboards. Configure new reports or modify existing ones. Product engine Launch numerous unique product types and comply with the legislation changes. Configuration of the product, including repayment period, rates, penalties. and much more Debt collection Set and deploy a collection strategy. Automatically manage overdue loans (check status, notify, etc). Generate notifications and letters. Document management Automate document management, generate invoices and repayment receipts, bring in e-signatures. Security settings Configure levels of access. Assign permissions to users, set up authorization to access the system, leverage a password policy. Get a free demo Easy integrations Our clients Loan software for banks and SME lenders in Indonesia Achieve game-changing agility with the latest technology stack. The fusion of modules and a configurable HES Core™ bring flexibility to your business. Modular architecture. A Java tech stack. AI credit scoring. Traditional and digital-only banks Consumer and...

---

### Lending Software Vietnam

> HES FinTech helps lenders start a new line of business in Vietnam ➤ Tailor-made loan management software ✔ Automatic workflows & AI scoring

- Published: 2020-07-27
- Modified: 2025-03-12
- URL: https://hesfintech.com/lending-software-vietnam/

Lending software in Vietnam Book a consultation Get a consultation Boost your lending business in Vietnam with end-to-end loan management software. HES Core covers it all, from origination to servicing and collections. Solution includes Loan origination software Loan servicing software Lending Software HES Core with 20+ modules Landing page Borrower portal + Apps Back office Under the hood Origination Module Automate customer onboarding and account opening across multiple channels. Run a feature-rich customer portal and personal area. KYC and Credit Scoring Automate KYC/AML and ID checks. Have your in-house decision-making process, utilize AI capabilities, or integrate with 3rd party providers. Product Engine Launch numerous unique product types and comply with the legislation changes. Full configuration of the product, including repayment period, rates, penalties. Document Management Automate document management, generate invoices and repayment receipts, bring in e-signatures. and much more Debt collection Take advantage of the data visualization tools. Customize performance and service dashboards. Configure new reports or modify existing ones. 100+ Integrations Integrated with existing software as well as external parties like credit bureaus, AML or KYC, payment systems, BI solutions, accounting systems, and more. Security settings Configure levels of access. Assign permissions to users, set up authorization to access the system, leverage a password policy. Get a free demo Easy integrations Our clients Loan software for banks and SME lenders in Vietnam Scalable software built on the latest tech stack. Flexible lending solution easily adjustable for your business needs. Modular architecture. A Java tech stack. AI credit scoring. Traditional...

---

### Factoring Software

> Invoice factoring software solution for a streamlined workflow. HES FinTech develops superior factoring software and drives clients to the market in 90 days.

- Published: 2020-07-14
- Modified: 2025-05-24
- URL: https://hesfintech.com/factoring-software/

Factoring platform for immediate financing Get a quote Customizable factoring solution that benefits all parties Supplier A factoring origination system provides omnichannel online registration. Suppliers can submit invoices online, generate reports on commissions and funding received, and securely store electronic documents in their personal accounts. Factor A factor can automatically build scoring models based on historical data, enabling data-driven decisions. The system provides end-to-end coverage of the factoring process: from supplier onboarding, loan origination, and decision-making to disbursement, calculation, and loan closure. Debtor Under open factoring, a debtor may confirm the validity of a transaction through invoice verification. The debtor can be granted limited access to the list of invoices submitted to the factor by the supplier. Supplier onboarding Digital factoring platform Custom white-label factoring solution with omnichannel KYB verification. HES FinTech can develop a tailored platform for your business, allowing suppliers to start registration on one device and continue on another. Get quick access to receivables status, add invoices on the go, and more – all designed specifically for your needs. Sign documents electronically Securely store and share financial information with a simple, paperless interface. Factoring finance software can include built-in electronic signature capabilities. Enable fully digital e-signature and approval workflows for both your team and borrowers. Inquiry processing Invoice factoring origination system Automated factoring invoice underwriting Make immediate data-driven decisions. The factoring software solution can include an AI scoring system to identify potentially profitable deals based on historical business data. Avoid biases and human errors with automated borrower...

---

### Mortgage Loan Software

> Discover the ultimate mortgage loan origination and servicing platform designed to simplify the entire mortgage process, from application to closing. Tailored implementation within 3 months.

- Published: 2020-07-14
- Modified: 2025-05-24
- URL: https://hesfintech.com/mortgage-loan-software/

Mortgage lending software Get a free demo Launch mortgage servicing software in 3 months Solution includes Landing Page Borrower Portal Agent Portal Back Office Smart scoring system Ready mortgage loan software Fully automated decision-making White-label design User-friendly application process Elevate collaboration Digital onboarding Intuitive mortgage lending system Landing Page API for your website Active plugin Integrate the Borrower Portal with your website. Allow your clients to see the available loan products Seamless application flow Allow your customers the flexibility to apply for a loan through any channel, using any device — from PC to smartphone — and even switch devices mid-process. The mortgage LOS software by HES FinTech enables seamless and paperless onboarding. Cross-channel mortgage loan origination software Let customers use any channel to apply for the loan. Mortgage loan origination software by HES allows your clients to fill out the loan request form using one device: from PC to smartphone, and proceed on another one. Seamless and paperless onboarding with mortgage software build a major competitive advantage for you. Customizable application flow Our system analysts will assist in configuring the HES mortgage loan servicing software, guiding you through setting up a step-by-step onboarding process. KYC for mortgage origination software Software for mortgage loan processing brings safe and secure experience by implementing KYC verification. Approve user identity within seconds and protect your business from fraud. Borrower Portal Effortless loan tracking Active loan Application flow Activities dashboard Functional broker’s space A fully functional user profile allows your customers to save their...

---

### Lease Management Software

> White-label leasing software by HES FinTech automates the entire leasing process. Develop a leasing management solution and grow your customer portfolio.

- Published: 2020-07-02
- Modified: 2025-05-24
- URL: https://hesfintech.com/lease-management-software/

Leasing management software Get a free demo Get customized leasing management software ready in 90 days Dealer Stay in touch with your dealers and create smooth communication with them using advanced leasing administration software. Lender Automate routine lending processes with leasing tracking software and spend more time focusing on business development and more challenging tasks. Borrower Attract more leads with the help of a user-friendly digital leasing platform. Ad-hoc leasing solution Online onboarding Landing page API for your website KYC Protect your business from money laundering without losing conversions. Integration with the KYC provider runs security scans and verifies users' identities in seconds. Open Banking Level up your risk management system by connecting your commercial leasing software solution with open banking. Get more information about your potential clients to get a deeper understanding of their financial behavior. Electronic signature Reduce the amount of paperwork and the number of borrower visits to your office by implementing an electronic signature feature that allows signing most of the documents electronically while keeping the process secure. Leasing management system Create a seamless application flow that leads potential clients through the leasing process step-by-step. Gather all the necessary information without losing any conversion with smart leasing administration software. Offline onboarding Borrowers can fill out forms and upload images using any convenient device. The leasing system software sends notifications via SMS/email and can save partially completed forms. Agent portal Manage yours partners network Agent dashboard Here, agents can efficiently invite colleagues using their email addresses, ensuring...

---

### Debt Collection Software

> Debt Collection Management Software by HES FinTech ► Accelerate debt recovery and collection by up to 80% ✔ Empowered by automation and machine learning.

- Published: 2020-07-02
- Modified: 2025-05-24
- URL: https://hesfintech.com/debt-collection-software/

Automated debt collection software Get a free demo The ultimate software for debt collection, suitable for any lending or collection business, from startups to enterprises Smart collection Launch in 3 months Custom data-based workflows AI collection scoring and analytics Integrations Credit collection software Keep all borrower data at your fingertips Digital debt collection automates most manual tasks: allows contacting delinquent borrowers via multiple channels, creating, managing, and sending documents, and controlling team performance. The collections process and automated debt collection technology allows granting multi-tier rights and permissions to users to make the interface more straightforward and protect the system. Digital debt collection Automated and easy-to-use Debt collection management software boosts operational effectiveness and helps cut costs: no matter if the collection activities are performed in-house or partially outsourced to collection agencies. Clear interface, editable templates, and all of the necessary functionality to work with overdue debts. End-to-end or partial automation The functionality of HES FinTech digital debt collection platform covers debt collection end-to-end or may cover only selected business processes. The configurable workflows Reporting Understand your accounts receivable In-built AI/ML collection scoring Enhance a debt management platform with GiniMachine decision-making platform powered by your data and AI. Use it for prioritization and selecting effective communication channels. Custom dashboards and reports Get a full picture of your key business metrics anytime by having comprehensive analytics at hand. No fluff, just necessary data in a readable form with easy access, import and export. For any financial institution SME Banks Debt collection software...

---

### Lending Software Development

> Full-cycle lending software development for all types of lenders ► Peer-to-peer (P2P) Lending ✔ SME ✔ Consumer ► HES FinTech

- Published: 2020-06-25
- Modified: 2025-03-15
- URL: https://hesfintech.com/lending-software-development/

Lending software development Book a consultation Get a consultation Total digitalization of loan management becomes a key to success on fast-changing financial market. We provide top-notch lending software development to meet your business needs and ensure seamless customer experience. BA & сonsultancy We help clients launch projects on time and budget, and up to specifications. Request an estimate Design Our design team relies on platform-focused standards of lending software development and a deep understanding of your objectives. Request a design Development We build high-performing and secure lending platforms that are focused on automation and seamless performance. Request an estimate Quality assurance and DevOps The team of HES Fintech applies comprehensive QA and debugging procedures. Request an estimate Enjoy a highly customizable solution ready to launch in 90 days Our clients Traditional and digital-only banks Consumer and commercial lenders Brokerage and leasing companies P2P/POS lenders and marketplaces Microfinance and PDL lenders Credit unions Since 2012, HES Fintech has been converting ideas to robust lending software solutions. We provide all-round loan management software development tailored exactly to your business needs. Success stories Deep fintech expertise along with the latest tech stack under the hood empowers us to perform loan origination software development of any complexity. From lending automation platforms to financial advisory systems, we cover it all. Technology architecture overview Powerful backend tools HES utilizes a Java technology stack, including Java 21, Spring, PostgreSQL. The architecture is based on FOSS technologies with no licensing fees, except for the platform’s source code. Technology...

---

### Partnership

> Join 30+ leaders in the HES FinTech partnership program. Become a consulting or fintech partner in the USA, UK, Canada, Saudi Arabia, or anywhere in the world!

- Published: 2020-06-18
- Modified: 2025-05-14
- URL: https://hesfintech.com/partnership/

Join the community of HES FinTech partners Become a partner For businesses and individual consultants Flexible partnering models Co-branding, PR activities and full support Up to 50% commission rates Learn more about our partner program Download the brochure Our clients Off-the-shelf global lending software All-in-one HES FinTech lending software for financial institutions in the UK, USA, Canada, Saudi Arabia, Philippines, Vietnam, and Nigeria to cover loan lifecycle. Traditional and digital-only banks Consumer and commercial lenders Brokerage and leasing companies P2P/POS lenders and marketplaces Microfinance and PDL lenders Credit unions Strategic partners TPIsoftware Innovative enterprise software provider, specializing in secure integration middleware and API management for software innovation. Saudi AZM Software development, IT consulting, and research services to enhance quality of life with technology solutions in the Kingdom of Saudi Arabia. ThitsaWorks ThitsaWorks delivers open‑source core banking, payments, and credit‑information solutions that empower MFIs in Southeast Asia. Scoreplex Scoreplex unlocks alternative‑data intelligence for credit scoring and fraud prevention, analyzing digital footprints from 140+ open sources. Technology partners Ways to partner Choose the paths that fit your business. Sell, deploy, and build custom solutions with complementary programs — all designed with you in mind. Referral partner Our consulting partners are either companies or individuals who detect the opportunity to offer HES Fintech’s solutions to their client base. Consulting partners include consultancies, agencies, and value added resellers. Sales partner Fintech business partner adds value by providing supportive pieces of technology natively integrated with HES to strengthen lending projects for our clients. Technology partners...

---

### PayDay Loan Software

> Discover advanced PayDay lending software that streamlines loan processing and boosts your market reach. HES FinTech proudly delivers end-to-end automated solutions for modern businesses.

- Published: 2020-06-01
- Modified: 2025-05-24
- URL: https://hesfintech.com/payday-loan-software/

PayDay loan software Get a free demo Approve loans faster, scale your business with confidence, and reduce NPL rates with our PayDay loan software Complete automation AI-powered collection strategies Flexible calculation options Scalable lending system Digital onboarding From browsing to applying in minutes Landing Page Agent Portal Make that first impression count. Tailor your landing page to communicate loan terms and calculations clearly. Leads are directed to the Borrower Portal to complete and submit their loan applications. KYC Protect your business from fraud with instant identity verification. Match user data with document photos to ensure secure and compliant onboarding. . Borrower profile Simplify borrower management with a secure profile system. Reuse saved data for future applications, authentication powered by KeyCloak. Loan origination Self-service space for borrowers Application flow Borrower profile Decision-making This is where leads turn into borrowers. Prospective clients can submit essential details, such as bank account information, employment records, and ID documents. All data is securely stored and readily accessible to loan officers, while borrowers can save their progress and return at any time, from any device, to complete their application forms. Learn more Optimize your lending workflow Open banking Gain direct access to real-time financial data, including account balances, transaction history, and income verification. Use this information to personalize loan products, streamline workflows, and build a more profitable portfolio. Digital document management Eliminate paperwork and streamline the lending process for your team and borrowers with our intuitive e-signature feature. Our payday loan software securely stores sensitive data...

---

### Ta Meri Finance

> A brand by Ta Meri Finance, Luxury Cars Club and Financing is a premium-class car leasing platform that offers financing, insurance, and financial advisory services.

- Published: 2020-06-01
- Modified: 2025-01-10
- URL: https://hesfintech.com/clients/ta-meri-finance/

Ta Meri Finance success story A full-featured platform for automating car financing Ta Meri Finance sell luxury cars of all major automobile brands available in Cyprus or ordered from abroad. The customers can choose any car priced from low value to over €60. 000 from any of our partners, car dealers, around Cyprus or authorized dealer abroad. Founded in 2002 Markets Cyprus Team Size 80 Type Auto lending Web site tamerifinance. com We have chosen HES FinTech as a finance IT provider for several reasons. First, the company has expertise in international financial markets. Second, HES LoanBox is very flexible and easy to use, supporting our partner shops. Roman Vavron, CEO of Ta Meri and Luxury Cars Challenge Get maximum automation of the lending process Ta Meri Finance approached the team of HES FinTech with a unique business idea of providing financing for purchasing luxury cars — the first of its kind in Cyprus. To launch the platform, the client needed a robust lending solution with rich functionality. The defining strategic objective of the project was the maximum automation of the lending process. Approach Using the short iteration method HES FinTech adopted an agile approach, working closely with Ta Meri Finance to align on requirements and priorities. Through iterative development cycles, the team was able to quickly implement essential functionalities and adjust features in response to client feedback. This method allowed HES FinTech to deliver a customized, efficient lending platform within two months, balancing innovation with a rapid time-to-market. 2...

---

### Auto Loan Software

> Our automotive lending software covers every step from loan origination to servicing. HES FinTech provides flexible solutions with automation and customization.

- Published: 2020-05-29
- Modified: 2025-05-24
- URL: https://hesfintech.com/auto-loan-software/

Auto finance software Get a free demo Get auto loan management software ready to launch in 3 months Solution includes Landing Page Borrower Portal Agent Portal Back Office Ready-made auto finance solution Intuitive application flow Paperless document management Pre-built integrations AI-powered credit scoring Elevate collaboration Digital onboarding Smart auto finance software Landing Page API for your website Omnichannel origination process Allow your customers the flexibility to apply for a loan through any channel, using any device — from PC to smartphone — and even switch devices mid-process. The LOS software by HES FinTech enables seamless and paperless onboarding. Omnichannel auto lending platform Let users reach out using any convenient channel. With the HES auto loan software, users can start filling out the lending request form on their PC and proceed later on a tablet or smartphone. The auto-saving feature allows them to start where they left off, saving all the previously entered information. Know Your Customer Safeguard your financial institution against scammers. Automotive finance software integration with a KYC provider allows you to run verification in seconds without interrupting the applying process. Application flow Build a seamless application flow and maximize conversion rate using pre-build sets of forms. HES FinTech analysts are ready to dive deeper into your business features and help you to adjust auto loan servicing software. Borrower Portal Intuitive auto loan software Active loan Application flow Activities dashboard Borrower Profile HES LoanBox is equipped with the ultimate self-service tools. Customers can save and update their personal information,...

---

### Bank Loan Software

> HES FinTech offers bank loan management software for traditional and alternative service providers. Choose among 20+ modules and create your perfect system.

- Published: 2020-05-29
- Modified: 2025-05-24
- URL: https://hesfintech.com/bank-loan-management-software/

Superior bank loan software Get a free demo Automate and agile your lending process with a bank loan origination software designed by HES. Adjustable platform with 20+ prebuilt modules. AI scoring. Advanced customization and BPM optimization. Flexibility Create products in just a few clicks React to the market changes and build competitive advantages by building loan products and product groups. HES designs bank loan origination software as automated and optimized as possible with no overhead in staff or manual actions. Velocity Rapid bank loan software Automated scoring system HES bank lending software provides unique scorecards for bankers and integrates with credit reference agencies to drop down operating costs, and provide quicker turnaround on decisions. Activity dashboard The Borrower portal functionality within bank lending system creates a convenient workspace with dashboards to cut the loan closing time. Configure your bank loan platform Loan servicing Robust bank loan software for all lending types Feature-rich lending software for banks Task management Granular user roles and models allow effective and secure tasks management in every region or branch. The bank loan platform is seamlessly API integrated with existing core banking software along with external services, like credit bureaus, AML/KYC, payment systems, BI and accounting systems, e-signature, and more. Task management Granular user roles and models allow effective and secure tasks management in every region or branch. The bank loan platform is seamlessly API integrated with existing core banking software along with external services, like credit bureaus, AML/KYC, payment systems, BI and accounting systems, e-signature,...

---

### Merchant Cash Advance Software

> HES delivers merchant cash advance (MCA) loan software for intelligent funding. Streamline cash lending software by booking a live product demo tour.

- Published: 2020-05-29
- Modified: 2025-05-24
- URL: https://hesfintech.com/merchant-cash-advance-software/

Ultimate merchant cash advance software Get a free demo Get merchant cash advance software ready to go in 3 months: Solution includes Landing Page Merchant Portal Back Office Automated disbursements and calculations Client AI-based credit scoring Intelligent debt collection Fully customizable solution Lifetime customer support Onboarding Increase your profit Daily sales The system calculates the amount from every transaction automatically. Registration and security Depending on your needs, the cash advance loan software can include additional steps in the registration process to improve security even more and protect all counterparties. KYB for money lending software Secure your cash advance software by integrating it with the KYB provider and verifying the borrowers’ identity in seconds. Lending origination Implement a smart scoring system Scoring Scoring model The configurable workflows Loan servicing Manage your lending business Loans Loan products Enjoy powerful backend features Batch transactions Save time and money by implementing batch transactions functionality into your cash lending software. Batch transactions Save time and money by implementing batch transactions functionality into your cash lending software. Products Create an unlimited number of flexible lending products via money lender software setting different terms, interest rates, and payment frequencies. Operations Keep an eye on all your operations in one place and track changes to just your business strategy timely. API for your website. Offer your clients a smooth onboarding process by connecting your website with the merchant cash advance platform via API and redirecting them to the needed page directly. and much more Application management Loan processing...

---

### Philippines

> A fast-growing microfinance company sets up a new business unit in the Philippines with HES Fintech

- Published: 2020-04-13
- Modified: 2025-01-03
- URL: https://hesfintech.com/clients/philippines/

Success story from Philippines A fast-growing microfinance company sets up a new business unit A large microlending provider in the APAC region required reboosting of their legacy software for process optimization, faster time-to-decision, and winning a larger market share due to a top-notch technological solution for end-customers. Founded in 2009 Markets Philippines Team Size 110 Type Microfinance Lending Web site Under NDA The major reason to choose HES FinTech is their industry expertise with microlending automation in various markets. We enjoyed the demo, the estimates and the mutual work of our teams. The solution was deployed as expected. Company’s COO Challenge Lending platform as a competitor advantage Due to the growing demand for short-terms loans, the customer was looking for an opportunity to set up a new business unit in the Philippines. There was a need to back up the operational lending business with a new platform, which could provide higher performance and decrease the amount of manual operations. Approach Development with end-user convenience in mind The proposed solution from HES FinTech includes an end-to-end system that automates the workflow from loan origination to servicing. HES LoanBox allows borrowers to apply for a loan online. 2,5 months Time-to-market 60 minutes for a loan decision 35% revenue growth for the first 12 months Result Full automation of verification and underwriting for faster loans Following the deployment of HES LoanBox, we successfully automated manual processes within client verification and underwriting workflows. Decision-making time was reduced to less than 60 minutes, and integration...

---

### EuroGroshi

> HES created an automated lending system, allowing it to issue quick underwriting responses and design customized loyalty programs. ✔ Success Story - EuroGroshi

- Published: 2020-04-08
- Modified: 2025-01-03
- URL: https://hesfintech.com/clients/eurogroshi/

Euro Groshi success story Employing industry best practices to launch a PDL platform in 2. 5 months Find out how the HES MFI solution gives Euro Groshi a competitive edge by allowing it to issue quick underwriting responses. Founded in 2016 Markets Ukraine Team Size 45 Type Microfinance Lending Web site e-groshi. ua It took us 10 weeks to go live and start originating hundreds of quality loans per day. Vladimir Khorvyak, CEO at EuroGroshi Challenge Meet the European money lending standards Euro Groshi needed to implement and comply with European money lending standards. The company was planning to operate online without any physical branches and was looking for a field-proven technology solution for payday loan management . Approach Robust functionality combined with well-though-out UI/UX HES not only fulfilled all functional requirements expected behind the scenes, but also created a comfortable UI experience for Euro Groshi’s clients. Now, HES LoanBox handles multiple loan workflows in a single automated environment. 2. 5 months Time-to-market 30-40% More customers in the first three months 75% of customers apply online Result Online customer acquisition and loan decisions in minutes HES LoanBox gives Euro Groshi a competitive edge by allowing it to make quick underwriting responses and design customized loyalty programs. The credit application process for new customers takes not more than 15 minutes. Repeat customers get loan decisions within 5 to 10 minutes. Application Onboarding Contracts Without any physical branches or servicing locations, Euro Groshi’s efforts are focused on perfecting the online lending experience...

---

### Canada

> Find out how a Canadian lender reduced application processing time from 24 to 4 hours using the HES lending platform.

- Published: 2020-04-08
- Modified: 2025-01-03
- URL: https://hesfintech.com/clients/canada/

Success story from Canada An automated commercial lending platform for one of the largest Canadian financial institutions One of the leading commercial lending provider in Canada has chosen HES for the full update of the legacy lending software. Founded in 2004 Markets Canada Team Size 150 Type Commercial lending Web site Under NDA Challenge Commercial lending powered by effective software Lenders must remain up-to-date with the latest technologies and enhance their product offerings. The company found it complicated to adapt to new requirements with its legacy core system, and decided to upgrade to a more flexible front-to- back lending platform. Approach Introduction of multi-faceted updates The project was divided into two stages: transformation of the current platform to ensure that mission critical operations run smoothly, and extension of functionality with new global components. HES LoanBox empowers the company to streamline its lending workflows and activities by integrating a variety of third-party services and automating a number of manual administrative tasks. 4 months Time-to-market +20% Customer base growth 6x Faster application processing Result Scalable commercial lending platform with rich functionality Since deploying HES LoanBox, the company has achieved greater efficiency and automated mission-critical processes. With a scalable lending platform, the Canadian lender reduced application processing from 24 to 4 hours, and quickly introduced a new product — merchant cash advance. Application Onboarding Contracts After the launch of HES LoanBox, the lender continued working with HES FinTech to support the existing system and create new business lines. Other projects

---

### Idea Bank

> Idea Finance needed a system that would allow for maximum lending platform automation. ✔ Case Study - Idea Bank

- Published: 2020-04-08
- Modified: 2025-01-10
- URL: https://hesfintech.com/clients/ideabank/

Idea Bank success story A comprehensive POS lending platform for one of Poland’s top retail lending providers HES FinTech introduced its fully-functional POS Lending Platform to automate the processing of loan applications and build a better customer experience. Founded in 2009 Markets Poland, EU Team Size 740 Type POS lending HES LoanBox reduced the generation time for each new loan or leasing application by 5x. Vladimir Pilipenko, CEO at IdeaFinance Challenge POS financing deals made easier Idea Bank collaborates with more than 2. 5 thousand retail chains and online stores nationwide to offer consumer lending services. It required a comprehensive system to automate loan application collection and processing for POS consumer financing deals. Approach Fast development of a configurable POS platform In less than 3 months, the HES FinTech team gathered requirements, analyzed and documented business processes and performed customization and implementation of the solution. The system was subsequently introduced to all Idea Bank’s partner retail sites. 3 months Time-to-market 2. 5K of chain stores using the system x5 faster application process Result Fast & automated loan application flow With the implementation of HES LoanBox, IdeaBank reduced application processing time by fivefold. The entire process was automated, requiring no additional checks from personnel, which led to significant operating cost reductions and gave IdeaBank a competitive advantage. Application Onboarding Contracts Main functional capabilities of the implemented solution include: Administrative interface for management of partners, POSs and system users. Multiple loan product support. Multi-step application process. Template-based document generation. Manual and automatic...

---

### Money Man

> Discover the role the loan management platform developed by HES FinTech played in ID Finance's phenomenal success.

- Published: 2020-04-08
- Modified: 2025-01-03
- URL: https://hesfintech.com/clients/moneyman/

ID Finance success story A consumer lending platform for one of the fast-growing fintechs in Europe Learn how MoneyMan launched a microfinance lending business in 7 countries with HES Fintech. Founded in 2012 Markets Spain and EU Team Size 230 Type Consumer lending Web site idfinance. com HES FinTech has been our reliable technology partner since 2012. I believe much of our success is due to the well-architected solution of HES LoanBox. Boris Batine, Co-Founder at ID Finance and CEO at MoneyMan Client overview MoneyMan MoneyMan, part of the ID Finance Group, started in 2012 as a short-term online lending service. Over the years, MoneyMan has played a crucial role in reshaping the lending landscape, particularly in markets with limited access to traditional financial services. As a key brand within ID Finance, a fintech company founded in 2015, MoneyMan operates in multiple countries including Spain, Mexico, and Brazil, addressing a massive demand for accessible credit. Its focus on emerging markets made the company a major player in providing financial solutions to millions of people who lacked access to traditional banking services. Through cutting-edge AI-driven risk management systems and advanced digital solutions, ID Finance processes loan applications in real-time and offers accessible credit products to millions of customers across its markets. Challenge 360-degree microfinance lending automation MoneyMan, an innovative online lender, required a fully-fledged flexible solution to automate the entire microfinance lending process and operating procedures. The system had to be capable of running high-performance scoring models in real-time 24/7. Approach...

---

### Fintuity

> Discover how a platform built on the HES lending core of with artificial intelligence helps Fintuity create investment plans

- Published: 2020-04-08
- Modified: 2025-01-03
- URL: https://hesfintech.com/clients/fintuity/

Fintuity success story A machine learning-powered financial advisory platform for a UK-based company Check out how Fintuity managed to launch an updated fintech platform catering for financial advisory and wealth management. With HES FinTech, it took just 5 months. Founded in 2017 Markets UK Team Size 50 Type Investment Advisory Web site fintuity. com HES FinTech is one of those vendors that offers comprehensive front-to-back solutions with full integrations. We feel confident that our new ML platform will allow us to offer clients best-in-class investment advice services. Edward Downpatrick, Strategy Director at Fintuity Challenge New domain: financial advisory platform development Fintuity was looking for an experienced long-term technological partner to create a flexible hybrid advisory platform that leverages machine learning and human expertise. HES engineers were tasked with implementing an end-to-end system: from web design and a client portal to the core logic and back-office architecture. Approach Using HES LoanBox for automation The delivered solution is a single machine learning-based platform that analyzes data in real-time and automatically creates investment plans. The platform is built on the basis of HES LoanBox: some of the modules were re-used, some of them were built from scratch. 4 months Time-to-market 70-75% Automated processes 10 months Return on investment Result Customized and optimized ML-based advisory platform ready for market challenges The solution is based on modular architecture and comprises the following elements: Roles and permissions for managing system users (IFAs, system administrators, assistants, support specialists) Advanced system configuration including security and calculator base settings,...

---

### ATM Online

> HES FinTech has developed a full-cycle microfinance lending platform for a client from Vietnam - ATM Online. Learn more about the credit platform developed at HES FinTech

- Published: 2020-04-08
- Modified: 2025-01-03
- URL: https://hesfintech.com/clients/atm-online/

ATM Online success story An online lending platform that offers instant loans in Vietnam Discover how ATM Online has entered the Vietnamese market in 4 months with the help of HES LoanBox, an end-to-end lending platform. Founded in 2017 Markets Vietnam Team Size 45 Type Consumer lending Web site atm-online. vn HES LoanBox is the end-to-end lending platform that covers the entire business process—from customer onboarding and credit calculation to underwriting, with varying levels of automation. It has been incredibly valuable for us! Hai Do, CFO at ATM Online Challenge End-to-end automated lending process The client needed a flexible lending solution to take their business online. Following a requirement analysis, the HES FinTech team created a full-circle loan platform that fully automates the microfinance lending process and provides integrations with third-party payment systems. Approach Business analysis followed by development The outcome of the project is a robust loan management platform that allows borrowers to register and apply for a loan via mobile phone, access their application/loan data, and receive money on a bank account within 5 minutes. The solution processes borrowers’ loan applications from the initial step until the full reimbursement. 4 months Time-to-market 80% faster decisions due to a custom decision-making system 6% Increase in applications Result ATM Online outperformed a bunch of competitors in the Vietnamese market and demonstrates impressive business results HES LoanBox helped the client to scale up and offer loans to an increasing customer database. Now, ATM Online is one of the leading consumer lending...

---

### Clients

> HES FinTech is trusted by 87 customers in 23 countries worldwide. ✔ Banking ✔ P2P ✔ SME ✔ Micro Lending Software ➤ HES FinTech

- Published: 2020-04-06
- Modified: 2025-01-10
- URL: https://hesfintech.com/clients/

Clients ID Finance success story Consumer lending Spain and 10 more countries In just 3 months, our team customized HES LoanBox for a now-unicorn financial company that was entirely new at the time All Consumer Commercial POS/BNPL Impact finance Auto finance Other HES FinTech is an experienced technology partner of 130+ financial institutions from North America to EMEA. To create LoanBox, we combined our domain knowledge in lending software development for financial service providers and created a comprehensive combo of modules meeting the business processes in full. Issue first loans in 3 months Get a free demo

---

### Contacts

> If you would like to learn more about HES lending software, please fill out the form, and our experts will be in touch with you shortly.

- Published: 2020-04-03
- Modified: 2025-04-16
- URL: https://hesfintech.com/contacts/



---

### About HES

> HES FinTech software is used by financial institutions of all sizes to create comprehensive solutions, which ensure growth in the new digital economy.

- Published: 2020-04-02
- Modified: 2025-03-15
- URL: https://hesfintech.com/about-hes/

About us Say Yes to HES About us Say Yes to HES Our story In 2012, we founded HES to bridge the gap between traditional and modern lending, empowering our customers with cutting-edge solutions. Today, HES Fintech proudly boasts an official ISO 27001 certification. We believe that lending software should reduce operating expenses, replace repetitive manual tasks with automation, and streamline front-to-back workflows. Ivan Kovalenko Co-founder, CEO Dmitry Dolgorukov Co-founder, CRO Our story In 2012, we founded HES to bridge the gap between traditional and modern lending, empowering our customers with cutting-edge solutions. Today, HES Fintech proudly boasts an official ISO 27001 certification. We believe that lending software should reduce operating expenses, replace repetitive manual tasks with automation, and streamline front-to-back workflows. Ivan Kovalenko Co-founder, CEO Dmitry Dolgorukov Co-founder, CRO Expertise By combining deep industry expertise with top-notch technologies, we deliver the most comprehensive loan management solutions. At HES, we take an innovation-led approach to help our customers solve the toughest lending challenges. 30+ Countries worldwide 160 Сompleted projects Clients HES FinTech provides cutting-edge financial solutions to ensure stunning efficiency of client’s business. HES today is a trusted, long-term partner of 115 financial institutions worldwide (and counting). Media resources about us The company’s flagship product is an all-in-one modular platform that brings automation powered by AI to financial institutions of all sizes. HES FinTech is a full-fledged technology partner with vast experience in the fintech domain and a talented team ready to share valuable insights. HES lending software is a...

---

### Blog

> Stories of how HES Lending Software and most innovative fintech technologies are transforming lending business ✔ Real-world case studies ✔ HES FinTech Blog

- Published: 2020-04-01
- Modified: 2024-06-17
- URL: https://hesfintech.com/blog/



---

### Point-of-Sale Lending Software

> Point-of-sale (POS) lending software by HES FinTech helps retail customers buy now and pay later. Book a free live demo tour to drive automation.

- Published: 2020-04-01
- Modified: 2025-05-24
- URL: https://hesfintech.com/point-of-sale-lending-software/

Point-of-sale lending software Get a free demo Automate the entire lending lifecycle, deliver real-time credit decisions, connect merchants—all through a secure, user-friendly platform. HES LoanBox includes Digital Onboarding Loan Origination Loan Servicing Complete workflow customization User-friendly white-label UI/UX Integration with 3rd-party tools Automated loan application flow AI-powered credit assessment Digital onboarding Boost sales with POS software Agent Portal API for you website Turn your merchants into partners who grow your business. They offer their products on credit, and attract more customers. You fund the purchases upfront, while borrowers repay in installments. It’s a straightforward partnership that benefits both your business and your merchants. Instant identity checks Strengthen your POS lending operations with instant KYC verification. Quickly confirm identities using advanced document and data matching tools. Sign documents electronically Close deals faster with e-signatures, making POS loan agreements quicker, safer, and more convenient for everyone involved. Loan origination Omnichannel loan application Make it smooth with HES LoanBox. Customers can apply for loans in minutes with real-time data collection, AI-powered scoring, and instant or manual decisions. Merchants onboard borrowers easily and track loan statuses via an intuitive interface. The entire process is fast, secure, and designed to make the customer experience hassle-free. Learn more Open Banking Gain deeper insights into borrowers’ financial behavior in real time. Make smarter, faster lending decisions at the point of sale. Configurable application flow Customize application flows to optimize borrower engagement and improve the accuracy and speed of data collection at the POS. Loan servicing Manage all...

---

### Microfinance Software

> Customizable software for microfinance management. AI-accelerated credit scoring. 3 months to launch. Cut your operational costs and biases by 88% with HES FinTech.

- Published: 2020-04-01
- Modified: 2025-05-30
- URL: https://hesfintech.com/microfinance-software/

Microfinance software Get a free demo Get your microfinance software ready to go in 3 months MFI software solution includes Landing Page Borrower Portal Back Office Online loan origination Complete assets management Automated document flow AI application scoring Customizable calculations 100% automated loan management The micro loan management system unifies all assets and borrower data, providing comprehensive control over assets via microfinance management software. 3. 5x faster loan approval Our software streamlines data entry and document organization, decreasing manual underwriting tasks, freeing up time for business development. 2. 5x more precise decisions Microfinance system software employs AI for unbiased credit scoring, identifying high-risk applications and enabling more informed decisions. 90% fewer manual tasks The versatile microfinance system uses online software to expedite credit applications and pre-score requests, thus hastening approval times. Online onboarding Micro loan software for digital lending Get a white-label website and brand it to be more recognizable. Empower your clients with an omnichannel experience: borrowers can fill in applications online via laptops and smartphones. Unified platform access Give your clients the ability to control their active loans and new applications from any device, any time. Lenders can access HES LoanBox via mobile, so you never miss important updates. Micro loan calculator Put a built-in loan calculator on your website to show users the terms and amount they can receive. They can choose the best suitable credit product based on personal needs and proceed to credit application. Borrower Portal Let borrowers apply for loans online Applications Active loan...

---

### Peer-to-Peer Loan Software

> Automated peer-to-peer loan software by HES connects investors and borrowers in one place. P2P online lending platform streamlines the entire loan process.

- Published: 2020-04-01
- Modified: 2025-05-27
- URL: https://hesfintech.com/peer-to-peer-loan-software/

Automated peer-to-peer lending software Get a free demo Get customized peer-to-peer loan software ready to go in 90 days Counterparty identification All users of the P2P online lending platform pass KYC or KYB verification. This allows you to protect partners and clients and minimize risks. Statistics and reporting Keep an eye on your business performance by tracking the history of all deals, income, and expenses in peer-to-peer lending software. Payment processing automatization Smart system of electronic wallets provides users with seamless and transparent online payments. Digital onboarding Connect borrowers & investors E-wallet Make transactions safer by implementing e-wallets for both counterparties. HES P2P lending software keeps track of all wallet balances, freezes bid amounts in lender wallets, and transfers money to borrower wallets once the project is fully funded. The interest revenue of each investor accumulates in their wallet and can be reinvested. Registration and security With HES peer-to-peer lending platform software, you can build a fully customized registration process for both borrowers and lenders. KYB & AML Level up the P2P loan software security and comply with AML laws by integrating it with KYC. Verify users’ identity within seconds and keep all the parties of the P2P loan. Loan origination Peer-to-peer marketplace software for investors Investment opportunities Offer Investments Configurable workflow Peer-to-peer loan servicing software Track your lending business success Investors Borrowers Loans Benefit from backend functionality Task management Peer-to-peer marketplace lending software allows you to keep an eye on what’s going on, assign tasks to your employees and...

---

### Commercial Lending Software

> HES LoanBox: AI-powered, automated commercial loan software | Launch in 3 months | 100+ clients in 30+ countries | All-in-one platform

- Published: 2020-04-01
- Modified: 2025-05-24
- URL: https://hesfintech.com/commercial-lending-software/

Commercial lending software Get a free demo Get commercial loan origination software ready in 3 months Solution includes Landing Page Borrower Portal Agent Portal Back Office White-label commercial loan software Fraud prevention via user identification Automated workflows Smart AI-based scoring system Elevate collaboration Flexible integration options Flexibility Boost the conversionswith commercial lending solution Applications Loans Automatic loan granting decision. The speed of deciding on issuing a loan is one of the most important things for a business borrower. HES commercial lending software allows you to automate all steps of this process. E-signature for commercial lending solutions Implementing hi-tech commercial loan servicing software grows business effectiveness, reduces the paperwork and the need in physical visits to your office. It comes with a built-in e-signature tool and monitors the security of the process. KYB & AML for commercial lending software Protect your business from fraud by double-checking the organizations and verifying their documents. With commercial loan origination system, you can make sure they are not related to AML or PEP and are not on the sanction list. Agent Portal Manage yours partners network Agent dashboard Here, agents can efficiently invite colleagues using their email addresses, ensuring a streamlined onboarding process. Also, they have immediate access to the contact details of potential leads, positioning them to extend precise and tailored offers. Personalized offer dispatch Sending offers to leads has never been easier. Agents just select the loan product and specify the amount, and the offer is dispatched. Leads then receive this offer in...

---

### Loan Origination Software

> Flexible loan origination software system by HES FinTech. Complete loan origination automation, custom & SaaS loan processing solutions.

- Published: 2020-03-31
- Modified: 2025-06-17
- URL: https://hesfintech.com/loan-origination-software/

Loan origination platform for smart loan processing Get a free demo Equip your lending business with the scalable digital loan origination system Rapid launch 3 months Lifelong customer support Automated decision-making Pre-built integrations Boost your business with loan origination software Update Build With automated lending software you receive a competitive advantage: update or launch a new online customer acquisition channel to increase the number of loan applications and manage them automatically. Digital loan origination results in higher conversion rates at lower operating costs. Order your custom loan origination software development based on pre-built set of modules Utilizing the ready-made technical components, HES Fintech builds loan origination systems from scratch in minimal terms of 3-4 months. Business analysts will study your company demands, collect requirements and project the automated credit application processing system tuned to your business needs. Loan origination automation Reach your customers anywhere Landing page API for your website Active plugin API for your website. Select only the needed 3-rd party services for automated document flow, BI and analytics, advanced reporting tools and even more. Loan processing system is compatible with over 100 APIs and counting. Precise decisions with loan origination system Eliminate human mistakes. With HES FinTech, you can rely on automated credit origination powered by KYC integrations, AI-based credit scoring, and granular data access to minimize errors and data breaches. Precise decisions with loan origination system Eliminate human mistakes. With HES FinTech, you can rely on automated credit origination powered by KYC integrations, AI-based credit scoring, and...

---

### Consumer Lending Software

> Consumer lending software by HES FinTech automates every step of consumer and installment credit servicing. Get a complete solution to outperform competitors.

- Published: 2020-03-31
- Modified: 2025-05-27
- URL: https://hesfintech.com/consumer-lending-software/

Consumer lending software Get a free demo Consumer lending software for all your needs. Automate decisions, streamline processes, and manage every loan effortlessly from start to finish. HES LoanBox includes Digital Onboarding Loan Origination Loan Servicing Full coverage of every lending workflow Hassle-free user experience Enterprise-grade security standards AI-powered decision-making Broad integration network Digital onboarding More engaged visitors, more completed applications Landing Page Agent Portal Impress customers from their first interaction and increase application conversions with a smooth digital experience. HES LoanBox offers an engaging landing page that captures interest and drives loan applications. Applicants are then redirected to the Borrower Portal, where automated ID verification and data capture ensure quick, compliant, and friction-free onboarding. Learn more Loan origination Loan application and verification, simplified Application flow Borrower profile Decision-making Make loan origination seamless for your customers. Our consumer loan origination software integrates with local KYC providers, credit bureaus, and open banking for detailed financial insights. Borrowers apply with ease and track loan progress, all within a rule-based platform tailored to the needs of consumer lending. Learn more Get documents signed in seconds Close deals faster with secure, digital signatures. Borrowers sign from anywhere—no paperwork, no hassle, just a smooth, legally compliant experience that speeds up approvals and keeps things moving. Get documents signed in seconds Close deals faster with secure, digital signatures. Borrowers sign from anywhere—no paperwork, no hassle, just a smooth, legally compliant experience that speeds up approvals and keeps things moving. Customizable application flow Flexible application design lets...

---

### Loan Servicing Software

> HES FinTech offers automated loan servicing system for all types of lenders ✔ Fully customizable lending solution for your business ✔ Loan servicing software without limits

- Published: 2020-03-23
- Modified: 2025-05-27
- URL: https://hesfintech.com/loan-servicing-software/

Loan servicing software Get a free demo Try HES FinTech loan servicing system that exceeds your functionality expectations and provides a fast ROI Ready-to-launch 3 months Flexible level of automation Paperless and secure One-roof lending software Loan servicing automated: from booking to closure Powerful and updated loan servicing platform gives expands the opportunities of your lending business: optimize labor costs by the adjustable level of automation, manage departments and employee roles, benefit from fast calculation engine, accounting, reporting, and collateral management. Digital loan servicing leads to stunning financial effectiveness, smooth business operation, and top-notch security levels. Calculation and product engine Adjust your loan servicing solution HES FinTech loan servicing covers the full lending lifecycle from disbursements to pay-offs. You can set up calculations for unlimited number of loan products and ensure your business adheres to regulations regarding loan operations. Rich back-office functionality helps you set up, calculate, and keep track of payment schedules, accruals, and write-offs. Day-to-day calculations Borrowers can view and cancel their loan applications, monitor the loan status, repayments, and amortization schedule. Employees can use lending servicing solution features in the background. Automate credit disbursement HES loan servicing platform supports automatic disbursements and repayments, direct debit, and integration with payment providers. Easy integrations for loan servicing platform BI / Reporting tools Choose any standalone tool for generating reports. Whether it is Tableau, Zoho Analytics, QlikView, we are ready to incorporate it into our system. Accounting systems HES system can be integrated with any accounting system. We can perform...

---

### Home

> Approved ready-made and custom automated lending solutions for financial institutions at scale. Drive efficiency to your business with end-to-end lending software by HES FinTech!

- Published: 2020-03-17
- Modified: 2025-06-17
- URL: https://hesfintech.com/

Complete loan automation with digital lending software Get a free demo Consumer lending Microfinance lending BNPL Auto finance Peer-to-Peer lending Student lending Healthcare lending Islamic finance Green finance Commercial lending SME lending Merchant Cash Advance Factoring Leasing Trade finance Bank lending Working capital finance Loan system software Ready-made online lending platform 100% convenience for staff Clean interface makes the loan automation system easy to learn and adopt. Intuitive features of online lending system bring an additional boost to your workflow speed. 2. 5x faster loan processing Loan processing automation to accelerate underwriting. AI automated loan approval system scores and preapproves applications, saving time of your managers. 3. 5x more accurate loan decisions Decrease NPLs leveraging the power of AI loan portfolio assessment. It takes a few seconds to predict the probability of repayment and take a profitable decision. 90% fewer human mistakes Replace manual data entry with auto-population of fields to eliminate human bias. Leave no space for human errors with lending process automation. Drive profit with AI online lending software HES FinTech software solutions make issuing more assets while reducing NPLs a daily reality. Using machine learning, our lending platform software analyzes historical data of closed loans to identify patterns in high-delinquency assets. Take advantage of AI technology to accelerate loan origination, manage credit risks, and prognose your financial results. Autonomously scores applications Assesses credit portfolios Predicts defaults Provides business insights Monitors predictive model accuracy Automates debt collection 3-in-1 digital lending platform Landing Website Borrower Portal Back Office Landing...

---

### Privacy Policy

> This page contains the Privacy Policy of HES FinTech (Lending Software for Banks and Fintechs)

- Published: 2020-03-17
- Modified: 2025-04-07
- URL: https://hesfintech.com/privacy-policy/

HES FinTech's Privacy Policy Your privacy is important to HES FinTech. This Privacy Policy is intended to help you better understand how we collect, use, share, and store your personal information. By using our products or services, you agree to the terms and conditions of this Privacy Policy. Please take a moment to read our privacy practices carefully and let us know if you have any questions. This policy is compliant with the requirements of the GDPR and is also compliant with Directive 95/46/EC. Privacy Statement This Privacy Policy is applied to personal information collected, used and shared by HES having its registered office: UAB “HES Europe”, 305038470, Vilnius, Konstitucijos pr. 21B hereinafter the "Site". What Information We Collect We collect information to provide better services to all of our visitors and customers. The data we may collect: Personal Information: When you fill out the form on the Site, contact us via an email or a phone call, we collect certain information, including: Your full name; Phone number; Email address; Other information you provide voluntarily to us. Non-Personally Identifiable Information: When you visit and browse the Site, we may automatically collect certain non-personal information. This type of data may include your browser type, device and language, links you clicked on, web pages you view, IP address, etc. This is only statistical data and does not provide any personal information. Web Cookies: ‘Cookies’ are small data files that are stored by a browser on your computer or mobile phone. Once you...

---


---


## Posts

### HES FinTech at London Tech Week 2025

> Join HES FinTech CEO Ivan Kovalenko at London Tech Week 2025 (9–13 June) to explore AI-powered lending, inclusive finance, and compliant digital transformation—contact us to book a meeting at the event.

- Published: 2025-05-20
- Modified: 2025-05-20
- URL: https://hesfintech.com/blog/hes-fintech-at-london-tech-week/
- Categories: Events, News

HES FinTech is heading to London this June, as our co-founder and CEO Ivan Kovalenko joins the city-wide celebration of innovation that is London Tech Week 2025. From 9 to 13 June, more than 45,000 founders, investors, policymakers, and technologists will converge on the capital; the flagship expo and content stages take place at Olympia London from 9 to 11 June, with dozens of fringe events carrying the conversation across the city for the rest of the week. For Ivan, the trip is an opportunity to exchange ideas on three themes shaping the future of finance. First, the rise of AI-powered lending, where alternative data and real-time decision engines promise faster, fairer credit. Second, the push toward inclusive finance, ensuring MSMEs and underserved borrowers can access the capital they need to grow. And third, the intricate craft of digital transformation under regulation - finding elegant ways to pair breakthrough technology with the strict frameworks that keep financial systems safe. Ivan’s calendar still has room for coffee chats on the Olympia show floor, podcast or panel invitations, and partnership brainstorms throughout the week. If you plan to be in London and would like to connect, simply reach out. And if you haven’t secured your pass yet, reach out to on LinkedIn - we have a promo code for discounted entry and will gladly share it with peers who want to join the conversation.

---

### HES FinTech and ThitsaWorks Partner to Drive Financial Inclusion in Southeast Asia

> HES FinTech and ThitsaWorks collaborate to enhance financial inclusion across Southeast Asia through AI-driven credit solutions for underserved communities.

- Published: 2025-05-07
- Modified: 2025-05-07
- URL: https://hesfintech.com/blog/hes-fintech-partnership-with-thitsaworks/
- Categories: News

HES FinTech is proud to announce its strategic partnership with ThitsaWorks, a Singapore-based fintech company committed to improving financial inclusion through open-source technologies and data-driven innovation. The partnership represents a profound commitment to addressing one of the region's most pressing challenges: bringing reliable financial services to populations traditionally overlooked by conventional banking systems. We join forces to reimagine lending practices throughout Southeast Asia, with particular attention to the operational hurdles confronting microfinance institutions serving underbanked communities. At the heart of this partnership is a Proof of Concept project that brings together HES FinTech, GiniMachine (an AI-powered credit scoring platform), and ThitsaWorks' Microfinance Credit Information Exchange (MCIX) dataset. This initiative seeks to uncover valuable insights that will enhance data-driven credit underwriting for over 58 member microfinance institutions across Myanmar. Beyond this initial collaboration, the partnership will explore innovations across several critical domains: Advanced AI/ML-powered decisioning systems Comprehensive loan origination and management platforms Robust payments infrastructure Customized core banking solutions designed specifically for microfinance institutions We believe that combining advanced decisioning tools with locally relevant datasets can unlock new opportunities for responsible lending. Andre Kravchenko Senior Vice President of Business Development at HES FinTech Partnering with HES FinTech allows us to build solutions that are not only innovative but also deeply aligned with the realities on the ground. Nyi Nyein Aye Founder and CEO of ThitsaWorks

---

### HES FinTech at Baltic Fintech Days

> HES FinTech Co-Founder and CEO Ivan Kovalenko shared insights at Baltic Fintech Days on embedded finance, AI risk management, and lending innovation in today's competitive market.

- Published: 2025-04-10
- Modified: 2025-04-10
- URL: https://hesfintech.com/blog/hes-fintech-at-baltic-fintech-days/
- Categories: Events, News

Last week, our Co-Founder and CEO, Ivan Kovalenko, had the pleasure of attending Baltic Fintech Days—a gathering of fintech leaders, investors, and innovators in the heart of the Baltics. Representing HES FinTech, Ivan joined discussions that explored the latest trends shaping financial technology across the region, including embedded finance, the role of AI in risk management, and the future of cross-border lending. As always, our focus was clear: inclusive, flexible, and future-ready fintech solutions. Credits are not asked by customers now, instead they are actively offered by banks and fintechs. Competition is high both in marketing and pricing, thus you need to innovate and automate continuously. Ivan Kovalenko CEO of HES FinTech HES FinTech at Baltic Fintech Days 1 / What really stood out? The genuine interest in making financial services work for everyone. Ivan had some great conversations about how HES FinTech is tackling this challenge, particularly in helping businesses and communities that traditional finance has overlooked. Our lending expertise definitely struck a chord, especially when talking about automating the boring stuff and using alternative data to make smarter lending decisions. We extend our thanks to the organizers of Baltic Fintech Days for creating such a vibrant space for exchange and collaboration. We’re excited about the connections made—and even more about what comes next.

---

### 2025 Alternative Credit Scoring Landscape

> Explore the future of alternative credit scoring in 2025—key data sources and technologies reshaping credit risk assessment for lenders and fintechs.

- Published: 2025-04-07
- Modified: 2025-04-08
- URL: https://hesfintech.com/blog/2025-alternative-credit-scoring-landscape/
- Categories: News

With nearly 3 billion people worldwide excluded from formal credit systems, especially in emerging markets, the need for alternative approaches has never been greater. Millennials, Gen Z, immigrants, and gig workers often fall outside conventional models, despite being financially active. This landscape showcases solutions that tap into new forms of data—such as utility payments, device interactions, and social media behavior—to create a more inclusive, accurate, and dynamic picture of a borrower. This global gap calls for a smarter, more inclusive approach. One that looks beyond bank statements and credit histories to tap into new, rich forms of data: utility payments, mobile device behavior, social media activity, online transaction patterns, and more. Together, these signals can create a fuller, more dynamic picture of a person’s financial identity. Alternative Data Sources Utility and telecom payments Records of timely or late payments for electricity, gas, water, internet, and phone services Small business data Information from invoicing systems, POS systems, or inventory management platforms Online behavior Data from social media profiles, online reviews Transactional data Spending patterns, income inflows, and bill payments Public records Legal filings, tax payment records, or government certifications E-Commerce transactions Cart abandonment rates, purchase histories Together with Scoreplex, we’re helping lenders, fintech companies, and risk managers make sense of this changing landscape. The goal? To adopt smarter, data-driven tools that not only reduce risk but also bring more people into the financial system who've been unfairly excluded for too long. About Scoreplex Scoreplex is an Amsterdam-based fintech platform that empowers...

---

### HES FinTech Returns Inspired from LEAP 2025

> HES FinTech visited LEAP 2025 in Saudi Arabia and is ready to share its impressions.

- Published: 2025-03-26
- Modified: 2025-04-09
- URL: https://hesfintech.com/blog/hes-fintech-at-leap-2025/
- Categories: Events, News

Our team is back from LEAP 2025 in Saudi Arabia, and the experience exceeded all expectations! From the moment we arrived, we were struck by the impeccable organization and the depth of conversations happening around us. People weren't just there to network - they were diving deep into fintech innovation with real substance. It's incredible to see Saudi Arabia's fintech scene taking off like this. You can practically feel the momentum building toward their Vision 2030 goals. Every conversation seemed to spark new ideas about what's possible. The connections made were perhaps the most valuable takeaway. Reuniting with our friends and clients at Alraedah and Aramco Ventures felt like picking up exactly where we left off—these relationships are the foundation of what makes our industry so special. They were right when they said that meeting in person can never replace Zoom calls, no matter how frequent they are. Tanya Hancharuk Sales Executive, Middle East at HES FinTech We're already marking our calendars for next year. The energy and potential in Saudi Arabia's fintech scene is something you have to experience firsthand. HES FinTech at LEAP 2025 1 /

---

### HES FinTech and Scoreplex Sign MoU to Foster Inclusive Finance through Alternative Data

> HES FinTech has signed a Memorandum of Understanding (MoU) with Scoreplex, a platform providing alternative data for credit scoring and fraud prevention.

- Published: 2025-03-19
- Modified: 2025-03-28
- URL: https://hesfintech.com/blog/hes-fintech-partnership-with-scoreplex/
- Categories: News

HES FinTech has signed a Memorandum of Understanding (MoU) with Scoreplex, a platform providing alternative data for credit scoring and fraud prevention. This partnership is a big step forward in using different kinds of data to better assess credit risk and bring more people into the financial system, especially in places with a high percentage of unbanked and underserved populations. Addressing a Critical Gap in Credit Scoring The financial services industry has long relied on traditional credit data, such as banking transactions, credit bureau reports, and income statements, to assess borrower risk. But in many countries, lots of people don't have this kind of financial history, so lenders can't evaluate them using the usual methods. This leaves millions of individuals and small businesses unable to get loans. Scoreplex provides real-time access to over 140 data sources, including digital footprint analysis, telecom data, online behavioral insights, and social graph analytics. These non-traditional data points give a holistic view of a borrower’s financial behavior, allowing lenders to better assess risk, reduce fraud, and increase financial inclusion. Traditional credit scoring models are no longer enough to serve today’s diverse financial landscape. Many potential borrowers are overlooked simply because they do not fit into the conventional credit system. Dmitry Dolgorukov Co-founder and CRO at HES FinTech By partnering with Scoreplex, HES FinTech is integrating next-generation data-driven insights into our lending solutions, helping financial institutions make more accurate and inclusive credit decisions. A Driving Force for Inclusive Finance MSMEs, gig economy workers, and first-time borrowers can...

---

### How to Start a Car Finance Company

> Considering upgrading your business offerings or wondering how to start an auto finance company? Let’s dive right in and find out why this market is prime for fintech innovators.

- Published: 2025-02-21
- Modified: 2025-02-21
- URL: https://hesfintech.com/blog/how-to-start-a-car-finance-company/
- Categories: FAQ, FinTech

For millions of people, a car is more than just a way to get around—it’s freedom, flexibility, and often a necessity. As demand for both new and used vehicles continues to rise, so does the need for financing solutions that make car ownership accessible. Auto loans remain the go-to option, with over 80% of new car purchases being financed—an industry trend that has remained strong year after year. And with today’s financing trends, lenders, investors and dealerships have a massive opportunity to capitalize on this growing demand. This ever-growing reliance on auto loans has made auto financing a $1. 6 trillion industry, now the second-largest category of consumer debt, trailing only mortgages. Buyers are borrowing more than ever, with the average auto loan hitting a record $42,113. Monthly payments have also climbed, now averaging $754, up from $739 the previous year. As vehicle costs rise, so do loan amounts and repayment terms, creating a new reality where 1 in 5 drivers are committing to monthly payments exceeding $1,000, a figure that would have been unthinkable just a decade ago. How to Start an Auto Finance Company: Where to Begin? Data from Experian reveals that banks still dominate the auto financing landscape, holding 28. 7% of the market, leveraging their scale and competitive rates for prime borrowers. Credit unions follow closely at 23. 7%, capturing loyalty with lower fees and member-focused perks. Meanwhile, lenders—automakers' financing arms—control 21. 9%, using exclusive incentives to keep buyers within their brand ecosystem. These numbers pinpoint...

---

### A Q&A with HES FinTech and Ondato on AI, AML, and Inclusive Finance

> Learn how HES FinTech and Ondato transform lending with robust KYC, AML compliance, and automation for secure and scalable growth.

- Published: 2025-01-23
- Modified: 2025-01-28
- URL: https://hesfintech.com/blog/qa-hes-fintech-ondato/
- Categories: Interviews

Welcome to our special Q&A session. Today, we have two industry experts who know all about the fast-evolving world of lending technology and compliance. Ivan Kovalenko, Co-Founder of HES FinTech, is here to talk about end-to-end lending innovations and how they can benefit both traditional and emerging markets. We’re also joined by Povilas Steikūnas, VP, Global Partnerships at Ondato, who will shed light on KYC/KYB, AML, and how automation is changing the game for financial institutions. Let’s jump right in. What are the main challenges lenders face today in managing loans efficiently, and how does HES FinTech’s technology address these? I’d say one of the main challenges lenders face today is complexity—particularly the ever-growing complexity of processes, data, and compliance requirements. Lenders often struggle to manage multiple disparate systems, which leads to inefficiencies and bottlenecks in loan origination and servicing. In addition, manual processes and siloed data sources can slow underwriting, raise operational costs, and increase the risk of human error. At HES FinTech, we tackle these obstacles head-on by offering HES LoanBox–end-to-end lending platform that is highly configurable and automated. From the initial application and identity verification to underwriting and servicing, our technology covers the full lending cycle. We leverage advanced analytics and integrations with partners like Ondato for seamless KYC/KYB and AML checks, ensuring compliance is streamlined and embedded into the workflow. Moreover, our platform is designed for scalability and speed. Lenders can launch new loan products quickly, adjust risk models with ease, and tap into varied data...

---

### Top 5 Lending Trends for 2025

> Top 5 lending trends: AI, open APIs, green finance, personalization, and embedded solutions. Discover what they mean for 2025 and beyond!

- Published: 2025-01-16
- Modified: 2025-01-28
- URL: https://hesfintech.com/blog/lending-trends-2025/
- Categories: FinTech, Trends

In this article, we’ll explore 5 biggest trends reshaping lending in 2025—from AI to green finance trends—and how they’re creating a lending landscape that’s more inclusive, flexible, and customer-focused than ever. The Continuing Rise of AI in Lending Everyone and their dog is talking about AI these days. It’s already revolutionized the way loans are assessed, approved, and managed—delivering enhanced decision-making, faster approval times, and improved repayment outcomes for companies willing to embrace it. And the news? AI isn’t going anywhere. Its adoption in lending is only set to grow, transforming the industry even further. In my opinion, the next wave of AI adoption in lending will likely center around predictive analytics and advanced customer insights. These innovations promise to make borrowing more accessible, efficient, and customer-centric than ever before. As we explore the trends shaping the future of lending, it’s clear that all of them are, in one way or another, connected to AI. For now, take a look at the statistics below, which represent the projected global AI in lending market size for the forecast period from 2024 to 2033. Open Banking and API  An API (Application Programming Interface) is a set of rules and protocols that allow different software systems to communicate and share data in a structured and efficient way. Think of an API as a contract between two systems: one system offers certain functionalities or data, and the other system can use them, provided it follows the defined rules. For example, if a lending platform...

---

### HES FinTech Announces Strategic Partnership with Credolab, a Pioneer in Behavioral Analytics based on Mobile and Web Metadata

> Discover how the partnership between HES FinTech and Credolab empowers lenders around the globe to make smarter, data-driven decisions.

- Published: 2024-10-03
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-fintech-partnership-with-credolab/
- Categories: News

HES FinTech is pleased to announce a strategic partnership with Credolab to strengthen AI-powered credit risk management options available to our clients. This collaboration will enhance HES FinTech's technology partnership ecosystem by leveraging Credolab’s expertise in alternative data-driven credit scoring, providing lenders with deeper insights into creditworthiness. This partnership allows HES FinTech to offer its clients AI-powered credit risk assessment based on behavioral biometrics and device metadata derived from privacy-consented, non-personal, and anonymised smartphone and web interactions, analyzed by Credolab’s advanced data analytics platform. This responsible AI/ML enabled technology helps lenders expand their reach to underbanked and credit-invisible populations, boosting financial inclusion and improving loan performance. Our partnership with Credolab aligns perfectly with our goal of using technology to make lending more inclusive, efficient, and secure. Ivan Kovalenko CEO of HES FinTech Our partnership with HES FinTech solidifies our shared commitment to financial inclusion by leveraging advanced behavioural biometrics and device metadata analytics. Together, we empower lenders to responsibly expand access to credit and serve underserved communities more effectively. Peter Barcak Founder and CEO of Credolab Both companies are focused on driving financial inclusion in emerging markets by giving lenders the tools to serve individuals and businesses previously outside the formal financial system. Together, they aim to enable lenders to make better lending decisions while managing risks effectively through AI-driven insights. It’s important to note that Credolab’s technology complements HES FinTech’s own AI/ML based decisioning platform, GiniMachine. The combination of traditional credit data and Credolab’s alternative data enables the two systems...

---

### HES FinTech x TPIsoftware: Bangkok Business Trip Recap

> Read more about the transformative three-week collaboration in Bangkok that HES FinTech undertook with TPIsoftware, working on a project for one of the leading companies in Southeast Asia.

- Published: 2024-09-26
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/bangkok-business-trip/
- Categories: News

We wrapped up an incredible three weeks in Bangkok, working hand-in-hand with our amazing partners at TPIsoftware. Together, we're driving forward a major project for one of the largest companies in Southeast Asia. This trip was all about direct, in-depth collaboration. Our goal was to engage with key stakeholders and subject-matter experts on the ground, ensuring we captured every detail of the project requirements and synchronized on the next steps. This face-to-face interaction was crucial in refining our approach and aligning our teams with the client’s evolving needs. HES FinTech’s Business Trip to Bangkok 1 / HES team was represented by Egor Nagarov, Project Manager/Scrum Master, who led the charge and ensured everything stayed on track; Eugene Kazakov, Business Analyst, who meticulously gathered and detailed the requirements to keep everyone aligned; and Dmitry Tsydzik, Architect/Senior Developer, who spearheaded the development efforts with his expert architecturing and coding skills. The face-to-face collaboration allowed us to dive deep into the project requirements, align our teams, and push forward with renewed energy. It’s always exciting to see how much we can achieve when we bring our expertise together in person. Egor Nagarov Project Manager/Scrum Master at HES FinTech Agile in Action Midway through the project, we took the opportunity to synchronize and plan our next steps. Thanks to TPIsoftware's brilliant assistance, we were able to enhance efficiency and align our teams more closely. At HES FinTech, we're proud to work with clients in over 30 countries, often managing projects remotely. But when it's...

---

### Leadership Bookshelf: Must-Reads for Insight, Inspiration, and Growth

> Dive into the favorite reads of HES FinTech leaders and discover the books that have shaped their thinking and journeys, both professional and personal.

- Published: 2024-09-17
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/leadership-bookshelf-must-reads-for-insight-inspiration-and-growth/
- Categories: News

Dive into the favorite reads of HES FinTech leaders and discover the books that have shaped their thinking and journeys, both professional and personal. From deep explorations of economic history and decision-making psychology to gripping biographies and classic literature, these selections offer valuable insights and inspiration. Each recommendation includes a personal touch from Ivan Kovalenko, Dmitry Dolgorukov, Andre Kravchenko, and Artem Britun, who share why these books matter to them. Explore their choices, understand the stories behind their selections, and get inspired to expand your own reading list. Books That Challenge Conventional Thinking Ivan Kovalenko Co-Founder & CEO Daniel Kahneman, "Thinking, Fast and Slow" An oldie but a goldie. This book challenges you to think critically about how others think and make decisions. Walter Isaacson, "Elon Musk" Elon Musk is one of the most controversial yet productive entrepreneurs of our time. This biography reinforces the idea that every step we take in life—good or bad—shapes who we become. Matt Lerner, "Growth Levers" A must-read for every founder who wants their startup to grow and succeed. Deep Dives into Debt, Power, and Wealth Dmitry Dolgorukov Co-Founder & CRO David Graeber, “Debt: The First 5000 Years” A deep dive into the history of debt and its profound impact on human society. This book will change the way you think about economics, money, and the social structures that have shaped our world for millennia. Daron Acemoglu and James A. Robinson, “Why Nations Fail: The Origins of Power, Prosperity, and Poverty” An insightful exploration...

---

### HES Fintech and APLYiD Join Forces to Streamline Customer Onboarding

> HES Fintech partners with APLYiD to enhance onboarding for Australian and ANZ clients, integrating advanced biometric ID technology for faster, secure customer verification.

- Published: 2024-06-26
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-fintech-and-aplyid-join-forces-to-streamline-customer-onboarding/
- Categories: News

HES Fintech is excited to announce a strategic partnership with APLYiD, a leading provider of AML and KYC compliance solutions, specifically targeting our Australian and ANZ clients. This collaboration aims to enhance the onboarding process by integrating APLYiD's advanced biometric ID technology and data verification services. APLYiD is revolutionizing the compliance landscape with its solutions that streamline customer verification. The platform offers fast, automated onboarding, verifying identities in under 90 seconds through biometric ID technology, data verification, and document capture. We are excited to partner with HES Fintech, combining our innovative technology with their expertise in financial software. Together, we aim to set a new standard in digital identity verification and financial security. Toby Taylor Global Partnerships Director of APLYiD With this partnership, HES Fintech will offer a more seamless, secure, and efficient customer verification experience, reducing fraud and ensuring compliance with global regulations. This alliance underscores our commitment to providing innovative solutions that meet the evolving needs of the financial industry. Partnering with APLYiD allows us to offer our clients enhanced security and compliance features directly integrated into our platforms. This collaboration is a step towards providing more secure financial solutions, ensuring our clients can operate with greater confidence and efficiency. Dmitry Dolgorukov Chief Revenue Officer at HES FinTech

---

### Andre Kravchenko and Andrew Clouston Explore Lending Trends and Challenges in Australia and New Zealand

> Join Andrew Clouston and Andre Kravchenko as they discuss the future of lending in Australia and New Zealand in their latest interview.

- Published: 2024-06-19
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/lending-trends-in-australia-and-new-zealand/
- Categories: Interviews

In early June, Andre Kravchenko, Senior VP of Business Development at HES FinTech, and Andrew Clouston, Market Advisor for Australia and New Zealand, embarked on a pivotal journey through Melbourne and Sydney. Their mission: to engage with banks and alternative lenders, discussing the evolving landscape of the lending industry. This interview is a natural extension of those insightful meetings and conversations, delving deeper into the present and future of lending in the region. As they reflect on their experiences and share their visions, we gain a comprehensive understanding of the opportunities and challenges facing the Australian and New Zealand lending markets. Here, Andre Kravchenko takes the helm, asking the questions that matter to industry professionals and innovators alike. Andrew, could you share your journey in the financial services industry and what led you to specialize in the lending sector? After starting as a mortgage broker in the mid-90s, the very early stages of the Australian broking industry, I saw an opportunity to start my own broking business. While this did very well and achieved a nice exit, there was a common theme that never sat well with me: the process was always painful for customers. There are many reasons for that pain, but predominantly, the industry has always had an unhealthy reliance on documents and has been slow to adapt to new, more reliable data sources as they come online, e. g. , open banking. I have been looking at ways to improve that experience for customers for almost two...

---

### Discover HES LoanBox at Seamless 2024 in Dubai!

> Join HES FinTech at Seamless Middle East & Saudi Arabia 2024, May 14-16 in Dubai, where expert Tanya Hancharuk will showcase HES LoanBox.

- Published: 2024-05-10
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-loanbox-at-seamless-2024/
- Categories: News

We're excited to announce that HES FinTech will be represented by one of our top experts, Tanya Hancharuk, at Seamless Middle East & Saudi Arabia 2024 on May 14-16. Tanya brings over seven years of experience in lending automation, where she has spearheaded the implementation of innovative solutions like HES LoanBox, which have dramatically transformed the operations of lenders across the EMEA region and Australia. HES LoanBox is our flagship lending solution designed to streamline and automate the entire lending process. From origination through underwriting to servicing and collection, it provides a comprehensive, all-in-one platform that enhances operational efficiency and scalability. With its set of features, including advanced analytics, flexible workflow configurations, and integrated risk management tools, HES LoanBox is the perfect tool for lenders looking to enhance their technological capabilities and profitability. Meeting with Tanya will provide you an opportunity to explore how HES LoanBox can be tailored to fit your specific business needs. Whether you're looking to overhaul your current systems or enhance existing processes, Tanya's expertise will guide you towards the most effective solutions. We highly recommend scheduling a meeting with Tanya in advance to ensure you make the most out of your visit. It's a perfect opportunity to discuss how HES FinTech can help optimize your lending operations and enhance your competitive edge in the market.   Search for Tanya Hancharuk by name on the Seamless app or book a time slot to catch up with her.

---

### Andre Kravchenko to Speak at 2024 MFC Conference Insight Hour: Harnessing Artificial Intelligence for Diverse and Inclusive Microfinance

> Don't miss Andre Kravchenko, Senior VP at HES FinTech, as he speaks at the 2024 MFC Conference in Krakow, Poland, on May 15. Focusing on the role of AI in microfinance, Andre will share insights during the Insight Hour.

- Published: 2024-05-03
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/andre-kravchenko-at-2024-mfc-conference/
- Categories: News

We are thrilled to announce that Andre Kravchenko, Senior Vice President of Business Development at HES FinTech, will be participating in a plenary session at the 26th Annual Conference Embracing Diversity for Inclusive Finance on May 15 in Krakow, Poland. The conference aims to convene over 400 experts, business owners, impact investors and industry leaders from across some 35 countries to discuss crucial topics at the intersection of technology and finance, fostering financial and social inclusion. The Session’s Agenda  The session aims to demystify AI and delve into its practical applications within the microfinance industry. The agenda will explore why AI has become pivotal for microfinance institutions, examine use cases, discuss implementation strategies, and emphasize the urgency of adopting AI. This discussion will provide participants with a deeper understanding of how these technologies can enhance operational efficiency, increase competitiveness, and empower their businesses to provide diverse and inclusive financial services without compromising business objectives. At HES FinTech, part of our mission is to help our partners provide fair, inclusive, and convenient financial services to their clients. We believe that the adoption of AI is critical to competitiveness and resilience of microfinance institutions. . That’s why Andre's participation in this plenary session is a significant milestone for HES FinTech, as he contributes his insights alongside industry leaders - Sami Lahoud, Co-Founder and CEO of EMPact, Surjit Chana, Board Director, Beneficial State Bank, and Prateek Shrivastava, Co-Founder & COO of EMpact.   The Conference’s Agenda: Embracing Diversity for Inclusive Finance This year’s conference theme perfectly captures...

---

### Andrew Clouston Joins HES Fintech as New Market Advisor/Partner for the ANZ Region

> Meet Andrew Clouston, the new Market Advisor/Partner for HES Fintech in the ANZ region. Discover how his expertise will transform fintech solutions in Australia and New Zealand with AI-driven technology for loan management.

- Published: 2024-04-29
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/andrew-clouston-joins-hes-fintech/
- Categories: News

We are excited to welcome Andrew Clouston to the HES Fintech team as our new Market Advisor/Partner for the Australia and New Zealand (ANZ) region. Andrew brings with him a wealth of experience, having spent over a decade addressing some of the most challenging issues in financial technology. Andrew’s impressive career includes founding roles where he developed state-of-the-art technologies for top-tier banks. His skills in innovation and leadership, particularly in technology selection as a bank executive, position him as a vital component of our strategic expansion into the Australian market. His arrival is perfectly timed as we aim to simplify the complex landscape that defines financial services technology today. Andrew will be instrumental in guiding HES Fintech as we introduce our AI-driven solutions for loan origination, management, and servicing to Australian lenders, marking the beginning of a new chapter in financial technology. Why Focus on Australia and New Zealand? The ANZ region stands out as a dynamic center for financial services characterized by a robust demand for pioneering fintech solutions. This area's strict financial regulations necessitate technologies that not only boost efficiency but also maintain compliance and safeguard data. With Andrew's expertise and our cutting-edge technology, HES Fintech is set to revolutionize the loan management system in Australia, providing lenders with the tools they need to streamline operations while ensuring compliance and security. This is where HES Fintech comes into play. Our advanced AI-driven tools revolutionize traditional loan processing activities, ensuring they are more efficient while meeting the highest standards...

---

### Banking-as-a-Service Explained: BaaS Model Examples

> Discover how BaaS model offers a gateway for fintech businesses to disrupt traditional banking without the usual regulatory and infrastructural challenges.

- Published: 2024-04-10
- Modified: 2025-01-28
- URL: https://hesfintech.com/blog/banking-as-a-service-explained/
- Categories: FinTech

This article aims to shed light on Banking-as-a-Service operational framework, key benefits, and the immense potential it holds for startups looking to disrupt traditional banking paradigms without the burden of regulatory and infrastructural constraints. What Is Banking-as-a-Service? The BaaS (Banking-as-a-Service) business model refers to a scenario in which banks that possess the necessary licenses for banking operations integrate their digital services into products developed by non-banking companies. Through this model, a non-banking institution can offer digital banking services such as loans, cards, and mobile banking to their customers without the hassle of obtaining a banking license. With the advent of online banking, businesses are exploring more customer-friendly and superior methods to deliver banking services and products.  Gartner predicts that by the end of 2024, 30% of banks with assets exceeding $1 billion will adopt the BaaS model to seize new revenue opportunities. Furthermore, the market size for BaaS is expected to expand at a CAGR of 16. 2% through to 2030. Let us have a look at some top examples of the Banking-as-a-Service model. Examples of Businesses Embracing BaaS Model In this section, we explore several exemplary businesses that have embraced the BaaS model, highlighting how they leverage this approach to redefine banking services. From Solarisbank's comprehensive API-driven solutions across Europe to Synapse's facilitation of banking integration in products, and BBVA's Open Platform that aids financial startups in scaling innovative products, each case study showcases the potential and diversity of BaaS applications. 1. Solarisbank Solarisbank, a pan-European leader in the Banking-as-a-Service...

---

### HES FinTech Partners with EDGE to Elevate Lending Solutions with Advanced Open Banking Analytics

> Discover how HES FinTech partners with EDGE to transform lending solutions through advanced open banking analytics.

- Published: 2024-04-04
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-fintech-partners-with-edge/
- Categories: News

We’re thrilled to announce our strategic partnership with EDGE, a trailblazer in open banking data and analytics, that provides lenders with comprehensive insights into consumer creditworthiness and fraud risk based on an extensive repository of bank data. EDGE is a consumer reporting agency (CRA), having established the first and only cash flow bureau with risk analytics equivalent to mainstream credit bureaus but based entirely on bank balance and transaction data. The outcome? Deeper insights into borrowers' financial behaviors for lenders across the risk and product spectrums. HES FinTech will integrate EDGE's open banking data access and analytics solutions into its loan management platform, offering lenders unparalleled access to a broad spectrum of financial data. Our goal is to enable more informed and accurate credit decisions, particularly for underserved markets and individuals with limited credit histories. EDGE’s analytics go beyond traditional consumer risk metrics, focusing on real-time financial behaviors and activities. This will complement the HES platform with enriched, up-to-the-minute insights that enhance user experience, optimize underwriting processes, and improve decision-making capabilities for clients throughout the U. S. and Canada. Because EDGE is a CRA with cash flow underwriting tools that have been built and proven through real-world lending decisions, the platform delivers a uniquely holistic approach to risk assessment focused on the needs of consumer lenders from alternative data acquisition to actionable attributes and scores. By integrating EDGE's sophisticated analytics into our platform, we’re paving the way for a more inclusive financial ecosystem. Together, we're setting new standards in understanding...

---

### HES FinTech and Alraedah Finance: Pioneering Financial Innovation Through Strategic Partnership

> Explore the groundbreaking collaboration between HES FinTech and Alraedah Finance, which brings together advanced technology and Islamic finance to revolutionize funding for SMEs in Saudi Arabia.

- Published: 2024-03-10
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-fintech-and-alraedah-finance/
- Categories: HES Clients, News

It is with great excitement that we announce a groundbreaking collaboration between two leaders in the fintech space: HES FinTech, a renowned provider of cutting-edge loan origination and management solutions, and Alraedah Finance, a distinguished financial company dedicated to funding micro, small, and medium entities in Saudi Arabia. Alraedah Finance stands out for its commitment to offering Islamic financial services through Murabaha Contracts, in strict compliance with the Saudi Central Bank’s (“SAMA”) regulations. This partnership marks a significant milestone in our joint quest to revolutionize financial services through innovation, technology, and customer-centric solutions, underscoring a shared commitment to ethical finance. With this collaboration, HES FinTech introduces its advanced loan management software in Saudi Arabia, empowering Alraedah Finance to streamline operations and enhance the customer experience. As Alraedah Finance looks towards the future, it is poised to expand its product offering. This strategic direction not only reflects Alraedah Finance's ambition to broaden its services but also aligns with our mutual goal of embracing technological advancements to meet the evolving needs of the SME sector. Together, HES FinTech and Alraedah Finance are set to redefine the landscape of financial services in Saudi Arabia, fostering economic growth and innovation in alignment with Islamic financial principles.

---

### LEAPing Forward: Meet HES FinTech in Riyadh

> Join HES FinTech at the LEAP conference in Riyadh, March 2024, for a deep dive into fintech innovation.

- Published: 2024-02-29
- Modified: 2025-05-17
- URL: https://hesfintech.com/blog/leaping-forward/
- Categories: Events, News

The LEAP conference was inaugurated in 2022 under the auspices of the Ministry of Communication and Information Technology (MCIT), the Saudi Federation for Cybersecurity, Programming, and Drones (SAFCSP), and the Informa company Tahaluf. It was conceived as a platform to bridge gaps and foster innovation across a wide spectrum of sectors including fintech, edutech, smart cities, and artificial intelligence. The event's launch in Riyadh was a resounding success, drawing an impressive crowd of over 100,000 visitors, featuring 700 tech companies, and announcing initiatives worth $6. 4 billion.   By 2023, LEAP attracted over 172,000 visitors, 900 exhibitors, and 700 speakers from 50 countries. The event became a pivotal meeting ground for 500 startups and 1026 investors wielding a combined Assets Under Management (AUM) of $2 trillion. This year, LEAP sets its sights even higher, aiming to redefine the boundaries of tech conferences. Scheduled to take place in Saudi Arabia, the conference is poised to attract 1300 investors, showcase 2000 exhibitors, and expand its venue to accommodate a 110% increase in floor space compared to previous years. These ambitious goals underscore LEAP's commitment to not just maintaining its status as a premier tech event, but also to expanding its scope to encourage global networking, spur innovation, and drive positive change across multiple industries. In this context, the participation of Dmitry Dolgorukov, co-founder of HES FinTech, at the LEAP conference in 2024 highlights the event's critical role in shaping the future of technology and finance. Through its inception, growth, and ongoing evolution,...

---

### HES FinTech's Expansion into the Middle East's Digital Lending Landscape

> Explore HES FinTech's journey into the Middle East's digital lending market, highlighting the strategic expansion into Saudi Arabia and the UAE amidst a financial sector boom.

- Published: 2024-02-26
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-fintechs-expansion/
- Categories: HES Clients, News

As HES FinTech embarks on a pivotal business journey to the Kingdom of Saudi Arabia and the United Arab Emirates, it's essential to recognize the transformative tide sweeping through the Middle East's financial sector. The region is witnessing an unprecedented boom in the alternative lending market, forecasted to grow by a staggering 44% to reach $12. 2 billion in 2027 alone. This surge is underpinned by a confluence of factors: a burgeoning fintech landscape, strategic partnerships enhancing digital lending capabilities, and a significant uptick in venture capital and private equity investments aimed at meeting the soaring demand for innovative financial solutions. The low credit penetration across the Middle East, coupled with a tech-savvy populace and favorable regulatory frameworks, is catalyzing a shift towards digital lending platforms. These platforms are not just filling the gap left by traditional banking institutions but are also reshaping the financial ecosystem to be more inclusive, efficient, and dynamic. Saudi Arabia and the UAE, in particular, are at the forefront of this financial revolution, leading the charge towards digitization and innovation in financial services. As we set our sights on these burgeoning markets, the timing couldn't be more opportune for businesses to embrace new tools and technologies. The landscape is ripe for disruption, with digital lending solutions offering a pathway to not only navigate the challenges posed by inflation and credit access but also to capitalize on the vast opportunities presented by the region's economic dynamism. The growing demand for Islamic finance software is also a...

---

### API Management in Finance: A Comprehensive Guide

> Learn how to enhance digital transformation in banking and lending through effective API lifecycle management for improved performance, security, and innovation.

- Published: 2024-02-22
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/api-management-in-finance/
- Categories: FinTech

Application Programming Interfaces (APIs) have become critical in connecting disparate systems and enabling digital transformation within various financial institutions. Central to maximizing the effectiveness of these APIs is API lifecycle management—a strategic process that guides APIs from creation to retirement, aligning them with business and technical needs. This article explores the essential stages of API lifecycle management and introduces digiRunner by TPIsoftware, a platform designed to streamline this process within the banking and lending sectors. What API Lifecycle Management Is: Definition and Key Stages APIs serve as the glue that integrates disparate systems, applications, and third-party services. Then, API lifecycle management is the systematic process of guiding them from conception through to retirement. It encompasses the planning, design, implementation, deployment, operation, and eventual sunsetting of APIs, ensuring they align with both business goals and technical requirements. The goal? Enabling financial institutions to optimize their APIs' performance, security, and utility throughout their operational lifespan, and address challenges that arise from integrating complex systems.   This process is broken down into several stages, each with its own set of activities that contribute to the API’s overall success and longevity. Let’s learn more about them.   Design Stage Activities The design stage is the foundational phase where the conceptual groundwork for the API is laid out. It begins with identifying the necessary process and business requirements, followed by the creation of a logical data model. This model is then translated into logical services and API groupings. To test the feasibility and functionality of...

---

### 10 Questions to Ask Before Choosing a Loan Management System

> Discover the key considerations for selecting the perfect Loan Management System (LMS) to enhance your financial institution's operations.

- Published: 2024-02-01
- Modified: 2025-01-28
- URL: https://hesfintech.com/blog/10-questions-to-ask-before-choose-a-lms/
- Categories: FinTech

With a decent loan management system, a company can improve the quality, performance, turnaround time, and customer experience for the clients. Beyond these immediate benefits, a well-chosen loan management system also acts as a shield, safeguarding your company from NPLs and seamlessly streamlining the entire loan processing cycle. In short, the right lending management software empowers alternative lenders with agility, cost-effectiveness, data-driven decision-making, and a competitive edge in the dynamic financial landscape. So, without further ado, let us embark on a journey of discovery as we explore the ten crucial questions that will guide you towards making an informed choice for your financial institution's success. 1. How Does the System Integrate with Existing Banking Infrastructure? One of the critical pillars of an effective Loan Management System (LMS) is its seamless integration with your existing banking infrastructure. The software has to integrate with existing banking solutions like CRM, ERP, etc. Moreover, it needs to support third-party integrations to further improve the functionality of the whole loan processing cycle. It will save a lot of time and help the other teams to get proper data. However, the integration does not stop there. A truly robust LMS should also possess the capability to support third-party integrations, further enhancing the functionality of the entire loan processing cycle. This not only saves valuable time but also ensures that other teams within your organization have access to the precise and timely data they require for informed decision-making. HES LoanBox comes with several inbuilt integrations and supports...

---

### Mastering KYC in Digital Lending

> Delve into the challenges and solutions of integrating KYC processes for enhanced security, compliance, and customer experience in the lending industry.

- Published: 2024-01-19
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/mastering-kyc-in-digital-lending/
- Categories: FinTech

KYC is a shorthand for Know Your Customer that refers to the collection, analysis, and verification of customer information to establish a person's true identity. This is a vital piece of information that generally includes personal, financial, and sometimes, biometric information. This information helps in assessing any potential risk and verifying the eligibility criteria for digital lending. From fraud prevention and risk mitigation to meeting certain legal and regulatory requirements, KYC plays a pivotal role in building customer trust in digital lending. KYC safeguards all sensitive information for operational efficiency and ensures proper regulatory compliance in digital lending platforms. However, there are a plethora of roadblocks that hinder its path to improved customer experiences. So, let's dive deep into knowing the different challenges of KYC and its paramount role in digital lending. Challenges in KYC The implementation and management of effective KYC strategies are fraught with challenges, each posing unique hurdles for financial institutions. As digital lending continues to grow, addressing these challenges becomes increasingly important to ensure not only regulatory compliance but also to maintain customer trust and operational integrity. In this section, we delve into some of the most pressing challenges that digital lenders face in implementing robust and efficient KYC processes. Integration with Existing Systems Integration with the existing systems poses a significant challenge in Know Your Customer (KYC) processes when it comes to digital lending. Generally, financial institutions rely on legacy systems, each with its own data formats and protocols. Bridging these technological gaps requires meticulous...

---

### HES FinTech's Landmark Bangkok Trip Fosters Groundbreaking Collaboration with Srisawad and TPIsoftware

> Get insights into the trip's objectives, including project enhancement, strategic planning, and user-centric software development, all aimed at advancing the FinTech sector.

- Published: 2024-01-16
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/business-trip-in-thailand/
- Categories: HES Clients, News

In December 2023, HES FinTech's Product Manager and Business Analyst Darya Voronyuk, led a strategic business trip to Bangkok, Thailand, for a crucial collaboration involving Srisawad Corporation and TPIsoftware. This visit marked a significant step in HES FinTech's global expansion strategy and its commitment to technological innovation in the financial sector. About HES FinTech's Strategic Partners, Srisawad Corporation and TPIsoftware Srisawad Corporation, a major player in Thailand's financial services industry, offers a broad spectrum of financial products and services. These include hire-purchase, personal loans, asset management, and comprehensive solutions like deposits, corporate lending, consumer lending, and bond representative services. TPIsoftware, the number one FinTech software company in Taiwan, brings a wealth of expertise and innovative solutions to the table. The company specializes in proprietary enterprise service platforms like DigiFusion and conversational AI product series SysTalk. ai. With a strong presence in Taiwan and subsidiaries in Singapore, Vietnam, Japan, and Thailand, TPIsoftware is renowned for its comprehensive software solutions, cloud services, and ability to aid businesses in digital transformation. Key Objectives of The Trip The trip involved intensive work sessions and strategic planning with the teams from Srisawad and TPI (Taiwan). These sessions were instrumental in aligning visions, brainstorming innovative solutions, and tackling complex challenges in the financial technology space. A significant aspect of the visit was the opportunity to observe Srisawad's end-users in their working environment, providing invaluable insights into their daily challenges and needs. This direct interaction is essential for HES FinTech in developing user-centric software solutions that are...

---

### Trends and Strategies in Risk Management For Digital Lending in 2024

> Learn how AI, ml, and blockchain are reshaping the industry, ensuring transparency, and streamlining credit risk assessment.

- Published: 2024-01-11
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/trends-in-risk-management-for-digital-lending/
- Categories: FinTech

With the digital lending market size projected to reach $20. 5 billion by 2026 at a growth rate of 13. 8% CAGR, the adoption of generative AI, ML, and blockchain-based technologies has surged.  Studies have shown that such use of FinTech has led to a 20% faster loan application processing speed than other lenders without any inaccuracy. Thus, these technologies prove to be useful in making the entire process of credit risk management seamless, transparent, and scalable. In this comprehensive guide, you will understand all the top trends ruling in the digital lending and credit risk management sector. So, without any further ado, let’s get started!   Risk Management Components in Digital Lending Financial institutions, FinTechs, and private lenders incur losses when the people who have borrowed money from them default on their loans and fail to repay the borrowed money in the given time. So, proper credit risk management is necessary, which allows financial lenders to assess, monitor, and manage the risk while lending money so that it aligns with their overall risk tolerance. Here, in the video below, Kuntal Sur (Risk Consulting & Leader, Partner, Financial Services & Treasury Risk Management at PwC India) discusses some new strategies for FinTech that will be beneficial to stand in the challenging digital lending space. https://youtu. be/WC6uaC795BU? feature=shared Now, we will go through some of the key components of risk management in digital lending. Credit Risk Assessment With a robust credit risk assessment approach, financial organizations can scrutinize the defaulters and make sure that they lend money...

---

### 5 Ways HES FinTech Helps You Save Operational Costs and Time

> Explore how HES LoanBox transforms banking and alternative lending with five innovative strategies. Learn about the power of automation, risk management, user-friendly interfaces, and top-tier security.

- Published: 2024-01-04
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/5-ways-hes-fintech-helps-you-save-operational-costs-and-time/
- Categories: FinTech

The banking and alternative lending sectors are increasingly turning towards technology for solutions, and this comes as no surprise. The transformative potential of software in these industries lies in its ability to significantly boost operational efficiency and drive cost savings. A striking example of this impact is illustrated in McKinsey's article, "The Transformative Power of Automation in Banking. " The case study of the Australia and New Zealand Banking Group, as featured in the article, showcases how implementing robotic process automation (RPA) at scale led to annual cost savings of over 30% in certain functions. This example underscores the profound effects that automation and digital transformation can have on financial services, transforming the way traditional banking and lending operations function. Building on this premise of technological advancement and its pivotal role in redefining operational strategies, this blog post delves into how specialized software solutions, such as HES LoanBox, can be instrumental for businesses in the financial sector. We will explore five key ways in which HES LoanBox assists businesses in saving operational costs and time, reflecting a new age of efficiency and financial management. Enhancing Credit Processes – The Backbone of Lending and Banking The importance of credit process automation for banking and alternative lenders stands at the core of operational efficiency and competitive edge in today's financial landscape. Automated systems can process loan applications with greater speed and accuracy, ensuring timely and reliable service delivery.   The Risks of Relying on Manual Credit Processes Businesses that rely on manual...

---

### Key Trends in Commercial Lending: What to Expect in 2024

> Learn how financial providers can stay ahead by adapting to these trends, ensuring client-first services and long-term success.

- Published: 2023-12-21
- Modified: 2025-04-04
- URL: https://hesfintech.com/blog/commercial-lending-trends-2024/
- Categories: FinTech, Trends

Business loans are a vital part of a healthy economy. Entrepreneurs, startups, and established companies alike seek financing for a variety of reasons — expansion, growth, debt consolation, new equipment, etc. — supporting the wider economic system and delivering products and services to the market.   In 2023, the commercial loan market in the US was estimated at $2. 77 trillion. However, just because demand is growing, doesn’t mean market need isn’t changing. For financial providers, keeping ahead of the commercial lending trends allows you to deliver a client-first service and get the best results long term.   Latest Statistics Driving the Business Lending Trends This Year Before we dive into the latest commercial and small business lending trends in technology and more this year, let’s get to grips with some of the statistics that are informing these changes: $9,012 billion — the value of the commercial lending market in 2021 $29,379. 83 billion – the value of the commercial lending market by 2030 Market growth at an estimated CAGR of 13. 1% within the next ten years Small businesses often seek out loans to improve their growth — 43% in 2019, 37% in 2020 Top reasons to apply for a business loan include business expansion (42. 4%), equipment purchase (29. 4%), and marketing and advertising (28. 6%). What’s Driving the Commercial Lending Trends in 2024 and Beyond? 5 Small Business Lending Mistakes and How to Fix ThemEver since the beginning of the pandemic, the loan market has been shifting in...

---

### Taiwan Through the Lens of HES FinTech

> Discover insights into the expanding partnership with TPIsoftware Corporation and the potential growth in the fintech sector.

- Published: 2023-12-20
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/taiwan-through-the-lens-of-hes-fintech/
- Categories: News

HES FinTech is excited to share the details of our Sales Executive Darya Nehaychik's recent trip to Taipei, Taiwan, which took place from December 3 to Friday, December 8. This visit marks a significant step in strengthening our partnership with TPIsoftware Corporation and exploring new avenues in the fintech sector. During her visit, Darya engaged in fruitful discussions with several potential customers about the lending software opportunities offered by HES FinTech. A key focus of these meetings was the implementation and regional marketing strategies for digiBox, our innovative product that integrates digiRunner's patented API management platform with LoanBox SaaS lending system. This synergy creates a robust lender's starting kit, simplifying the addition of other components for our clients. Darya and TPIsoftware also deliberated on strategic directions to enhance the TPIsoftware - HES FinTech partnership, building upon a two-year collaboration history. As Darya remarks, "It was my first trip to Taiwan, and I was thoroughly impressed by the dedication and synergy of the TPIsoftware team. Our mutual goals and the common sense approach they exhibit are commendable. This trip has certainly laid the groundwork for more efficient offline discussions in the future. " In addition to the business agenda, Darya immersed herself in the rich cultural tapestry of Taiwan. She highlights, "The local cuisine was an absolute revelation, with its fresh seafood, diverse tea flavors, and unique culinary combinations like omelet with baby octopi. Every meal was a delightful experience. " Navigating the nuances of Taiwanese customs, Darya observed the respectful...

---

### 5 Small Business Lending Mistakes and How to Fix Them

> Learn about common pitfalls in loan applications, risk assessments, and explore effective strategies for improving your lending practices with insights on AI-powered solutions and data-driven decision making.

- Published: 2023-12-14
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/5-small-business-lending-mistakes-and-how-to-fix-them/
- Categories: FinTech

With small businesses inclining towards loans from banks and other institutions for that extra capital, they tend to make several mistakes that can backfire in the worst way. Mind you, even a rookie mistake for quick loan approval can turn out to be a big blunder, especially with consistent increase in interest rates over the last two years. This blogpost points out all the common mistakes in small business lending and their viable solutions to save yourself from the bear trap of hefty or hidden loan interest amounts later. So, let's get started! Mistake 1: Inadequate Risk Assessment Inadequate risk assessment is one of the top mistakes that can impact the complete performance of the entire portfolio for a small business. It comes with far-reaching consequences that can affect the overall performance. The mistake can lead to exposure to unnecessary risks as the investors may not be aware of various risks associated with the investments. It results in setting financial expectations and goals that are unrealistic. Furthermore, this mistake can result in poor diversification of the portfolio which leads to higher systematic risk. How to Choose Affordable SME Lending SoftwareOne of the top solutions to fix this mistake is by implementing an AI-powered credit scoring system for your small business lending approach. HES LoanBox is a smart lending software that comes with a Back office module that offers an AI-powered credit scoring feature. It automates all the underwritings with smart pre-approvals. Also, it scores all the requests automatically and identifies irresponsible...

---

### Automated Lending Software or Traditional CRM for Lending: What to Choose?

> The article discusses the evolution of lending software, from manual processes to the introduction of CRM systems, and ultimately to the current state of automated lending software.

- Published: 2023-12-09
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/automated-lending-software-or-traditional-crm-for-lending-what-to-choose/
- Categories: FinTech

Evolving needs and challenges continually shape the lending landscape. The global lending market has witnessed significant growth, surging from $7,887. 89 billion in 2022 to $8,682. 26 billion in 2023, marking a substantial compound annual growth rate (CAGR) of 10. 1%. This surge isn’t just a numerical shift but a testament to the industry’s adaptability and response to the changing economic climate. During this period, the digital lending market is expected to grow from $405. 11 billion in 2023 to an impressive $710. 76 billion by 2028, with a notable CAGR of 11. 90%. This expansion owes much to the challenges faced by SMEs during the COVID-19 pandemic, prompting a demand for innovative lending solutions. Amidst this growth, the popularity of personal loans has soared. As of the second quarter of 2023, a striking 22. 7 million Americans held personal loans, indicating an 8. 1% increase from the previous year. This surge highlights a broader trend in which individuals extensively use personal loans for various needs, such as debt consolidation and reducing interest payments. However, this growth is not devoid of challenges. The economic environment, marred by inflationary pressures and the looming specter of a possible recession, has significantly influenced lending practices and consumer behavior. In response to these shifting conditions, lenders have had to adjust their strategies to stimulate loan growth by accommodating more subprime and near-prime customers. The convergence of these factors underscores the need for lending businesses to pivot their strategies and embrace innovative approaches to meet...

---

### HES FinTech and Wadiaa Join Forces to Disrupt Crowdfunding in the GCC

> HES FinTech partners to transform the GCC's crowdfunding landscape, aligning with Oman's Vision 2040 to boost SME growth.

- Published: 2023-12-07
- Modified: 2025-04-05
- URL: https://hesfintech.com/blog/hes-fintech-and-wadiaa-join-forces-to-disrupt-crowdfunding-in-the-gcc/
- Categories: News

This partnership signals a transformative shift in the GCC's crowdfunding landscape, spearheaded by HES FinTech's technological expertise. Aligning with Oman’s Vision 2040: A Power Play for SMEs Key to this partnership is a shared vision with Oman's ambitious Vision 2040 - fueling the growth of small and medium enterprises (SMEs) in the GCC. Wadiaa’s crowdfunding lending platform is a game-changer, targeting a mammoth $25 billion financing gap that has long stifled SME and entrepreneurial advancement in the region. What Makes the Platform Unique The platform isn’t just another digital tool; it's a fusion of user-centric design and breakthrough technology. By simplifying access and connecting creditworthy businesses with investors – both individual and institutional – Wadiaa is crafting a marketplace where impactful investments meet tangible returns. Wadiaa’s approach to investment democratizes the process and makes funding accessible to everyone interested in banking promising ventures. What adds to the benefits of Wadiaa’s approach is the opportunity to diversify investment portfolios: it presents a range of high-risk, high-return opportunities across various campaigns, allowing for a more balanced and potentially lucrative investment strategy. The platform encompasses all aspects of the investment process, including remote KYC and necessary paperwork, enabling investors to manage their investments efficiently, even while on the move. It also ensures that investors stay continuously updated on the progress of their investments. Wadiaa fosters a community where investors, including Angel Investors, VCs, and social media influencers, can engage, share insights, and offer support. HES FinTech: Expanding Its Fintech Footprint This venture marks...

---

### 14 Tools Alternative Lenders Should Know About

> From FICO's standard in credit scoring to Experian's comprehensive credit reports, this article covers the key resources alternative lenders need for effective credit assessment and customer communication.

- Published: 2023-11-30
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/14-tools-alternative-lenders-should-know-about/
- Categories: Trends

Alternative lending is rapidly evolving, and so must the tools alternative lenders use on a daily basis, to grow the customer base and provide exceptional service to existing customers. From credit assessment to customer communication, the right set of tools can make all the difference. Here, we explore essential tools that every alternative lender should know about. Let’s get started. FICO How Fintech is Transforming the Lending IndustryFICO is synonymous with credit scoring. For alternative lenders, it's an invaluable tool for assessing credit risk. FICO scores provide a quick, standardized measure of a borrower's creditworthiness, helping lenders make informed decisions. Beyond scoring, FICO offers analytics and decision-making solutions that can be integrated into the lending process for enhanced risk assessment. Experian Experian is a global leader in consumer and business credit reporting. Its detailed credit reports are crucial for lenders to understand a borrower's financial behavior and credit history. Experian's advanced analytics and comprehensive data sets also assist in fraud prevention and risk management, making it a top choice for alternative lenders. Equifax Equifax offers detailed credit reports and scores, similar to Experian, but with its own unique data insights. Its robust portfolio includes fraud prevention tools, identity verification services, and risk management solutions. Equifax’s extensive data helps lenders make more accurate and fair credit decisions. PandaDoc PandaDoc streamlines the document management process, a critical component in lending. It allows for the creation, distribution, and e-signature of loan documents, making the process faster and more efficient. With PandaDoc, lenders can...

---

### The Integration of digiRunner in Digital Lending

> The digital lending landscape is undergoing a transformation, driven by innovation and the integration of advanced technologies. A pivotal development in

- Published: 2023-11-23
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/the-integration-of-digirunner-in-digital-lending/
- Categories: News

The digital lending landscape is undergoing a transformation, driven by innovation and the integration of advanced technologies. A pivotal development in this journey is the integration of digiRunner, a product by TPIsoftware, known for its cutting-edge enterprise solutions. This blog post explores how digiRunner is revolutionizing digital lending, enhancing efficiency, and reshaping customer experiences. About our Partner, TPIsoftware TPIsoftware, established in 2005 and recognized as Taiwan's No. 1 DX Software Company, has been a frontrunner in delivering end-to-end IT outsourcing, multi-cloud, and cross-cloud management services. With over 400 large-scale success cases, TPIsoftware has made its mark as a leading fintech software solution provider, earning accolades like the FT top 500 Asia-Pacific fast-growing companies in 2022 and 2023, and Taiwan Excellence Awards for its SaaS products . digiRunner: A Catalyst for Change in Digital Lending digiRunner, a cloud-native API management platform from TPIsoftware, represents the zenith of technological advancement in the lending sector. As a platform that adheres to the highest standards of security and operational efficiency, certified by AWS and ISO 27001, digiRunner is redefining how lending services are delivered and managed. The Synergy of digiRunner and LoanBox The integration of digiRunner with LoanBox is set to revolutionize the financial ecosystem for the BFSI sector. This synergy aims to: Enhance lending workflow: Streamlining the entire process from loan application to disbursal. Robust security and compliance: With its compliance with Open Banking standards, digiRunner ensures top-tier security and regulatory adherence, crucial for handling sensitive financial data. Improve customer experience: With digiRunner,...

---

### Exploring AI in Debt Collection in the Philippines

> GiniMachine is excited to announce its upcoming podcast: "Enhancing Debt Collection Strategies with AI," specifically focusing on the Philippines'

- Published: 2023-11-23
- Modified: 2025-05-02
- URL: https://hesfintech.com/blog/exploring-ai-in-debt-collection-in-the-philippines/
- Categories: Events

GiniMachine is excited to announce its upcoming podcast: "Enhancing Debt Collection Strategies with AI," specifically focusing on the Philippines' financial sector. Scheduled for December 6th at 3 PM Philippine Time, this event promises to be a groundbreaking exploration of AI's role in modernizing debt collection. The Philippines' banking and fintech landscape is rapidly evolving, and AI stands at the forefront of this transformation. Our podcast aims to dissect the impact and potential of AI-driven strategies in debt collection within this vibrant market. What to Expect Our session will delve into: - The Integration of AI in Debt Collection:  We'll explore the current state and potential advancements of AI in debt collection in the Philippines. - Strategies and Solutions: Attendees will learn about effective AI strategies that can enhance efficiency and customer relations in debt collection. - Expert Insights: The podcast will feature our speakers sharing their experiences and insights. Meet Our Speakers Renata Sarvari, Head of Business Development at GiniMachine, with her expertise in scoring, collection, and process automation, will provide valuable insights. Ian (Martin) Madrid, CEO of S. P. Madrid, brings his experience from leading a top debt collection agency in the Philippines and UAE. Who Should Attend This podcast is an invaluable resource for professionals in the banking and fintech sectors, particularly those in consumer and commercial lending, microfinance, and credit unions, operating in the Philippines. Join Us Don't miss this opportunity to gain insights into the transformative power of AI in debt collection.

---

### Meet GiniMachine at Social Finance Vibe 2023

> “Social Finance Vibe: Empowering the Future” is a prestigious virtual conference organized by our partner Microfinance Centre and co-financed by the

- Published: 2023-11-15
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/meet-ginimachine-at-social-finance-vibe-2023/
- Categories: Interviews

“Social Finance Vibe: Empowering the Future” is a prestigious virtual conference organized by our partner Microfinance Centre and co-financed by the European Union, dedicated to the dynamic and evolving world of social finance. The conference promises to be a melting pot of ideas, innovations, and insights, bringing together over 40 expert speakers and 500 professionals from around the globe. How we’re involved Mark Rudak, GiniMachine’s Product Owner and Andre Kravchecnko, partner of HES FinTech will be sharing insights on the latest advancements in AI and machine learning from our product, and how these innovations are shaping the future of financial decision-making and services. Registration The conference will take place on Zoom from November 21-22. Mark and Andre will be speaking on November 22 at 12:40 PM. Reserve your spot for free here.

---

### Ivan Kovalenko of HES FinTech: Alternative Lending, AI for Finance and Fintech Trends

> The alternative financing landscape is undeniably in flux. As digital advancements continue to reshape our world, they are also redefining the boundaries

- Published: 2023-10-19
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/ivan-kovalenko-of-hes-fintech-alternative-lending-ai-for-finance-and-fintech-trends/
- Categories: Interviews

The alternative financing landscape is undeniably in flux. As digital advancements continue to reshape our world, they are also redefining the boundaries of finance, ushering in a wave of novel opportunities and unique challenges. Let's delve into some of the most compelling and insightful statistical data on the subject: The global alternative financing market was valued at $10. 82 billion USD in 2022, and it is expected that the compound annual growth rate (CAGR) will be 20. 2% from 2023 to 2030. The primary audience for alternative lenders is Generation X, ages 33-48, representing 45% of all borrowers. Most often, established businesses (5+ years in the market) seek alternative lending. They make up 29% of SME borrowers. To gain a deeper understanding of these shifts, especially in the domains of alternative lending, AI in finance, and emerging fintech trends, we sat down with Ivan Kovalenko, the co-founder of HES FinTech. With years of experience and an astute understanding of the industry, Ivan delves into the current landscape of alternative financing and what the future holds. Here's what he had to say. The Future of Alternative Lending As the CEO and co-founder of HES FinTech, how do you see the state of alternative lending and its trajectory in 2023? Ivan: Right now, the alternative lending market is pretty fragmented, and its growth varies by region. In some countries, regulatory forces and market dynamics are nudging alternative lenders toward becoming more like traditional banks. Kazakhstan is a prime example where many leading...

---

### Financial Regulations in Thailand, Canada, Australia, and Saudi Arabia

> In this article, we will journey through four countries - Thailand, Canada, Australia, and Saudi Arabia - exploring their unique lending software compliance landscapes.

- Published: 2023-09-28
- Modified: 2025-04-05
- URL: https://hesfintech.com/blog/financial-regulations-in-thailand-canada-australia-saudi-arabia/
- Categories: FinTech, Trends

Businesses are no longer confined to the borders of their home countries. As they expand globally, they are met with a myriad of compliance requirements that vary from one nation to another. From the bustling streets of Bangkok to the vast landscapes of Canada, the sun-kissed coasts of Australia to the rich heritage of Saudi Arabia, each country presents its own set of regulatory challenges. Understanding these requirements is not just a matter of legal obligation but is crucial for any business aiming to thrive in the international arena.   In this article, we will journey through four diverse nations - Thailand, Canada, Australia, and Saudi Arabia - exploring their unique lending compliance landscapes. Whether you're a startup looking to venture abroad or an established entity aiming to strengthen your global foothold, this guide will shed light on the intricacies of compliance in these countries and help you navigate the complex tapestry of international regulations. Thailand  Leading the way in Southeast Asia, Thailand has actively embraced 5G technology to bolster and enhance its capabilities in deep tech areas like blockchain, artificial intelligence (AI), big data, robotics, cloud computing, and machine learning. Thanks to the country's forward-looking development of information communication technology (ICT) infrastructure and regulatory landscape, Thailand has emerged as one of the most rapidly expanding fintech markets in ASEAN. It also boasts one of the world's largest consumer bases for fintech mobile banking. KYC and AML in Lending or How Automation Improves ComplianceIn Thailand, the industry operates under the...

---

### How Fintech is Transforming the Lending Industry: 5 Ways Technology is Making Loans More Accessible and Affordable

> In recent years, financial technology, or fintech, has been reshaping the lending industry in ways that benefit both borrowers and lenders. This digital

- Published: 2023-09-21
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/5-ways-technology-is-making-loans-more-accessible-and-affordable/
- Categories: FinTech

In recent years, financial technology, or fintech, has been reshaping the lending industry in ways that benefit both borrowers and lenders. This digital revolution has made loans more accessible and affordable for individuals and businesses. This article will explore five key ways technology is driving this transformation. 1. Streamlined Application Processes Traditionally, applying for a loan could take a lot of work. Applicants had to gather piles of paperwork, endure long waits, and navigate a maze of bureaucracy. Fintech has revolutionized this experience by simplifying and expediting the application process. Online Applications Fintech platforms offer online application forms you can complete in a few minutes. These user-friendly forms often require minimal documentation, reducing the burden on applicants. Traditionally, applying for a loan necessitated a small pile of physical documents, such as bank statements, tax returns, payslips, and identification documents, which must be collected, photocopied, and submitted physically or scanned. Fintech's online applications, on the other hand, often demand only essential information, such as basic personal details, income sources, and a few financial specifics. Automated Verification Advanced algorithms and artificial intelligence now enable instant verification of applicant information. Such a feature reduces the time needed for background checks and credit assessments. In the traditional lending landscape, these processes could take days, if not weeks, as financial institutions meticulously scrutinize physical documents and manually cross-referenced information. Fintech platforms, powered by automated verification, have turned this lengthy ordeal into a swift, near-instantaneous procedure. Such a revolutionary shift from bureaucratic processing of eligibility benefits...

---

### Discover the Future of Alternative Lending in Saudi Arabia: A Webinar Overview

> Watch the webinar recording to learn about the titanic shift in the lending industry in Saudi Arabia and the benefits it offers to entrepreneurs.

- Published: 2023-09-20
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/discover-the-future-of-alternative-lending-in-ksa/
- Categories: Events

The webinar, "Lending 2. 0: Navigating the Future of Alternative Lending in KSA," offers an unparalleled opportunity to understand this shift towards alternative lending models. This recording is a deep dive into the evolving landscape of finance in the Kingdom, led by luminaries in the fintech world. It's tailored for a diverse audience — from alternative lenders to CFOs, CEOs, and operations managers across various sectors like consumer and commercial lending, P2P/POS lending, microfinance, in-house financing, and credit unions. Essentially, any professional navigating or interested in the complexities of organizational decision-making in finance will find this webinar invaluable. What Will You Learn? The webinar goes beyond theoretical discussions, offering attendees a comprehensive roadmap for launching or digitizing a lending startup in Saudi Arabia. You'll explore: Market insights: Understand the current trends, opportunities, and challenges within the KSA lending market. Digital transformation: Learn how to pivot your existing business model towards digital, leveraging the latest in technology and strategic thinking, including the benefits of utilizing a loan management system in Saudi Arabia. Strategies for success: Discover precise strategies for digitizing your lending enterprise, from customer engagement to backend processing. https://www. youtube. com/live/c4yaf8aRcxM? si=a2eNciN8CuubnrVV

---

### Special Offers from HES FinTech for 2023: Transform Your Credit Business

> From a complimentary, high-conversion landing page for your credit products to a risk-free trial of our transformative LoanBox software, we're dedicated to boosting your business's efficiency and appeal.

- Published: 2023-09-20
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/special-offers-for-hes-loanbox-2023/
- Categories: HES LoanBox

At HES FinTech, we are committed to providing the best solutions for your credit business. As we step into 2023, we are excited to announce a range of special offers designed to make your journey with us even more rewarding. Here's what we have in store for you: Offer 1. Free Landing Page for Your Credit Product Would you like the front door to your credit business to be stylishly crafted and seamlessly guide your borrowers through the application process? That’s what we deliver to all our clients. And our new clients in 2023 will receive a complimentary HES LoanBox landing page. This web page is designed to provide information about your credit product and is fully synchronized with LoanBox and your offerings. It always displays up-to-date information and allows you to accept applications from your clients, which are directly fed into the system for processing. What’s more: Omnichannel access: Your clients are always on the go, and so should your services be. Enable them to access the finance landing page from multiple devices. Whether they start filling out the application on a smartphone or a desktop, they can easily pick up where they left off on another device. Customizable design: Change the text, upload photos—essentially, tailor the landing page to reflect your brand's unique feel.   High conversion rates: People are busy and don’t have time to figure out how to use things. Save their time, simplify their life–and they will become your most loyal clients. Our landing platform...

---

### HES FinTech Announces Strategic Partnership with TPIsoftware, Taiwan's Leading Digital Transformation Software Company

> HES FinTech is thrilled to announce a groundbreaking partnership with TPIsoftware, a pioneer in digital transformation and enterprise B2B software

- Published: 2023-09-14
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/partnership-with-tpisoftware-taiwans-leading-digital-transformation/
- Categories: News

HES FinTech is thrilled to announce a groundbreaking partnership with TPIsoftware, a pioneer in digital transformation and enterprise B2B software solutions. This collaboration signifies a pivotal moment for both organizations as we synergize our expertise to offer comprehensive and innovative fintech solutions to our esteemed clientele. About TPIsoftware TPIsoftware, founded in 2005, is Taiwan’s No. 1 DX Software Company and a leading fintech software solution provider. With over 400 large-scale success cases, the company offers a range of products and services, including end-to-end IT outsourcing, multi-cloud and cross-cloud management services. TPIsoftware has been recognized as one of the FT top 500 Asia-Pacific fast-growing companies in 2022 and 2023 and has received Taiwan Excellence Awards for its SaaS products. We are incredibly excited to join forces with TPIsoftware. Their reputation for innovation and excellence in the fintech sector makes them an ideal partner. This collaboration will enable us to offer our customers a more diverse range of fintech solutions, backed by TPIsoftware's proven expertise. Ivan Kovalenko Co-Founder and CRO of HES FinTech The integration of TPIsoftware’s solutions into our existing platform will simplify operational complexities and elevate the user experience, thereby fostering customer trust and satisfaction. This collaboration is not just a business move; it's a leap forward in setting new standards for fintech solutions globally. The partnership is a win-win for both our companies and, most importantly, for the diverse and growing clientele we serve.

---

### Meet HES LoanBox's Enhanced Loan Calculator

> User-friendly, swift, and secure, our newest update revolutionizes the Loan Calculator, making the loan application process more transparent and flexible.

- Published: 2023-09-13
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-loanbox-enhanced-loan-calculator/
- Categories: HES LoanBox

We've been hard at work fine-tuning HES LoanBox to make it as user-friendly, fast, and secure as possible. After rolling out the update for the Agent Portal, we're now excited to introduce our latest update focused on the Loan Calculator. What’s New Special Offers from HES FinTechThree new features will make the loan application process more transparent for borrowers, and more flexible for lenders. Let’s have a look.   Amount Selection Step The new "Amount Selection Step" feature simplifies the process of choosing a loan amount. For instance, if the amount selection step is set at 1,000 CAD, a single slide of the slider will increase or decrease the loan amount by 1,000 CAD. The result? Quick and effortless adjustments that enable customers to find the loan amount that suits them best. Term Selection Introducing the New Agent Portal for HES LoanBoxThe "Term Selection" provides borrowers with the flexibility to choose between the minimum and maximum loan repayment terms, so they could have more control over the loan terms. Customizable Loan Terms What are some of the biggest pain points for potential borrowers and major stress factors for people in general? Lack of transparency and unpredictability.   Knowing that, we developed the ‘Customizable Loan Terms’ feature. Now, lenders can set specific loan term values and provide borrowers with complete transparency regarding the loan amount, interest rate, and loan term. Even those who want to understand every single detail before making a decision will be satisfied. Final Thoughts  We've developed this...

---

### 7 Lending KPIs to Measure the Success of Your Finance Business

> Financial KPIs are the important metrics that help the managers of the financial institution to analyze the growth of the business toward its end goals.

- Published: 2023-09-07
- Modified: 2025-01-28
- URL: https://hesfintech.com/blog/7-lending-kpis-to-measure-lending-business-performance/
- Categories: FinTech, Ideas

Financial KPIs (Key Performance Indicators) are the important metrics that help the managers of the financial institution to analyze the growth of the business toward its end goals. The lending KPIs help them analyze the financial and operations strength of the business and get deep insights. They offer a visualization of key data for the lending business and can give an immediate snapshot of its health. Moreover, they are highly beneficial when managers analyze and evaluate certain trends for the business over a given period of time. Let us go through some stats to understand the importance of tracking the critical KPIs for lending businesses. Statistical Overview According to the report, bank profitability reached a 14-year high in the previous year, with revenue growth of $345 billion for the bank. The sharp increase in the interest in the net margins helped the growth. Moreover, the loan approval rate rose to 73% in 2021, and financial institutions experienced a rise in more returns, with 13. 7% of loans returning back some portions by 2021. Commercial Lending Trends 2024All these stats highlight the importance of KPI monitoring by the managers to strive for the business to better growth. In the next section, you will get the top lender KPIs that can help the management and stakeholders of the lending businesses to track the progress and deploy proper strategies to grow to the next level. 7 Major Lending KPIs 1. Loan Approval Rate The loan approval rate (LAR) is an essential KPI for...

---

### Introducing the New Agent Portal for HES LoanBox

> Key features include user invitations, bank detail entry, agent dashboard access, lead management, and simplified offer dispatch to leads.

- Published: 2023-08-30
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/introducing-the-new-agent-portal-for-hes-loanbox/
- Categories: HES LoanBox

Within the rapid advancements in the fintech industry, HES LoanBox remains at the forefront of digital solutions. By consistently engaging with our clients, heeding their feedback, and adapting HES LoanBox to the specific needs of alternative lenders, banks, and financial institutions, we're excited to unveil our newest product component: Agent Portal. What is Agent Portal? Special Offers from HES FinTechAgent Portal is a standalone application fortified with its separate security system settings. This portal has been structured with distinct roles: Agent Broker Lending partners  Merchant Furthermore, agents can access the applications linked to their profile under the Applications tab and contracts under the Contracts tab.   Back Office updates Upon logging into the Back Office, users will notice a new section titled Agents. Designed with a seamless interface, this new section resonates with the existing look and feel of Applications and Loans.   The Back Office lists all the agents and is equipped with filters for easy navigation. BO users can view key information such as the legal name, tax number, email, website, and other contact details. HES LOANBOX Looking for custom software for lending? Learn more about how HES LoanBox can benefit you Learn more Features and Functionalities Meet HES LoanBox's Enhanced Loan Calculator1. User Invitations via Email: Agents can invite other users using their email addresses. The invitee will receive an email containing their login credentials. 2. Bank Details Entry: The subsequent step post-registration is entering the bank details. 3. Agent Dashboard Access: Once the bank details are...

---

### Lending-as-a-Service Platforms Overview: How it Works, Benefits, Examples

> Consumers have to spend a lot of time completing the process of loan approval through traditional channels like financial providers and banks. Moreover,

- Published: 2023-08-22
- Modified: 2025-06-17
- URL: https://hesfintech.com/blog/embedded-finance-lending-as-a-service-platforms-benefits/
- Categories: Banking, FinTech

Consumers have to spend a lot of time completing the process of loan approval through traditional channels like financial providers and banks. Moreover, SMBs don’t have the time, resources, and patience to adhere to the strict guidelines of the whole process. Lending as a Service platform offers an excellent solution to this pain point and allows consumers to enjoy end-to-end credit without any hassle. Moreover, financial providers can experiment with new services and products through LaaS without adding high stress to their budget. HES LoanBox is one such exceptional LaaS provider that is transforming the FinTech sector. In this article, we will understand the workflow of LaaS for lending businesses, its benefits, and get familiar with the top providers. However, before all this, let’s dive into the details of LaaS. What is lending-as-a-service? Lending as a Service comes as an extension of credit that doesn’t follow traditional financial channels like credit unions, banks, and other entities. Also, referred to as Marketplace Lending (MPL), LaaS leverages the power of new and modern technologies to surface the products and lending services to the consumers by going out of these channels.   LaaS is a subset of BaaS (Banking as a Service), where businesses use cloud infrastructure and APS to create and manage their own financial services and reduce the dependency on traditional banking channels. Alternative Finance vs Banking: Industries Non-Traditional Lenders Turn Mainstream InMoreover, LaaS is a part of embedded finance like BaaS and CaaS (Cards as a Service). It refers to...

---

### HES LoanBox Grand Update: Even More Powerful Features

> HES LoanBox is back with a bang, bringing a fresh set of enhancements to supercharge your lending experience.  Our latest goals achieved Expanded

- Published: 2023-08-11
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-loanbox-august-2023-update/
- Categories: HES LoanBox

HES LoanBox is back with a bang, bringing a fresh set of enhancements to supercharge your lending experience.   Our latest goals achieved Expanded lending use cases: With the integration of LoanBox, we now cover an even broader spectrum of lending scenarios. Empowering customers: We believe in giving power to our users. Experience heightened autonomy like never before. New markets & regions: We're stretching our horizons, venturing into exciting new regions like Australia and New Zealand.   What’s new  We've introduced tailored applications for Agents, Merchants, and Brokers, added multiuser capabilities for enhanced collaboration, and streamlined lead and borrower management. Our back office now boasts a revamped Agent’s module with CRUD features. Plus, with our new loan calculator, make precise decisions using pre-defined options. Stay organized with our enhanced document management system and enjoy payment flexibility, essential for both Borrowers and Underwriters.   These updates deserve a full blog post with visuals to show how everything will work. Stay tuned – it's coming soon. We did our best to make HES LoanBox more convenient to use for different types of lenders. Now you can customize loan application forms to fetch the necessary data, integrate only certain modules into your proprietary systems, and seamlessly connect LoanBox to your marketplace as a powerful BNPL solution. Nata Savastsenka Product Owner of HES FinTech A few words about our integrations  In our continuous pursuit to enhance user experience and broaden our service offerings, we're thrilled to announce a slew of new integrations. These additions...

---

### Loan Management Software Price: The Cost of Custom Development vs. Ready-Made Lending Systems

> Explore the costs, benefits, and considerations of custom vs ready-made lending solutions for your business. Learn how HES LoanBox can deliver the best of both worlds - tailored efficiency and startup speed with full compliance.

- Published: 2023-08-04
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/custom-development-vs-turnkey-loan-management-system-pricing-costs/
- Categories: FinTech

The rapidly evolving fintech landscape has presented a unique set of challenges and opportunities for lending businesses, banks, and financial institutions. Today, we stand at the intersection of financial services and technology where a modular system for lending businesses is revolutionizing the way we perceive traditional banking and financial operations. But the critical question that arises is: Should we opt for a ready-made solution, or should we develop a system from scratch? In this blog post, we will dive deep into both options, providing you with a comprehensive comparison and enabling you to make an informed decision. Understanding custom loan software development Custom-built lending solutions represent software that is specifically designed and constructed to align with the unique needs, processes, and operational structure of a business. Unlike the off-the-shelf solutions, these aren't general-purpose applications; rather, they're meticulously developed from scratch, keeping every detail of the business' specific requirements at the forefront. Choosing Between Perpetual vs Subscription Licensing for Lending Software Given the bespoke nature of custom lending software development, the features are as diverse as the businesses themselves. In the context of lending businesses, a custom solution could potentially offer a tailor-made landing page, a borrower portal designed with custom workflows, and a back-office suite reflecting the exact operational model of your organization. Advantages of custom-built lending systems The main allure of custom-built platforms lies in their flexibility and high degree of customization. These solutions (when developed by the experienced development team) offer the potential for a perfect fit within...

---

### Digital Transformation Roadmap for Finance and Lending: Step-by-Step Guide

> Take a 5-minute quiz to get a FREE personalized digital transformation roadmap for Finance Services and Lending Business. No email is required.

- Published: 2023-07-27
- Modified: 2025-06-17
- URL: https://hesfintech.com/blog/digital-transformation-strategy-finance-lending/
- Categories: Banking, FinTech

Over the past decade, digital transformation still stays on top of people’s minds. According to projections, the global DX market is anticipated to reach $1,009. 8 billion by 2025, exhibiting substantial growth from its 2020 value of $469. 8 billion. This represents a CAGR of 16. 5% throughout the specified period. IDG projects the second largest industry to adopt the digital-first approach in 2023 is finance. Technology evolves fast, and following the innovations was never easy both for small and large financial institutions. Let’s take a look at the latest trends on the way to digital finance strategy development. Get a digital transformation roadmap for your finance business Want to get a ready-made roadmap for the digital transformation of your finance business? Take a 5-minute quiz. Select the option that most accurately represents your situation. Once you complete the quiz, you will receive a finance digital transformation strategy tailored specifically for your lending company. Your answers are totally confidential. How to develop a finance digital transformation roadmap About 70% of companies have a finance digital transformation roadmap or elaborate one. It is clear that to stay at the competitive edge, both alternative lenders and banks should embrace technological advancements. However, there is a lack of actionable insights on how to develop a custom digital transformation strategy. Here is a guide on how to create one. Prioritise areas for automation In a survey conducted by Ernst & Young, it was found that 83% of the respondents identified day-to-day transaction processing, monthly...

---

### Automated Loan Underwriting System: Features & Requirements

> As automated loan underwriting adoption accelerates, many are considering the features they need to be successful without breaking the bank. Find out all you need to know here.

- Published: 2023-07-25
- Modified: 2025-01-28
- URL: https://hesfintech.com/blog/automated-loan-underwriting-system-features-requirements/
- Categories: FinTech

Automated loan underwriting accelerates and simplifies the lending process by reducing the manual workload and speeding up the approval process while maintaining accuracy and lowering risk. With AI adoption as a whole more than doubling within the last decade to around 50-60% of all organizations, it’s little surprise that finance organizations and lending bodies are turning en-masse to AI-powered loan underwriting systems and tools to empower their businesses and get the results they need to get the competitive edge.   How AI is Used in Fintech in 2023: Top 8 Use Cases As AI has advanced, the options available to companies seeking AI software for loan origination and underwriting have expanded at the same pace. To help you get to grips with the current market, and make smarter selections for your digital updates, we’ve created this short guide to trends, features, and requirements that we see as the most asked-for on the market today.   AI and automated loan underwriting: the stats Before we dive into the how, let’s take a look at the numbers behind the growth of AI and how this impacts industry adoption. AI is evolving. Splitting from traditional AI and analytics, new industry trends have branched out into advanced AI systems. In terms of total potential annual revenue, traditional AI in fraud and debt analytics is estimated at a not-too-shabby $371. 9 billion, while advanced analytics is estimated at $84. 3 billion. Showing an interest in both tried-and-tested and new solutions. Meanwhile, in accounting and IT,...

---

### Digital Payments Trends to Watch Out For in 2023 and Beyond

> What is the future of digital payments trends in 2023 and beyond? Discover this and more in our article. Biometric solutions, changing regulatory landscape, and more

- Published: 2023-07-11
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/digital-payments-trends/
- Categories: Trends

Estimated to reach over $3 trillion by 2026, the digital payment trends that have dominated the last twenty years of finance, with a few hiccups along the way, are showing no signs of changing trajectory and remain popular among both B2C and B2B segments alike.   But that doesn’t mean they’re not evolving. Keeping on top of the next evolution in payments is critical to ensuring your business meets the grade. Below, we’ll walk you through the most important payments industry trends we see businesses adopting and what they mean in real terms.   Growth and digital payment trends in a numbers Estimated size of the digital payments market transaction value in 2023 — $9. 46 trillion. In the next five years, the CAGR of digital payments market transaction value is estimated at around 11%, equaling a total growth to $14. 78 trillion by 2027. China holds one of the highest cumulated transaction values with an estimated value of $3,639 billion in 2023. Cashless payment volumes have increased by a massive 42% 90% of useful customer data for banks comes from payment information With growing interconnectedness, 42% believe that cross-border payment technology usage will accelerate. What’s driving global technology trends this year? Although we can safely say there is a marked growth in the digital payments industry, before we dive into the latest B2C and B2B payments trends this year, it’s essential to look at the factors that are informing these choices.   Inflation Unavoidably many countries across the world...

---

### Top 5 Must-Have Features for Student Loan Origination Software

> With student debt (federal and private) hitting a total of $1.75 trillion this year, or approximately $28,980 per borrower, the student loan industry is

- Published: 2023-06-29
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/features-of-student-loan-origination-software/
- Categories: FinTech, Industries

With student debt (federal and private) hitting a total of $1. 75 trillion this year, or approximately $28,980 per borrower, the student loan industry is continuing to grow. However, since the beginning of the pandemic in 2020, instances of forbearance have been growing too—from 2. 7 million in 2020 to 24 million in late 2021—indicating market changes are afoot. For companies seeking to enter the market and government bodies seeking to upgrade their services, there is no better time to relook at their student loan financing software options and adapt to the new market conditions.   Student loan financing software: top 5 features As a fintech company, developing lending software, HES is at the forefront of market changes. That’s why we’ve collected the top five must-have features from our clients for you.   Application and document management tools Innovative Student Loan Software Solutions: Where to Start Going off to college is a stressful process for both parents and their adult children, many find the loan experience stressful and confusing. Even more so if this is the first time the family is taking out a loan. By creating a seamless application process using the latest in UX (user experience) design and state-of-the-art document management tools, your company can reduce the level of stress, while ensuring you get the data you need to process the loan. However, this experience isn’t just about the borrower’s comfort. At the same time, it’s about reducing application errors and cutting down confusion, which can lead to...

---

### HES FinTech Wraps Up Successful Participation in Money 20/20 Amsterdam

> Amsterdam, Netherlands - June 8, 2023 - HES FinTech, a leading provider of innovative financial technology solutions, is pleased to announce the

- Published: 2023-06-23
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-wraps-up-participation-in-money-20-20/
- Categories: Events

Amsterdam, Netherlands - June 8, 2023 - HES FinTech, a leading provider of innovative financial technology solutions, is pleased to announce the successful conclusion of its participation in the highly anticipated Money 20/20 event held in Amsterdam from 6th to 8th June 2023. The event brought together key players in the financial technology industry, fostering meaningful connections and providing valuable insights into the evolving landscape of the global market. During the event, HES FinTech engaged in numerous planned meetings, which proved to be highly productive. The company showcased its cutting-edge lending software solution for managing loan applications and streamlining their processing, highlighting its effectiveness in improving efficiency and enhancing customer experience. HES LoanBox has already garnered significant attention in the market and was well-received by industry professionals at Money 20/20. Money 20/20 Conference 2023 Amsterdam, Netherlands 1 / Partnership opportunities One of the highlights of HES FinTech's participation was the valuable information obtained from the Central Bank of Saudi Arabia (SAMA) regarding the KSA market. The insights shared by SAMA will enable HES FinTech to navigate the market more effectively, saving valuable time and resources. This partnership further demonstrates HES FinTech's commitment to expanding its global presence and establishing strategic alliances with key regulatory bodies. Additionally, HES FinTech held several productive meetings with potential participants, including Panamax from the United States and Acquired, United Kingdom. These meetings provided an excellent opportunity for HES FinTech to explore potential collaborations, exchange industry knowledge, and identify synergies that can further enhance its products...

---

### Collateral Management Automation in Lending: Best Practices

> Grand View Research suggests collateral management market could be worth billions by 2030. By automating collateral, lenders can efficiently manage documents and better assist clients throughout the lending process.

- Published: 2023-06-22
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/collateral-management-automation-in-lending/
- Categories: FinTech

Collateral management is a booming industry. According to the latest statistics by Market Watch and Grand View Research suggest it could be worth billions by 2030. Unlike previous generations, where the fragmented collateral management process involved the value of an asset being decided by an in-house expert and then stored, or at least ownership held, the new evolution of the industry is seeing digital collateral management take center stage. This means that financial organizations once again need to set out on the course for digital transformation and that means upgrading collateral management technology. What is collateral management and which technologies does it use already? Encompassing everything from mortgaged houses to vehicles to securities to exclusive pieces of art and more, almost any tangible of genuine value can be considered collateral. Collateral is used to assure a lender of repayment, when issuing a loan—financial or otherwise—and should a return fail to happen, the company takes ownership of the collateral in exchange. Using collateral instead of fiat currency has long proven beneficial to both lenders and borrowers, supporting wider market growth. Although collateral management is nothing new. In fact, it can almost be traced to the beginning of currency. Nowadays, the old processes are a thing of the past, and modern collateral management systems have become how these transactions, which often involve tangible assets, are managed.   Previously-used manual processes and other outdated methodologies are fast being replaced by more modern tools, including automation, AI, machine learning, and blockchain technology, which digitize...

---

### Consumer Lending 101: Best Practices

> Cautious lending is back on the table for organizations worldwide as inflation remains higher than usual. As a result, interest rates on loans have

- Published: 2023-06-15
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/consumer-lending-best-practices/
- Categories: FinTech, Ideas

Cautious lending is back on the table for organizations worldwide as inflation remains higher than usual. As a result, interest rates on loans have continued to rise in correlation with governments across the world scrambling to manage their countries’ economies and prevent a recession. With few signs of ease predicted this year, many lenders are seeking new ways, such as consumer lending technology, to improve their businesses and ensure they offer valuable services. Consumer lending basics in 2023: the stats Emerging Consumer Lending Trends of 2023Before we dive into consumer lending innovation, let’s take a look back at the statistics driving the trends this year. Consumer lending in the US was 6. 6% higher in March 2023 than March 2022. Debt hit just over $17 trillion in the US in Q1 2023—a market high and increase of $148 billion on previous results. New mortgages are at new lows, totalling $323. 5 billion, a number unseen since 2014.   Delinquency rates on consumer loans are rising—totaling 6. 5% on credit cards, 6. 9% on auto loans, and 3% on average.   Debt is rising. Mortgages at $121 billion, student debt at $9 billion, home equity line of credit at $3 billion. What this indicates is that the times of carefree lending are over. With debt rising, delinquency rates slowly increasing, and consumer caution, now is the time to head back to the drawing board and adjust the strategy and consumer lending technology for the future.   Consumer lending 101: a guide...

---

### HES FinTech Announces a New Technology Partnership with Jumio

> HES FinTech is excited to announce the latest partnership with Jumio, an award-winning identity verification provider. This collaboration marks a

- Published: 2023-06-08
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-fintech-announces-partnership-with-jumio/
- Categories: News

HES FinTech is excited to announce the latest partnership with Jumio, an award-winning identity verification provider. This collaboration marks a significant milestone for both companies as we join forces to offer enhanced and secure Know Your Customer (KYC) and Anti-Money Laundering (AML) solutions to our valued customers. By teaming up with Jumio, HES FinTech aims to bolster its commitment to customer security and regulatory compliance. This partnership will enable HES FinTech to leverage Jumio's state-of-the-art technology and industry-leading expertise in identity verification, thereby enhancing the efficiency and reliability of its KYC/AML processes. About Jumio Jumio, renowned for its expertise in the FinTech industry, is trusted by LendTechs worldwide. The company's cutting-edge identity verification, electronic KYC (eKYC), and compliance solutions, powered by artificial intelligence, have earned it a stellar reputation. With a global reach spanning over 200 countries and territories, Jumio has successfully processed more than 1 billion transactions across real-time web and mobile platforms. We are thrilled to partner with Jumio. As a trusted provider in the FinTech landscape, Jumio brings a wealth of experience and innovation to the table. With this collaboration, we are excited to deliver even more robust KYC/AML options to our customers, empowering them with advanced security measures and seamless compliance solutions. Ivan Kovalenko Co-Founder and CEO of HES FinTech HES FinTech's customers will benefit from Jumio's advanced AI-powered verification technology, which offers a streamlined and frictionless user experience. By integrating Jumio's solutions into the existing platform, HES will facilitate swift and accurate identification processes, reducing...

---

### HES FinTech Partners with MFC and NayaOne

> Partnering with the Microfinance Centre (MFC): Advancing Sustainable Social Finance HES FinTech is proud to announce its membership in the Microfinance

- Published: 2023-06-07
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-fintech-partners-with-mfc-and-nayaone/
- Categories: News

Partnering with the Microfinance Centre (MFC): Advancing Sustainable Social Finance HES FinTech is proud to announce its membership in the Microfinance Centre, a prestigious social finance network. Joining this esteemed community of finance professionals aligns with HES's core values of fairness, inclusion, equality, and responsible service at all levels. With over 100 organizations across 36 countries in Europe and Central Asia, the MFC delivers responsible microfinance services to nearly 2,000,000 borrowers worldwide. About MFC The MFC's dedication to making financial services work effectively for people, communities, and the planet resonates with HES's mission. HES FinTech facilitates fair and responsible financing through its sustainable and unbiased technology solutions for microfinance lenders globally.   Being part of the MFC family is an honor for HES, recognizing their commitment to fostering positive change in the industry. Ivan Kovalenko Co-Founder and CEO of HES FinTech To learn more about the partnership between HES FinTech and the Microfinance Centre, please refer to the MFC press release. Collaborating with NayaOne: Driving Digital Transformation HES FinTech is thrilled to announce its partnership with NayaOne, a renowned digital transformation platform and fintech marketplace trusted by leading financial institutions worldwide. This collaboration opens doors for HES FinTech to provide embedded finance solutions and innovative products to progressive financial institutions globally. NayaOne empowers both fintechs and lenders on their digital transformation journey. HES FinTech's integration with NayaOne's highly modular cloud-native Fintech-as-a-Service platform enables partners to respond quickly and adapt to evolving market needs. About NayaOne NayaOne's platform facilitates rapid building...

---

### Meet HES FinTech at Money20/20 in Amsterdam

> We are thrilled to share some exciting news! Our visionary CEO, Ivan Kovalenko, and Chief Revenue Officer (CRO), Dmitry Dolgorukov, will be attending the

- Published: 2023-05-30
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-fintech-at-money-20-20-amsterdam/
- Categories: Events

We are thrilled to share some exciting news! Our visionary CEO, Ivan Kovalenko, and Chief Revenue Officer (CRO), Dmitry Dolgorukov, will be attending the highly anticipated Money20/20 event in Amsterdam. It is a remarkable opportunity to connect with industry leaders, engage in insightful discussions, and explore potential collaborations and growth avenues. From June 6th to June 8th, Money20/20 will be hosting a series of captivating discussions, thought-provoking panels, and invaluable networking sessions. As our esteemed representatives, Ivan Kovalenko and Dmitry Dolgorukov eagerly anticipate this event and would love to meet in person. Whether you are also attending Money20/20 or are based in Amsterdam during that time, they are excited to connect and explore possibilities for fruitful partnerships. Ivan Kovalenko, our visionary CEO, brings a wealth of expertise in innovative financial technologies, and Dmitry Dolgorukov, our CRO, is a seasoned professional in FinTech product strategy. They both possess a profound passion for innovation and driving the future of our industry. Their presence at Money20/20 is a testament to our commitment to forging meaningful relationships and fostering collaboration with like-minded individuals and organizations. If you would like to seize this opportunity to meet Ivan Kovalenko and Dmitry Dolgorukov, please reach out to us at info@hesfintech. com. We would be delighted to schedule a meeting or find a suitable time to connect during the event. Let's explore how our shared goals and synergies can lead to mutual success and growth. Stay tuned for further updates on our exciting initiatives and developments at HES...

---

### 9 Must-Have Features for Loan Portfolio Management System

> When choosing a loan portfolio management software, it can be difficult to select tailored tools to meet your needs. Don't miss out on must-haves to choose the right solution.

- Published: 2023-05-18
- Modified: 2025-04-05
- URL: https://hesfintech.com/blog/must-have-features-for-loan-portfolio-management-system/
- Categories: FinTech

Ever since the financial crash of 2007/2008, credit portfolio management systems have taken top priority at financial institutions working to avoid history repeating itself. Of course, this event isn’t the only reason to manage loans. Banks and lending providers seek out a loan portfolio management system to manage risk, analyze their portfolios, monitor their current activities, and optimize profits.   As technology continues to develop at an ever-rapid pace, more businesses are onboarding technology solutions, such as Credit Portfolio Management (CPM) systems, to automate and better manage their loan portfolios. According to McKinsey, 60% of respondents surveyed stated they increased the deployment of advanced analytical tools (AI, machine learning, etc. ) in the last two years. A sizable 75% expect this trend to continue.   What is a loan portfolio management system? A loan portfolio management system is a type of software, used by financial bodies to manage, monitor, and analyze their loan portfolio. Often described as a ‘game-changer’ for institutions, it gives them the power to analyze a vast range of data to deliver insights. This allows top-level teams to make more informed decisions and identify any potential risks at an early stage.   How does loan portfolio management software work? Although credit portfolio management systems have been integrated into the financial sphere for quite some time, the recent advances in artificial intelligence and machine learning technology have driven solutions forward exponentially in recent years, with more advanced tech emerging all the time.   Credit portfolio management software draws...

---

### Automation for Loan Officers: How to Get Your Team Onboard

> Software for loan officers’ collaboration can drive productivity increases of up to 10%, with Forrester estimating this could save organizations ~$250K / year.

- Published: 2023-05-15
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/automation-improves-collaboration-among-loan-officers/
- Categories: FinTech

With the rise in AI usage, many may be wondering: “will a robot take my job? ” The answer, luckily, is that this is far from the case. 70% of borrowers still prefer to go to a loan officer, meaning the human factor hasn’t lost its touch. However, that doesn’t mean there isn’t room for improvement. Software for loan officers’ collaboration can drive productivity increases of up to 10%, with Forrester estimating this could save organizations ~$250K per year. Although that is good news for lenders, for staff and clients there may be some hesitation to embrace new technology. So, let’s unwrap the mystery and look at how software solves the challenges of loan officers and how to get your team onboard. Challenges of loan officer efficiency without the right software Communication isn’t outdated, however, considering the amount of data and number of clients an organization needs to work with, there are ways of making client-company relationships more effective for both parties. Before we dive into the solutions let’s take a look at the challenges, software for loan officers hopes to solve: Inefficient communication—calls, emails, letters, these are all ways of keeping in touch with your clients. The only issue is that they require human action to make them happen. This means not only remembering to communicate, but to do so at the correct time. Instead, automation for loan officer communication tools help clients get the right communications at the right time. This can include emails, messages and more. Improving...

---

### Choosing Between Perpetual vs Subscription Licensing for Lending Software

> Perpetual vs. subscription? At first glance, the one-time payment perpetual model may seem the most efficient, cost-effective way to go. However,

- Published: 2023-04-25
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/perpetual-vs-subscription-licensing-for-lending-software/
- Categories: FinTech

Perpetual vs. subscription? At first glance, the one-time payment perpetual model may seem the most efficient, cost-effective way to go. However, companies are often turning to subscription-based models instead. Today, subscription-based companies are growing 3. 7 times faster than traditional S&P 500 businesses.   Software as a Service (SaaS), such as lending software, remains one of the fastest growing areas, with a 12. 3% growth rate in 2022. The perpetual license versus subscription argument isn’t one-sided, so let’s find the best fit for your business. Perpetual licensing vs subscription: what are they? Before we dive deeper, it’s essential to understand what subscription vs perpetual is and what it means in practice. Perpetual licensing is a one-time purchase that allows you to use the software indefinitely. A subscription model means a subscription to a piece of software that allows the user to use it as long as they continue to pay the licensing fees. Perpetual licensing advantages and use cases Perpetual software licensing allows users to purchase the software without worrying about recurring fees. This has some advantages, such as: One-time cost — a single up-front fee makes it easier to budget. No risk of losing control — once fees are paid, you have the right to use the software. Customization potential — often, once the software is purchased, you may be able to tailor it to your specific business case. Perpetual software licensing allows users to budget efficiently and plan their software usage. This may be particularly helpful when your...

---

### Why AI Data Quality Matters for Credit Scoring

> Why does the data quality of AI matter? How to avoid AI scoring pitfalls? Check out the strategy to improve your data quality in AI and ML for credit scoring and lending.

- Published: 2023-04-13
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/why-ai-data-quality-matters-for-credit-scoring/
- Categories: FAQ, FinTech

From OpenAI’s ChatGPT product to ObserveAI’s natural language tools, 2023 is the year that artificial intelligence stopped being science fiction and became a must-have tech solution. Over 55% of chief information officers (CIO) estimate that AI will continue to be a major area of investment this year. Meanwhile, 90% of respondents (Deloitte – Finance Innovation Survey 2023) say they’re already aware of AI initiatives in their company, 44% of which were initiated in finance departments. However, as past solutions have shown, AI is only as good as the data it’s given. Along with effective algorithms, AI data quality significantly affects how well any AI or ML solution will perform. Poor data quality leads to big problems for AI and ML So why does the data quality of AI matter? Any well-run organization today utilizes data to inform its business strategies. However, the accuracy of these decisions depends on the data they’re based on. The same goes for AI-analyzed data, except on a much grander scale.   Amazon’s infamous AI recruitment tool and Google’s AI bias are just some of the most well-known examples of AI solutions gone wrong. And if some of the world’s largest tech companies are noting challenges, it’s time to pay attention. As with every novel solution, some issues are bound to crop up along the way. When it comes to AI, data quality is often one of the first.   For AI solutions to work, they need to be accurate, and for that, they need accurate,...

---

### What is Big Data and How to Leverage It for the Lending Industry?

> Alongside technologies such as AI, Big Data is a possible solution to the current challenges of the finance industry. Discover the industry pain points Big Data solves.

- Published: 2023-04-06
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/what-is-big-data-and-how-to-leverage-it-for-the-lending-industry/
- Categories: FinTech

The lending landscape is changing in a big way. Significant market expansion, coupled with evolving consumer demands and requirements, is causing organizations to seek out solutions to help them better understand and work with their target markets. The use of Big Data in banking and lending is one such approach.   What is Big Data? The Big Data definition is analyzing large data sets of a vast variety at a fast pace. Data scientists call this the 3 Vs—variety, volume, and velocity. Variety—processes structured and unstructured data, images and videos, texts, and readings. Volume—covers kilobytes, terabytes, and beyond, online and offline, from records, files, and other sources, in large amounts. Velocity—works at high speeds to generate data in almost real-time and, depending on functionality, can give data in streams, batches, or bits in online or offline formats. Essentially, Big Data gives companies the power to harness the information they have and collect to turn it into data-driven insights for business growth. But what about Big Data for banks and other financial institutions? Why is Big Data in banking needed? Alongside technologies such as AI, machine learning, and other tools, Big Data is presented as a possible solution to the current challenges of the finance industry. But what are the industry pain points they’re set to solve? Rapid market growth In the last year, the lending market grew at a CAGR of 10. 1% from $7,887. 89 billion in 2022 to $8,682. 26 billion. With an expected growth of a further...

---

### How AI is Used in Fintech in 2023: Top 8 Use Cases

> The AI fintech market was forecast to reach $26.67B by 2027. Discover what kinds of AI software are used in fintech, and how they can help your business.

- Published: 2023-03-23
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/how-ai-is-used-in-fintech-in-2023-top-8-use-cases/
- Categories: FinTech

The ever-evolving Artificial Intelligence solutions have been reshaping the business environment for a few years now. The global AI market is expected to reach a mind-blowing $407. 0 billion by 2027, valued at $67. 9 billion in 2022. AI-enabled software is increasingly becoming one of the disruptive factors for the fintech domain as well. The AI fintech market was forecast to reach $26. 67 billion with a CAGR of 25. 3% between 2022 and 2027. Fintech startups and lending companies are starting to attract millions of users and dollars in funding to craft AI-fueled software. So why has AI become so vital for fintech companies, and how has AI gained so much traction? Global AI in FinTech Market How is AI used in fintech Before diving deeper and identifying real use cases, let’s outline what AI in fintech is in the first place. Compared with traditional or legacy lending software, AI favors faster goal achievement and better results. Why? AI-powered technologies can help fintech institutions in a variety of ways:  Analyze customer data and behavior patterns Improve decision-making process Ensure rock-solid data security Forecast future outcomes and trends Provide a robust fraud detection Automate credit scoring and document analysis Reduce user support costs Keep in touch with customers 24/7 For instance, AI improves bank service quality by enabling real-time customer services. Chatbots, voice, and virtual assistants can be deployed for reporting and money transactions. In lending, AI easily identifies individuals, evaluates creditworthiness, and detects fraudsters. The fintech domain produces colossal...

---

### Emerging Consumer Lending Trends of 2023

> Silicon Valley Bank's collapse has rattled bankers and SME bosses, but the IMF foresees a market rebound by 2024. Check these consumer lending trends to guide your business toward a brighter future.

- Published: 2023-03-16
- Modified: 2025-06-17
- URL: https://hesfintech.com/blog/emerging-consumer-lending-trends-of-2023/
- Categories: FinTech, Trends

News of the collapse of SVB (Silicon Valley Bank), marking the biggest bank collapse in the US since the global financial crisis of 2008-2009, has sent shivers down the spines of bankers and SME bosses alike.   Coupled with the low economic growth of 2. 9% (compared to 2022’s 3. 4%) predicted by the IMF for 2023, and ongoing political discord across the world, the situation makes for a challenging economic climate in the year ahead. However, despite these disquieting factors, hope is on the horizon. The IMF predicts that by 2024 the market will again pick up the pace, and inflation is set to fall. For companies focusing on the future, knowing the consumer lending trends could help guide you through crises to greener pastures.   Ones to watch — consumer lending trends 2023 With a CAGR of 11%, digital lending solutions are a rapidly adapted technology that comes in many shapes and sizes to fit a variety of needs. Being able to onboard the right digital lending transformation for your business goes beyond following the trends in consumer lending and starts setting them. Let’s take a look. Marketplace lending Otherwise known as a lending marketplace or MPL, marketplace lending offers an alternative to traditional lending practices. It is a digital platform that connects investors and potential borrowers—both retail and commercial. With an estimated value of $31. 68 billion in 2023, and a steady 1. 93% growth rate, the MLP sector is set to hit $34. 2 billion by...

---

### 10 Mistakes That Kill Financial Business & How to Avoid Them

> Mistakes as opportunities to learn and grow for a financial company is an essential rules to live by. Discover the top 10 common finance business mistakes and how to avoid them.

- Published: 2023-02-28
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/10-mistakes-that-kill-financial-business/
- Categories: FinTech

75% of venture capital start-ups fail, according to Shikhar Ghosh, a Harvard Business School Senior Lecturer, speaking to the Wall Street Journal. For finance business founders, these statistics can be fear-inducing. However, failure isn’t guaranteed, and errors can be excellent teachers in future success.   As a financial business turned into a fully-fledged fintech, we know all about the pitfalls of making it (and sometimes breaking it). That’s why we’ve gathered together some common mistakes finance business owners make in the highly competitive finance industry to help founders, owners, and decision-makers see mistakes as opportunities to learn and grow as a financial company.   Finance business mistakes and how to grow from failure As the saying goes, “failure to try is the greatest failure of them all. ” That’s why before we dive into the top 10 finance start-up mistakes, we’d like to take a moment to note that this isn’t a guide to only see the failures, but instead is life hacks to how to succeed at a financial business to scale effectively.   No. 1 Unclear value proposition The fintech market is set to grow at a CAGR of 25. 18% between 2022 and 2027, with an estimated value of $326 billion by 2026. What this indicates is not just that current fintechs are successful, but that more companies are hitting the market. And this is why, one of the biggest small lending business mistakes, or any financial business mistakes, to watch out for is the failure to...

---

### ChatGPT for Finance Business: How to Benefit From OpenAI Assistant

> Use the power of OpenAI Assistant to enhance lending business. Here’s how to get ChatGPT on your side and boost results for your finance business.

- Published: 2023-02-22
- Modified: 2025-06-17
- URL: https://hesfintech.com/blog/how-to-use-chatgpt-for-finance-business/
- Categories: FinTech, Ideas

Love it or loathe it, the OpenAI-founded tool is shaking up the world in a big way, with users trying the chat with GPT-3 function to do everything, including: Generating text for emails, articles, poetry, and songs Translating from one language into another one Summarizing long text into a shorter one Ask questions and get answers almost instantaneously Converse with a virtual assistant Review computer code Much, much more. Not just OpenAI’s text generator ChatGPT by OpenAI isn’t just a mindless AI chat generator, as its GPT name suggests, it is a generative pre-trained transformer. The platform's chat-like capabilities are key to its success, delivering a natural conversational flow that appeals to its audiences. Its AI technology allows it to integrate and aggregate systems such as chatbots, virtual assistants, search engines, and more to gather results from a truly diverse range of sources. However, it is important to note that the OpenAI GPT-3 text generator is not omnipotent. It is quite simply an AI language model designed to help its users understand concepts and generate text.  Some more advanced features like live bot connection to your website, and predictive models building are available in the paid subscription. So, without further ado, let’s take a look at some of the potential (and real) impacts of how to chat with GPT-3 and get results for the finance industry. 10 ways how to use ChatGPT for finance business The GPT-3 chat online tool is actually a helpful platform to support and optimize business....

---

### HES FinTech Shines at Leap 2023 Conference in Riyadh

> HES Fintech participated in the Leap 2023 global technology conference in Riyadh, SA. Dmitry Dolgorukov, CRO, shared his insights and impressions from the event.

- Published: 2023-02-15
- Modified: 2025-04-10
- URL: https://hesfintech.com/blog/hes-fintech-at-leap-2023-conference/
- Categories: Events, News

Riyadh, Saudi Arabia - HES Fintech, a leading provider of digital lending solutions, participated in the Leap 2023 global technology conference, which was held on February 6-9, 2023, at the Riyadh International Convention & Exhibition Center. More than 700 experts, scientists, and specialized companies from around the world attended the conference to discuss the latest developments in technology, including virtual reality, creative economy, edutech, retail, Fourth Industrial Revolution, future energy, smart cities, fintech, and healthtech. Some of the tech giants, such as Microsoft, SAP, Oracle, Amazon, Nvidia, and AMD, also presented their latest technologies at the event. During a keynote speech at the conference, Eng. Abdullah Alsawaha, Saudi Minister of Communications and Information Technology, announced investments worth $9 billion to support future technologies, digital entrepreneurship, and tech startups. This investment is expected to enhance Saudi Arabia's position as the largest digital economy in the Middle East and North Africa region. The Chief Revenue Officer of HES Fintech, Dmitry Dolgorukov, shared his impressions of the event, stating that he was excited to meet a huge community of fintech startups at the conference. Based on this, Dolgorukov predicted the growth of the number of fintech unicorns in the nearest 5 years. Certainly, Saudi Arabia is ripe for the explosion of fintech and digital lending. There are plenty of favorable conditions and a lot of young entrepreneurs that have emerged in the past five years, which makes this market ripe for growth. Dmitry Dolgorukov Co-Founder and CRO of HES FinTech Dolgorukov also met...

---

### Loan Management System Trends: AI, Security & Compliance in 2023

> Financial institutions worldwide continue to shift towards digital transformation aiming to reduce costs and ensure a smooth and efficient decision-making

- Published: 2023-02-09
- Modified: 2025-04-05
- URL: https://hesfintech.com/blog/loan-management-system-trends-2023/
- Categories: FinTech, Trends

Financial institutions worldwide continue to shift towards digital transformation aiming to reduce costs and ensure a smooth and efficient decision-making process. Due to growing financial software demand, this transition seems to emerge in 2023. According to Statista, estimated software spendings in the banking, finance, and insurance industry in the United Kingdom only are expected to reach $524. 3 million in the upcoming year, which is almost 12% more than back in 2020. By the end of 2026, total spending on digital transformation worldwide is expected to reach 3. 4 trillion U. S. dollars.   While this global trend is gaining traction, finance and lending systems requirements become more strict and advanced. Lending management technology and legislation continue to evolve, so it’s crucial to keep your business up to date with trends. This article will give you a grasp on how to tackle digital age challenges in 2023. How loan management will evolve over 2023 The future of loan management depends on various factors such as technological advancements, economic conditions, and regulatory changes. However, there are a few trends that are likely to continue to shape the development of loan management systems. Loan Management System Overview: Features & RequirementsIncreasing use of digital and automated processes. This may include the use of machine learning algorithms to automate parts of the loan application and underwriting process, as well as the use of digital platforms to facilitate communication between borrowers, lenders, and other relevant parties. Usage of alternative data sources to assess the creditworthiness...

---

### Custom vs. Out-of-the-box Finance Software: Things to Consider

> Dmitry Dolgorukov, the CRO of HES FinTech, dives deep into the pros and cons of Custom vs. Out-of-the-box Finance Software, exploring the factors that favor each.

- Published: 2023-02-07
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/custom-vs-out-of-the-box-finance-software-things-to-consider/
- Categories: Trends

When it comes to software solutions for financial companies, the age-old debate between custom and out-of-the-box (OOTB) rages on. On one hand, custom software offers total control and customization, while OOTB offers simplicity and ease of use. So which one is the better option? In the Forbes article, Dmitry Dolgorukov, the Co-Founder and CRO of HES FinTech, dives deep into the pros and cons of each, exploring the factors that favor OOTB software and the cases where custom is the way to go. With advances in technology, the lines between custom and OOTB are becoming blurred, and there's now a middle ground for businesses to consider. Custom software gives businesses total control over the product but requires significant costs for building, maintenance, and upgrades, while OOTB software is a pre-packaged, ready-to-use lending solution from a vendor that can be deployed and used by non-IT staff and requires less maintenance on the company's side. OOTB software is favored due to its cost-effectiveness, faster deployment, easy maintenance and upgrades handled by the provider, and compliance with industry regulations. Dolgorukov also acknowledges that custom software may be more suitable for businesses with complex requirements or specific regulatory concerns. Find a more detailed analysis of the advantages and downsides of custom vs. out-of-the-box solutions for finance companies by reading the full article. Check out the full version on Forbes Finance Council: CONSIDERING OUT-OF-THE-BOX FINANCE SOFTWARE Follow Dmitry Dolgorukov on LinkedIn to have a convenient source of updates in the fintech industry and expert opinions...

---

### HES Fintech to Attend LEAP Technology Conference in Riyadh

> HES Fintech will attend the LEAP conference in Riyadh on February 6-9. We're looking forward to finding new partners and sharing our expertise. Join HES on the journey through the future of technology!

- Published: 2023-02-01
- Modified: 2025-04-10
- URL: https://hesfintech.com/blog/hes-fintech-to-attend-leap-technology-conference/
- Categories: Events, News

HES Fintech, a leading financial technology company, announces its participation in the upcoming international technology conference LEAP to be held on February 6, 2023 in Riyadh, Saudi Arabia. At the conference, the company's Chief Revenue Officer, Dmitry Dolgorukov, will attend fintech sessions to explore the latest advancements in financial technology and bring the future closer to HES's products. With the goal of staying at the forefront of the industry, Dolgorukov is eager to meet with prominent fintech companies, including The World Bank, USA, Axiom World, Saudi Arabia, and Konsentus, UK. At HES Fintech, we believe that the future of finance lies in technology, and we are committed to leading the way in this field. We are excited to attend LEAP and look forward to connecting with other fintech companies to bring our vision to life. Dmitry DolgorukovCRO at HES FinTech Through these meetings, HES Fintech hopes to find new opportunities to collaborate and move the world into the future together. The conference is expected to provide valuable insights and knowledge that will help the company achieve its mission of creating innovative and cutting-edge financial technology solutions. About LEAP'23 LEAP 2023, a premier technology conference, will be a four-day exploration of the innovations that have the potential to shape the future. LEAP 2023 promises to be a thrilling journey through the future of technology, offering attendees a glimpse of what's to come and the chance to be a part of shaping it. Each day of the event will highlight a different...

---

### Loan Management System Overview: Features & Requirements

> Learn about the loan management system's top features, modules & requirements essential for the successful implementation of lending software.

- Published: 2023-01-31
- Modified: 2025-01-28
- URL: https://hesfintech.com/blog/loan-management-system-overview-features-modules-requirements/
- Categories: FinTech

Estimated to be worth almost

---

### HES FinTech selects Acquired.com as a strategic partner

> HES Fintech selects Acquired.com as their strategic payments and banking partner while expanding their presence in the UK.

- Published: 2023-01-16
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-fintech-selects-acquired-as-a-strategic-partner/
- Categories: News

London, 16 January 2023 – HES Fintech selects Acquired. com as their strategic payments and banking partner while expanding their presence in the UK. HES Fintech, a leading provider of intelligent lending platforms has today announced a partnership with Acquired. com, a UK payments specialist and payment initiation service provider, through which lenders using HES’ technology will be able to leverage a sophisticated payment solution designed to enable the rapid disbursement of loans and seamless borrower-centric collection methods. Acquired. com’s solution is best-in-class when it comes to payment processing. They have proved they can operate in a truly consultative manner by building a deep understanding of our clients needs and what we want to achieve as we launch in the UK. Ivan Kovalenko Co-Founder and CEO of HES FinTech As HES embarks on expanding their market share in the UK, their partnership with Acquired. com promises to accelerate the delivery of market-leading solutions for B2B and B2C lending across several key verticals. When looking for a payments provider to help deliver on this ambitious goal, it was important to HES that they find a partner who could cater for the varying needs of their diverse client portfolio. Established in 2015, FCA-regulated Acquired. com is an agile payment specialist, offering tailored, custom-built payment processing solutions. They are extremely well-positioned to benefit lenders using HES LoanBox by enhancing the end-to-end lending process with their custom-built solutions, from seamless loan disbursement processes to optimised continuous and one-off collections. As they looked to build long-term relationships...

---

### 9 Must-Have Features for Auto Loan Origination Software

> With digital transformation advancing at a rapid pace, upgrading your auto loan origination software should be top of your list this year. Here’s what you need to know.

- Published: 2023-01-13
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/must-have-features-for-auto-loan-origination-software/
- Categories: FinTech, Industries

The automobile — a symbol of freedom, independence, and choice. When selecting a new vehicle (or an upgrade), clients are looking for a stress-free experience that allows them to drive home in their chosen car. That’s why it’s no surprise that the auto loan industry is growing. In the US alone, the auto leasing market is valued at $2. 2 billion for the coming 2023 year, representing a 7. 4% growth on the previous year. Considering how competitive the industry is and this massive growth, many dealers are now considering upgrading their auto loan origination software or other financing tools—or they’ve already done so.   That’s why if you haven’t looked at your lending strategy yet. Now’s the time to start. For those embarking on the journey of leveling up their auto loan financing software—we’ve gathered the must-haves from our years of experience in the lending industry. Frequently asking questions about auto loan origination What is the vehicle loan origination? Auto loan origination is the process of issuing a new auto loan. It covers the very beginning of lending management. In a nutshell, auto loan origination includes application for a car financing, borrower profile scoring, approval or declining of an application and, in case of positive decision, disbursement. What the auto loan origination process look like? The auto loan origination process typically involves several steps: Application: The borrower fills out an application with personal and financial information. Credit check: The lender checks the borrower's credit score and credit history to...

---

### Must-have features for merchant cash advance software

> Building a merchant cash advance platform? Get started on the right foot with our short guide to the software and what you need to include.

- Published: 2022-12-29
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/must-have-features-for-cash-advance-software/
- Categories: FinTech

Since it was first launched in 2008, the merchant cash advance industry has been growing. Just a few years ago, the industry was estimated at having funded small businesses a sizeable sum of $8 billion. In the last years that amount has exceeded $19 billion. Merchant cash advance loan software allows businesses to get funding based on their estimated credit card sales — for every sale, the investor gets a percent until the debt has been paid off. Such arrangements can be beneficial to both lenders and borrowers, allowing businesses to grow with the necessary cash flow.   Of course, this has also lead to an uptick in demand for the technology to manage these processes effectively. Both business owners and investors are actively seeking out new tools to create the best cash advance loan management software that will help manage processes — especially when they’re large-scale — organize data, and ensure everything runs smoothly and securely. Where to start with a merchant cash advance platform? Let’s go back to basics and learn where is the best place to start when building a merchant cash advance platform. Most wonder what they need to include to ensure functional software that does exactly what they need it to do. Our advice? Choose your tools correctly at the beginning, and you’ll have way less to worry about later.  The best practise is to consider your lending process and mark up the critical features you need to cover your business needs. What features do...

---

### Auto Dealership Financing Software: Guide For Smooth Digital Transformation

> A one-stop-shop for buying a car—from choosing a model to financing to driving away is a customers dream. Here’s how to make it a reality.

- Published: 2022-12-27
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/auto-dealership-software-guide/
- Categories: FinTech, Industries

Buying a new car is a time of excitement for your clients. They saved up the deposit and are ready to look at the models you have available. The one thing they don’t want? The stress of waiting to see if they’re approved for a loan. This is precisely why it’s important that your auto dealership financing software is up to date and ready to deal with your customers financing needs now, not later. What is auto dealer financing software? You competitors are moving fast. So, you’ll have to move even quicker to ensure those sales. One way to optimize your processes and get ahead of the competition is with auto dealer financing software. With these tools on hand, you can improve your internal loan processes and attract more customers, but what is auto dealer finance software? Auto dealer finance software is a piece of kit that handles all your lending needs—from loan origination to risk management to underwriting, servicing, and more. A modern dealership should come equipped with some type of software. After all, your clients don’t want to run around to various banks trying to secure a loan. That’s why every modern auto dealership needs to be on the ball when it comes to financing software. 5 Steps to a better auto lending platform for your dealership Lagging behind or think your current system needs to improve? Let’s take a look at the 5 steps — yes, only 5 — you need to take to set your digital...

---

### How to Choose Affordable SME Lending Software

> Developing new loan software for small businesses can be an economic drain. Here’s how to turn the tables and make SME lending software profitable.

- Published: 2022-12-09
- Modified: 2025-06-17
- URL: https://hesfintech.com/blog/how-to-choose-affordable-sme-lending-software/
- Categories: FAQ, FinTech, HES LoanBox, Ideas

With a CAGR of 11. 7%, the fintech market is still on the rise. Estimates suggest that it could hit $188 billion by 2024. However, it’s not just established market players that are making waves. Fintechs and SMEs are challenging the big-name banks in a never-before-seen way. According to a report by Deloitte, consumers are more willing than ever to jump ship at minor inconveniences, and considering just 37% believe that banks meet their needs — this could signal an unprecedented window of opportunity for small and medium businesses to step into the gap. At HES, our focus is on lending software solutions, so that’s why we’re more than happy to share our experience on the best budget-friendly way to build lending software for small business in this guide. Why does budget-friendly SME lending software matter? Think only world-known brands have the possibility to build functional SME lending software that wins the hearts of customers? Think again. Fintechs are on the rise, and many of them, not so long ago began as small businesses. Take financing giant Klarna for example. Back in 2005, just over fifteen years ago, Klarna was founded by three individuals from Stockholm. Today, the company brings in over $1. 6 billion in revenue a year (2021). Or take Wise, the international money transfer company, which launched in 2011. In 2022, the company bought in £559. 9 million, making it one of the fastest-growing fintechs. Then there’s Scalapay, another rapidly growing fintech, founded in 2019 and valued...

---

### Meet HES LoanBox Business Solution for Commercial Lending

> We are here with a new major update for HES LoanBox - a ready-made digital platform for lenders. The team is ready to demonstrate out-of-the-box

- Published: 2022-12-02
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-loanbox-business-for-commercial-lending/
- Categories: FinTech, HES LoanBox, News

We are here with a new major update for HES LoanBox - a ready-made digital platform for lenders. The team is ready to demonstrate out-of-the-box functionality for SME lending automation. HES LoanBox Business provides full coverage of all business processes due to dedicated tabs and fields, process sequences, and calculations. HES LOANBOX No time to read? Apply for a quick 15-minute demo to see LoanBox in live mode. Book a demo What is the difference between consumer and SME lending software? Commercial loan management is associated with a specific workflow: for example, the stage of user onboarding requires more information about the business and may take slightly longer. The verification stage requires more integrations, while the underwriting process is usually multi-stage. Also, SME lending software needs to provide rich functionality in document management. The HES LoanBox team analyzed a lot of business cases to implement all that is different in consumer and commercial lending. New features: from separate portals to the updated loan origination The key goal of this release is to cover the needs of commercial lending businesses. Therefore, we developed a separate portal for businesses to submit and manage their loan applications and a separate feature-rich back office for SME lending. What’s more: Improved origination. The application process is divided into several steps. For example, first, the system may collect the company information, then the information about the company’s representative. Business profile. The profile information has corresponding fields to include the company information only. Thorough verification of businesses. The...

---

### Types of Data Breaches & How This Can Affect Your Finance Business

> Cybercrime could cost the world over $10 trillion by 2025, so getting ahead of the criminals now is the only solution—learn from these financial data breaches.

- Published: 2022-11-24
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/how-data-breaches-can-affect-finance-business/
- Categories: FAQ, FinTech

Financial Data Security in Online Loans: How to Increase TrustCybercriminals always seem to be one step ahead of honest customers and businesspeople, causing damages in the region of over $6 trillion (USD) globally—and that’s in 2021 alone. Yet, despite the massive investment in preventing cybercrime, with estimates ranging from $60. 2 billion to $1. 75 trillion, criminals are showing no signs of slowing the pace. Quite the opposite, with bank data breaches and other types of cyber fraud, predicted to reach $10. 5 trillion by 2025. To put this in perspective, $10 trillion is the combined GDP of Japan ($4. 9 trillion) and Germany ($4. 2 trillion), or the United Kingdom ($3. 2 trillion), India ($3. 2 trillion), and France ($2. 9 trillion), making cybercrime one of the biggest problems in the world today.   Types of data breaches How to Avoid Fraud in Digital LendingWith such shocking damages, many businesses spend a lot of time strategizing how security and cybercrime can be prevented. This is especially true when it comes to financial data security and banking data breaches, which require providers to take extra care. But before they can do that, they need to know what types of data breaches and cybercrime there are? Cybercrime can include actions, such as: Stolen money Fraud Productivity losses Theft of personal data Embezzlement Post-attack disruption Hacked data and systems Ransomware Destruction of data or its damage Theft of intellectual property Financial data breaches Etc. The cybercrime spectrum is quite diverse, and there...

---

### What Is Crypto Lending & How Does It Work?

> How does crypto lending work? Can I make money lending crypto? If so, how. Find out all this and more right here.

- Published: 2022-11-10
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/what-is-crypto-lending/
- Categories: FAQ, FinTech, Trends

Future of Finance: What Fintech Evolvers Can Teach Us With over 300 million crypto users in the world today — and growing — it’s no surprise that the sphere is expanding at a rapid pace. Decentralized finance innovations, such as crypto lending, are on the rise as well, with one lending provider, CoinLoan, boasting a 2,000% growth in issuing crypto loans last year. Crypto lending offers an alternative to traditional bank-backed loans, and cryptocurrency loans could be the next step not only in legitimizing the crypto industry but in delivering a more equitable financial boost to the economy and a wider variety of options to borrowers. Although regulators believe that this process and concept needs a little work before it becomes an everyday reality for retail borrowers. So, let’s get to the grip of it and learn what is crypto lending and how does it work?   What is crypto lending? Alternative Finance vs Banking: Industries Non-Traditional Lenders Turn Mainstream In Cryptocurrency loans or lending works just like regular loans, except that the asset backing the loan isn’t a fiat currency; it’s a crypto one. Just like in a fiat currency loan, crypto lending requires repayments, which are usually returned with interest on a regular basis — weekly, monthly, etc. Given that the global blockchain market is valued at $10. 02 billion and growing — with an expected CAGR of 68. 4% — cryptocurrency lending could prove an effective financing tool soon.   How does crypto lending work? Currently, there...

---

### HES FinTech at Web Summit 2022: where NFT, Web3, and blockchain unite with solar energy, Metaverse, and TikTok

> Web Summit 2022 was one of the most anticipated events. Attendees from all around the globe were searching for the answer: what’s next in the big tech? Read on

- Published: 2022-11-09
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-fintech-at-web-summit-2022/
- Categories: Events

Web Summit in Lisbon in early November clearly was one of the most anticipated events this year. And the expectations were met in full. Over 70k attendees from almost every country in the world: sharing, discussing, connecting, and together searching for the answer: what’s next in the big tech?   Ivan Kovalenko, HES FinTech’s Co-Founder and CEO shared that for him the biggest challenge was to select the most striking presentation from several overlapping ones. Actually, this is also the best thing about Web Summit: no mediocre speakers, only well-selected and refined ones, - he added.   “What I liked most is the nicely structured argumentation of Sir Tim Burners-Lee and John Bruce in the “Societal and economic implications of Web 3. 0”, so if you still consider Web3, Web 3. 0 and blockchain as synonyms - then you should not (at least, according to Burners-Lee, one of the creators of the World Wide Web)”. Ivan Kovalenko CEO at HES FinTech Web Summit presented an opportunity to participate in a Q&A session with Changpeng Zhao, Co-founder & CEO of Binance, to learn more about the near future plans of Meta from Naomi Gleit, Head of Product, or to reveal some impressive stats, like 30% growth in Amazon Alexa use during the Covid - directly from Rohit Prasad, The Amazon senior VP and head scientist. Web Summit in Lisbon 2022 what’s next in the big tech 1 / As for HES FinTech: the team definitely could not miss the opportunity to...

---

### HES LoanBox: October Updates 2022

> New month, a new update for HES LoanBox! In October, we focused our efforts on developing features for debt collection. Let’s see new features

- Published: 2022-11-01
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-loanbox-october-updates-2022/
- Categories: HES LoanBox, News

New month, a new update for HES LoanBox!   Meet HES LoanBox: Ready-to-Use Lending Platform In October, we focused our efforts on developing features for debt collection. And as a result, we have released a separate module for Collections. Let’s dive deeper into details and see how it works. No time to read? Request a 15-minute demo, and our experts will show you around at your convenience. #1. New role: collection manager First off, we added a new role - collection manager - that you can assign to the users. Employees with this role get access to 2 dashboards: Tasks. On the Tasks dashboard, they can see available and assigned the Call the borrower tasks. Collections. In this tab, the user can see all the collection processes, their current status, and detailed information about calls made and promise to pay date: There is one important security detail: collection managers get access to the collection management functionality on both these boards, but they can not write off debts. #2. Ready-made soft collection strategy HES LoanBox: September Updates 2022 The new version of LoanBox is now equipped with a default soft collection strategy. The flow includes the following steps: Step 1. When creating a new loan product group, you can set the number of days overdue before collection status. During these days, the borrower will get email and SMS notifications about the payment delay. The collection process starts if the lender doesn’t get repayment after the preset number of days. Step 2....

---

### Why Web 3.0 And the Metaverse Are the Future of Finance

> How is Web 3.0 presenting business opportunities for companies and what is the future of finance in the coming years? Read on to learn the answer

- Published: 2022-10-21
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/web-3-and-the-metaverse-are-the-future-of-finance/
- Categories: FAQ, FinTech, Ideas, Trends

With the current financial market instability, it’s no surprise that consumers are seeking alternative solutions for their financial security. The metaverse, powered by Web 3. 0 technology, is no longer a thing of daydream. In fact, it could well be the very future of finance.   Future of Lending in 2022: Trends & Predictions Increased trust in technology and growing mistrust in traditional banking structures are delivering a boost to fintech 3. 0 and a new wave of finance. But what is Web 3. 0, how does it connect with the metaverse, and what should companies know about Web 3. 0 business opportunities? Let’s unwrap the mystery and discover the truth behind the future of finance. What is the Metaverse? This isn’t science fiction. This is now. The metaverse is here, and it could be set to stay. McKinsey research suggests that it could generate up to $5 trillion in revenue by 2030, and that’s only the beginning.   But what is the metaverse exactly? Essentially, the metaverse is a digital world wherein people can interact with others in various ways. The most notable examples are in gaming or Meta’s digital world, but the concept of the metaverse extends beyond this.   The most common misconception is that metaverse is one singular place — like the real world. Instead, it can be a series of meta-universes, unique digital worlds, or platforms developed by various companies to help people connect. The only way to understand the metaverse is through the concept...

---

### Financial Institutions Marketing Strategies That Actually Work

> To succeed in today’s competitive market, brands need to combine the 7 Ps of financial institutions marketing strategies seamlessly and creatively to truly connect.

- Published: 2022-10-14
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/financial-institutions-marketing-strategies/
- Categories: FinTech, Ideas

Financial Services Marketing Trends To Build Your Strategy If the promotion makes up 90% of your bank marketing strategy, you’re doing it wrong. Today’s marketing world is so much bigger, and your customers expect more from your business — and this applies whether you’re a traditional bank or fintech consumer finance system provider. That’s why it’s time to sit down and rethink your bank marketing strategies if you haven't done so already. But don’t worry, we won’t leave you high and dry. We’ve brought together some of the best tricks and tips for financial institutions marketing strategies today. Why doesn’t promotion work as a bank marketing strategy? Sale, sale, sale. While we all love a bargain, just having a promotion doesn’t work well for brands in the long term. At least not by itself. Promotional activities are often short-lived, and while you might reel in a couple of fish, the chances of keeping them long-term and finding value are fairly slim. Promotion, as a bank marketing strategy, has several flaws: Promotional tactics can be costly. From running campaigns to giving discounts on services, promo campaigns are not among the most cost-effective bank marketing strategies out there. Instead, they tend to be costly. So, before trying this one out, it’s essential to make sure the payoff is worth it. It’s a short-term tactic. Running promotions cheapens their value and, potentially, your brand’s reputation. Although short-term offers can draw in interested clients, having promotion as the centerpiece of your marketing strategies in...

---

### Financial Data Security in Online Loans: How to Increase Trust

> 8 out of 10 US adults fear businesses can’t secure their personal financial information. This fact may decrease conversions of financial institutions. Learn how to prove to clients your company is trustworthy

- Published: 2022-10-11
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/financial-data-security-in-online-loans/
- Categories: FinTech, Ideas

Banking Cyber Security: How to Provide Safe Online Loans Finances and banking are heavily regulated fields, especially when we are talking about data security. But yet, 8 out of 10 adults in the US are afraid that businesses can’t secure their personal financial information. And this fear may be one of the obstacles on the way to becoming a loyal client. That’s why today we’ll talk about how to prove to your clients your business is trustworthy and explain how you process their data.   Comply with the laws and regulations The privacy of consumer financial information is regulated by many different legal documents. The most known of them are: PSD2. Payment Services Directive standardizes the strong customer authentication requirements and introduces payment service rules for all companies working with EU citizens. At the same time, this document made open banking possible and more efficient. PCI-DSS. Payment Card Industry Data Security Standard is a global standard that protects payment card data. GLBA. GBLA stands for Gramm-Leach-Bliley Act, also known as the Financial Services Modernization Act. This act operates in the USA, and compliance with its requirements is mandatory for all financial institutions. It regulates and protects nonpublic personal information gathered by commercial banks, investment banks, securities firms, and insurance companies. GDPR. General Data Protection Regulation is another document that applies to all companies working with residents of the European Union. This regulation protects customers' rights and gives them control over the information the company can gather, store, and sell. NYDFS....

---

### HES LoanBox: September Updates 2022

> Meet a new series of blog posts with the most recent updates of HES LoanBox. In this article, we’ll make an overview of 7 new features released in September

- Published: 2022-09-30
- Modified: 2025-04-03
- URL: https://hesfintech.com/blog/loanbox-updates-september-2022/
- Categories: HES LoanBox, News

Work on HES LoanBox improvement never stops. That’s why we decided to introduce a series of blog posts to highlight the most recent and interesting updates so that you can keep an eye on the newest releases. Today, we’ll make a quick overview of new features released in September. No time to read? Request a 15-minute demo, and our experts will show you around at your convenience. #1. New loan calculation types The new version of HES LoanBox was powered by two new loan calculator types: Pay Day Loan (PDL). Now, you can set a daily interest rate and charge daily interest due. Linear principal repayment installment. With the new version of the platform, you can offer loans with consistent monthly payments. Also, we updated the back office, so the amortization schedule is now available for your managers. #2. Grace period and early repayment fee You asked for it - and we did it. Now, you can set up a grace period with custom rates when creating your loan products and create more flexible offers for your clients. Just as well you can configure an early repayment fee in case your borrowers often pay off the loan ahead of schedule. #3. Updated product engine In this release, we fully reviewed the process of creating new loan products to provide you with as much flexibility as possible. Here is a brief overview of the new product creation process: Step 1. Create a product group. Now, you have all the tools to...

---

### Common Banking Problems & Solutions That Really Work

> Both traditional providers and fintech are onboarding commercial loan servicing software to keep ahead of the competition. Here’s the how and why.

- Published: 2022-09-22
- Modified: 2025-02-14
- URL: https://hesfintech.com/blog/common-banking-problems/
- Categories: Banking, FinTech, Ideas

The lending market is changing faster than ever before. It’s estimated that this year, the alternative lending sector will reach a value of US$8,219. 00m. By 2027, that number could be as large as US$8,514. 00m, showing that lending is not only evolving but that non-traditional lending providers are proving serious competition. But why is this, and what can both traditional and alternative lenders learn from the latest market trends? To understand this, let’s take a look at the common banking problems and solutions in the lending industry today. Common banking problems and solutions today Finance has always been a fast-moving sector, and with the advent of technology, such as banking loan software, all that seems to have accelerated. While progress has been swift, it has left finance leaders with some challenges as well.   Keeping up with customer demands Top 9 B2B Financing Types and How They Can Be Automated It’s no surprise that fintech has taken over with such zeal, with the sector set to hit a value of $213 billion by 2024. Today’s consumers are more concerned with the speed of service and time than ever before. According to research, 40% of banking consumers are willing to leave their current provider if they are receiving a better digital service elsewhere. But what is a ‘better digital service. ’ For the modern consumer, this is an experience that is faster, more efficient, and more interactive. Unfortunately, such demands have left traditional providers in the dust.   Both traditional...

---

### Top 10 Tips on How to Design a Landing Page for Lending Business

> Great UX can increase your conversions up to 400%. So here are 10 tips from HES designers on how to build an onboarding page. Read on

- Published: 2022-09-15
- Modified: 2025-06-17
- URL: https://hesfintech.com/blog/how-to-design-a-landing-page-for-lending-business/
- Categories: FinTech, Ideas

How to Start a Lending Business, according to Boris Batine 94% of users don't trust a website with an outdated design, and yet you still can often see sites that look like they haven't been redesigned since the 90s. So when you start a lending business, the first thing you need to do after the paperwork is finished - is to build a website, or as we call it - an onboarding page. In terms of lead generation, the onboarding process is the most important one. Here are just a few convincing statistics: 42% of users leave a page if it has poor functionality 88% of people won’t return to a website after a bad user experience Great UX can increase your conversions by up to 400% That’s why today we’ll focus on onboarding page design that will help you maximize conversions. HES LOANBOX Psss... Wanna start lending within 45 days? Book a personal demo tour to explore our ready-made lending platform. Book a demo Top 10 tips for good onboarding from HES designers #1. Focus users’ attention via single-column design Why Do Lenders Prefer Software to Excel Loans Spreadsheets? When creating a loan company website, you need to focus all users’ attention on the most important thing - your offer. However, people’s attention and short-term memory aren’t perfect. According to research, people remember only 20% of what they read. When comparing single-column and multi-column layouts, studies show that people perceive the information placed in one column better and faster...

---

### Can Social Media Play a Role in Credit Scoring?

> Social credit scoring is a potential new tool many lenders are considering adding to their stack. The only question is — is it worth it?

- Published: 2022-09-08
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/role-of-social-media-in-credit-scoring/
- Categories: FAQ, FinTech, Trends

Did you know that the history of credit checks dates back to 1841? No? Well, you’re in for a knowledge treat. Back then, the credit check bureau, known as the Mercantile Agency, was founded, ringing in the dawn of consumer credit worthiness. At first, such agencies gathered and stored data about potential borrowers. This approach was widely adopted. However, it wasn’t until the 1960s that credit scoring as we know it today began with the initiation of the very first consumer lending solutions. Computers revolutionized the credit scoring industry. The FICO (in its early form) was founded, and credit checking businesses first used tech to evaluate the creditworthiness of their clients. Credit Scoring Integration: How to Upgrade Your Loan Origination Software Unfortunately, not much has changed since then. Technology may have advanced, but credit checks continue to follow much the same formula as they always have done: via amounts owed, new credits, payment history, credit mix, and length of credit history. However, with a rise in new evaluation methods and technology, creditworthiness checks could be set to undergo a new major shift. Enter social credit scoring.   What is social credit scoring, and why could it help even the odds for borrowers? Although a questionable HR practice, it’s become quite commonplace for employers to check out future hires on social media. With the growth of social media in general, many questions about why this should apply to the credit industry. After all, what better way to evaluate a potential borrower...

---

### HES LoanBox: What’s new?

> Recently we presented to you our new product - HES LoanBox. But we never stopped improving it. So today, we want to share with you the top 8 new features. Read on

- Published: 2022-09-06
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-loanbox-updates/
- Categories: HES LoanBox, News

At the end of March, we presented to you our new product - HES LoanBox. But we never stopped working on our products, adding new features and improving the quality of the technology. So today, we want to share with you the top 8 features we have added to the HES LoanBox during these six months. #1. KYC verification KYC stands for Know Your Customer and is a process of customer identification and verification. Here is how it works: Step #1. First of all, customers need to fill in a form with their personal details. Normally the KYC system asks about the name, date of birth, address, identification number, and selfie. But these requirements may vary depending on what system you use. Step #2. Next, the user should upload a document that proves their identity. It can be an ID card, passport, driving license, etc.   Step #3. Then, the program runs several checks to confirm the identity and authenticity of uploaded documents.   As you can see, a KYC check is just another level of security that allows you to ensure your customers are real and monitor risks. And we are happy to say that now, our LoanBox is fully compatible with not one but two KYC providers:  OnDato  - provides solutions for identity verification, data monitoring, screening, due diligence, risk scoring, and case management - all in one place. Jumio - pioneered the ID and selfie approach to identity verification, leveraging ten years of real-world production data and...

---

### How to Start a Lending Business, according to Boris Batine

> How to start a lending business from scratch? Boris Batine, Co-founder and CEO of MoneyMan, shares his experience of starting a loan company.

- Published: 2022-08-18
- Modified: 2025-06-17
- URL: https://hesfintech.com/blog/how-to-start-a-lending-business/
- Categories: HES Clients, Interviews

Alternative finance is reshaping the financial landscape and taking over the world. As of 2022, the global alternative financing market was valued at USD 10. 82 billion. It is projected to experience a compound annual growth rate (CAGR) of 20. 2% from 2023 to 2030. Becoming a profitable niche for business, entrepreneurs choose to start a loan company and provide digital services for customers. However, starting a loan company is a challenge with many unpredictable trials. Even if you think out your business plan, choose the niche, and find an investor, it doesn’t guarantee a risk-free path from a startup to an SME business. So, the HES team decided to ask one of our loyal clients about challenges on the way to success because who knows better how to start a loan business than an owner of such a company? We are talking about starting a loan company, risky decisions on the way, and market expansion with Boris Batine, Co-Founder & CEO of the international micro-credit provider ID Finance and one of HES’s most valued partners. ID Finance is the holding behind MoneyMan and AmmoPay companies, as well as Plazo brands in Spain, Mexico, and Brazil. As of October 2019, the company reported 3 million users with over 40,000 new users joining each week. Based on the insights, the company has gained €60 million since 2015 including €5. 8 million of equity and €54 million through debt.   About MoneyMan  MoneyMan is an online micro-credit lending business with more than...

---

### How to Choose the Top Loan Origination System for Your Business

> Finding a new LOS system is a challenge. Here’s how to look for the best loan origination system vendors and get the technology you need.

- Published: 2022-08-11
- Modified: 2025-04-05
- URL: https://hesfintech.com/blog/how-to-choose-loan-origination-system/
- Categories: FAQ, FinTech, Ideas

In 2020, the loan origination market was valued at approximately $3. 8 million (USD), with a CAGR growth of ~12. 88%. It is expected to hit $6. 2 million by 2026. Further financial instability caused by global political events, including inflation and economic crisis, could indicate a need for an increase in both long- and short-term lending to ride out the hard times. In turn, market demand for LOS systems (or lending origination systems) that effectively manage loan origination without raising business risk is rising. However, not every business knows what to look for when choosing effective LOS vendors to update or create systems for their current lending software needs. What is loan origination software? How to Choose SME Lending Software and Stay on BudgetThe best loan origination systems are those that deliver for your business—meets consumer needs, improves business processes, and has a positive impact on your business. But what is a LOS and what to look for when choosing one?   A lending origination system, or LOS system for short, is a software tool that takes care of the entire loan process from application to document processing to credit scoring and the borrower receiving funding. An LOS system automates the process, streamlining it so the business is able to operate more effectively. If done right, the loan origination software can: Reduce the risk of lending and ensure policy and regulation compliance Improve the prospects of the organization’s credit portfolio Reduces the time it takes to approve a loan...

---

### HES FinTech and Nordigen Partnership:  Lending Solutions for Open Banking

> We are excited to announce our partnership with Nordigen - a freemium open banking platform. Learn how our collaboration will help simplify open banking adoption in Europe and deliver end-to-end digital lending solutions

- Published: 2022-08-04
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-and-nordigen-partnership/
- Categories: News

We are excited to announce our partnership with Nordigen - a freemium open banking platform. Together, we’ll work on simplifying open banking adoption in Europe and beyond and delivering end-to-end digital lending solutions with multiple Fiserv providers. What is Nordigen? Nordigen is an authorized Account Information Service Provider that offers free access to bank data via open Application Programming Interface (API), which means you can get connected to over 2,300 banks in 31 European countries and improve financial services using Nordigen’s services. Their products are safe due to compliance with the Payment Services Directive (PSD2). Based in Latvia, Nordigen works with small and medium fintech enterprises all around the world. They aim to help businesses start their way in open banking and make the financial industry more inclusive and transparent. What will our partnership add to the HES solutions and FinTech industry? Our partnership with Nordigen will allow us to deliver solutions with a seamless and easy loan application process. Your clients will only need to give consent for access to their bank information, and you will get their bank account number for payments and loan auto-debits. That is not only convenient for your clients but also eliminates human mistakes. Also, you can use clients' bank information to improve internal processes. For example, you can include the client’s history of income and expenses into the scoring algorithm, check how much they already spend on different credits, and verify that they have enough money in their bank account before starting an...

---

### Robotic Process Automation Vs. Workflow Automation: Which One Is Best?

> When it comes to Robotic Process Automation Vs. Workflow Automation, it’s hard to know which is best. Let us help. Read on to discover more about RPA vs BPM

- Published: 2022-07-29
- Modified: 2024-01-29
- URL: https://hesfintech.com/blog/robotic-process-automation-vs-workflow-automation-in-lending/
- Categories: FAQ, FinTech

Robotic process automation vs. workflow automation—which one is best for your lending business? With the global automation market is set to reach $600 billion this year, up from $481 billion just two years ago, a clear marked interest in software shows that businesses are seriously placing their bets on automation as a viable solution more so than ever before. In fact, the majority of organizations—97%—agree automation can improve their businesses, but not every company is sure precisely how to go about it or which tools to engage to get the results needed. Hesitant companies are often fearful of wasting finances on solutions that won’t work or don’t work as effectively as needed. When it comes to the lending industry, the two forerunners, RPA vs BPM, cause much debate on which is the better tool to get things done. Although both are effective, there are some differences between BPM automation and RPAautomation for loan software that make one solution over the other suitable for some companies. Let’s take a look. RPA vs. BPM: Difference between BPM Automation and RPA Why Do Lenders Prefer Software to Excel Loans Spreadsheets? BPM is an overall approach to analyzing, monitoring, and improving business processes from start to finish. This can be done using BPM software or tools (but it doesn’t have to be). RPA is designed to optimize repetitive tasks. Although we often hear the question of “which is better: BPM vs. RPA? ” It doesn’t have to be this way. BPM and RPA combined...

---

### "I Quit My CMO Job to Launch HES" - an Open Talk with HES Co-Founder and CRO

> Tubetorial had an open talk with HES FinTech’s Co-Founder about launching a business and behind-the-scenes business stories. Read on the highlights

- Published: 2022-07-20
- Modified: 2025-06-17
- URL: https://hesfintech.com/blog/dmitry-dolgorukov-interview-with-tubetorial/
- Categories: Ideas, Interviews

Dmitry Dolgorukov, HES FinTech’s Co-Founder, shared some of his personal and behind-the-scenes business stories in his new interview for Tubetorial. About Dmitry Dolgorukov: Entrepreneur and investor with a degree in International Economics and Marketing and 15+ years of experience in financial software development projects. A member of Forbes Finance Council since 2020, a Co-Founder and a CRO of HES FinTech, and CEO at GiniMachine - an AI-driven platform that solves traditional credit scoring challenges with machine learning algorithms. In 2018, he was ranked as one of the top 200 Fintech leaders in Europe who contributed to the industry as influencers through action. In 2019, Dmitry was ranked as one of the most influential AI leaders in Eastern Europe. Key Parts of the Interview You can read the full text of the interview here. Below we organized the most important picks from it: About launching HES FinTech In my early twenties, I was fascinated by studying economics and considered an academic career the most likely option. Also, I was inspired by business strategy, so eventually, I started marketing strategy development for an aspiring software company. The business started rapidly scaling, and I managed to grow to the CMO position. However, in 2012 I took the riskiest decision ever: we launched HES FinTech with my business partner, and basically started all that from scratch. Now, as we celebrate the company’s 10th anniversary this year with almost 100 employees and 160+ projects all over the globe, I can say that it was a...

---

### Why Do Lenders Prefer Software to Excel Loans Spreadsheets?

> Tried and tested Excel loan spreadsheets might seem like a safe bet but is it a smart one. Let’s take a look at Excel loans and alternative solutions.

- Published: 2022-07-15
- Modified: 2024-11-22
- URL: https://hesfintech.com/blog/excel-loans-spreadsheets-vs-lending-software/
- Categories: FAQ, FinTech, Ideas

Why Digital Lending is More Powerful than Ever If it’s not broken, don’t fix it, right? When it comes to Excel loan spreadsheets, it might be time to throw this phrase out the window and explore other options. Excel lending solutions continue to remain popular despite the growing digital transformation of the lending industry as a whole. But why? Well, they work, and employees know how to use them. That makes it difficult for a company to make a solid case for changing from Excel loans to a software solution, even if they really should. Here’s why. Why's It Difficult to Give up Excel Finance Sheets for Software Solutions? Choosing whether to undergo a digital transformation or not to undergo a digital transformation can be a dilemma for lending providers. Excel finance sheets have served well and changing them will take time, energy, and money. But that’s not the only reason decision-makers remain on the fence. For example: “We’re used to it”—this is a tough argument to win as debatably, starting any digital transformation process, whether it’s about an Excel finance sheet or something else, is a challenging process. Estimates show that such endeavors can fail better 70%-90% of the time, so why bother in the first place? Because the future is digital and if done correctly it can truly benefit your business. Digital transformation is happening. In 2020, it was valued at $469. 8 billion. By 2025 that number is expected to reach $1,009. 8 billion. Additionally, choosing to...

---

### What is CECL and What Does it Mean for Your Business?

> CECL stands for current expected credit losses. With CECL implementation impending you may wonder what is CECL and what does it mean for your business?

- Published: 2022-06-30
- Modified: 2024-01-29
- URL: https://hesfintech.com/blog/what-is-cecl/
- Categories: FAQ, FinTech, Ideas

The 2008 financial crisis left its mark on the financial world, spurring a more cautious approach to lending as a whole. The previous Allowance for Loan and Lease Losses (ALLL) accounting standard proved itself to be insufficient and allowed untenable loans to build up without the funds to secure it. ALLL focused on accounting for losses that were incurred but not yet realized, meaning that interruptions in cash flow collections were not accounted for and the economy’s overall negative sentiment wasn’t taken into consideration. This meant that realistic future losses failed to be expected and reserves were not adjusted. Lessons learned from the crisis spurred change with a focus on ensuring such as situation could never arise again. One of these changes, introduced in 2016 and adopted in 2020 is the CECL (Current Expected Credit Losses) accounting standard. What is CECL? CECL stands for Current Expected Credit Losses. It is an accounting standard that focuses on a forward-looking predictive model that calculates bad debt or estimated credit loss. CECL is a replacement for the defunct ALLL model and current incurred loss (ICL) method, which focuses on incurred debt not expected loss. The current CECL methodology was published by the FASB (Financial Accounting Standards Board) in 2016 in its Accounting Standards Update (No. 2016-13). It aims to replace previous standards used for accounting for estimated credit loss. These new standards aim to: Increase the simplicity of calculating debt by reducing the number of models used to calculate debt. Avoid dictating a...

---

### Emerging Trends in Healthcare Financing: What Providers Need to Know

> Which industry trends will impact healthcare financing and vice versa in the near future? Let’s find out how HES LoanBox can assist with that.

- Published: 2022-06-23
- Modified: 2025-04-04
- URL: https://hesfintech.com/blog/healthcare-financing-trends/
- Categories: FinTech, Industries, Trends

With lockdowns seemingly a thing of the past and mask regimes reduced, it might be tempting to believe COVID was all a bad dream. However, this is far from the case. The pandemic has inevitably changed the trajectory of the healthcare industry, among numerous others. From supply chain issues to staffing to care provision to healthcare financing and more, no area of the sphere has remained untouched. Add that to the wider issues of rising inflation rates, growing international instability, and increased demands from service users, to stay ahead in the healthcare industry, it is becoming vital to stay abridge the healthcare trends. Factors Shaping the New Healthcare Financing Trends If you feel the world is moving faster than ever before, you’re not alone. This is a sentiment shared by many. Although there is some literal truth to this, what we are actually experiencing is more than a decade of intense technological advancement, coupled with socio-economic and geopolitical factors, and industry-specific movements that are changing healthcare and healthcare financing for the future. Let’s take a look. Industry-wide developments Technology advancement—from the beginning of mobile internet to 5G communications, the tech industry has come on leaps and bounds. Although consumer tech dominates, medical and healthcare technology is also advancing with experimental and promising treatments being discovered and some becoming more accessible. This has meant that not only do researchers have to discover innovative ways to fund science, but patients also must seek medical financing solutions to fund their own healthcare. Future...

---

### Mortgage POS Software: Why It’s the Next Step for Your Business

> Mortgage POS solutions deliver an essential bridge between a potential lending client and the provider. Here’s the essentials you need to know.

- Published: 2022-06-16
- Modified: 2024-01-29
- URL: https://hesfintech.com/blog/mortgage-pos-software/
- Categories: FinTech, Ideas, Industries

According to estimates, the lending industry is set to originate ~$2. 5 trillion in loans over the next three years. To put this in perspective, this amount is 40% higher than in 2019, just before the pandemic. With interest in lending for home ownership skyrocketing, lending providers need to keep up or risk falling out of the race. Mortgage POS (point of service) software is one solution to help borrowers connect with lenders faster than before, staying in touch through the process from origination to delivery to collection. But why is mortgage point of sale software winning over alternatives and just what makes them so competitive? What is Mortgage POS? Mortgage point of sale software, or mortgage POS, for short is a scalable lending solution that allows businesses to help their clients access and manage credit more effectively and efficiently. Essentially, mortgage POS streamlines the borrowing process developing an experience that is more user-friendly.   With 63% of homeowners in the US having a mortgage, indicating a large market for home-buyer lending. However, many may face challenges with applying for loans, such as access to a local credit provider, fear and simply not having enough time to explore their options. Borrowers need a more efficient way to apply for home-buying loans. Mortgage POS is the solution.   Mortgage point of sale software allows potential lenders to apply digitally for a home loan. The application is then assessed via a digital portal, secured with the latest technology. Once the essential documents...

---

### Money 20/20 Conference in Amsterdam: Key Event Notes with HES

> The Money 20/20 event is a great opportunity to meet fintech industry leaders. If you missed it, here's a sneak-peek into the event with HES.

- Published: 2022-06-13
- Modified: 2025-06-17
- URL: https://hesfintech.com/blog/money-20-20-conference-with-hes/
- Categories: Events, FinTech

Held in Europe and the USA since 2012, Money 20/20 world-renowned fintech conference is a premier show gathering C-level executives, industry thought leaders, innovators, and disruptive entrepreneurs to drive change in the future of finance. Ivan Kovalenko, HES FinTech’s CEO and Co-Founder, visited the even and shared his first impression after the three days of Money 20/20 are over: "I’m excited to be one of 6k+ delegates from thousands of companies and happy to meet our business partners from banks and fintechs. The biggest challenge I faced at this event was choosing from almost 400 speakers and visiting only the most outstanding presentations. The thought leaders provided dozens of fresh ideas, openly shared their challenges, started resonating topics and discussed the future of financial technology". Money 20/20 Conference 7-9 June, Amsterdam 1 / This text is supposed to be a sneak peek into the event, bringing speakers' opinions, industry expectations, and trends mentioned by the keynote Money 20/20 speakers in Amsterdam. Open Banking Daniel Kjellén (CEO and co-founder Tink) argued that the idea of open banking is in the past: “It's just that nobody cares about open banking. If you ask the consumer they will say ‘I have no clue, it was just very convenient to switch accounts. ” Charlotte Hogg, CEO of Europe Visa, shared her point of view saying that due to open banking people “feel more in control of their data”.   Some speakers said they anticipated being further along with Open Banking by 2022. However, a...

---

### KYC and AML Processes or How Automation Improves Compliance in Lending

> How can automation fix the problem of a long verification process? Here are all fintech ideas to accelerate KYC underwriting and AML lending.

- Published: 2022-06-09
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/how-automation-improves-compliance-in-lending/
- Categories: FAQ, FinTech, Ideas

We’re living in the digital world, but the pace of technology adoption is slower than the development of technology itself. It’s quite natural that a significant number of financial institutions still use traditional techniques in their business processes and the domain of KYC and AML is no exception. However, AML/KYC compliance is designed to help prevent identity theft, financial fraud, money laundering, and other financial crimes. The Ultimate Marketing Ideas for Loan Companies to Generate Leads In this in-depth guide we’re going to discover the main challenge of AML and KYC adaptation, the problem with traditional KYC underwriting, and solutions provided by fintech companies to improve AML lending.   KYC and AML in Lending Before plunging into more specific details, let’s observe KYC/AML meaning.   KYC KYC is the principle of activity applied to banks, lenders, investment and mutual funds that oblige these institutions to identify a borrower before conducting a financial transaction. Under KYC, borrowers must provide credentials to prove their identity and their address. ID cards, face and/or biometric verification, utility bills, etc. are examples of acceptable documents.   Such a policy helps to better understand clients, monitor financial transactions, reduce customer risks, and consequently prevent bribery and corruption. AML AML is a set of measures that ensures that companies are able to detect and prevent money laundering, and, accordingly, protect themselves and the financial systems in which they operate. AML/CFT Governance Framework What’s the difference between KYC and AML? To put it briefly, KYC is a part of...

---

### Saudi Aramco and Customers from Africa - the Footprint of HES is in 30+ Countries Now

> Read a great interview by the Baltic Times with Ivan Kovalenko, HES FinTech Co-Founder and CEO. They talked about HES, company's growth, and the team.

- Published: 2022-06-02
- Modified: 2022-12-28
- URL: https://hesfintech.com/blog/the-footprint-of-hes-is-in-30-countries-now/
- Categories: Interviews, News

Let us announce a great interview of Ivan Kovalenko, HES FinTech Co-Founder and CEO. Recently, he talked to The Baltic Times, an independent newspaper covering issues and events in Estonia, Latvia and Lithuania. The interview goal was to discuss the fintech market landscape in Europe, expansion to the new regions, as well as HES FinTech’s largest customers and plans for the future.   About Ivan Kovalenko: Entrepreneur in FinTech software engineering with solid 10+ years experience in IT projects and product assessment, development, and delivery. Co-founder and Chief Executive Officer of HES FinTech and GiniMachine AI. Key Parts of the Interview Company’s before and after: We covered the path from a small fintech software development company with a dozen developers and testers to a mature business providing 100+ workplaces and having 160+ completed and active projects in more than 30 countries worldwide. About the fintech market landscape: I see the only barrier for the fintech industry: compliance. This is especially true for the EU and the North American market. However, we can notice some balancing: there is a fantastic growth of fintechs in the number of deals, funding, and customer base growth. About the competition of incumbents and neobanks: Customers may be willing to try services of digital banks or alternative lenders due to various reasons. Either because of good experience with traditional financial institutions and a high level of trust (like in Scandinavian countries). Or because of unsatisfactory or insufficient experience with traditional institutions (like in South Eastern Asia)....

---

### Why Embedded Payments in Lending Are a Gamechanger

> Why embedded payment are revolutionizing lending? Here are the four ways payment integrations are changing the industry today.

- Published: 2022-05-26
- Modified: 2023-08-22
- URL: https://hesfintech.com/blog/embedded-payments-in-lending/
- Categories: FAQ, FinTech, Industries, Trends

A tidal wave of change is reshaping the way lenders think about payments. As the world undergoes a massive shift toward digital, the popularity and uptake of digital payments are undeniable.   Payments are no longer just a back-end function; they have become a front-facing component of everyday business experiences. As a result, companies are putting payments in the spotlight. And the lending industry is fast following suit.   What Are Embedded Payments?   Pros and Cons of Embedded Lending Embedded payments are a payment processing functionality embedded (or built-in) into software solutions. The functionality helps merchants accept payments within their business management software rather than using a separate system. In other words, with a simple API integration into the check-out process, embedded payments offer a convenient, frictionless experience that customers have come to expect. For this reason, embedded consumer finance has taken the world by storm. In fact, the embedded payments industry is growing rapidly, and revenues are expected to reach $138 billion in 2026. Next Generation Payment Solutions Complete the Lending Journey  End-to-end digital lending has finally become more than a buzzword these last few years, with the advent of lending software solutions, allowing lenders to automate the complex manual processes of the past. Loan management platforms deliver a significant increase in organizational time saved and overall customer satisfaction. As the industry moves towards digital finance, integrated payments have become a big piece of the pie. Because, let's face it, applying through a lending platform software and then...

---

### Digital Signature in Banking: Points for Financial Organizations to Consider

> Discover the facts about digital signature in banking and how you can implement e-signatures successfully in your fintech

- Published: 2022-05-24
- Modified: 2025-04-04
- URL: https://hesfintech.com/blog/digital-signature-in-banking/
- Categories: Banking, FinTech

E-signatures in business increase efficiency, allow business to be done across borders and are environmentally friendly too, saving on the paper trail. Valued at an estimated $16. 8 billion by 2026, it's an industry that continues to develop and its list of applications is only growing. In the financial industry, digital signatures in banking and other fintech businesses e signature banking solutions are solving the challenges of implementing a remote service, while still adhering to strict regulatory measures. Fast Facts about E-signatures in Banking and more 2. 5 to 9 months. That’s how long it could take to implement digital signatures into your business. For smaller businesses, it will take less time. For larger enterprises, this can extend to almost a year. 55-78. 62%. The total estimated savings made by introducing e-signatures into your business. This includes paper costs, waiting times, subscriptions, materials, etc. , making switching to digital quite profitable. 8 minutes. The time it could potentially take to open an account with an e-signature in banking. 90% reduction. Document processing errors are reduced by approximately 90% when digital signatures are introduced. Top 6 Fintech Trends in 2022: What You Need to Know 2. 5 billion trees saved. In less than 20 years, over two and a half billion trees can be saved if companies switch to e-signatures. 40% less time reviewing. Customers and clients spend 40% less time reviewing documents when they are digital. LENDING SOFTWARE Looking for a loan platform with e-signatures? Book a personal demo tour...

---

### How to Start In House Financing & 5 Businesses to Benefit from It

> Offering in house financing gives businesses an edge over their competitors. Here’s how in house customer financing services work.

- Published: 2022-05-19
- Modified: 2025-04-03
- URL: https://hesfintech.com/blog/in-house-finance-for-business/
- Categories: FAQ, FinTech, Ideas, Industries

Lending is becoming ever more flexible, and finance, in general, is democratized. TransUnion reports that in the second quarter of 2022, the total balance of personal loans reached $192 billion, reflecting a 31% increase from the same period in 2021. In-house financing empowers both businesses and their customers to increase their spending power and does so at a singular point of service. From in-house customer financing for cars, insurance, and more, the industry is developing at a rapid pace never seen before. The only questions that remain are what in-house finance means how to start in-house financing, follow the trends, and what in-house financing software is good enough to improve your bottom line tomorrow. What Is In-House Financing and Why Offer It? In-house financing is financing provided by a retailer to facilitate the purchasing process for customers, i. e. providing a loan to complete a transaction. This financing type goes back a while, almost to the beginning of money itself. However, in recent history, two historical events have marked its rise. The first was the financial crisis of 2008 when businesses had to stop and rethink their current strategies to remain viable. The second is more recent. Why Digital Lending is More Powerful than EverAs we navigate the post-pandemic landscape in 2023, businesses continue to adapt and innovate to meet evolving customer needs. The lessons learned from the onset of COVID-19 in 2020 have accelerated the adoption of more efficient and customer-friendly services. In this context, in-house financing—or in-house customer...

---

### Loan Syndication Software and Processes: What to Automate and How?

> earn more about loan syndications and how modern loan syndication software can be automated to get the results you need for your business.

- Published: 2022-05-05
- Modified: 2024-11-22
- URL: https://hesfintech.com/blog/loan-syndication-software/
- Categories: FinTech

Loan syndications are a reinvigorated and growing area of lending that has grabbed the attention of investors and lenders alike. In 2021, the global syndicated loans market had a value of $1018. 7 billion. It is expected to expand significantly, with a projected value of $3798. 4 billion by 2031. This represents a compound annual growth rate (CAGR) of 14. 2% from 2022 to 2031. Recent evolutions in the sector have seen the emergence of non-bank lenders joining the realm of syndicated credit in a new wave of modern lenders, similar to Peer to Peer (P2P) lending. But as this sector develops, it faces greater expectations to move forward and away from its roots in traditional banking and forward into the future. Let’s look at the future of syndicated loan operations and loan syndication software and what this could mean for a new generation of borrowers and lenders. What Are Syndicated Finance and Syndicated Lending? Syndicated lending is a system wherein a lead arranger takes on a loan and involves other lending participants to reduce the risk, and reap the rewards. The group of lenders who join is known as a loan syndicate, and such systems date back to the early 1960s. Recently, syndicated loan data shows that they have experienced an uptick in interest and there is a defined move to establish a more modern approach. Who Is Involved in Syndicated Lending? When it comes to syndicated lending, a number of parties are involved. These include: Lead lender/arranger –...

---

### Fintech Application Development: Your Step-by-Step Guide

> Starting your fintech application development journey can be a challenge. Let’s make it simple with our how to create a fintech app guide.

- Published: 2022-04-28
- Modified: 2025-04-07
- URL: https://hesfintech.com/blog/fintech-application-development/
- Categories: FinTech

No matter what stage your financial business is at, it’s never too late to start thinking about how you can improve your digital offerings. Whether you’re a brand new early-stage or scale-up fintech, a more mature financial technology firm, coming from a traditional brick-and-mortar background, or somewhere in between, fintech application development should be your top priority for the coming years. The latest statistics show that over 73% of smartphone users have utilized a fintech app in the last month to manage their finances, and that number is growing. That’s why now’s the time to answer that burning question: “how to create a fintech app? ” and see the potential for your business in the coming years. In this guide, we’ll cover: The basics of fintech app development: what types there are, features, and more. How to create a fintech app step-by-step? Including planning and strategy to release. How much does it cost to build an app? Breakdown of the finances, financial app planning, and more. Basics of Fintech App Development Fintech is a growing trend worldwide as people gain digital access to their finances, but what is fintech exactly? Fintech is short for financial technology, it covers all elements of the financial world from banking apps to NFT platforms, trading to insurance and everything in between, making it an extremely diverse field. So, before we get into the details of how to build a fintech app and its steps, let’s take a look at the basics of fintech app...

---

### HES FinTech and VoPay Partnership: Lending Powered with Leading-Edge Payment Processing

> HES is happy to annouce a new partnership with VoPay. It strengthens HES FinTech’s position in the Canadian market of lending solutions. Here's more.

- Published: 2022-04-26
- Modified: 2024-10-17
- URL: https://hesfintech.com/blog/hes-fintech-and-vopay-partnership/
- Categories: News

HES FinTech, a global lending software vendor, today announced its partnership with a large Canadian payment technology provider VoPay. HES provides configurable and out-of-the-box digital lending solutions, while VoPay will power them up with a seamless and real-time payment option. What Is the Key Value of this Partnership? For HES, this partnership becomes a major step for expansion strategy into the Canadian market, where the real-time payments trend is gaining momentum.   The companies are united by the same goal: they both help banks and financial institutions digitally transform their legacy lending system and make loan origination faster, safer, and more beneficial to all parties involved. While more and more lenders prioritize top-notch digital solutions, HES FinTech and VoPay are joining their forces to reach synergy in boosting real-time payouts, automated collections, instant verification of account details, and much more within the HES Lending platform. A single solution with rich functionality helps lenders outperform competitors in the growing lending market.   We are happy to start our strategic partnership with VoPay, a well-known Canadian-based provider of digital payment solutions. It allows us to offer customers fast and seamless integration to make their transactions secure and available anytime. We are excited to exchange our deep domain expertise and market insights to create a Lending Platform that is potent to take the business of our customers to a new level. Ivan KovalenkoCEO at HES FinTech According to the CLA (Canadian Lenders Association), 82,1% of lenders use payment gateways to disburse funds. The...

---

### Top 9 B2B Financing Types and How They Can Be Automated

> How to automate lending with B2B financing software? HES has a vast experience in lending software developent and here're our top tips to note.

- Published: 2022-04-21
- Modified: 2025-06-17
- URL: https://hesfintech.com/blog/b2b-customer-financing-software/
- Categories: FinTech, Ideas

In this article we are going to discuss B2B financing from the technical point of view, consider types of B2B loans, and ways to automate loan origination and loan management in commercial lending. According to Small Business Credit Survey 2019, the average commercial loan obtained in a bank is around $417,316. However, due to their size, B2B business loans in banks are associated with a prolonged credit risk evaluation process and lots of paperwork. This is why SMEs tend to build the demand for non-banking funding options causing the growth of B2B financing companies.   Alternative lending allows smaller businesses to grow: SMEs apply for B2B loans to purchase real estate, finance payroll, finance inventory expenses, or scale up their businesses. Non-banking lenders usually have a solid technology base, so let's take a look at what B2B lending tech provides today. Advantages for Business Borrowers Commercial lending solution powered with an upscale business lending platform allows more speed and flexibility, as well as a higher approval rate when compared to commercial lending in banks. For example, in 2018 the approval rate for big banks loans reached 27. 7%, while alternative lenders approved 56. 8% of business loans. Additionally, non-bank lending institutions may specialize in a wider range of loans, lending in specific industries, and in general, can create new loans faster.   Automation & Mitigation of Human Error A business lending platform allows breaking down tedious manual tasks into fully automated and straightforward business processes. Simplified workflow, better user journeys...

---

### Upgrading Bank or Credit Union Software? Here’s How to Partner with a LendTech

> Upgrading your bank or credit union software can be a challenge. But partnering with a LendTech provider could smooth the process. Here’s how.

- Published: 2022-04-14
- Modified: 2024-11-22
- URL: https://hesfintech.com/blog/lendtech-and-credit-union-software-update/
- Categories: FinTech, Ideas

Increased competition in the banking industry and the rise of digital providers is leading traditional financial services to seek out ways to upgrade their technology. In 2020, over 69% of executives stated they had accelerated their digital transformation strategies to try to stay ahead of the digitization game. This is an increase on previous years, indicating a determined shift toward a more digital infrastructure overall. Back in 2018, just 9% of banks had launched a digital transformation strategy, while credit union software upgrades were accelerating at 16%. Fast-forward to today and we are still observing banks and credit unions experiencing challenges when engaging new software and technology systems. So, let’s take a look at what is the best solution, which steps to next, and why partnerships with a reliable LendTech provider could be just what the client ordered. Challenges to Upgrading Bank or Credit Union Software Systems In countless consultations with banking and credit union professionals, when it comes to upgrading their technology—whether that’s loan origination systems for credit unions or a total loan system overhaul for a multinational bank—we’ve come across some commonly believed myths and challenges that prevent financial providers from engaging meaningfully. Let’s take a look. Myth Bank and credit union providers believe lending software is an all or nothing venture. It’s expensive and will involve a lot of work. Fact While we can’t say a digital transformation will be a piece of cake. It is manageable and certainly not an “all-or-nothing” venture. It can be as...

---

### Best Mortgage CRM for Lenders: Top 5 & How to Choose

> What is the best mortgage CRM for lending? Here's the top 5 platforms and their features to consider for your loan management software.

- Published: 2022-04-12
- Modified: 2024-11-22
- URL: https://hesfintech.com/blog/best-mortgage-crm-for-lenders/
- Categories: FinTech

Mortgage Lending Trends 2022: Rates, Technologies & Forecasts Despite the coronavirus crisis, the real-estate market is continuing to grow. Current predictions estimate an approximate 9% rise between 2022 and 2027, a cooler forecast than previous years, but still rising steadily. With housing prices continuing to increase, while disposable income rates are rising only slightly, +1. 12% for Germany, -1. 03 for the US, demand for mortgages is set to remain strong. Many providers are now looking toward tools such as the best mortgage CRM software to stay ahead of the competition and streamline their processes. Let’s take a look at what CRM is and some of the best CRM for mortgage brokers on the market today. What Is a CRM for Mortgage Brokers? If you’re not familiar with the abbreviation, CRM stands for customer relationship management. Mortgage CRM systems help lenders to optimize the mortgage process in an automated, efficient way and allows you to zoom in on your client profiles to improve your business. Mortgage CRM systems can: Automate mortgage marketing activities Help maintain communication with the client Manage deals from start to finish Optimize and centralize communication Track all consumers and real-estate projects  By optimizing processes using a mortgage CRM system, lenders can deliver a confident approach that will build must-needed client trust, ensure payments occur on time and automate internal processes, saving time and money for the lender. LENDING SOFTWARE Psss... Wanna start lending within 90 days? Book a personal demo tour to explore our fintech powers....

---

### Tips for Calculating Your Estimated Return on Investment for Loan Software (ROI)

> Follow our tips to unlock the secrets to getting your estimated return on investment for loan software right the first time around.

- Published: 2022-03-29
- Modified: 2023-02-16
- URL: https://hesfintech.com/blog/how-to-calculate-estimated-return-on-investment-for-loan-software/
- Categories: FAQ, FinTech

Digital transformation within the lending industry remains a hot topic, and rightly so. The IMF (International Monetary Fund) estimates that over 60% of global GDP will originate from the digital world this year. In addition, insights from Deloitte show that firms that are more digitally mature can expect a 45% net revenue growth, and 43% net profit margin compared to lower maturity at 15% percent for both markers. Still, many companies struggle to calculate the cost of digital transformation effectively and analyze the estimated return on investment loan software correctly. All of which contributes to the 84% of companies that fail in digital transformation. So, if it’s not sheer spending power that equals success, what is it? The starting point is knowing at the outset how much it is going to cost.   How to Calculate ROI for a Business? Top Tips To help you calculate your expected return on investment loan software and make smarter decisions for your company, we’ve created these tips. Tip 1: Know what’s included in your lending software transformation Digital Transformation in Banking & Finance Just like a potential lender comes to you looking to know the cost of borrowing money, so too should your business know just how much that digital transformation and software is going to cost. Unlike a simple purchase, you make at a store, digital lending software isn’t just a buy-it-and-done deal. It’s likely it will involve a number of factors, such as initial software cost, maintenance costs, team onboarding costs,...

---

### Financial Services Marketing Trends To Build Your Strategy

> Don’t fall behind your competitors. Stay in front with our top tips and trends for Financial Industry Marketing in 2022 and beyond.

- Published: 2022-03-24
- Modified: 2025-04-05
- URL: https://hesfintech.com/blog/financial-services-marketing-trends/
- Categories: FinTech, Ideas, Trends

Marketing trends may come and go but ignoring industry best practices can impact how well your financial provider does their business. Trust remains top when it comes to choosing a provider, and competition is getting tougher. Now, 31% trust fintech as their primary financial provider, with that number rising to ~50% for Gen Z and Millennial consumers. But how can financial providers stay connected to their clients and what financial services marketing trends should they be looking out for? Let’s take a look. Perhaps, it will help you find the best way to market financial products and services. Top Financial Institutions Marketing Strategies No. 1 Automated marketing processes On average, statistics show that 76% companies that implement automation into their marketing strategy gain a return on investment in the first year. Speed matters in marketing and that goes double for digital marketing in lending industry. While these results sound great, many top-level staff remain uncertain as to what automation looks like. Let’s unwrap. Top 9+ Ideas for Marketing Automation in Lending To automate marketing of financial services, companies utilize data to organize and perform various marketing tasks. For example, it can include: Email marketing automation—by streamlining the client and potential client emailing process, financial providers can deliver tailored offers and products to the clients who want them. While we’re all reluctant to open yet another email, now’s not the time to give up on this profitable venture. ROI runs at around $42 for every $1 spent and 79% state it’s...

---

### Meet HES LoanBox: Ready-to-Use Lending Platform

> Meet HES LoanBox - our new platform for lending process automation. Enter the market within 2-4 weeks with a ready-to-use lending software.

- Published: 2022-03-22
- Modified: 2025-06-17
- URL: https://hesfintech.com/blog/hes-loanbox-lending-platform/
- Categories: FinTech, News

We know that exploring and comparing lending software may be overwhelming. Lenders search for better ways to launch new loan products, enable digital loan origination and automated loan management.   In HES LoanBox we gathered 10-year experience in loan automation and implemented the most common functionality requirements received from lenders. In 2-4 weeks you get a fully-functional digital lending solution up and running. Check out more details below. What Is LoanBox? Top 6 Fintech Trends in 2022: What You Need to Know The platform is a preconfigured set of financial software modules for automated loan origination and loan management. With the out-of-the-box solution, most of your business processes are seamlessly automated from the first day of use.   The product consists of three digital lending components:  Digital onboarding page - a personally branded customer acquisition channel Borrower portal - online space with a personal account for digital interaction with your financial institution Back office - highly functional and secure space for loan management: from application to repayment. Digital Onboarding: What's Special LoanBox makes digital onboarding experience easy and straightforward due to the clean and neat UI/UX. The page comes as a white-label component: it means your financial company selects custom brand colors and a logo. Intuitive navigation, real-time loan calculator, and valuable FAQ section on the main page help convert visitors to applicants easier and faster. Users can set necessary amounts and see the interest rate, as well as the terms and basic loan details before they apply. All the...

---

### Bank-Fintech Partnerships: Models, Details, and Success Factors

> Will Bank-Fintech Partnerships thrive? Here's more details on the future of bank-fintech collaborations and possible options for both.

- Published: 2022-03-10
- Modified: 2025-06-17
- URL: https://hesfintech.com/blog/bank-fintech-partnership/
- Categories: Banking, FinTech

Since the 2010s financial technology and services lived through a turbulent revolution. Today fintechs are launched daily taking away their piece of cake from incumbent banks in such areas as lending, payments, personal finance management, and investment banking. The competitive landscape is still forming itself, and the regulatory framework is one of the key challenges for startups trying to get to market.   Some fintechs are looking for partnerships with reputable and insured depository institutions, like banks or credit unions, as an opportunity to build mutually beneficial cooperation, expand the geographical presence, and mitigate the compliance burden. For fintechs, partnering with banks or BaaS solutions is a promising near-term direction of development and growth. Banks, in turn, are also considering fintech to bring technology closer and the possibility of providing new products. Throughout 2021, there has been a gradual yet consistent trend of banks acquiring fintech companies. In fact, out of the 484 total fintech merger and acquisition deals that occurred during the year, banks were the acquirers in eight of them, which is consistent with their activity in previous years. According to the 2020 Conference of State Bank Supervisors Survey of Community Banks, over 63% of participants emphasized the significance of incorporating new or emerging technologies to fulfill customer requirements. Benefits and Tradeoffs for Fintechs The Ultimate Marketing Ideas for Loan Companies to Generate Leads The advantage of partnering with a bank is an exemption from regulatory and licensing requirements, such as money transmission, state usury, etc. The financial...

---

### Key Learnings for Financial Brands to Use in 2022

> The previous decade provided the fintech industry with a number of lessons. Here're the top key learnings that financial brands can use in 2022.

- Published: 2022-03-02
- Modified: 2025-04-03
- URL: https://hesfintech.com/blog/key-learnings-for-financial-brands/
- Categories: FinTech, Ideas, Trends

The most turbulent times of the previous decade provided the fintech industry with a number of lessons. These lessons can help businesses adopt new best practices and make most of remote working, decentralization, and digitization trends.   In the full Forbes article, Dmitry Dolgorukov explains why brand and reputation management becomes more important than ever: 73% of Gen Zers and 68% of millennials are willing to spend more on sustainable services. Just as well they require more transparency: about a quarter of respondents stated they would share their data with their bank, while almost a third said their trust levels were decreasing. Future of Finance: What Fintech Evolvers Can Teach Us Other key learnings to consider are the democratization of AI and ML technologies and their steadily increasing use in the banking industry. The developments are not solely on-paper - the point of view is supported by the McKinsey survey of 2,400 industry professionals. According to the paper, half of the respondents already adopted artificial intelligence for risk management, POS lending, personalized services, and more. One more lesson to learn is embedded finance: a lot of businesses are becoming fintechs by integrating lending and other financial technologies into web and mobile applications. In 2020, open banking tech gained over 24 million users, and the number is growing, thus the future is becoming more connected than ever before.   You can get more facts and details about the most notable learnings of the recent years that financial brands can use in...

---

### How SME Lenders Can Tackle ‘Invisible Borrowers’ with Alternative Data

> Tackling the issue of invisible borrowers is key to building a more inclusive financial future. Here’s what you can do about it without risks.

- Published: 2022-02-15
- Modified: 2025-04-04
- URL: https://hesfintech.com/blog/alternative-data-in-sme-lending/
- Categories: FinTech, Ideas

Every business must start somewhere. However, it’s often the case that new businesses, especially if it’s the founders’ first business, struggle to gain access to the credit they need to expand and even survive. Statistics show that access to financing is a significant restrictor when it comes to SME (small to medium enterprises) survival, but why is this and are there any solutions to this pressing problem?   Read alsoThe Empowered Borrower — Good for Business? What You Need to Know About BI for Your Customer Service Strategy Today Why Do SMEs Struggle to Access Credit? According to the Consumer Financial Protection Bureau (CFPB), at least 45 million adults worldwide are ‘credit invisible. ’ If we add this to the unbanked, those who certainly don’t have access to financial services, this could be as large as 1. 7 billion. But why do these numbers matter? Small and Medium-sized Enterprises (SME) SMEs account for 90% of businesses worldwide and 50% of employment. For growing markets, their role is even more crucial as they provide 70% of all jobs. Unfortunately, the reality for many such businesses is they lack the financial tools they need for further growth. This either occurs as an inability to access any kind of access to credit, or only having access to unreasonable credit services (aka predatory lenders). In essence, they become ‘invisible borrowers. ’ Initially, you may be led to believe that these SMEs are irresponsible or made poor financial decisions to justify their situation. However, this...

---

### Financial Super-Apps: Do You Need to Build Your Own?

> Financial super-apps: what is it and how to build your own application for business. Here's a guide by HES FinTech on creating a super app.

- Published: 2022-02-10
- Modified: 2025-04-03
- URL: https://hesfintech.com/blog/financial-super-apps/
- Categories: FinTech

About 30% of SMEs have changed their financial service provider in 2021 according to a survey by American Express. What is the top reason? Their new financial institution offered several solutions ‘under one roof’.   Single-use financial applications have been growing exponentially in recent years, however, a brand-new type of app comes to the Western world from Southeast Asia to gain momentum and build up the market share. Super apps in finance may become a grand disruptor in the digital financial services industry. Should lenders be worried? Do super apps impose danger or can be a great opportunity for digital lending businesses and the financial industry as a whole?   The term ‘super app’ is about a decade old: it was first introduced in 2010. Today super app is a robust platform hosting a suite of solutions aimed at combining financial and non-financial services or various types of financial services in a single digital product. Their success recipe contains the following ingredients: a large initial user base, step-by-step diversification, and expanding offerings in multiple app sections.   The success of super-apps in Asia can be attributed to a very short stage of web dominance and a rapid switch to mobile-first (or even mobile-only) data consumption. However, while the use of mobile devices in Europe, North America, and the rest of the world keeps growing, and more searches, purchases, chatting, and transactions are carried out with a mobile device, the trend started expanding its geo.   Read alsoFive Businesses That Will...

---

### Upgrading Consumer Collection Management System to Reduce Income Loss

> Unpaid invoices and defaulted debt cost the economy big time. Here’s how consumer collection management software can help.

- Published: 2022-02-03
- Modified: 2024-11-22
- URL: https://hesfintech.com/blog/collection-management-system/
- Categories: FinTech, Ideas

Unpaid bills and debt can add up. According to research, on average, small businesses in the US accrue over $85,000 in unpaid invoices. Of these, over 81% are 30 days or more past due and this can have a significant effect on employee pay and overall sustainability. Some of the most-affected industries are unsurprisingly information technology, wholesale trade, construction, and logistics. However, this effect isn’t limited to business. Financial industry players, such as banks and fintech firms, suffer too. Non-performing loan write-offs are a growing issue and can create long-reaching issues, such as increased rates and inflation. But how to tackle this issue? While there are no 100% iron-clad guarantees against unpaid loans, adding or upgrading your consumer debt collection management system can limit the damage and ensure you take the correct steps to debt recovery. Here’s how. Read alsoThe Value of QA Testing in Fintech Industry Industry Needs for Debt Management and Collections System Default on credit and unpaid bills happen across all industries. While it’s never an ideal situation for a business, there are some steps you or, if you’re lucky enough to have one, the Accounts Receivable department (AR) can take. But before we look at the solutions. Let’s take a quick glance at how defaulting affects different business areas. Small and medium sized enterprises—unpaid invoices can add up for SMEs. Often operating on small margins and with less resources for debt recovery small and medium enterprises and suffer acutely from unpaid invoices. This affects sustainability and...

---

### Future of Finance: What Fintech Evolvers Can Teach Us

> What's the future of finance? Dmitry Dolgorukov thinks about simplicity, smart data analytics, personalized services, and automation. Here's more.

- Published: 2022-02-01
- Modified: 2023-01-01
- URL: https://hesfintech.com/blog/future-of-finance/
- Categories: FinTech, Trends

58% of senior banking executives around the world think they will lose their market share if they fail in their digital transformation. As you can see, the thing is no more about changing the positioning or moving to a different customer segment, it’s about doubts about basic existence.   If previously the key goal of evolvers was to beat competitors and win a larger market share, today all banks and financial institutions need to become evolvers to survive.   So what can finserv companies do to remain competitive and move ahead? In his new Forbes article, Dmitry Dolgorukov analyzes the most outstanding industry evolvers’ strategies and best practices.   From planning to increase their fintech partnerships to must-have legacy system updates and bold business decisions. He is trying to find what evolvers have that others don’t: Simplicity The right balance between a clear focus and diversification Smart data analytics Personalized service  Automation where necessary. Read the full article on Forbes:  FUTURE OF FINANCE: WHAT FINTECH EVOLVERS CAN TEACH US If you are interested in fintech industry news and digital banking insights, subscribe to Dmitry’s LinkedIn updates and check out new HES blog articles.

---

### Digital Lending in Banks 2.0: Unobvious Opportunities and Stumbling Blocks

> As fintechs continue to advance, will traditional providers be able to keep up. If so, how? Let’s take a look at some of the challenges and solutions.

- Published: 2022-01-27
- Modified: 2024-11-22
- URL: https://hesfintech.com/blog/digital-lending-in-banks/
- Categories: Banking, FinTech

As emerging fintechs continue to expand in the market, more than doubling in the last 3 years alone, traditional brick-and-mortar banks are forced to evolve faster than anticipated. This drive toward innovation was further accelerated when the coronavirus pandemic hit in early 2020. Consumers expected more services to be digital and for the first time in history, digital transformation shifted from a nice-to-have to an absolute must.   At first glance, it may seem that fintech, those technology-focused financial businesses have the advantage. After all, their strategies are almost exclusively constructed around client satisfaction and digital experiences. However, backed by centuries of history and experience, traditional banks aren’t out of the game just yet.   For those traditional financial providers, now is the time to prioritize digitalization across all areas of business, especially in lending.   Read alsoAlternative Finance vs Banking: Industries Non-Traditional Lenders Turn Mainstream In Why Is Digital Lending so Important? The obvious benefits of digital lending during the pandemic are clear—social distancing, access to vital financial services, and a credit lifeline in times of crisis. But now, as we are starting to emerge on the other side, why is it essential traditional lenders don’t take their foot off the gas when it comes to digital lending development? Here are five quick reasons: Automated documentation forms save staff time. By creating a digital platform to gather all relevant loan data, you save your team’s valuable time and energy to focus on more pressing tasks. Clients also can fill...

---

### Lending Platforms in Automobile Finance Industry: Auto Lending Trends 2022

> Learn more about the development of lending platforms in the automotive industry. Here're auto finance industry trends 2022.

- Published: 2022-01-20
- Modified: 2025-04-04
- URL: https://hesfintech.com/blog/autofinance/
- Categories: FinTech, Industries, Trends

General Motors Corporation officially originated the first-ever car loan in 1919. Since then, leasing has become an essential part of the automotive finance industry in regions like North America, Western Europe, and Japan. By the beginning of the 21st century, markets in China and Eastern Europe adopted automotive finance as part of their financial strategy as well. A great shift in consumer preferences is currently changing the auto market affecting auto lending as well. Banks and lenders face a challenge - either to stay ahead of trends to remain competitive or be left in the basket. The motor finance industry is moving away from in-person car buying towards ultimate digitalization and ‘green lending’. So, how to stay in the auto lending game? To help our auto financing clients navigate this changing landscape, we have researched the market to observe the expected state of auto finance in the upcoming years. The article consolidates our findings on potential growth opportunities, factors fueling the occurring changes, and current trends in the global auto loan market. Read alsoDigital Lending in Europe: Trends, Insights, and Predictions of 2021-2025The Pros and Cons of Starting a Peer-to-Peer Lending Business Factors Driving the Growth of Auto Loan Industry The Automotive Financing Market was valued at $245. 62 billion in 2021 and as Mordor Intelligence states is expected to reach $300 billion by 2026, registering a CAGR of 6% during the forecast period (2021 - 2026). The rise in CARG demonstrates the market’s demand and growth, so we can...

---

### Pros and Cons of Embedded Lending

> Join us as we dive into the ins and outs of embedded lending for businesses and discover what you need to know. Here's more.

- Published: 2022-01-13
- Modified: 2024-01-29
- URL: https://hesfintech.com/blog/pros-and-cons-of-embedded-lending/
- Categories: FinTech

Almost every company can become a fintech company in the next ten years. A bold claim that may leave you wondering how this could be possible and why businesses outside the financial sphere would consider onboard fintech tools? The answer—embedded lending. Embedded finance is accelerating. According to a 2022 study by Bain & Company, financial services integrated into e-commerce and other software platforms represented nearly 5% of all US financial transactions in 2021, amounting to $2. 6 trillion. The same research indicates that this figure will grow significantly, exceeding $7 trillion by 2026. More and more businesses are digital onboarding lending tools, from Point-of-Service software to Buy Now, Pay Later (BNPL) services to customize fintech lending solutions. These strategies help to deliver a one-stop-shop service for consumers to get credit at the point of purchase leading to increased satisfaction among other factors.   But is it all as straightforward as it seems? Like all technology, there are some nuances you will need to consider. So, let’s take a look at the pros and cons of embedded lending. Types of Embedded Finance Above we looked at some of the most well-known names in embedded finance, but what types are there and, more importantly, which is right for your business?   Point-of-Service (POS) lending—used for larger purchases. POS lending allows customers to access a wider line of credit. Note. Usually, this also involves checking creditworthiness. BNPL—short-term buy now pay later management software allows consumers to get products now and pay for them...

---

### Open Banking Can Change Lending Forever: Here’s How

> Open Banking helps securely provide financial data to third parties via API. Here's how HES FinTech can embrace this technology in full.

- Published: 2022-01-06
- Modified: 2025-04-03
- URL: https://hesfintech.com/blog/open-banking-and-lending/
- Categories: Banking, FinTech, Trends

Open Banking is a technology that helps to securely provide financial data to third parties via API. Customers agree to make their financial data available to multiple financial service providers, while banks and financial institutions offer additional tailored services. Open Banking becomes possible due to banks building APIs that follow PSD2 standards and third-party providers asking customers for their consent to connect. To put it simply, Open Banking enables financial market players expand their range of services and product offerings. Customers remain in control of their data use and can disconnect at any time. According to market research in 2021, 26% of lenders are using open banking technology, but a recent report by Credit Kudos says the adoption will dramatically increase in 2022-2023 and backs up this suggestion with facts. 44% of lenders who previously had no experience with open banking say they are planning to implement it in the future. It means that 70% of lenders will use Open Banking in the next 2 years. Perhaps, the growing enthusiasm for Open Banking can be explained by the pandemic, which changed the operational mode from offline to fully online and then to hybrid and increased the value of extra user data.   Also, around 4 out of 6 lenders changed the approval criteria during the period of huge uncertainly, which increased their missed revenue. However, technology adoption helped to control risks, but this technology (like AI-based credit scoring) led to increased need for new data sources.   The same research...

---

### Future of Lending in 2022: Trends & Predictions

> Lending is changing worldwide. Let’s take a look at some of the trends set to influence the sphere and what this could mean for you in 2022.

- Published: 2022-01-04
- Modified: 2024-10-17
- URL: https://hesfintech.com/blog/future-of-lending/
- Categories: FinTech, Trends

2021 is drawing to a close and it has been an unprecedented year in the world of finance. Many businesses found themselves still dealing with the effects of the Covid-19 pandemic, often with much less governmental support than in 2020, meaning stress for both companies and their employees. At the same time, digital transformation continued to accelerate with priority being placed on solutions that future-proof the business through innovation and the ability to act quickly to adapt to a rapidly changing landscape. Let’s take a brief relook at the last year and explore where finance is heading in 2022 and beyond.   Read alsoAlternative Finance vs Banking: Industries Non-Traditional Lenders Turn Mainstream InTop 6 Fintech Trends in 2022: What You Need to Know The Future by Region These past few months HES has been investigating the impact of the coronavirus crisis and its effects, looking at how countries have dealt with the crisis and what their future holds. As we move into Q1 of 2022, we are likely to see some of the trends of the past year continue and impact strategic planning for the coming year.   Asia Pacific The APAC region, encompassing the Asia Pacific, is confidently powering ahead into the future with fintech. Counting 2. 7 billion fintech app downloads since 2019, the region is heavily focused on a digital future and is showing no signs of slowing down in its dedication. While COVID-19 recovery measures have been better than expected, there is still a lot of...

---

### Alternative Finance vs Banking: Industries Non-Traditional Lenders Turn Mainstream In

> Alternative lending is a rapidly growing industry that autperforms traditional financial institutions. Here's the list of mainstream spheres for lenders.

- Published: 2021-12-28
- Modified: 2023-08-22
- URL: https://hesfintech.com/blog/mainstream-lending/
- Categories: Banking, FinTech

Alternative lending is a rapidly growing industry that outperforms traditional banks thanks to a data technology-driven approach and fintechs. As some banks are pulling back from funding SME businesses, digital lenders powered with cash advance software are stepping up to place in various domains, including real estate and shipping. In this article, we’re going to discuss mainstream lending or how alternative lenders outperform banks and figure out the top industries for digital financial organizations.   Read alsoBanking and Lending in the USA 2021-2025: Trends & PredictionsGenerations Online Banking: How to Adapt Lending for Boomers, Millennials & Gen Z How Alternative Lenders Outperform Banks  While banks follow traditional finance models and are powerful enough to make interest with fewer large corporate loans, alternative lenders take the advantage of technology to process more loans with profitable interest rates for both lenders and SME borrowers. Based on the survey by Oracle, over 40% of retail consumers (5,200 respondents) choose non traditional lenders for investment services rather than traditional banks. There’s a reasonable explanation: alternative lenders can quickly process documents, offer accelerated mainstream lending decisions, and approve loans faster. Alternative financing is an opportunity to get funding in a matter of a few days or even hours.   Fintechs such as HES design systems that are able to process big data technology and hard information as well as better analyze risks. They have higher approval ratings than banks thanks to the ability to assess more factors and parameters to build alternative scoring models and...

---

### The 2021 Year In Review

> We’d like to share key events, milestones, and insights that marked this year for HES FinTech

- Published: 2021-12-23
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-2021-year-in-review/
- Categories: Events, News

2021 comes to an end. It’s important to admit that this year wasn’t much easier, but the way all of us have overcome the new challenges and created space for growth is really exciting!   By the end of the year, we are happy to celebrate the success of our business clients: our long-term customers and those, who have chosen us as a technology vendor this year. The success stories you share push us to discover new tech opportunities and research new markets to be an even more valuable business partner for you.  Thank you very much. We’d like to share key events, milestones, and insights that marked this year for HES FinTech: HES named Best Loan Origination Software and Top Lending Management Solutions Company In 2021 GoodFirms included HES FinTech on the list of top 3 Loan Origination Software vendors, which is based on their independent research and customer reviews.   Also, the HES Lending Platform appeared among top LMS companies according to Banking CIO Outlook. Wa’ed selects HES FinTech as a Software vendor Wa’ed, the entrepreneurship arm of Saudi Aramco — one of the world’s largest companies by revenue, has signed a contract with HES to automate their company’s financial operations. HES FinTech is working on the loan granting automation system that will have Wa’ed fuel business growth and grant collateral-free loans. The project is going to be released in 2022. Partnership with Ondato HES FinTech and Ondato Partnership Ondato is a compliance management software provider that offers...

---

### How AI And ML Are Changing Finance In 2022

> The following four transformations are likely to happen in the financial industry in 2022 due to AI and ML: 1) data analytics becomes more than statistics.

- Published: 2021-12-21
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/how-ai-and-ml-are-changing-finance-in-2022/
- Categories: FinTech, Trends

Exactly a year ago, we interviews Dmitry Dologukov, HES FinTech Co-Founder, for a Finextra article about his predictions and expectations of how AI was going to transform banks and fintechs. He featured 5 key areas back then: Process control and optimization (PCO) Refined customer service AI in credit scoring and churn prediction Robo-advisors Enhanced security. Most of these predictions turned out to be true or partially true, such as a lot more personalized online customer service or the use of AI in credit scoring. It seems that not so much can happen in the industry within just one year, but Dmitry shared with Forbes Finance Council an updated vision on how AI and ML are going to change finance in the upcoming 2022.   In the article, he mentions that 2021 was surprisingly rich in rapid digital transformation caused that gained momentum despite fewer lockdowns worldwide. People got used to digital and more often require hybrid customer experience that is becoming the new normal. Trends are turning into industry standards, while AI and ML happen to be at the heart of this. By 2027, the industry is predicted to have a 17. 9% CAGR and $17,440 million net worth. The key question is: how will companies use AI/ML-powered tools to fuel their growth? Dmitry is persuaded that the following four transformations are going to happen in the financial industry in 2022 due to AI and ML: Data analytics becomes more than just statistics. Conversational AI can become hardly distinguishable from...

---

### The Empowered Borrower — Good for Business?

> The lending market is changing. Here’s how the newly empowered borrower is behaving and why this is GOOD for your lending business.

- Published: 2021-12-16
- Modified: 2023-02-28
- URL: https://hesfintech.com/blog/empowered-borrowers-in-lending-business/
- Categories: FinTech, Ideas

Think you know your borrowers? Think again. In recent years, we’ve been observing massive shifts in consumer borrower behavior, heralding in a new generation of lending consumers—the empowered borrower.   Tech-savvy, market-aware, and knowledgeable about their lending wants and needs, this upcoming generation expects more from their providers—and not just better rates. As the Fintech segment of the lending industry continues to grow—rising from 5% in 2013 to 38% in 2018, eclipsing banks (28% in 2018)—it’s clear that empowered borrowers are looking away from traditional providers for their services, but why? And what can lending companies learn that will help them retain and gain empowered borrowers in the future? Read alsoBNPL as a Part of Embedded Finance: What You Need to Do When Everybody Is a LenderThe Ultimate Marketing Ideas for Loan Companies to Generate Leads Who is the Empowered Borrower? Borrowing and lending have been a part of finance since the very beginning, while it may seem that the rules of lending have been well-established and are unamendable—the lending provider sets the rules and rates—this is all set to change, and soon. Empowered borrowers are keen market researchers who investigate their perspectives before making a decision about where to borrow and how much. According to research by PwC, Millennials and Gen Z (18–34-year-olds) are more likely than any previous generation to research loan types and review loan documents before signing, showing diligence to the process. Digital natives, this generation is adept at online research and as such expects lending...

---

### How AI Supports Inclusive Lending on the Way to Fairer Credits

> The way we process lending applications is changing. Discover how the lending process can be made fairer using the latest in AI technology.

- Published: 2021-12-14
- Modified: 2025-04-03
- URL: https://hesfintech.com/blog/how-ai-supports-inclusive-lending/
- Categories: FinTech

Inclusive lending, as a part of inclusive finance, is becoming more than a trend, but another ESG initiative and a quality way to differentiate from competitors. Studies demonstrate that a lot of people may face discrimination when applying for loans, such as higher interest or rejection rates. Recently Dmitry Dolgorukov, HES FinTech Co-Founder, touched upon this buzzing topic in his interview with Authority Magazine: Financial inclusion is among the top three most discussed topics at fintech conferences, webinars, and meetups. This is what all financial software vendors need to keep in mind when offering their solutions, something that can help build a competitive advantage and meet social-oriented tendencies in digital offerings. Later, he continued the discussion in his article, written exclusively for Banking Administration Institute (BAI). In the article, Dmitry gives strong arguments about the importance of inclusive lending for lenders, borrowers, and the entire financial industry in general. Also, he researches the potential of AI technology for promoting inclusivity at an acceptable financial risk level.   According to recent research, around 26 million people in the US are credit invisible due to the lack of credit history or limited access to financial services. Artificial intelligence has the potential to change it. AI tech seems extremely useful for reducing operating costs and automating business processes, as well as for minimizing human factors and improving the lending decision quality. Dmitry Dolgorukov, Co-founder and CRO of HES FinTech In the full article you will find: Challenges of AI usage in financial services Key...

---

### Digital Loan Origination Process: Integrity and Automation

> Learn more about the loan origination process and explore how automation helps make work more efficient. Here's more about automated loan origination process.

- Published: 2021-12-09
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/digital-loan-origination/
- Categories: FinTech

Borrowers opt for paperless loan origination and less time consuming application processing, so how to meet their needs? There’s no doubt that the rapid development of the fintech domain has severely undermined traditional lenders. An automated loan processing system is the greatest solution to survive and thrive. By 2023, it is estimated that the average transaction value per user in the Alternative Financing segment will be around US$179. 80k. It’s transforming traditional lending into intelligent digital servicing by automating and eliminating manual processes by above 90%.   Let’s explore the benefits of loan processing automation with loan origination software by HES FinTech. What market challenges force lenders to go digital? And what aspects to consider while choosing a software vendor? What is Loan Origination?   Loan origination covers the loan lifecycle from application to disbursement in the borrower’s bank account. However, if you ask lenders to come up with the definition of the term “loan origination”, every one of them will see it differently.   The process of loan origination (or borrower onboarding) includes several steps when taking an application to final approval or rejection. Besides, loan types vary, and so do approval processes for each type. Even though the steps in processing a loan may be different for each provider, many lenders would agree that data-driven loan origination systems (LOSs) are great tools for risk officers. Such loan management software reduces manual processes through automation and helps meet the variety of challenges facing the lending industry. Loan Origination and...

---

### Loan Management Software Features to Invest in at the MVP Stage

> How to develop an MVP for lending and what functionality to start from? Here're our thoughts about features to invest in at the MVP stage.

- Published: 2021-11-23
- Modified: 2024-11-22
- URL: https://hesfintech.com/blog/mvp-software-for-lending/
- Categories: FinTech, Ideas

Whether you’re launching a startup or expanding an existing business, you need to realize the vision of your future loan management system. Often, clients have an unclear assumption of what will and won’t work in the market. This disbelief might lead to the development of an unsuitable solution for an appropriate market or target audience resulting in a waste of resources. That’s why building an MVP software or minimal viable product for lending can prevent our clients from investing their money and time into possibly inefficient software.   So what is MVP in software people are talking about? What’re the purposes for creating it? And more importantly, what functionality to invest in at the MVP stage? In this article, we’re going to discuss the reason why MVP is a must product strategy and explore the features your vendor should develop first. What is MVP in Software? MVP is a prototype that includes the core features without any advanced tools. This prototype requires minimum resources but can be launched and already have sufficient competitive ability. When a lender needs to accelerate the launch of a software product in the market and get feedback from users, there’s no sense to spend months perfecting the new solution - a basic back-end functionality with a simple UX/UI interface is enough.   Minimum Viable Product - Yes, but How? How to Choose SME Lending Software and Stay on BudgetThe key advantages of the MVP methodology are the speed of going to the market (up to...

---

### Mortgage Lending Trends 2022: Rates, Technologies & Forecasts

> What mortgage lending trends to expect in 2022 and how to get ready for new challenges? Here're the top trends in the housing market.

- Published: 2021-11-18
- Modified: 2025-04-04
- URL: https://hesfintech.com/blog/mortgage-lending-trends/
- Categories: FinTech, Trends

Mortgage lending has been booming in the second half of 2021, and even with the pandemic, it seems to continue prospering throughout 2022. The housing market trends on rising mortgage rates, home prices, and competition between buyers might be of current interest for much longer. But even if there’re hardly any signs of slowing the demand for existing homes soon, lenders aren’t dealing with the situation at ease. High competition, growing customer flow, and first-time home buyers’ issues - to handle all of these financial institutions have to adjust by going fully digital. Having a solution to help our clients, we decided to investigate the mortgage lending industry trends and forecasts for the year. We’re going to guide you through the technologies and tools which will help you follow housing market trends.   Here are mortgage loan trends and solutions to watch for in the year 2022. Mortgage Industry Trends 2022 in the Anglosphere If there’s one thing that the global mortgage lending market has learned over the past years of Covid-19, it’s that trends in the industry are increasingly difficult to predict. However, the major economic and financial agencies already have a list of mortgage lending trends and rates for 2022 to help businesses get ready for the coming challenges.   The United States It’s hardly possible to accurately predict the mortgage rates for 2022 since the situation on the market remains unstable and is changing at a rapid pace. But the majority of sources share remarkably uniform forecasts...

---

### The Great Tech Revolution: Trends That Are Changing Finance As We Know It

> By 2022, the fintech market value will exceed $300 billion. Which trends and technologies are going to have the greatest impact on the financial industry?

- Published: 2021-11-16
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/the-great-tech-revolution-trends-that-are-changing-finance-as-we-know-it/
- Categories: FinTech, Trends

Let’s take a broader look at the financial services industry. By 2022, the fintech market value will exceed $300 billion. It means that we can witness twofold growth since 2018 when the market value was $127. 66 billion. So, which trends and technologies are going to have the greatest impact on the financial industry in 2022?   Dmitry Dolgorukov, HES FinTech leader, answers this question and shares his trends overview in the new article for Forbes Finance Council. The article is full of striking facts about changing consumer behavior and business adaptation to that. For example: Did you know that according to Visa research 1 out of 3 businesses accepts less or no cash at all? Is your business ready for the fact that the number of cell phones grew from 3. 6 billion to over 6. 37 billion in just five years? (Statista)  Have you read before that more than 52% of online purchases in 2021 were made with a digital wallet? (Worldpay from FIS) In this text, you will find more information about contactless payments, digital society, and automation trends.   Get to know more about the direction of cloud technology development, the new popular functions of AI and ML, module-based tailored financial software, and the role of blockchain in P2P lending. Also, you can obtain a few ideas on how to invest in the latest technologies to make this investment successful.   Read the full article on Forbes:  THE GREAT TECH REVOLUTION: TRENDS THAT ARE CHANGING FINANCE...

---

### What You Need to Know About BI for Your Customer Service Strategy Today

> BI integrations have found their usage in many spheres, but in the ultra-competitive world of lending, they could be the key to success. Here’s why.

- Published: 2021-11-11
- Modified: 2023-09-07
- URL: https://hesfintech.com/blog/bi-integrations-in-lending/
- Categories: FinTech, Ideas

They say, “data is king. ” And it’s true. Fail to analyze your data, and your business could end up paying the price. In fact, poor data analysis is said to cost organizations in the region of $12. 9 million per year. However, we at HES argue that it’s not just having the data that counts, it’s in knowing how to transform it into actionable insights that really matters. And that’s where Business Intelligence comes in.   While business analysis and intelligence have been around for a while, it’s only in the last few years that we’re seeing it come to its full potential. Smart BI solutions are delivering companies the power to automate, and improve BI processes making them more efficient, insightful, and faster—and 97. 3% of executives agree. But how do these tools work exactly? Let’s start by taking a look at what business intelligence is and BI in lending can do for your business. What Is Business Intelligence? Business intelligence (BI), as we know it today, is a smart solution that uses software and services, such as cloud solutions, to transform data and turn it into business insights. But what does that mean exactly?   Business intelligence solutions can be in the form of:  Charts Maps Graphs Dashboards Reports And more BI integrations in finance, among other industries, are designed to present data in an easy-to-understand format that highlights market gaps, areas for improvement in customer satisfaction, potential markets that could prove fruitful for the company, and...

---

### Why Cloud Lending is Leading the Way in Digital Transformation

> Cloud lending helps financial providers optimize the services they offer and lower the costs. Here’s why you need a cloud lending plan in place now.

- Published: 2021-11-04
- Modified: 2023-08-22
- URL: https://hesfintech.com/blog/cloud-lending-in-digital-transformation/
- Categories: FAQ, FinTech

Chances are that you’ve heard the benefits of cloud technology—it allows remote access, data storage costs follow a flexible subscription model, and it delivers almost endless expansion and capabilities for businesses. Despite all these benefits, it’s only in recent years that financial companies have taken notice of the rapidly expanding industry. And this should come as a surprise. After all, according to estimates, the cloud industry could be worth as much as $1251. 09 billion (approx. 1 trillion USD) in the next 7 years—a 19. 1% CAGR. To put this in perspective, that’s the entire GDP of a country such as Spain or Australia, or Elon Musk’s estimated soon-to-be net worth. But just why is cloud banking, and by extension cloud lending, so essential in digital transformation for the financial industry? Let’s take a look at some of the key benefits. Read alsoFive Digital Transformation Hurdles In Financial Services And How To Avoid ThemTop 6 Fintech Trends in 2022: What You Need to Know Why Your Digital Strategy Needs Cloud Lending Solutions The general benefits of cloud computing for businesses are transparent. They improve efficiency, allow remote working, and promote greater collaboration. However, in the financial technology industry, they could also prove to be one of the greatest shifts that we have seen for a long time. Let’s break it down and explore the three main areas of gain for businesses seeking to onboard cloud banking solutions. Adds efficiency at almost every level When it comes to lending procedures speed...

---

### How to Avoid Fraud in Digital Lending

> The banking and lending industry is more likely to face a cyber-attack than other sectors. Here is how to combat fraud in digital lending and finance.

- Published: 2021-10-28
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/how-to-avoid-fraud-in-digital-lending/
- Categories: FAQ, FinTech, Ideas

The negative impact of fraud can hardly be underestimated. The Association of Certified Fraud Examiners (CFE) shares that businesses worldwide may lose around $4 trillion yearly because of fraudulent activities. SMEs with up to 100 employees tend to be most vulnerable as they lack anti-fraud technologies and established policies.   The pandemic increased the risk of fraud: anonymized event statistics by Kaspersky Fraud Prevention revealed that from January to December 2020, the percentage of account takeover frauds grew from 34% in 2019 to 54% in 2020. In addition, the fraudsters’ behavior has also changed.   Financial Service Consumers are at Risk As for the financial institutions, the older generation used to be the main target for fraudulent activities in the financial industry before the pandemic, while fraud among younger generations has grown 4x in 2020-2021. No doubt, fraud will be moving forward as the trend of using digital experiences across the entire demographics is expanding.   Experts see the increase of frauds targeting consumers and companies directly. Google noticed a skyrocketing number of phishing sites imitating legitimate sites of banks and financial institutions. Banks, credit unions, and alternative lenders work hard to protect their customers from fraud and pay attention to customer education about their financial safety. But what about the risks for the financial institutions, namely? Read alsoBanking Cyber Security: How to Provide Safe Online LoansThe Value of QA Testing in Fintech Industry Fraud-related Risks in Digital Banking & Digital Lending  The banking and lending industry is 300 times...

---

### Top 6 Fintech Trends in 2022: What You Need to Know

> What fintech trends to follow in 2022? HES sees the growing demang for sustainable services and digital transformation. Here's more about fintech trends.

- Published: 2021-10-21
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/fintech-trends/
- Categories: FinTech, Trends

2021 has been a year unlike any other: accelerated development of markets that were hit by Covid-19 drastically changed how business is done. As a result, the financial technology sphere has evolved too. So, what are the fintech trends 2022 to watch in this unsteady climate? In this article of trends column, we’re discussing the fintech opportunities for 2022, the most trending financial technologies and approaches that are taking over the market, and think what are the next fintech ideas. Hint: ultimate digitalization and market sustainability.   Main Factors to Shape the Fintech Trends of 2022 Sustainability or the aim to "meet the needs of the present without compromising the ability of future generations to meet their own needs " has become a key priority for organizations across virtually all industries. According to Nielsen, about 60% of users are willing to pay extra for services if they come from sustainable companies. The mentioned figure reaches out to 73% among millennials. However, the movement is just at the start. The growing Generation Z hailed as the generation of sustainability is eager to spend 10% more on services and products provided by sustainable companies. The global pandemic really contributed to the growth of sustainable services and financial industry trends. Lots of organizations worldwide recognized the need for greater resilience to crisis and phase-out of outdated systems. You might be wondering, what does this have to do with fintech?   The emergence of fintech has meant a renovation for financial organizations in terms...

---

### Five Digital Transformation Hurdles In Financial Services And How To Avoid Them

> How to increase the chance of getting an impressive ROI from digital transformation in finance? What are the typical hurdles to be ready for?

- Published: 2021-10-19
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/five-digital-transformation-hurdles-in-financial-services-and-how-to-avoid-them/
- Categories: FinTech, Ideas

Digital transformation is not as straightforward and clear as it may seem: studies demonstrate that alerting 73% of digital transformations fail to produce sustained ROI.   At the same time, the pandemic motivated more companies to invest in technology updates and automation for remote interaction with their customers. In five years between 2020 and 2025, the value of digital is likely to grow more than twofold: from $470 billion to $1+ trillion. How to increase the chance of getting an impressive ROI from digital transformation in finance?  What are the typical hurdles to be ready for? Dmitry Dolgorukov, HES FinTech’s CRO and Co-Founder, shares tips on overcoming the five most typical challenges the financial institutions face during the tech revolution: Not having clear goals Not integrating the digital transformation into the overall finance business digital transformation strategy Managing expectations Difficulties getting the team on board Lack of tech know-how. In addition, Dmitry suggests taking three vital steps for digital transformation success.   Check them out in the article on Forbes:  FIVE DIGITAL TRANSFORMATION HURDLES IN FINANCIAL SERVICES AND HOW TO AVOID THEM Be the first to read about the financial industry market statistics and trends: follow Dmitry on LinkedIn and subscribe to our blog updates.

---

### What’s Next for Fintech in the Asia Pacific?

> Post-pandemic, Asia Pacific is rapidly advancing in fintech. Here’s some of the critical data you need to know about 2021 and the future.

- Published: 2021-10-14
- Modified: 2022-12-29
- URL: https://hesfintech.com/blog/fintech-in-asia-pacific/
- Categories: FinTech, Trends

Boasting one of the highest fintech adoption rates in the world today, Asia Pacific (APAC) is a rapidly advancing power in financial technology. Since 2019, users in the region have installed finance apps over 2. 7 billion times, and with 160 million unique users total, an uptick on previous years, making this is one of the most formidable markets for fintech globally to watch out for.   That said, the market did not remain untouched by the coronavirus pandemic. In fact, quite the opposite. While the region’s nations’ responses have been varied, what is clear is that the economic landscape, in general, has changed, perhaps forever. So, what does that mean for businesses and investors looking in the APAC region in 2021 and beyond? Let’s take a look. Read also8 Big Takeaways from the Global Alternative Benchmarking ReportFuture of Fintech in the Middle East: Trends, Insights & Predictions Asia Pacific Fintech Landscape Today Lockdowns and restrictions, in response to the COVID-19 pandemic, have left their mark on the APAC landscape as we see it today. Recovery, in general, has been deemed “uneven” by the World Bank, with some parts of the region, namely China and Vietnam who have predicted growth of 8. 1% and 6. 6%, respectively, recovering more rapidly. In contrast, others, such as Myanmar, are set for a tough 2021 downturn and will experience challenges in 2022 and beyond. Better than expected recovery but still some way to go As we noted, some parts of the Asia Pacific...

---

### Future of Fintech in the Middle East: Trends, Insights & Predictions

> Getting to grips with the state of lending in the Middle East provides essential indicators to the financial future of the region. Find out more here.

- Published: 2021-10-07
- Modified: 2023-02-28
- URL: https://hesfintech.com/blog/fintech-future-in-the-middle-east/
- Categories: FinTech, Trends

While perhaps lesser-known than its competitor regions, such as the US or Europe, the Middle Eastern market is gaining traction as it emerges from the effects of the global pandemic, and could be set to dominate the financial market in the years to come.   According to analytics by EY, 71% of executives in the Middle East and North African (MENA) region believe that business will be back to pre-pandemic revenues as early as 2022. At the same time, digital investment in the region is increasing with 76% of executives planning to invest in digital services for their businesses. But what effect will this have on the market and what should businesses and investors pay attention to in the years to come? Let’s take a look. Read alsoTop 6 Fintech Trends in 2022: What You Need to KnowWhat’s Next for Fintech in the Asia Pacific? Middle Eastern Landscape as It Stands Today Like most of the world, the Middle East proved no exception in the global experience that is the coronavirus pandemic. Alongside sociological changes, such as lockdowns and distancing, digital services in the region bloomed with businesses and financial providers rapidly onboarding new technology to fit the new norm. Now, as we move forward, what are the key markers for the region that we should take note of?   Interest in fintech investment is growing In the past, financial technology in the Middle East has been something of a slow starter. Making up only ~1% of global fintech investments globally, the Middle...

---

### Next-Gen Core Banking and Digital Lending: How Banks Update Their Software

> Next-Gen Core banking is all about transforming banks and putting them on an accelerated track of digital technology. Here's more about complete automation.

- Published: 2021-09-30
- Modified: 2025-06-17
- URL: https://hesfintech.com/blog/next-gen-core-banking-and-digital-lending/
- Categories: Banking, FinTech

Changes in the banking software in the 2010s come at a rocket speed. New market players reinvent financial services and automate processes. A vast majority of banks would prefer to pause this tech revolution for a while to take their time, look around, evaluate their priorities and build their own digital strategy.   Although for many banks technology advancements are not much of a threat.   Fintechs are not likely to replace banking services in their integrity and one-stop-shop concept. However, next-generation banking is time-sensitive: the earlier you begin, the faster you can grow. In case, a good strategy for such a start is ready, of course. Incumbent banks, startups, and spinoffs need to take a fresh and balanced approach to their core banking and lending system challenges. Full Core Banking Replacement vs Progressive Migration vs Greenfield Banking The complete replacement option can be a result of an urgent need or some regulatory imperatives, but according to the McKinsey research, this option is risky. It takes extensive data migration, both automatic and manual, while the benefits from such a migration become noticeable only after the process is over, and the legacy system is ‘retired’. Also, banks tend to choose safer more traditional options demonstrating a certain level of mistrust to new-generation banking tech. The progressive modernization takes less time and involves retaining the legacy platform and slowly minimizing its use. In this scenario, banks create updated new-gen architecture around the existing software. It looks safer in case this architecture meets...

---

### What You Need to Know About Lending & Banking in Canada Today

> Knowing the current state of the banking and lending sector in Canada gives us essential indicators of what to expect next. Here’s what you need to know.

- Published: 2021-09-28
- Modified: 2024-10-17
- URL: https://hesfintech.com/blog/banking-and-lending-in-canada/
- Categories: FinTech, Trends

The global pandemic set in motion an acceleration of digitization across many industries, from e-commerce to services to finance and more, fundamentally changing how the world does business. As we move into the fourth quarter of 2021, it’s clear that many of these advances are here to stay, which leaves many asking how precisely has this affected the economy as a whole, and, more specifically, the banking and lending sector? Today, we’ll take a look at some of the latest market trends for banking and finance, and what these could mean for the future of the sector in Canada.   The Canadian Economic Landscape Today As we said at the beginning, digitization, and its capabilities to deliver no matter what, the location has been growing for some time, causing a worldwide shift in how things are done. Increasingly, financial service providers have been seeking to onboard fintech to support their operations whether as standalone features, such as a fintech app, or an integrated solution, such as a credit checker for insurance, automated lending software, or point-of-service software.   When the coronavirus crisis began, the shift to digital came full circle, and such service became a lifeline to ensure safety while continuing life in the new normal. Digitization had deep-reaching effects that drove traditional providers to upgrade their services and downgrade their physical offices while new providers were entering the market. Here are some of the most important changes defining the industry in Canada today Debt increases Since 2007, debt in...

---

### Banking and Lending in the USA 2021-2025: Trends & Predictions

> Knowing how the market is moving can help you plan for your business. Here are the latest banking and borrowing trends in the US today.

- Published: 2021-09-23
- Modified: 2022-12-29
- URL: https://hesfintech.com/blog/banking-and-lending-in-the-usa/
- Categories: FinTech, Trends

Over the past year, since the beginning of the global pandemic, we have observed fascinating shifts in consumer banking, borrowing, and spending patterns. Debt is increasing, but so too are deposits, and it’s all too clear that US consumers are seeking alternative ways of finance, stepping away from the traditional lending arena. But what do these trends indicate, and what could they mean for the future of the financial market and loan offerings? Let’s take a closer look. Read alsoTop 6 Fintech Trends in 2022: What You Need to Know Digital Lending in Europe: Trends, Insights, and Predictions of 2021-2025 How the US Banking and Lending Landscape Looks Today Digital transformation in the financial services sector has created the never-before-seen potential for consumers to access services not only where they want and how they want, but also with whom.   In addition to traditional providers, brick-and-mortar banks that are advancing their digital infrastructure, new providers, such as the so-called alternative lenders, are entering the market and gaining ground. However, that does not mean traditional facilities have lost the battle and should give way to newer providers. Here’s how the US lending and spending landscape looks today. Debt increases Since the beginning of the coronavirus crisis, we have seen massive increases in debt, not just in the US but around the globe—almost surpassing that of the post-World War II era. From July 2020 to July 2021 alone, debt in the US has climbed from $26. 5 billion to over $28 billion. Both individuals...

---

### What Hybrid Banking And Hybrid Customers Mean For Your Business in 2020ies

> You will find an outline of a hybrid banking and lending and get some valuable insights about the expectations of the hybrid customer.

- Published: 2021-09-21
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hybrid-banking-and-hybrid-customers-in-2020ies/
- Categories: Banking, FinTech

Hybrid banking is a relatively new concept that appeared as a more balanced solution to digital-only experience in banking and financial services.   The trend appeared as the post-pandemic amalgamation of high-quality digital services with traditional brick-and-mortar banking aimed at building a customer-centric financial ecosystem.   The main goal is to allow customers access to financial services no matter which communication method they use.   In this article for Forbes, Dmitry Dolgorukov, HES FinTech CRO and Co-Founder, provides statistics backing up the idea that a majority of banking customers are hybrid.   For example, 91% of Plum fintech customers link their brick-and-mortar bank to the app. At the same time, the impressive 24% of Europeans don’t trust fully digital neobanks, while only 6% express their doubts about brick-and-mortar banks.   You will find an outline of a hybrid model in banking and lending and get some valuable insights about the expectations of the hybrid customer. Also, you can read about: How banks and fintechs can respond to the market demand How to implement the hybrid model What steps you can take to meet the needs of hybrid customers And which lessons your business can learn from it in our new article for Forbes Finance Council: WHAT HYBRID BANKING AND HYBRID CUSTOMERS MEAN FOR YOUR BUSINESS IN 2020ies Stay tuned: follow HES Co-Founder Dmitry Dolgorukov on LinkedIn and subscribe to our blog updates to be aware of the banking and fintech trends.

---

### Digital Lending in Europe: Trends, Insights, and Predictions of 2021-2025

> What are the Digital Lending strengths, weaknesses, and opportunities in Europe? Here're the digital lending trends in Europe for the upcoming years.

- Published: 2021-09-15
- Modified: 2025-06-17
- URL: https://hesfintech.com/blog/digital-lending-trends-in-europe/
- Categories: FinTech, Trends

This article is aimed at discovering the Digital Lending strengths, weaknesses, and opportunities in Europe, provide valuable insights on regions, specific EU countries, loan products, and services. Also, we are going to talk about industry-specific prime challenges and forecast the lending industry development.   Before we narrow down the market analysis to the European countries, it is important to give an outline of the current global digital lending ecosystem and its expected dynamics in the upcoming 5 years. Digital Lending Market Globally The global Digital Lending Market is expected to register a CAGR of almost 12% in the upcoming 5 years (2021-2026). Because of the well-known pandemic events, SMEs and individuals worldwide faced challenges to obtain credit to keep their businesses operating and their households safe. According to the Mordor Intelligence market study, the digital lending market was $311. 06 billion large in the unstable 2020 and is expected to demonstrate an almost two-fold growth by 2026, up to $587. 27 billion. The regional digital lending growth rates in Europe and EU can be compared to those in the USA and Canada - medium-level. High growth rates are noticed in the Asia-Pacific region and Australia. Africa and South America develop digital lending at a slower pace. Read alsoBanking and Lending in the USA 2021-2025: Trends & PredictionsWhat You Need to Know About Lending & Banking in Canada Today Lending in Europe and European Union According to the Data Bridge Market Research, the European digital lending platform market in 2021-2027 is...

---

### 8 Big Takeaways from the Global Alternative Benchmarking Report

> The lending industry report shows that the global market is growing fast. Reach out to more insights from the Global Alternative Benchmarking Report.

- Published: 2021-09-02
- Modified: 2022-12-28
- URL: https://hesfintech.com/blog/takeaways-from-alternative-lending-industry-report/
- Categories: FinTech, Ideas

China has been known as the world’s largest online alternative finance market by transaction volume up until 2018. But local market developments, regulatory changes, and the Covid-19 crisis have led to substantial changes in its volumes and market share.   The 2nd Global Finance Benchmarking Report by the Cambridge Centre for Alternative Finance presents data from 2019 and 2020. The report covers data from 1,524 fintech located in the Americas, Europe, APAC, the Middle East and North Africa, and Sub-Saharan Africa. It’s aimed at providing a clear picture of the Covid-19 impact on digital lending and fintech around the world.   The HES team created a short review of the Global Finance Benchmarking Report to highlight the most significant points for the lending domain. Here are eight big takeaways we’d like to share with the community.   Read alsoTop 6 Fintech Trends in 2022: What You Need to KnowWhat’s Next for Fintech in the Asia Pacific? Alternative Finance Volumes Beat Global Records  The conducted lending industry analysis proves that the global alternative finance market, excluding the Chinese, shows strong growth results having doubled its volume since 2017. The data shows that alternative finance reached a record high of $113 US billion in 2020. As stated in the lending industry report, alternative finance volumes raised by businesses increase by 51% year-on-year to record $53 billion in 2020; increasing the share of alternative finance volumes raised by businesses from 38% in 2019 to 47% in 2020. Considering the impact of lockdowns on...

---

### 5 Ways Embedded Finance Will Change the Future

> We consider the embedded finance use as 1 - Buy Now Pay Later 2 - POS lending 3 - Integrated insurance 4 - Investment and trading 5 - Fintech-as-a-Service

- Published: 2021-08-30
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/forbes-embedded-finance-changing-the-future/
- Categories: FinTech

As we head further in the changed post-pandemic 2021, it becomes clear that merging online with offline and introducing digital financial services to non-financial businesses are going to be major challenges and trends for the future.   The era of embedded finance is there, and with an estimated market value of $3 billion by 2030, it’s just the beginning.   Embedded finance means implementing financial services (lending, payments, and insurance) into other types of services. Card payments in ride-hailing apps, Buy Now Pay Later in a shopping app, or in-store POS insurance—all these are examples of embedded finance. Apart from the world’s disrupting Amazon’s EMI loans, Klarna, and Afterpay—the trend is applicable to smaller companies. You may notice that more and more competitors appear to adjust their businesses to this trend. In the full article on Forbes, Dmitry Dolgorukov, HES CRO and Co-Founder shares three main benefits of embedded finance. Along with that he lists five most promising implementation options: Buy Now Pay Later POS (point-of-sale) lending Integrated insurance Investment and trading Fintech-as-a-Service The article will fuel you with some food for thought on how your business can engage embedded finance in the most profitable way and which market shifts to watch.   Read the full article on Forbes: EMBEDDED FINANCE: WHAT IT IS AND HOW TO GET IT RIGHT Stay updated about key analytics and relevant banking and fintech trends: subscribe to our company’s updates.

---

### Innovative Student Loan Software Solutions: Where to Start

> How to develop innovative student loan solutions? HES has a dedicated guide to help you understand where to start. Here's more about student loan software.

- Published: 2021-08-25
- Modified: 2024-01-19
- URL: https://hesfintech.com/blog/student-loan-solutions-development/
- Categories: FinTech, Industries

Student loan platforms are no longer mainstream, they’re a part of a college tuition anti-crisis program. It’s trite but true that continuous tuition hikes force people to take students loans.   Instead of drowning in overdue debts to banks, students choose simple student loan solutions from third parties.  As 65% of all jobs in the U. S. and abroad require Bachelor’s or Master’s degree, the demand for student loan software will continue to rise. It’s important for lenders to come up with top-notch student loan servicing software to help pay for tuition and existing debts. In doing so, we decided to explore the importance of student loan management solutions in battling the tuition crisis. In the article, we’re figuring out what student loans solutions are in the market and how to level up lending with HES LoanBox to win over the majority of debtors. Why Invest in Student Loan Management Software Even before the coronavirus pandemic, student loans have seen almost 157% in cumulative growth, as Bloomberg states. While the average college tuition cost has dropped in the 2020-2021 academic year, the average tuition and fees at private ranked colleges have fallen by about 5%. Analysts still worry that after the crisis the trend of year-over-year tuition hikes will be back. The next generation of graduates might default on their loans at even higher rates than was supposed earlier.   Top 5 Must-Have Features for Student Loan Origination Software The average college student graduates around the age of 21 and...

---

### HES FinTech is Now Officially ISO 27001 Certified

> Recently HES was acknowledged by the International Organization for Standardization and received ISO/IEC 27001 certificate. Click for more details.

- Published: 2021-08-19
- Modified: 2024-01-29
- URL: https://hesfintech.com/blog/hes-fintech-is-iso-27001-certified/
- Categories: News

Recently the company was acknowledged by the International Organization for Standardization and received the globally recognized certificate:  ISO/IEC 27001 – Information technology — Security techniques — Information security management systems — Requirements. Why's it Important? ISO 27001 is the most widely used international standard to help organizations provide secure information storage and exchange via the adoption of the Information Security Management System (ISMS). The 3 ISMS security objectives are confidentiality, integrity, and availability. The certification is voluntary and is carried out by an accredited organization after the successful completion of a thorough audit.   The domain experience of HES FinTech and working with financial services providers has always been setting set a number of security requirements and objectives. Our performance was based on top-notch security practices since 2012.   Now we expect the official certification will help HES FinTech increase its business opportunities, prove to our customers and business partners from all over the world that their data is handled the proper way.   Contact our team to learn more about the HES FinTech approach to security and quality.  

---

### Business-Analysis-as-a-Service in Lending Software Development: Why It’s A Good Start

> Business analysis helps clients launch their lending platforms on time and budget. HES offers to accompany your business during all iterations. Here's how.

- Published: 2021-08-18
- Modified: 2022-12-29
- URL: https://hesfintech.com/blog/business-analysis-services-in-lending-software-development/
- Categories: FinTech, Ideas

Business Analysis in lending software development is what helps business customers launch their digital lending platforms on time, on budget, and in full accordance with the specification. BA as a separate service can be a good starting point for the entire project cycle. It allows carefully estimating the project development process, the team, and the costs.   Also, BA-as-a-service results in ready technical documentation, use cases, and data flows. After that, businesses can easier select the financial software vendor and start the development right away or take their time.   BA services consist of 4 key elements: Technical Documentation - use cases, actors, supported devices and platforms, integrations, and most important information about the project. Technical Research - recommended technologies, programming languages, and frameworks.   Industry Analysis - external factors that may impact the lending platform development and performance.   Competition Analysis - reverse-engineering of competitors’ solutions for better understanding of the improvement potential, as well as figuring out goals and tasks.   Competitors’ auditing in BA helps business analysts learn more about customer’s domain and market, about the digital lending platform type, and the business model of competitors, both direct and indirect.   We define the assessment criteria and analyze the competing systems according to their features, advantages and drawbacks, technical aspects, marketing positioning, and entire user journeys.   Careful analysis of existing solutions during the BA helps to formulate the unique proposition and understand the competitive advantage of the planned system. It also significantly helps in drawing documentation.  ...

---

### Why Digital Lending is More Powerful than Ever

> Digital lending is a powerful tool, and it is growing in popularity. Discover what you need to know before upgrading your company's technology capabilities.

- Published: 2021-08-11
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/why-digital-lending-is-more-powerful-than-ever/
- Categories: FAQ, FinTech

When the coronavirus pandemic hit back at the start of 2020, no one could have predicted the impact it would have on the world. Alongside accelerating the vaccines’ development and disease control, the IT sector started adapting to lockdowns boosting digital lending growth.   What digital banking ecosystem has to offer after the crisis? Follow the article to discover the importance of digital lending technology for crisis recovery. We shed the light on digital lending solutions of the near future and show how digital lending revolutionizes the loan market.   Digital Lending Growth Metrics  The digital banking ecosystem has changed over the years due to the adoption of digitalization. While traditional lending still dominates the market, the benefits of digital opportunities are paving the way for the adoption of online technologies and solutions across businesses.   According to the Research and Market report, the digital lending market was valued at $ 311. 06 billion in 2020. It’s expected to reach $ 587. 27 billion by 2026 at a CARG of 11. 9%.   The major factor driving the market growth is the changing consumer behavior and expectations. Different generation groups have their own lending behavior. While Boomers still opt for traditional banking, Millennials and Gen Z, becoming the dominating generations, chose mobile banking and digital lending first. Customers from diversified backgrounds may require loans for lots of purposes from personal and POS loans to SME finance and home loans and more. And the adoption of technological advancements like AI and...

---

### BNPL as a Part of Embedded Finance: What You Need to Do When Everybody Is a Lender

> Lending and Buy Now Pay Later services are integral parts of the embedded finance industry. HES reveals what you need to know before entering the market.

- Published: 2021-08-05
- Modified: 2023-03-03
- URL: https://hesfintech.com/blog/buy-now-pay-later-software/
- Categories: FinTech, Ideas

The pandemic feelably accelerated everything digital. The banks’ operational continuity, AI-based risk management, cloud infrastructure scaling, and more. However, such changes don’t seem to be temporary.   Rapid changes revolve around embedded finance as well. Read alsoFive Businesses That Will Benefit from In-House Finance in the Next 5 YearsPoint of Sale Financing Software or How to Engage with Retail Customers What's Embedded Finance? We talk about embedded finance when the financial services are embedded within non-financial services. For example, banking services within ridesharing applications or insurance services in the moment of an online e-commerce transaction.   Pros and Cons of Embedded LendingEmbedded finance provides non-financial organizations with an opportunity to seamlessly integrate payment, lending, and insurance into their products and services. Along with the profitability increase, embedded finance substantially improves customer experience and customer loyalty. Embedded Finance and Embedded Lending (BNPL): Market Value According to a study from Juniper Research, the value of the embedded finance market was $43 billion in 2021 and is highly likely to exceed $138 billion - in the other words, it will grow threefold by 2026. The market value implies the value of transaction revenue, insurance premiums, and licensing costs. The reason for such stunning growth is the increasing availability of financial services APIs. Financial services vendors go for barrier-free integration to receive an additional revenue opportunity and develop a financial ecosystem that will potentially be beneficial to all parties involved.   In this article, HES FinTech, as an experienced money lender software provider, will...

---

### How No-Code AI Is Changing Business

> With a focus on no-code AI software in finance and marketing for credit scoring, application scoring, churn prediction, and predictive analytics in finance.

- Published: 2021-08-03
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/how-no-code-ai-is-changing-business/
- Categories: FinTech

More companies are searching for AI-based solutions to automate business processes and reduce costs. However, a lot of them get confused by the massive costs of implementation, the need to have an additional technical department, and a steep learning curve. All that slows down the speed of AI adoption. But it doesn’t have to be that way. This article shows the key considerations about the no-code development of AI software and its integration into existing systems of financial businesses. No-code development implies code-free systems that are up and running, building models, serving other business purposes - and all that requires no deep knowledge in programming, data science, or other types of engineering. In the full version of the article, Dmitry Dolgorukov, HES CRO and Co-Founder, provides the key benefits of no-code AI based on market research and his own experience with AI-based GiniMachine: Fast and easy integration; Sufficiently higher level of automation; Affordable implementation when compared to custom AI; Opportunity to implement Business Intelligence solutions. From this article, you will find out how no-code AI development looks like in practice, what types of processes it automates, and what businesses need to consider before the start.   "In the financial sector, no-code AI tools can be introduced to fulfill a variety of purposes, for example, reducing the risk of bad credit for lenders, choosing where to open or close a bank branch, automating online onboarding forms, and much more. " says Dmitry Dolgorukov There is a special focus on no-code AI...

---

### Wa’ed Selects HES FinTech as Software Vendor

> Wa'ed, the entrepreneurship arm of Saudi Aramco, one of the world's largest companies by revenue, is our new customer: HES automates financial operations.

- Published: 2021-07-27
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/waed-by-saudi-aramco-selects-hes-fintech-as-software-vendor/
- Categories: HES Clients

HES FinTech is happy to announce that Wa’ed, the entrepreneurship arm of Saudi Aramco - one of the world’s largest companies by revenue, has signed a contract with us to automate their company’s financial operations. Project Goals Wa’ed is created by Aramco to support local entrepreneurship and render assistance to new businesses evolving in Saudi Arabia. In addition to loan financing and venture capital investment, the support includes mentoring and incubation of start-ups. For the 10 years of operation, Wa’ed hit the mark of $100 million of investment in Saudi entrepreneurship growth.   A few months ago, Wa’ed selected our company HES FinTech as a software provider for loan granting automation. The key reason for their choice was our extensive experience in building loan origination and loan management platforms for SME lenders. Our expertise in developing a secure, scalable lending system in Saudi Arabia made us the ideal partner to support Wa’ed’s mission. HES FinTech is delighted by having a chance to work with the largest institutional venture capital investor. Wa’ed social responsibility is to fuel business growth and grant loans requiring no collateral.   Why working with Wa’ed is so exciting? With a top-notch tech stack at its core, Wa’ed gets acceleration for building an entrepreneurial ecosystem and broaden the portfolio geography quicker and easier.   We have placed our trust in HES FinTech’s expertise to develop lending software and predictive analytics software for our financial services. Their expertise will support the launch of our updated platform, which will...

---

### The Ultimate Guide on Factoring Platform Development

> Factoring saves businesses. Let's guide in the factoring platform development to understand what win-win solutions to consider in top-notch software.

- Published: 2021-07-22
- Modified: 2024-11-22
- URL: https://hesfintech.com/blog/factoring-platform-development/
- Categories: FinTech

Digital factoring is the way many corporate lenders go when expanding their market offerings. And it creates a win-win situation for all parties involved: businesses benefit from improved turnover and higher productivity, while lenders get their piece of cake due to this sophisticated yet very old financing tool.   Factoring appeared long before the first venture capital deals or equity investments and today it reveals new opportunities as it moved online.   Read alsoThe Value of QA Testing in Fintech IndustryWhy Digital Lending is More Powerful than Ever For now, it is becoming more and more difficult for SMEs to secure funding with the help of loans. In times of economic instability, credit institutions are more cautious when granting loans and try to minimize the risk of default payments. As a result, businesses suffer from strict lending requirements. All that creates a fertile ground for the flourishing of factoring, and fintechs use this trend by providing it solely or combining factoring with other services.   Even though the FCI Global Factoring Statistical Report demonstrates a slight 4-percent decline in international factoring volume, everybody knows the reasons for that. Thus, the 2021-2024 predictions look significantly more optimistic and allow a lot of banks and financial companies to consider investing in factoring software development. This allows to increase the volume of factoring contracts processed and provides a lot of other advantages.   In this article, we are going to cover the key points of factoring automation for lenders, provide technical insights on...

---

### Point of Sale Financing Software or How to Engage with Retail Customers

> Customers choose point of sale financing over credit cards not for nothing. Find out how to develop a POS lending software for successful business.

- Published: 2021-07-13
- Modified: 2024-11-22
- URL: https://hesfintech.com/blog/point-of-sale-financing-software/
- Categories: FinTech, Ideas

When customers pick out items from stands or check out online, they’re at the point of sale (POS). Having an efficient point of sale lending software enables the business to make more sales than you could. According to 2020 Grand View Research, the POS software market's value in 2020 amounted to $9. 3 billion, and it is projected to reach $18. 1 billion by 2027. Updating your lending business to provide POS financing for merchants provides access to a new profitable loan market. In this article, we speak about the benefits of POS lending for banks and SME lenders. You’ll find how lenders implement point of sale loans in their credit workflow and what components to include in point of sale lending software. Read alsoBNPL as a Part of Embedded Finance: What You Need to Do When Everybody Is a LenderFive Businesses That Will Benefit from In-House Finance in the Next 5 Years What is Point of Sale Finance Software? A point-of-sale lending platform allows offering loans at the point of purchase to let customers buy a product or service itself. Similar to consumer lending, point of sale financing works with installment loans, credit cards, and in-store loyalty cards. Customers think about taking a POS loan when it comes to purchasing a thing that is out of their pocket, like furniture, cars, or kitchen appliances. POS lending has expanded recently due to technological advancements that made online lending possible. The market offers immediate online and mobile loan opportunities backed up...

---

### Open Banking To Open Finance: The Path To Fairer Finance

> Open Finance is about the way of data sharing and integrations that allows an impressive range of personalized financial services.

- Published: 2021-07-09
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/open-banking-to-open-finance-the-path-to-fairer-finance/
- Categories: Banking, FinTech

This text is about witnessing a slow yet steady shift from Open Banking to Open Finance - a more sophisticated concept. It implies the delivery of a wider range of financial services to customers and giving them greater control over their financial state.   Open Finance is about the way of data sharing and integrations that allows an impressive range of personalized financial services. Banks have already become a one-stop-shop for their customers, but with the help of Open Finance, they will turn into financial ecosystems with tailored solutions and offers. It is about mortgages, personal finance management, pension funds, insurance, loans, and more.   In the full version of the article, Dmitry Dolgorukov, HES CRO and Co-Founder, provides examples of potential uses of Open Finance. Also, you will find: Considerations and cautions regarding the security of this new technological trend and its implementation for both consumers and financial organizations, as well as concerns about the bias; More facts on how Open Finance can change the industry to Fairer Finance The industry predictions for Open Finance  Read the full article on Forbes: OPEN BANKING TO OPEN FINANCE: THE PATH TO FAIRER FINANCE Find out more trending topics in our company’s blog and subscribe to our email updates.

---

### The Value of QA Testing in Fintech Industry

> Is software QA testing important for lending software? HES follows four quality assurance standards to provide quality and bug-free software. Find out more.

- Published: 2021-07-06
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/the-four-foundations-of-qa/
- Categories: FinTech, Ideas

The software development industry has come a long way since its early days. Years ago, software testing was based on running a solution and comparing its outputs with the product documentation. Nothing more. However, the modern fintech software market requires broader skill sets from QA engineers. They do not only design, run, and validate tests, but have significant insight into the development and business process and business. Software testing specialists exchange their knowledge on equal footing with the rest of the team. In this article, we want to explain the importance of bank software testing for business security and customer protection. Having up to 10 years of experience in the lending field, we’ll show the aspect our QA testing team covers and unveil 4 foundations of banking application testing at HES FinTech.   Read alsoBusiness-Analysis-as-a-Service in Lending Software Development: Why It’s A Good StartHow Loan Automation Maximizes the Efficiency of Lending Process What is QA in IT Field?   Quality assurance or QA is a practice that focuses on preventing errors and defects in software. So if you still doubt why QA is necessary, note that enables not putting people’s money and data at risk.   The goal of a software tester is to release the best possible product. During the workflow, a QA engineer attempts to “break” future software to detect errors, potential security breaches and loopholes for the unscrupulous, and other bugs. Apart from bug uncoverage, QAs improve and fasten the software development cycle. They track the product’s...

---

### How to Build a Microfinance Lending Platform

> How to develop a microfinance lending platform? HES FinTech provides the guide with must-have features to implement in your project. Check out the article.

- Published: 2021-06-28
- Modified: 2022-12-28
- URL: https://hesfintech.com/blog/how-to-build-microfinance-lending-platform/
- Categories: FAQ, FinTech

Microfinance lending is a powerful financial tool that provides durable buffers against life’s setbacks. Another impactful role of microlending, especially in the post-pandemic recovery, is improving financial inclusion.  Although a lot of financial service providers (FSPs) accepted the need to undergo digital transformation, many of them are still reliant on low-tech legacy software developed decades ago.   This article can help microfinance organizations find their individual digital ways to reach their customers and interact with them effectively and at a scale. Integrations with third-party data providers will help use data for credit management and product design. Microfinance software vendors also develop flexible core systems with high adaptability covering every aspect of their lending business and helping to build a digitally enabled business model. Read alsoBNPL as a Part of Embedded Finance: What You Need to Do When Everybody Is a LenderHow to Develop Commercial Loan Software Pros of Owning a Full-Featured Microfinance Lending Platform It reduces costs for financial institutions It increases the reach of financial products  It facilitates innovation in the design of products and services A digital online lending platform for microfinance businesses is configured to enhance customer experience by offering FSP managers real-time data for decision-making.   Financial institutions build their own acceptance criteria for client risk analysis, payment integrations, authentication, and personalization. Digital finance with updated micro financing software is potent to alter customer behavior for better and to grant instant access to products, interfaces, calculations, and convenient services.   Here is what you need to...

---

### Lending Automation for Banks and Fintechs: Podcast by ABA & HES FinTech

> Get a short overview of what HES FinTech offers both for lenders and banks. Watch our podcats with the American Bankers Association on lending made simple.

- Published: 2021-06-23
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/lending-automation-for-banks-and-fintechs/
- Categories: Interviews

We created a super short podcast with the American Bankers Association to provide a brief overview of what HES Lending Platform can do for your bank or financial business. Here are the key points we mentioned: Needs and requirements of lending businesses: can HES software cover them all? Experience with banks: is it possible to launch digital lending software for banks in a few weeks and how to go digital leaving the existing Core Banking System in place? End-to-end lending solutions for alternative lenders: which types of lending businesses are most interested in our platform. Speakers: Deborah Whiteside - Senior Vice President in ABA’s Endorsed Solutions Area Ekaterina Romanova – Marketing Manager at HES FinTech Learn more about the ways HES solutions can address the challenges of your financial company, possible ways of implementation and integrations, and how we deliver tailored software in just 90 days. Join a live demo with HES experts.

---

### How to Develop Commercial Loan Software

> How to develop a functional commercial loan software? HES FinTech provides a detailed development guide to help lenders on their digital way. Here's more.

- Published: 2021-06-22
- Modified: 2023-12-22
- URL: https://hesfintech.com/blog/how-to-develop-commercial-loan-software/
- Categories: FAQ, FinTech

Getting commercial lending software is not a big deal today. Thanks to the developing fintech industry, gone the days when customers were required to fill out loan applications in-house and get to a banking office over and over. The emerging approach with commercial lending software drives digital lending transformation smoothly and easily, ending up brick-and-mortar commercial lending.   What is a Commercial Lending System?   A commercial lending software is a system used by commercial lenders to manage all loan operations, calculations, credit reporting, tracking, money processing, and risk management. Selecting a commercial credit software developer is one of the most significant decisions of a financial institution. Implementing robust tools and getting the right guidance from a vendor can increase efficiency, drive more loan leads, manage costs, and meet business challenges. Read alsoThe Ultimate Guide on Factoring Platform DevelopmentWhat Is BPM & How Can It Boost Your Lending Automation? What are the Benefits of Commercial Loan Servicing Software?   1. Accelerated decision making Gathering all the information and functions at hand, a commercial lending platform simplifies work and reduces decision-making time by hours. Brick and mortar lenders need up to two weeks to score an application, check credit history, and make a loan decision. An online platform allows you to cut off the time and provide money on the application date. As a result, you attract customers by work efficiency and have a significant competitive edge.   2. Improved accuracy in predictions Modern scoring solutions allow you to reveal applicants...

---

### The Ultimate Marketing Ideas for Loan Companies to Generate Leads

> How to market borrowers? HES FinTech created an insightful guide with marketing ideas for loan companies. Discover loan campaign ideas here.

- Published: 2021-06-17
- Modified: 2025-06-17
- URL: https://hesfintech.com/blog/marketing-ideas-for-loan-companies/
- Categories: FinTech, Ideas

Do you know how to get leads for business loans substantially? Smart digital marketing in the banking industry can be paid off in six months already. As digital lending continues to win over in-house banking, it’s significant to figure out fresh business loan leads generation strategies. Specific marketing strategies for banks and financial institutions are good working if using them in combination. The HES team decided to make a step-by-step guide through marketing lending, including content marketing, search engine optimization, social media lending, online advertising, and email campaigns. In addition, we will prove the profit of digital marketing for banks by highlighting lenders and online financials who already successfully implement it. Read also8 Big Takeaways from the Global Alternative Benchmarking ReportHow Fintech Is Changing Banking and Financial Services How to Get Leads for Business Loans Today for any lender to strive and survive, it’s significant to promote its website through digital marketing in the banking industry. You probably know the basics of online marketing and use several platforms popular among your competitors.   Let’s have a sneak peek at each online sales channel before diving into details of effective marketing ideas for loan companies. Search engine optimization Search engine optimization is the first thing to consider picking up marketing strategies for banks and financial institutions. It optimizes your lending website for clients who are interested in the financial services and products you offer. 68% of all customer journeys begin with a search engine, while only 0. 63% of users get...

---

### The Finance Industry's Obstacles Are Its Opportunities

> That’s what Dmitry Dolgorukov, HES FinTech CRO, is talking about in his new piece for Forbes Finance Council: for example, the urgent need to limit or pause face-to-face financial services

- Published: 2021-06-10
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/the-finance-industrys-obstacles-are-its-opportunities/
- Categories: FinTech

When taking a closer look at the challenges faced by the finance industry, it becomes clear that most of them are ideas for improvement. That’s what Dmitry Dolgorukov, HES FinTech CRO, is talking about in his new piece on Forbes. For example, the urgent need to limit (or pause) face-to-face services improved the adoption of digital compliance procedures and created a higher demand for financial software development as a whole.   Here are the most pressing challenges in banking and financial services today (that can be turned into opportunities): Digital is the new normal. COVID skyrocketed the downsizing of brick and mortar offices. But does that mean that incumbent banks can quickly switch to digital experience? Or does that mean that challenger banks will inevitably win?   Blockchain and crypto tech. Are we going to talk about the rise or about extreme volatility?   Regulation and innovative legislation solutions. What will be the impact on the market? Unfreezing lending. What does the future keep for the lending industry after the knock-on effect during the post-pandemic?   Read the full Forbes article with recent 2021 statistics, some industry forecast, and more: THE FINANCE INDUSTRY'S OBSTACLES ARE ITS OPPORTUNITIES At the moment, we witness the finance industry changing at the velocity of light. Which changes can be used for good by your own financial business? Follow the HES FinTech Blog to be the first to know about lending trends and major industry shifts.  

---

### Most Important Insights & Reports for Your Lending Business

> Validate figures faster and drill into financial details at once. Customized reports and dashboards by HES can bring everything at fingerprint. Here's more.

- Published: 2021-05-31
- Modified: 2024-11-22
- URL: https://hesfintech.com/blog/reports-and-dashboards-in-lending-software/
- Categories: FinTech, Ideas

Reports and dashboards in software for lending business lighten the load for analytics, financial officers, and managers in banks and non-banking organizations. They highlight numbers and demonstrate dynamics anytime and anywhere. The main advantage of automatic dashboards is that no more need to wait for traditional monthly reports. For example, with HES Lending software users leverage financial automation and visualization tools and move to a daily reporting cycle. Traditional and alternative lenders we work with usually ask about our predefined set of reports and add their own ones. What Are the Key Capabilities of Financial Dashboards in Lending?   It creates powerful financial analytics to gain insights, explore and analyze trends, timely adapt the business strategy.   The reports can combine multiple data sources for a complete picture and for access to unified real-time data. Such easy access to data reveals the power of more complicated data analytics for reliable forecasting and budgeting.   Automatic reporting enables analysts to spend more time searching for ways to reduce costs and grow profits and less time on data preparation in spreadsheets. In between reporting periods, it is important to have access to quick reports that make transform tons of data into an easy-to-read summary. Everything in a dashboard is duplicated somewhere in the company’s papers and financial reporting systems, but real-time snapshots of the key lending data are a must-have when you develop back-office for lending. With the Reports & Statistics module in the back-office, lenders track their relevant lending KPIs, make...

---

### Top 9+ Ideas for Marketing Automation in Lending

> Drive marketing automation in lending and improve customer acquisition efforts with HES FinTech. Here's a detailed guide on automated marketing in lending.

- Published: 2021-05-25
- Modified: 2024-11-22
- URL: https://hesfintech.com/blog/marketing-automation-in-lending/
- Categories: FinTech, Ideas

Commonly customer experience and marketing efforts in lending and financial services are perceived as something that your target audience can see in front of their eyes and directly interact with. For example, attractive special offers, stylish design, clean UI/UX of the website or application.   But a lot of lenders underestimate the power of updated back-office, automation, or effective CRM module when they try new marketing strategies in lending. However, this is something that can substantially increase the number of customers, their outreach, and overall profitability.   This text will help you upgrade your online marketing strategy, gives more ideas of how your use CRM in the online lending platform, provides some striking facts and statistics and will focus on dos and don’ts in building your unique marketing strategy in the financial services area. Marketing in Financial Services 2. 0 Research says 44% of lenders lean toward improving the front-end consumer experience, while only 18% prefer improving back-end operational efficiency. The most rational 36% say that both types of activities are equally important. What does this mean for your marketing strategy? Delivering personalized services, involving omnichannel experience, setting up automated marketing messages and notifications, and exploring new opportunities to increase customer involvement - all that requires an updated CRM module in your powerful and reliable backend of the loan platform. Here are the loan marketing tactics you can consider or improve (if you already use them): Email marketing Consider this idea if you never used that before. Financial services marketers...

---

### How to Create a Peer to Peer Lending Platform

> How to start a P2P lending company? With a dedicated P2P marketplace platform designed by HES, it's possible to enter the market in 4 months. Here's more.

- Published: 2021-05-19
- Modified: 2024-11-22
- URL: https://hesfintech.com/blog/how-to-create-a-peer-to-peer-lending-platform/
- Categories: FAQ, FinTech

Investors see P2P lending as an opportunity to diversify their investment portfolio. While borrowers pick it up for fair credit being allowed and a quick funding process. Since it’s mainstream, what can you do to start a peer to peer lending business? Searching for information on successful P2P crowdlending guides, the majority of users stumble upon obvious tips, like gather a dedicated team, fill out a business registration form, develop a platform, etc. But there’re no ideas on how to develop a peer to peer crowdfunding platform and what tools to add for streamlined user acquisition. Being good at lending and software development, we decided to share our vision of a functional white label peer to peer lending software platform. You’ll find the average development cost on the market and get some tips on choosing a reliable software development team.   The peer to peer lending market is currently valued at $67. 93 billion and is expected to grow at a CARG of 29. 7% by 2027. To put that in context, the average funding per loan has risen by about 50% in the last year. It means that crowdlenders are about to take a large piece of a banking and lending pie.   CUSTOM SOFTWARE Looking for unique software for P2P lending? Explore the power of seamless process automation with HES. Learn more What is Peer to Peer Lending?   P2P lending allows individuals to obtain loans directly from investors. It’s an alternative to traditional bank and credit union...

---

### Post-Pandemic Recovery Insights For Banks and Fintechs

> After the pandemic, Dmitry Dolgorukov predicts demand for digital services, short-term loans, and rapid growth of online business lending. Here's more.

- Published: 2021-05-12
- Modified: 2022-12-28
- URL: https://hesfintech.com/blog/post-pandemic-recovery-insights-for-banks-and-fintechs/
- Categories: FinTech, Ideas

The world as we knew it has changed. And our attitude towards finances too. So will it be the same anymore or fintech needs to adapt to new rules? Here are the three ways credit and lending are changing in 2021.   In this article for Forbes, HES FinTech’s Co-Founder Dmitry Dolgorukov focused on digital services for financial operations, demand for short-term loans, and rapid growth of digital business lending caused by lockdowns. As the global pandemic came down on us, consumers tended to save more money than spend. Statisticians note a 90% decrease in spendings. Dmitry notes that retailers should expect a cash-injection boom once governmental restrictions are eased.   Banks and fintech can expect major changes in brick-and-mortar branches. With an increased demand for digital-only services, customers will take priority in online financing forcing banks to cut physical branches in favor of digital services.   Dmitry points out that lending is also on the rise in 2021. He predicts a continued increase in business loans, including business support and business opening credit. Lending providers should be ready for and ensure their lending strategy in post-COVID will work. Read the full article on Forbes: POST-PANDEMIC RECOVERY INSIGHTS FOR BANKS AND FINTECHS Find out more trending topics in our company’s blog and subscribe to our email updates.

---

### Banking Cyber Security: How to Provide Safe Online Loans

> Prevent fraud, don't address the impact. Deliver safe and secure online loans with HES. Reach out to the guide on how banks secure their data.

- Published: 2021-05-06
- Modified: 2024-07-19
- URL: https://hesfintech.com/blog/lending-cyber-security/
- Categories: Banking, FinTech

The ongoing digital transformation of banking and lending puts the industry at theft and fraud risks. With the growing possibility of potential cyber attacks on banks, organizations have to increase their financial cyber security activity. In the era of digital crediting having an effective lending cyber security program and safe online platform is more important than never ever before. Understanding the importance of cyber security banking, we want to deliver a guide to digital lending without security risks. The goal of the article is to explain why it’s rational to empower banking information security instead of defeating bank cyber attacks. We’ll make clear how to safe lender, cyber loans and predict cyber attacks on banks. Over the past years, digital lenders, credit unions, and banks have experienced an 8% increase in fraud. According to the fraud statistics for 2020, the average number of monthly fraud attempts in the digital mortgage only is 1,8100, with over 900 successful ones. Business owners report losing around 6% of their revenue due to fraud every year. What Are the Main Fraud-Promoting Factors? Quite often the main reason why hackers stole money is banks themselves. The mistake they make is common to any business or activity — every time we want to improve one feature, we might forget about others. While in the decade of digitalization all lenders strive to streamline processes and drive excellent customer experience, we might forget about security terms and create breaches in the system. There is a need for banks...

---

### The Power of Agile Methodology for Fintech & Lending

> Why do financial services need to take note of agile methodology? Agile is a must-have for successful business growth. Here're more details.

- Published: 2021-04-30
- Modified: 2023-03-03
- URL: https://hesfintech.com/blog/agile-in-fintech-and-lending/
- Categories: FinTech, Ideas

The agile methodology, in some form or another, has been around for a while now. Almost unbelievably, as far back as the late 1950s. Originally conceived as a solution for software development, the agile method is an iterative approach that breaks up projects into phases to be implemented. Unlike a linear method, such as the waterfall strategy, agile holds no strict step-by-step guide and instead draws its strength from its adaptability and cooperation. According to Ambysoft's 2013 Project Success Rates Survey, the agile approach has a success rate of 64%, which is higher than the 49% success rate of the waterfall model. Its effectiveness means there’s no surprise in why businesses, and not just software developers, are increasingly using agile to manage their workflow. As for 2022, Agile is being utilized by no less than 71% of companies in the United States. Banks and financial institutions, including lending businesses, are no exception, even if there are some speed bumps along the way. Here we’ll take a look at the benefits of agile for banks and financial companies and examine why they continue to face challenges implementing agile to their businesses. What’s Preventing the Agile Uptake? The financial world is fast-moving, the markets and conditions change on an almost daily basis. So, it makes sense that technology would too, right? Unfortunately, this hasn’t quite been the case. Innate cultural blockers In practice, banks and traditional lenders tend to be highly organized, structured organizations, wherein everyone has a specific role and duties....

---

### Back Office Automation in Digital Lending: Top Core Process Improvement Ideas

> Customer dissatisfaction source is the back office. Empower your back office systems with business loan CRM for automated lending and gain customers.

- Published: 2021-04-20
- Modified: 2024-12-12
- URL: https://hesfintech.com/blog/back-office-automation-in-digital-lending/
- Categories: FinTech, Ideas

Banks and lenders mostly focus on transforming customer experience with digital technologies. Yet, seeking to empower the front office for banking automation, business owners miss a potentially great opportunity they have in their backyard — financial back office automation software with a loan CRM module. In this article, we decided to explain how to drive automation in banking by transforming digital back office. You’ll find three fundamental approaches significant for digital transformation back office. Also, we prove the importance of business loan CRM for a successful digital company and reveal advantage CRM for back office management.   Statistically, 41% of lenders are mainly focused on front-end changes concerned with delivering personal attention to customers, moving towards omnichannel experience, automating marketing, and finding new ways to connect and expand the customer base. However, if your back-office cannot guarantee an error-free and quality lending process, you’ll never turn visitors into loyal customers. Simple back-office optimization can lead to higher profitability of lending, but only up to 30% of lenders see it as a top priority. Following the surveys, only 30% of banks feel that their operational processes can quickly adapt to external changes. These prove that lenders overlook back-office features of their business chasing more customers and lose the market competition after all. According to Capgemini Consulting research, 60% of customer dissatisfaction source originates in the back office. Siloed data sources, disconnected CRM and ERP systems, manual paper-based processes lead not only to customer turnover but also cause high expenditures and poor...

---

### How The Cloud Is Changing Fintech

> In this article, he focused on cloud adoption in fintech, added statistics, and listed five ways the cloud will drive fintech into the future.

- Published: 2021-04-19
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/cloud-is-changing-fintech/
- Categories: FinTech, Trends

Spreading worldwide in the 2010s, cloud technology has an extremely promising future.   In this article for Forbes, HES Co-Founder Dmitry Dolgorukov focused on cloud adoption in fintech, backed it up with statistics, and listed five ways the cloud will drive fintech into the future.   The directions for cloud-based fintech advancement include self-service applications, better security features, comprehensive data management, scalability, flexibility, and potential for innovation.   Also, Dmitry shares best practices of cloud adoption in banks and financial institutions. He draws attention to such areas as encryption and access control, compliance, data segregation, and disaster recovery plan. By keeping all that in mind, financial organizations can move to the cloud at lower risk and higher performance.   If we go back just 15 years when Amazon released its first cloud-based platform, and all that seemed like a miracle, we could hardly believe the scale to which the cloud technology would expand. Read the full article on Forbes: HOW THE CLOUD IS CHANGING FINTECH

---

### What Is BPM & How Can It Boost Your Lending Automation?

> How can bank process modeling boost automation in lending? The HES team reveals all opportunities of BPM and shows how to use it in practice.

- Published: 2021-04-13
- Modified: 2023-02-16
- URL: https://hesfintech.com/blog/bpmn-for-lending-automation/
- Categories: FAQ, FinTech

BPM or Business Process Management is a process automation technology that provides effective workflow structuring, including the coordination of people, systems, and data. BPMN or Business Process Management and Notation is a popular visual modeling language that helps define and direct the company process workflows, bring them together, and visualize. Most companies use the unstable Covid times to improve their internal processes, become faster and more agile. The demand for BPM software (BPMS) is expected to grow. According to Gartner’s “Forecast: Enterprise Infrastructure Software, Worldwide, 2018-2024, 3Q20 Update", the BPMS market is expected to reach USD 2. 9-billion value by 2024 at a CAGR of 3. 8% over 2020-2024. What Is Special about BPMN in Banking and Finance? In these industries, it has the highest chance to transform the experience of teams and customers by streamlining the frontend and backend processes and driving continuous innovation at affordable costs.   Banks and fintechs elbow their way through tough competition, huge reporting, lots of legislation requirements, and disconnecting workflows. Business process management and intelligent automation are actively used in financial services providers to cut costs, boost productivity, and make the workflow more efficient and agile. BPM software in financial organizations According to their needs, BPMS helps financial institutions model processes orchestrate them, and rapidly direct workflows according to process models. The BPM objective is to make sure the company’s operational and business process infrastructure is effective. Also, BPM engine implementation simplifies complicated workflows that lead to bottlenecks and may negatively impact customer...

---

### Checklist of Essentials & Nice-to-Haves for Loan Servicing Platform

> Modify your lending platform for high-performing servicing. Check the key features and must-haves for lenders which would work for your business perfectly.

- Published: 2021-04-06
- Modified: 2025-04-05
- URL: https://hesfintech.com/blog/must-haves-for-loan-servicing-platform/
- Categories: FinTech

The decision of updating an outdated loan servicing platform or purchasing a new one is based on pure mathematics. If its performance is low, while the operating and support costs are ever-growing if the business processes lack automation and the customer churn is increasing — it’s time for a replacement.   Vendors want a platform that streamlines the loan management pipeline, provides regulation compliance and system configurability. All that reduces operating costs and brings faster time to value. Configurable lending software allows banks and financial institutions to modify the system according to their proprietary business practices. Nice-to-Haves for Lending Software It seems easy to select the proper solution, but in fact, it is always a massive undertaking for lenders. The main objective of writing this article is to help lenders select their custom set of features and implementation options a high-performing loan origination platform. Calculation module HES lending platform functionality includes an automatic calculation module and a product engine. Users can create a range of loan products with the help of convenient automatic calculations for various credit types, for example, by the interest accrual type or by the early repayment terms. It is important that the calculation engine is flexible and can be configured to the customer’s needs.   Product engine The product engine allows creating new loan products or to edit the existing ones in a few clicks. In the back-office users can set limits for each loan type: the amount from A to B, the term from X...

---

### Payment Gateway Integration in Lending: How to Choose Once for All

> In digital lending, a reliable payment gateway system is the basis of successful work. Let's shed the light on tips for choosing payment loan software.

- Published: 2021-03-30
- Modified: 2024-11-22
- URL: https://hesfintech.com/blog/lending-payment-gateway-integration/
- Categories: FAQ, FinTech

Payment gateways have made the digital transformation of lending possible. While the first “online” lending application appeared in 1985, credit-granting became fully digital and widely available only with the rise of PayPal, Amazon Pay, Stripe, etc. Since the payment gateway is the most important integration with the lending software, the right choice of its vendor remains fundamental to the company's success.   In this article, we’re going to explain what things to consider while choosing a payment gateway, how much you can expect to pay for one per month, and review the top world payment solutions. Read also Checklist of Essentials & Nice-to-Haves for Loan Servicing Platform Why Embedded Payments in Lending Are a GamechangerAccording to projections, the alternative lending industry is expected to exhibit a compound annual growth rate (CAGR) of 0. 9% between 2020 and 2023, leading to a total market size of approximately US$34,399. 9 million by 2023. This means that the alternative lending market is going to beat all records in the annual growth rate terms. And the goal of any lender is to provide appropriate and flexible payment methods — mainly digital — to users to win over the booming competition. According to surveys by Statista, the total transaction value in the digital payments segment is forecasted to reach over $6 million in 2021 and up to $11 million by 2025 showing an annual growth rate of 12%. Considering digital transactions worldwide, borrowers are more willing to use digital and mobile wallets — over 40%,...

---

### HES FinTech Announces Partnership with Ondato for Seamless Digital Onboarding

> HES FinTech and Ondato announce a strategic tech partnership to deliver seamless onboarding experience to lenders, credit unions and banks.

- Published: 2021-03-24
- Modified: 2023-02-20
- URL: https://hesfintech.com/blog/hes-fintech-and-ondato-partnership/
- Categories: News

HES FinTech provides digital lending solutions, while Ondato is a large European software vendor that offers compliance management related to digital identity verification and KYC. In March 2021, the two companies announced the start of their strategic partnership. The main goal is to help banks and financial institutions digitally transform their legacy software and make lending safe, automatic, and profitable.   The technical integration and market experience exchange will become possible due to the same business domain and complementing services. Background HES lending software helps companies automate their loan origination and loan management for consumers and SMEs, in POS lending or P2P lending marketplaces. The core mission of HES is to make lending available to more end-customers. The company develops end-to-end solutions or automates certain stages:  Web applications Customer portals AI-based risk management Technologically advanced back-office Dashboards and reports In-built CRM and marketing modules, and more. Ondato compliance management solutions include identity verification by photo and video, KYC, data screening and monitoring, due diligence, and risk management. The main goal of Ondato is to design a straightforward and secure KYC compliance. The startup delivers its software to lenders in order to help banks and financial organizations establish a seamless compliance check. Why this Tech Partnership Is Worth Attention? The strategic partnership of HES FinTech and Ondato is great news for their customers and major support for the software industry trend for gathering efforts to deliver better products. HES and Ondato make the first steps to the fintech one-stop-shop: financial services...

---

### How Fintech Is Evolving In 2021

> Good news for the fintech industry: the 2021 predicted financial market recession is turning out not to be as bad as previously estimated.

- Published: 2021-03-18
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/how-fintech-is-evolving-in-2021/
- Categories: FinTech, Trends

Good news for the fintech industry: the predicted financial market recession is turning out not to be as bad as previously estimated, while the previous-year investment in digital transformation start bringing tangible benefits.   In the article, Dmitry briefly covers the recent statistics on digital banking use in the US and the digitization of brick-and-mortar banks in the UK and Germany. They close hundreds of branches and optimize the ratio of online VS offline presence.   He includes examples of introducing new features at neobanks that rapidly react to market changes and comments on the growing cryptocurrencies rate.   Other points of growth for the fintech market are: the expanded AI and ML use in fraud detection, process optimization, credit scoring, and customer relationship management. the area of digital lending, especially P2P lending platforms accessible finance and financial literacy contactless payments Read the full article on Forbes: HOW FINTECH IS EVOLVING IN 2021 2021 is a promising year for fintech initiatives, investments, and startups. If you are there with an idea of a lending business, the HES FinTech team is there to help. Contact us for more information.

---

### Credit Scoring Integration: How to Upgrade Your Loan Origination Software

> Integrating credit scoring systems with your loan origination software helps make smarter decisions automatically. Find out how right here.

- Published: 2021-03-16
- Modified: 2025-04-05
- URL: https://hesfintech.com/blog/why-lending-software-needs-credit-scoring-upgrade/
- Categories: FinTech, Ideas

When re-thinking your loan origination process, it’s vital to update or to integrate a credit scoring solution. In this article, we are going to provide you with the benefits of innovative credit scoring integration and having access to credit scoring analytics. Are there ways to improve your current approach to application management to avoid bad loans and improve the process? Is that true that without making the most of traditional and alternative credit scoring, you could find yourself overwhelmed by bad loans and fail to meet regulatory requirements? Let’s find out.   Integration of Various Credit Scoring Approaches They say knowledge is power, and that’s precisely what a credit scoring system is. The credit scoring approaches and software have become a lot more sophisticated in the past few years. Leaving traditional statistical techniques in the past, the financial industry adopted AI and ML algorithms with intriguing definitions, like random forests, gradient boosting, or deep neural networks. It helped to expand the data types applicable for credit scoring models and AI-based decision-making. 4 Reasons to Consider AI-based Credit Scoring for Your Lending System Better financial inclusion and accessibility of loans A few years ago, World Bank stated that almost two billion adults worldwide didn’t have a basic bank account, while 200 million micro, small and medium enterprises (MSMEs) in emerging economies lacked financing due to being thin-filed or having not enough collateral. If that sounds surprising, imagine over 90% of adults in developing countries have difficulties financing debts at traditional financial...

---

### How Banks & Finance Companies Can Digitally Transform Loan Origination Process

> How credit is given is changing. Here're five loan origination process steps to transform your digital business with HES FinTech.

- Published: 2021-02-26
- Modified: 2024-11-22
- URL: https://hesfintech.com/blog/how-to-upgrade-loan-origination-process/
- Categories: Banking, FinTech, Ideas

The way your clients borrow is changing. The COVID-19 pandemic proved that no person or business is immune to volatility. For borrowers, this meant an increase in both personal loans and business credit as a means to stay afloat during the crisis or even capitalize on new market opportunities. For lending providers, this meant adapting and learning how they can optimize their performance without significantly increasing their risk during these troubling times. And the best place to start is at the beginning with loan origination software. Loan origination software is the first step in the loan management process. Getting it right sets the tone, and risk level, for the entire loan funnel. Encompassing client onboarding, decision-making, document management, reporting, and more, it is an essential tool that any lending provider should have.   Read alsoBack Office Automation in Digital Lending: Top Core Process Improvement IdeasMultichannel Lending Software: How to Grow Loan Portfolio with Multi Lender Platform 3 Reasons to Transform Your Loan Origination System In 2020, the digital lending sphere was estimated to grow by 11% CAGR, showing an increase in demand not only for lending but for efficient digital services. Here's why you need to place updating your credit union or bank loan origination software in the first place: Customer service We said it before, and we'll say it again, the demand for seamless digital services is increasing. Clients expect simplicity, speed of service, personalization, and control in loan origination processes. By undergoing digital transformation you get a chance...

---

### Multichannel Lending Software: How to Grow Loan Portfolio with Multi Lender Platform

> Collect applications from online and offline channels with HES FinTech solutions. We compared multi channel vs omni channel to help you choose the side.

- Published: 2021-02-24
- Modified: 2024-11-22
- URL: https://hesfintech.com/blog/omni-channel-vs-multi-channel-lending/
- Categories: FinTech, Ideas

We live on tick and that’s OK. Almost everyone takes out loans to, basically, enjoy life today. But this causes enormous competition in the lending market that only omnichannel banking companies are able to withstand. So there come several questions for lenders — isn’t a multi money lending software enough anymore, what’s the odds between omni vs multi channel, and how to drive omni channel customer engagement to outperform each competitor? In this article, we decided to focus on two main things attracting modern borrowers and turning them into loyal users — multi channel customer experience and omnichannel customer engagement. We’ll tell the difference between multichannel and omnichannel, show how to use the approaches to grow your loan portfolio, and explain why omni channel banking benefits are a must for digital business. After a critical decline in demand for loans in 2020 due to the Covid crisis, this year promises to be very successful. Many experts including the Mortgage Bankers Association already predict impressive growth in demand for various loans. Only US mortgage volumes are expected to top $2. 75 trillion in 2021. While other experts including Chris Whalen of Whalen Global Advisors believe that it’s possible to do $3 to $4 trillion this year.   Considering car loans, consumers are expected to loan up to $7. 40 million in comparison to $6. 46 million in Q2 2020.   Lenders expect to gain $4. 22 million on personal loans in Q2 2021 against $2. 60 million the last year. To...

---

### Digital Transformation: What The Future Holds For Traditional And Alternative Lenders

> This Forbes article Dmitry makes a brief lending market trends overview. He also highlights general and specific to-dos for incumbent banks and lending fintechs.

- Published: 2021-02-18
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/digital-transformation-of-traditional-and-alternative-lending-banks-fintech/
- Categories: FinTech, Trends

The digital lending market is expected to see an 11. 9% CAGR from 2020-2025. However, the key question for alternative lenders and traditional providers is: how to grow along with the industry? In this Forbes article, Dmitry Dolgorukov provides a brief lending market trends overview. Along with that, he highlights general and specific to-dos for both incumbent banks and lending fintech companies.   How to make sure your digital transformation strategy is relevant as finance is becoming dramatically more accessible? How to take most of what self-service trends offers? In which aspects it’s worth investing in AI and ML for traditional and alternative lenders? How to benefit from increasing financial literacy in your clients? The answers to these and other questions are in the article by Dmitry on Forbes Finance Council: DIGITAL TRANSFORMATION FOR TRADITIONAL AND ALTERNATIVE LENDERS Check out our blog for more valuable advice in the digital transformation of lending.  

---

### Fintech, AI & ML: What you need to know in 2021

> The use cases of AI and ML vary from cost reduction to fraud detection, Robo-advisors, process optimization, credit scoring, security, and customer service.

- Published: 2021-02-12
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/fintech-ai-ml-in-2021/
- Categories: FinTech, Trends

Artificial Intelligence and Machine Learning are reinventing services in most industries, including financial technology: from core processes to customer-facing presentations. Our GiniMachine AI-based decision-making startup is just one of the examples. Tech researchers note that in 2019, the use of AI in Fintech was close to $6. 7 billion, the figure was expected to grow almost 4-fold. So far, the predictions look realistic.   The use cases of AI and ML vary from cost reduction to fraud detection. Other use cases include Robo-advisors, process optimization, credit scoring, security, and customer service. These aspects are covered in the new article by HES FinTech, published on ITProPortal, a popular technology news source. Check out the full article. FINTECH, AI AND ML: WHAT YOU NEED TO KNOW IN 2021 Check out our blog to learn more about financial services and technologies.  

---

### Customer Experience in Digital Lending: 5 Onboarding Best Practices

> Reduce churn rates by providing exceptional banking experience. Reach out to onboarding best practices by HES FinTech to outperform your competitors.

- Published: 2021-02-09
- Modified: 2024-07-19
- URL: https://hesfintech.com/blog/customer-onboarding-in-digital-lending/
- Categories: FinTech, Ideas

In 2021, the digital lending market was valued at $10. 7 billion. It is expected to grow at a compound annual growth rate (CAGR) of 13. 8% from 2022 to 2026 and reach $20. 5 billion by 2026. Today banks and lenders meet a challenge — digital borrowers expect the onboarding process and credit-granting to be fast and easy. However, digital borrowers have a completely different attitude toward banking services. If they are incomplete with the company's representative behavior, response time, website navigation, or anything else, they leave the page going to another domain. So it’s much more difficult to keep them connected and their expectations are often much higher. Following the latest stats, 67% of customers claim that a bad experience is a primary reason for churning. Good experience in online lending is an important aspect to meet the demands of every customer and retain them. Banks and lending organizations need to utilize tech-savvy digital onboarding solutions to deliver a great experience online. Companies addressing it see almost two times higher annual growth in customer retention and lifetime value than other businesses. Read alsoMultichannel Lending Software: How to Grow Loan Portfolio with Multi Lender PlatformTop 9+ Ideas for Marketing Automation in Lending Digital Lending Drivers: Impact of Millennials & Gen Z Digital lending has been a global phenomenon over the past years. Increasing consumer demand for online services gave rise to lots of alternative lenders. A huge marketplace made business owners understand the significant importance of customer experience as...

---

### 11 Finance Experts Predict Big Changes Coming To The Banking Industry

> The changes in the tech climate impact the banking industry. HES FinTech CRO Dmitry Dolgorukov was interviewed by Forbes along with the top C-level leaders.

- Published: 2021-02-05
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/11-finance-experts-predict-big-changes-coming-to-the-banking-industry/
- Categories: FinTech

The changes in the tech climate inevitably impact the banking industry. HES FinTech CRO Dmitry Dolgorukov was interviewed by Forbes along with the top C-level leaders.   The editorial team asked Forbes Finance Council professionals about procedures and regulations that are likely to change in the banking industry in the coming years. The answers include going online, expanding the services and digital currencies, the rise of open banking, a focus on security, and more.   Dmitry Dolgorukov is expecting tech-driven simplification of the banking industry: “The biggest change that’s happening is a move toward simplicity. Fintechs help create a healthy competitive environment, pushing banks to transform. People will always need financial services and financing; however, banks are going to have to chase clients, not vice versa. They will need to simplify their documentation, implement automation, speed up applications and onboarding, offer improved customer journeys and refine marketing to stay alive,” — he says.   Find out more details in the new article for Forbes: 11 FINANCE EXPERTS PREDICT BIG CHANGES COMING TO THE BANKING INDUSTRY Get insights from the world of banking and fintech. Find out more trending topics on our company’s blog and subscribe to our email updates.  

---

### Forbes Council: Thriving Post-Pandemic. A Strategic Cost Reduction

> There are two options: cutting the expenses to save now or investing in technology and automation to save later. Learn more about the ways businesses search for alternative solutions, risky and cautious investments, and cost reduction tips your competitors may already be using.

- Published: 2021-01-22
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/forbes-council-thriving-post-pandemic-a-strategic-cost-reduction/
- Categories: FinTech, Interviews

The pandemic is not over, however, it’s high time that financial market players considered new ways of cost reduction to keep their businesses safe and sound or even flourishing. In this article, Dmitry Dolgorukov, the Co-Founder and CRO at HES FinTech, shares ideas about cost reduction in finance. As you know, there are two ways: cutting the expenses to save now or investing in technology and automation to save later. Learn more about the ways businesses search for alternative solutions, risky and cautious investments, and cost reduction tips your competitors may already be using. Find out more details in the new article for Forbes:   THRIVING IN PANDEMIC: A STRATEGIC COST REDUCTION Read the new article to be aware of all digital trends in the financial sphere. Discover more insights on alternative lending in our blog.

---

### HES FinTech Is in Top 3 Loan Origination Software Companies by GoodFirms

> Discover how HES FinTech has appeared among the top 3 loan origination software companies according to GoodFirms - B2B research and rating platform.

- Published: 2021-01-19
- Modified: 2025-03-14
- URL: https://hesfintech.com/blog/hes-fintech-among-goodfirms-best-loan-origination-software/
- Categories: News

The HES team is ready to share great news — our loan origination software is among the top three according to GoodFirms.   GoodFirms is an outstanding B2B platform that researches the market and connects service seekers with the leading companies from various business domains. It publishes independent ratings and reviews of companies and developers following high-class methodologies. GoodFirms has over 60,000 companies and software listed and has received 30,000+ reviews from customers and service seekers. The company helps thousands of businesses in finding the right software services and companies yearly. GoodFirms is quality, reliability, and ability.   It’s the first time for HES FinTech to be on the list of the best loan origination software companies at GoodFirms. We're proud to have our achievements appreciated. Armed with up to nine years of experience in the lending domain, we strive to enhance our knowledge and keep following the latest development trends and approaches. There is always a room to grow, we’ll analyze the feedback from each of our clients to make HES’ services even better.   Find out more details at EIN Presswire: BEST DEBT COLLECTION, LOAN ORIGINATION & SERVICING SOFTWARE IN 2021 Looking for digital transformation experts? Explore our lending software services and get in touch with HES’ support team to innovate the business.  

---

### Forbes Council: FinTech Trends To Look Out For 2021

> 2021 is marked with the ongoing “fintechization” of businesses and services. Dmitry Dolgorukov proves that Covid-19 has started a global fintech revolution.

- Published: 2021-01-05
- Modified: 2024-07-19
- URL: https://hesfintech.com/blog/forbes-council-fintech-trends-2021/
- Categories: FinTech, Interviews, Trends

2021 is already marked with the ongoing “fintechization” of businesses and services. As Dmitry Dolgorukov, the Co-Founder and CRO at HES FinTech, claims the Covid-19 pandemic challenged the world making a way for the fintech revolution. In 2021 companies will be focused on building a modern and more engaging customer experience via dedicated services. That will be automated lending and digital banking, AI risk prediction, plenty of payment options in mobile apps, and a path towards cashless economy. Following the fintech trends, businesses get a chance to withstand an intense competition at the time of crisis and gain more loyal customers. Find out more details in the new article for Forbes: Fintech Trends to Look Out for 2021 Keep up with the fast-developing world, read the article to level up your business making it digital-friendly. Find out more insights on fintech in our company’s blog.

---

### Dmitry Dolgorukov, Founding Partner & CRO at HES FinTech: How the Crisis Makes FinTech Thrive

> Startup.info got an interview with Dmitry Dolgorukov, Co-Founder and CRO at HES FinTech, about the Covid-19 pandemic, HES, and online lending innovations.

- Published: 2021-01-04
- Modified: 2024-07-19
- URL: https://hesfintech.com/blog/how-crisis-makes-fintech-thrive/
- Categories: Interviews

The best way to withstand the crisis is to share your experience and support each other. To help the SME sector thrive, Startup. info got an interview with Dmitry Dolgorukov about the pandemic, HES FinTech, and online lending innovations. The year 2020 was challenging for HES, yet it united our team even more and boosted digital transformation, what cannot but please us. Dmitry notes that remote work proved its effectiveness, indeed, having increased staff productivity. Besides, we were able to hold out without layoffs – that’s what we are also proud of. Our Co-Founder also gave a word on how HES FinTech innovates and what business plans we have for the upcoming years.   Reach out the full interview on Startup. info: How the Crisis Makes Fintech Thrive Discover more about HES, fintech innovations, and loan software in our blog. Need more? Contact us to get insights into our products.

---

### Generations Online Banking: How to Adapt Lending for Boomers, Millennials & Gen Z

> Adapt the business for Millennial lending and Z bank. Read the research by HES on how to create new generation banking to be in demand among generations.

- Published: 2020-12-30
- Modified: 2024-07-19
- URL: https://hesfintech.com/blog/how-to-adapt-lending-for-generations/
- Categories: Banking, FinTech, Ideas

Strong customer relationships drive sales and business growth, Millennial customers say. But how to get through to your clients in a banking domain? Actually, there is no difference between e-commerce’s approach and new generation banks’. You need to know who your customers are, how old they are, and how the banking habits among ages and generations may vary.   Being digital transformation drivers, we decided to discover the financial habits of dominating generations — Millennials, Baby Boomers, Generations Z, and X. There’s a great difference between Generation Z banking, Baby Boomer’s lending, and Millennials banking. In the article, we will prove why online services are a must for financials and why brick-and-mortar banking might lose its competitive advantage in several decades. There is also a short guide on how to adapt your company’s approach to any generation, including Z bank, that can help your business flourish in the future. Read alsoHow Fintech Is Changing Banking and Financial ServicesWhy Digital Lending is More Powerful than Ever Gen Z vs Millennials vs Boomers vs Forgotten Generation: Who are they? Scientific discoveries, political conflicts, and entertainment build the behavioral habits of generations. Analyzing their birth dates, we can already assume what habits will define each generation. We decided to cover four generations to compare them a bit later and prove the increasing significance of online services and the Internet in the following decade. Baby Boomers  Baby boomers are people who were born between 1946 and 1964. The generation refers to people born after...

---

### HES FinTech: the 2020 Year in Review

> The year 2020 was challenging. Yet we want to sum up our achievements and looking forward to reaching new goals in the upcoming year. Happy Holidays!

- Published: 2020-12-28
- Modified: 2025-03-14
- URL: https://hesfintech.com/blog/hes-fintech-2020-in-review/
- Categories: FinTech, News

We would be happy to start this post by saying how exciting this year was. We'd love to share statistics of our skyrocketing growth, boast new products launch, or post photos from top industry events.   Yet, this year the indicators of success are different. There is no need to say how tough 2020 was for many businesses, including us and dozens of our customers. The good news is: such challenges push us to meditate upon our goals, mission, and approach to business. Key Takeaways from 2020 by HES 1. We are proud to keep our team and to support their health and wellbeing without compromising teamwork effectiveness. 2. We are happy our clients are with us. What’s more: we are encouraged by their growth and ambitious goals for the upcoming year. 3. We are honest to admit that instead of impressive expansion, this year gave us a chance to re-evaluate the priorities and show how flexible we can be. The year 2020 is a reminder for all of us that it is actually people and their ideas to have the greatest value. While the numbers, percentages, and titles will always remain complementary. Now Some of Our Achievements At the beginning of the year, the HES FinTech and the GiniMachine AI team met in person with 2,600 fintech professionals at the Paris Fintech Forum in Paris on January 28-29. The event is considered the most exclusive digital finance & fintech conference in Europe.   This year HES received the AWS...

---

### Forbes Council: Online Lending Is Holding Better Than Expected. Here’s Why

> The Covid-19 proved a driver for alternative lending. Dmitry Dolgorukov in his article for Forbes shows that 2020 is the year of loan management software.

- Published: 2020-12-14
- Modified: 2022-12-28
- URL: https://hesfintech.com/blog/forbes-council-online-lending-during-covid19/
- Categories: FinTech

The Covid-19 pandemic proved a driver for alternative lending solutions. Dmitry Dolgorukov, the Co-Founder and CRO at HES FinTech, notes that 2020 is a milestone in history when alternative lending becomes an essential business tool.   The pandemic, ironically, pushed the value of digital lending. Businesses opt for alternative solutions aimed to reduce expenditure and facilitate routine operations. While traditional brick-and-mortar banks might consider such investment “risky”, alternative lenders take advantage of a new fintech trend. Hence, one business outperforms competitors, the other is on course towards collapse.   Find out more details in the new article for Forbes: Online Lending Is Holding Better Than Expected. Here’s Why Read the new article to be aware of all digital trends in the financial sphere. Discover more insights on alternative lending in our blog.

---

### Loan Management Software: What You Need to Know

> Offering digital solutions for lending providers is increasingly becoming a need, not a want. Find out all you need to know about loan management software.

- Published: 2020-11-26
- Modified: 2025-04-03
- URL: https://hesfintech.com/blog/loan-management-software/
- Categories: FinTech

The way lending is done is changing. Forget about those strict suit and tie meetings in a brick and mortar bank. No, nowadays, that loan application is increasingly more likely to be processed from behind a screen. But what does that mean for lending providers? The simple message is adapting digital loan software is no longer a want. It’s a must. That said, what solutions are out there for businesses? Here we’ll help you get to grips with all you need to know about loan management software. Read alsoNext-Gen Core Banking and Digital Lending: How Banks Update Their SoftwareWhat Is BPM & How Can It Boost Your Lending Automation? What Is Loan Management Software? Loan Management System: Essential Features & RequirementsFirst things first, what is a loan management system? Essentially, it is a piece of technology or software that allows your business to complete a range of processes related to loans and lending. Let’s consider which solutions loan management software includes.   Origination Loan origination software is all about the processes your business undertakes before you issue a loan. Consider it the preparation step. This covers everything from document management to creating a tailored product engine, client onboarding, and decision-making, and finally, reporting and statistics. Getting your ducks in order with origination means that you are best equipped at the very start to issue loans and less likely to make mistakes. Servicing Now that you’ve onboarded a client and issued a loan, the work doesn’t stop there. Loan servicing software...

---

### Forbes Council: Banking, Fintech And The Second Pandemic Wave: What's Next For 2020?

> Digital transformation is a solution to survive during the 2nd pandemic wave. Dmitry Dolgorukov statistically proves it and shares how top-notch solutions protect lenders.

- Published: 2020-11-12
- Modified: 2022-12-28
- URL: https://hesfintech.com/blog/forbes-council-banking-and-fintech-during-the-second-pandemic-wave/
- Categories: Banking, FinTech, Trends

The second pandemic wave is here, so you have a little while to protect the business from a crash. How? Dmitry Dolgorukov, the Co-Founder and CRO of HES FinTech, believes that digital transformation is a must for the banking and financial sectors to survive this year.   The 1st wave showed the efficiency of top-notch technologies for business. Many companies like Visa or Mastercard focus on the increased needs of their customers and employees and go online. Remote working and risk management tools, lending solutions, bank software, and others allow not only to withstand the challenge but also to benefit from it. So, Covid-19 has already changed our world making internal digital processes a part of our day-to-day routine.   Find out more details in the new article for Forbes: Banking, Fintech and The Second Pandemic Wave: What's Next For 2020? Read the new article to be ready for the second pandemic wave. For the latest insights on the lending industry, visit our company’s blog.

---

### HES FinTech and Canadian Lenders Association Partnership

> HES FinTech, and the Canadian Lenders Association (CLA) today announced a strategic partnership to support the growing Canadian lending community.

- Published: 2020-10-05
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-fintech-and-canadian-lenders-association/
- Categories: News

Lithuania, Vilnius — HES FinTech, and the Canadian Lenders Association (CLA) today announced a strategic partnership to support the growing Canadian lending community. As part of this alliance, HES FinTech becomes an approved CLA vendor and is recognized as a trusted brand that provides innovative loan management software. HES Fintech offers deep domain expertise and has a portfolio of successfully accomplished lending projects worldwide. As a result, this partnership will enable more Canadian lenders to leverage HES FinTech’s lending platform to drive successful digital transformation and automation initiatives. HES FinTech is committed to delivering a cutting-edge loan system in Canada, designed to meet the specific needs of Canadian lenders as they navigate the evolving financial landscape. We are excited to join the Canadian Lenders Association and expand our presence in the Canadian market. Our mission is to foster digital lending transformation and provide lenders with state-of-the-art software. We believe that this partnership reduces the barriers for innovative lending companies, enabling their business growth, and reducing their time-to-market. Ivan Kovalenko Co-Founder and CEO of HES FinTech We are excited to welcome HES FinTech as a member of the CLA and an Approved Vendor. HES FinTech has demonstrated a strong record of providing innovative fintech services to lenders globally. We look forward to working with HES to help lenders drive digital transformation that promotes transparency and fosters responsible and ethical lending practices nation-wide. Gary Schwartz President of the CLA About HES FinTech HES FinTech is a financial software vendor and technology consultant....

---

### How Fintech Is Changing Banking and Financial Services

> The financial sector is changing. Brick and mortar institutions are giving way to new Fintech solutions. These are reshaping the very way we do finance.

- Published: 2020-08-25
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/how-fintech-is-changing-banking-and-financial-services/
- Categories: Banking, FinTech

The financial sector is changing. Brick and mortar institutions are giving way to new Fintech solutions. These are reshaping the very way we do finance. According to Goldman Sachs, around $4. 7 trillion of traditional financial sphere revenue could be disrupted by the Fintech industry. Compared to their estimates that the overall size of the financial markets is set to hit $26. 5 trillion in 2022. This makes it a force to be reckoned with. But what is Fintech exactly, and how will it affect and reshape the ways we do finance? Read alsoDigital Loan Origination Process: Integrity and AutomationLoan Management Software: What You Need to Know What is Fintech? First, let’s look at what Fintech is precisely. Fintech or financial technology is a broad name for a range of innovative financial services. Generally, we can divide these into the following categories: Payments systems that allow users to send and receive payments (PayPal, Apple Pay, etc. ) Digital banking solutions that help business and personal clients to manage their money (Ally, American Express, Barclays, etc. ) Insurance, aka. InsurTech covers everything from car insurance to home insurance and everything in between to deliver a new way to insure yourself and your property Loan Management System Trends: AI, Security & Compliance in 2023Lending solutions upgrade the traditional way lending was done by offering smart solutions to lenders and clients (HES Fintech) Investment software and Robo-advisors help their clients invest their money in everything from stocks and shares to cryptocurrency. Robo-advisors advise...

---

### Forbes Council: How AI Revolutionizes Farming And What The Future Holds

> Dmitry Dolgorukov, the Co-Founder and CRO of HES FinTech, continues his series of articles for Forbes Finance Council. In case you’ve missed the first

- Published: 2020-08-18
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/forbes-council-how-ai-revolutionizes-farming/
- Categories: FinTech, Industries

Dmitry Dolgorukov, the Co-Founder and CRO of HES FinTech, continues his series of articles for Forbes Finance Council. In case you’ve missed the first two, no worries, here they are - What The Pandemic Has Taught The Lending Industry and AI In Lending: Fad Or Future? In his recent article - How AI Revolutionizes Farming And What The Future Holds - Dmitry reflects on the future of artificial intelligence in farming. In the decades to come, the use of artificial intelligence in agriculture will have the greatest impact on every person on earth. AI-driven systems will be able to calculate the optimal temperature and humidity conditions, the composition of fertilizers, the necessary agrotechnical operations, and this will significantly increase the efficiency of the farming industry. We invite you to read the full article for more details. You might also like to get the latest insights on the lending industry in our blog.  

---

### How Automation Improves the Debt Collection Process

> The COVID-19 pandemic announced by the World Health Organization in March this year changed the way the global financial system has been operating for

- Published: 2020-06-10
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/how-automation-improves-debt-collection/
- Categories: FinTech

The COVID-19 pandemic announced by the World Health Organization in March this year changed the way the global financial system has been operating for years. Along with other business domains, the lending market has entered the mode of adaptation and (sometimes) uncertainty. However, the incomes of both citizens and companies will most likely decrease, despite the efforts of European governments or the CARES Act in the US. What this basically means is that the demand for credit will be higher than ever. Crisis or not, businesses still need funds to operate, and people still resort to loans. In light of the pandemic, the work of the collection sector will also change - there’s a strong probability that borrowers will expect difficulties in returning funds than they did, say, three months ago. Therefore, lenders must rearrange their processes to avoid possible defaults and further complications with debtors.   In its abundance in the market, automated debt collection solutions minimize sometimes inevitable losses. Widely used in various industries, automation offers tools that significantly improve the collection process leaving no room for human error. Ideally, a digital collection center represents a kind of an online portal that sends emails and makes calls in a fully automated mode. Read alsoHow Loan Automation Maximizes the Efficiency of Lending ProcessTop 9+ Ideas for Marketing Automation in Lending What is a Proper Debt Collection System? If you want a quick answer, well, it’s the one that solves the goals of debt collection automation. Let’s dive in detail,...

---

### Meet HES FinTech People: the Interview with Maria and Tanya

> Maria Nemogai and Tanya Hancharuk are a vital part of the Business Development department at HES FinTech. In this interview, they will discuss the current

- Published: 2020-06-02
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/meet-hes-fintech-people/
- Categories: Interviews

Maria Nemogai and Tanya Hancharuk are a vital part of the Business Development department at HES FinTech. In this interview, they will discuss the current situation in the lending market, talk about clients, and share their vision on where the market is heading right now. There is an opinion that out-of-the-box solutions do not support the growth of a lending business in the long term. Do you agree with this statement? Maria: I dare say - yes.   For the majority of countries around the world, lending business is not something unusual. Even in developing countries, there are lots of alternative lenders coming to get their piece of the pie. So if you’re not a monopoly, you cannot just continue getting clients by the fact of your mere existence.   You have to be different, flexible, and ready for different situations - like this one we experience right now with the COVID-19 pandemic. I guess ‘out-of-the-box’ solutions are a great fit for some companies to test the ground. But those who want to, so to speak, successfully test the Lunar or even Martian surface, they go and build very specific tools for that. They go from Zero to One, as Peter Thiel said.   Tanya: I agree. Lenders should be unique and have an edge to compete with other lenders. It’s all about the ability to make quick adjustments to meet borrowers’ requirements and, what is more important, comply with the requirements of the Central bank or any other authority....

---

### The Pros and Cons of Starting a Peer-to-Peer Lending Business

> Modern markets in almost any domain are highly-competitive and it takes a lot to stand out from the competition, especially for small businesses and

- Published: 2020-05-27
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/the-pros-and-cons-of-peer-to-peer-lending-business/
- Categories: FinTech

Modern markets in almost any domain are highly-competitive and it takes a lot to stand out from the competition, especially for small businesses and startups. SMEs and entrepreneurs require funds to develop their marketing strategies and introduce new operations on a constant basis.   Ironically enough, despite being a vital part of the global economy, those businesses are often overlooked by banks when it comes to business loans. For them, the process of raising funds turns into a real headache. For instance, Canadian banks require 32 pieces of information from SMEs to apply for credit, and still, a whopping 78% of loan applications are denied. Individuals whose credit score doesn’t look good through the lens of traditional scoring methods experience the same difficulties as well. Hopefully, a sacred place is never empty, and the expansion of alternative lending has changed the lending scenery for good. As of 2020, more than 126 million Americans were utilizing peer-to-peer (P2P) lending applications. Based on research conducted by LendingTree, it was found that 84% of consumers have experimented with P2P lending, with 44% of them using it on a weekly basis. Such a new approach in loans as P2P (peer-to-peer) lending bridges the financial gap, and now it is one of the most popular trends in the domain of lending. The Essence of P2P lending P2P lending is the provision of funds to individuals or legal entities through specialized online loan sites (P2P platforms) without direct mediation from the bank or other traditional financial...

---

### Dmitry Dolgorukov Accepted into Forbes Finance Council

> Dmitry Dolgorukov, the co-founder and CRO of a recognized lending software provider HES FinTech, has been accepted into Forbes Finance Council, an

- Published: 2020-05-13
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/dmitry-dolgorukov-into-forbes/
- Categories: News

Dmitry Dolgorukov, the co-founder and CRO of a recognized lending software provider HES FinTech, has been accepted into Forbes Finance Council, an invitation-only community for executives in accounting, financial planning, wealth and asset management, and investment firms. Dmitry Dolgorukov was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors.   As an accepted member of the Council, Dmitry has access to a variety of exclusive opportunities designed to help him reach peak professional influence. He will connect and collaborate with other respected local leaders in a private forum. Dmitry will also be invited to work with a professional editorial team to share his expert insights in original business articles on Forbes. com, and to contribute to published Q&A panels alongside other experts.   Finally, Dmitry Dolgorukov will benefit from exclusive access to vetted business service partners, membership-branded marketing collateral, and the high-touch support of the Forbes Councils member concierge team.   I’m glad to join Forbes Finance Council and contribute towards the member community. This opportunity allows me to share my experience in FinTech with Forbes readers and collaborate with the thought-leaders on the Council. Dmitry Dolgorukov About Forbes Council Forbes Council is a collective of invitation-only communities created in partnership with Forbes and the expert community builders who founded Young Entrepreneur Council (YEC). In Forbes Councils, exceptional business owners and...

---

### Digital Transformation in Banking & Finance

> Digital transformation is the solution you've been looking for. Clear up how to empower your business with digitalization, and check the issues on the way.

- Published: 2020-03-30
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/digital-transformation/
- Categories: Banking, FinTech

The Covid-2019 pandemic takes all spheres of everyday routine to the next level. Following the latest digital banking news, financial organizations are forced to transform their workflow and deliver a high customer experience. The industry professionals see salvation in digital transformation — an integral part of the global economy of tomorrow. Avoiding top-notch business approaches, banks and financial organizations risk losing customers and money. That’s because you don’t have the opportunity to work quickly and efficiently. Let’s imagine that a bank has 1,000 loan applications, and two weeks to approve or reject them, and issue loans. While its competitor implements digital solutions shortening the lending time, for example, in half. In addition, their clients won’t need to wait in lines and so on. So, who will win customers? According to Deloitte, about 30% of respondents indicate “creating digital capability” as their main strategic initiative in 2020. While 45% of companies report a positive impact of digital transformation and note higher growth in net revenue.   But what is digital banking itself? To put it briefly, the transformation introduces technology to the business processes and services of a financial institution, allowing them to deliver all their operations online. The common types of digital banking include: Account checking and management Applications for financial products Merchant cash advance services Online bill payment Business and personal loans. Digitalization offers much more than just additional channels of online banking services. Within a financial institution, digital transformation comes from the fundamental reform of internal and business...

---

### COVID-19: Response from the Founders of HES Fintech

> Dear valued customers and partners, With the rapid coronavirus outbreak, we are facing an unprecedented global situation. COVID-19 is changing everything

- Published: 2020-03-20
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/covid-19/
- Categories: News

Dear valued customers and partners, With the rapid coronavirus outbreak, we are facing an unprecedented global situation. COVID-19 is changing everything about life and work as we know it.  Like so many other companies, our top priority is the health and safety of our employees, customers, partners and the communities where we live and work. We wanted to provide reassurance that HES Fintech is continually monitoring the situation and has implemented preventative control measures.  We are following the World Health Organization (WHO) recommendations, including remote work for all employees.  Our infrastructure has been tested to adapt to these rearrangements. Everyone at HES Fintech is following protocols to maintain business performance. All of us at HES are focused on delivering products and services without disruption. We have a comprehensive pandemic business continuity program in place that is designed to maintain mission-critical operations and client services. We will keep you informed of any significant developments in our response to this situation.  If you have questions about our business continuity program, send your inquiries to info@hiendsys. com. On behalf of everyone at HES Fintech, we wish you and your families to stay safe and healthy! Thanks for your understanding.   Sincerely, Co-founders of HES Fintech Dmitry Dolgorukov & Ivan Kovalenko

---

### HES FinTech's Partner to Become Global Champion at the World Summit Award Competition

> We’re glad to announce that HES FinTech’s partner OneSoil has become the Global Champion at the World Summit Award competition in the category

- Published: 2020-03-17
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/onesoil/
- Categories: News

We’re glad to announce that HES FinTech’s partner OneSoil has become the Global Champion at the World Summit Award competition in the category "Environment & Green Energy". Held with the support of the United Nations, the conference is dedicated to digital innovations and their role in shaping sustainable social changes in the world. Congratulations, guys! With a growing catalog of free mobile and web farming apps, OneSoil contributes to the availability of AgTech services, eliminates the technological barrier and preserves the global environment. In light of this award, it’s worth reminding you that last year HES FinTech and OneSoil delivered WizeRise – an ML-powered platform for agricultural lending and insurance. The platform finds valuable patterns within the loan application process and helps risk officers make informed loan decisions. This collaborative product brings together loan management software with a platform for precision agriculture, providing a solution for faster and more reliable scoring. WizeRise aims to help lenders and farmers alike make better and more precise loan decisions boosting the global agricultural finance growth. Book a demo to get more details about the platform.

---

### HES Fintech Obtains AWS Select Technology Partner Status

> HES FinTech - a loan management software provider - has achieved AWS Technology Partner Status in the Amazon Partner Network (APN). This status

- Published: 2020-01-16
- Modified: 2025-03-14
- URL: https://hesfintech.com/blog/hes-fintech-obtains-aws-select-technology-partner-status/
- Categories: News

HES FinTech - a loan management software provider - has achieved AWS Technology Partner Status in the Amazon Partner Network (APN). This status shows that HES Fintech provides its software solutions and connectivity services in accordance with the AWS Cloud’s principles and employs AWS Certified Solutions Architect-Associates. Select Technology Partner badge highlights the company’s long-standing commitment to the AWS platform, and we are proud to join such a large and rapidly growing ecosystem. The requirements for partner qualification included going through the showcase of projects that align with the AWS’ best practices and the audit of our customers’ reviews.   Here at HES, we believe that the partnership with Amazon will accelerate product innovation and the development of new features in our projects. The use of Amazon Web Services significantly fastens the deployment of product architecture and helps to scale the product by introducing previously unavailable functions such as an increased number of processed loan applications or more complex integrations. The partnership with a market leader like Amazon is another proof of our competency. I’m certain that cloud computing is the near future of fintechs, and the AWS offers just the right level of scalability, agility, and flexibility, not to mention reduced costs and secured data for our clients Ivan Kovalenko Co-Founder and CRO of HES FinTech

---

### HES at Paris Fintech Forum 2020

> The HES Fintech & GiniMachine AI team will join 2600 fintech professionals at Paris Fintech Forum in Paris on January 28-29. The Paris Fintech Forum

- Published: 2020-01-13
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-at-paris-fintech-forum-2020/
- Categories: News

The HES Fintech & GiniMachine AI team will join 2600 fintech professionals at Paris Fintech Forum in Paris on January 28-29. The Paris Fintech Forum (PFF) is the most exclusive European annual event on digital finance & Fintech, organized by Altéir Event. The 5th edition of the Paris Fintech Forum 2020 will be hosted under the patronage of M. Emmanuel Macron, President of the French Republic.  The ambition of the event is unchanged: to be and stay the most exclusive digital finance & fintech conference in Europe. Over 150 CEOs & Senior Executives from all over the world will be in both panels & interviews. Our Business Development Executive, Tanya Hancharuk, will be among top fintech executives to talk about lending/banking automation & AI in credit scoring. Book a meeting with the HES expert at PFF

---

### HES Fintech Recognized in Canada Within a LendTech Sector

> HES Fintech recognized among the companies expanding in Canada in the category Canadian Lending Platform & Services Vendors, according to a report by

- Published: 2020-01-10
- Modified: 2025-03-14
- URL: https://hesfintech.com/blog/hes-fintech-recognized-in-canada-within-a-lendtech-sector/
- Categories: News

HES Fintech recognized among the companies expanding in Canada in the category Canadian Lending Platform & Services Vendors, according to a report by Fintech Growth Syndicate (FGS). The report gives a comprehensive overview of Canada’s FinTech space through the analysis of 995 FinTech businesses, either operating or headquartered in Canada. The report covers an overall view of the FinTech ecosystem in 10 sectors including lendtech, AI & Data, crowdfunding, blockchain and cryptocurrencies, insurtech, fi tech, and software and more. As a leader in lending management software in Canada, HES Fintech continues to provide cutting-edge solutions for financial institutions, enabling them to streamline their lending operations and meet growing demand. We are excited to be on the list of the companies expanding in Canada. The Canadian alternative lending market is growing fast. This gives us the opportunity to demonstrate our deep domain expertise and provide local lenders with loan software that 100% suit their current and future business needs. Ivan Kovalenko Co-Founder and CEO of HES FinTech The full report available here https://www. fintechgrowthsyndicate. com/fintech-executive-summary-2019/

---

### Ta Meri Group and HES FinTech Launch a Premium-Class Car Leasing Platform

> A brand by Ta Meri Finance, Luxury Cars Club & Financing is a premium-class car leasing platform that offers financing, insurance, and financial

- Published: 2019-12-06
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/car-leasing-platform/
- Categories: HES Clients

A brand by Ta Meri Finance, Luxury Cars Club & Financing is a premium-class car leasing platform that offers financing, insurance, and financial advisory services. Targeted at Cyprus and other EU citizens, the platform provides loans for purchasing cars priced from 60 thousand up to 450 thousand euros. Ta Meri approached the team of HES FinTech with a unique business idea of providing financing for luxury car purchases – the first of a kind in Cyprus. To launch the project, the client needed a robust lending solution with rich functionality. The defining strategic objective of the project was the maximum automation of lending processes.   The solution Within a few months, the specialists of HES FinTech implemented the LLC platform with the core logic and streamlined workflow and business processes.  The LCC platform offers the “one-stop-shop” approach when purchasing and financing a car. A customer can select a car, get the corresponding financing, request car services, and buy insurance in any of Luxury Cars partners' shops. The platform provides the functionality of borrowers’ acquisition, decision making, complex credit product engine with multiple features such as the calculation of monthly installments, insurance, document management, CRM, reporting, and more. The developers' team implemented both administrative and portal parts, plus conducted integrations with AWS to provide a scalable cloud-based backend. The borrowers can:  Submit a loan application form Follow the loan application workflow Use a loan calculator Business Benefits The outcome of the project is a comprehensive and personalized car leasing platform that...

---

### HES Business Travel Agenda for November

> Here at HES FinTech, November is hot because it’s full of events and itineraries. Our team just loves going places to connect with fintech professionals

- Published: 2019-11-18
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-business-travel-agenda-for-november/
- Categories: News

Here at HES FinTech, November is hot because it’s full of events and itineraries. Our team just loves going places to connect with fintech professionals from all over the world and network. So without further ado, here’s what on our travel agenda in chronological order.   19. 11  At Entrepreneurship Week, Maria Nemogai (HES Business Development Executive) gets interviewed by Bianca Lopes, an entrepreneur and speaker from Talle. The event itself is dedicated to the development of the fintech industry, as well as the future of banks and payment services. 27- 28. 11  Ivan Kovalenko and Tatiana Hancharuk (HES Business Development Executive) are going to join 3000+ of industry professionals at FinTech Inn 2019 (Vilnius), the largest and most significant international Fintech conference in the Baltic region.   Contact us

---

### HES Key Customer - ID Finance - Expands to Brazil

> ID Finance, an innovative online lender and one of HES’s key customers, has launched its service in Brazil. The push into Latin America is the part

- Published: 2019-10-23
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-key-customer-id-finance-expands-to-brazil/
- Categories: HES Clients

ID Finance, an innovative online lender and one of HES’s key customers, has launched its service in Brazil. The push into Latin America is the part of ID Finance’s ongoing strategy of expansion. ID Finance already operates in Kazakhstan, Georgia, Spain, and Poland. The company is also looking to start operation in Mexico, Colombia, and Peru. “There are many countries in Latin America with the quickly-evolving online lending environment," said Boris Batin, the co-founder of ID Finance. And we see a lot of potential demand for our products there. By launching an online lending service in Brazil we are aspiring to create a business hub and start operating across several Latin-American countries. Hence, the region has a large population and its Internet penetration rate is surging. What is more, it is geographically close to the USA, which gives us the opportunity to access the US market. ” “In today’s world of technology and connectivity, running a business in only one country is an increasingly outdated and insecure practice," said Alexander Dunaev, the co-founder of ID Finance. "It makes no sense to hope that import substitution will provide economic prosperity. But it does make sense to be engaged in export activities. We have always thought of ID Finance as an international business. Above all, we have worked hard to achieve this objective with the right infrastructure, technology platform, and a coherent expansion strategy. A key advantage of ID Finance is its own model of data analysis and assessment of credit. We also owe...

---

### Happy Birthday, HES! 7 Milestones We Are Proud Of

> 10/10/19 HES turns 7 adding one more candle to its birthday cake. Here at HES, we learn a lot considering new projects and partnerships, not to mention

- Published: 2019-10-10
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/happy-birthday-hes-7-milestones-we-are-proud-of/
- Categories: News

10/10/19 HES turns 7 adding one more candle to its birthday cake. Here at HES, we learn a lot considering new projects and partnerships, not to mention the industry events we attend each year. This way, maturity, and new experience define our business philosophy. We don’t need a further ado to say that clear and loud. Here are seven milestones we’re proud of:  From growing companies to enterprise businesses, HES lending software is trusted in 23 countries worldwide. As for now, we have 117 completed projects in the portfolio. We are growing at 60% per year, opening new offices and expanding the team - up from 15 employees in 2017 to 72 in 2019. HES’ product - GiniMachine, a full-scale credit scoring platform. A collaborative product with OneSoil - WizeRise, a unique ML-powered platform that utilizes real-time agricultural lending insights and helps risk officers improve decision-making. HES was nominated for the European FinTech Awards in the Innovative Banking Software category. Dear colleagues, you’re a significant part of today’s celebration, and you totally deserve it. Your daily efforts, talent, and commitment help strengthen HES’ position on the global fintech providers map. Together we are bold and go-getters, and that’s what defines our success. Dmitry Dolgorukov Co-Founder and CRO of HES FinTech Here’s one big shoutout to our past and current clients. On behalf of the HES team, I’d like to thank you all for being the source of inspiration for these years. Your ideas are the driving force behind our projects,...

---

### Fintuity Leverages HES Lending Platform to Boost Financial Advice Service

> Fintuity selects HES as a technology solution provider to launch a financial (robo) advisory platform targeted at UK residents. The solution provides

- Published: 2019-09-04
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/fintuity/
- Categories: HES Clients

Fintuity selects HES as a technology solution provider to launch a financial (robo) advisory platform targeted at UK residents. The solution provides personalized financial advice on investments, pensions, insurance, mortgage, and inheritance tax planning.   The platform combines machine learning algorithms with the expertise of Independent Financial Advisers (IFAs), an internationally recognised professional accountancy organization. During the video call with a client, a representative of IFA discusses the financial aspirations applied to each particular case. Following the call, the platform’s algorithms draw up the risk profile of the corresponding customer. If the client agrees with the proposed plan, Fintuity gets access to the bank account for further investment transfers via the mobile app. The current financial advisory sector in the UK lacks modern technology and is completely offline. The Fintuity platform brings new technologies such as machine learning to change this outdated paradigm. This project allowed us to show our expertise in full measure, and we’re glad to contribute to our client’s business ideas. Ivan Kovalenko Co-Founder and CEO of HES FinTech The task of HES engineers consisted in creating the whole architecture and design of the platform. The developers' team implemented both administrative and portal parts, plus conducted integrations with AWS to provide a scalable cloud-based backend. The outcome of the project is a robust machine learning-based advisory solution that eliminates the risk of poor investments. Local advisers tend to charge higher fees to compensate for the inefficiency of the UK traditional financial advisory sector. The HES team did...

---

### HES Expanding its Partners’ Network with Efma

> At HES, we believe in the power of collaboration and its ability to transform the financial industry. Today, we are pleased to announce a new partnership

- Published: 2019-08-22
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/efma/
- Categories: News

At HES, we believe in the power of collaboration and its ability to transform the financial industry. Today, we are pleased to announce a new partnership with Efma. The alliance is a strong strategic move, leveraging the companies’ respective strengths and market positions. Established in 1971, this global non-profit organisation facilitates the process of networking between decision-makers in the domain of finances. The company provides insights to help banks and insurance companies foster innovation and drive their digital transformation. Currently, over 3,300 brands in 130 countries use Efma’s services. The company is headquartered in Paris with offices in London, Brussels, Stockholm, Bratislava, Milan, Andorra, Montreal, Dubai, Istanbul, Beijing, and Singapore. Starting this year, Efma has been promoting FinTechVisor, its collaborative platform with Capgemini. FinTechVisor is an innovative platform that brings modern technology to financial institutions all over the world. The FinTechVisor portal serves as a global collaborative ecosystem for all players on the market, shaping the future of the financial services industry. Today’s announcement with the industry leader Efma is another confident step in our partnership journey. This collaboration will help us expand our partners’ network and gain more media presence. It was a pleasure to share our vision and find out that we’re on the same page regarding upcoming future projects. Ivan Kovalenko Co-Founder and CEO of HES FinTech The partnership strategically aligns with our focus on providing digital transformation globally. Here at HES, we are excited about the opportunity to cooperate with our new partners and their teams.

---

### HES and OneSoil Announce a Partnership to Enhance Agricultural Lending

> Today, HES and OneSoil announced a strategic partnership, delivering a new AI-powered platform for agricultural lending and insurance. The companies

- Published: 2019-08-15
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/wizerise/
- Categories: News

Today, HES and OneSoil announced a strategic partnership, delivering a new AI-powered platform for agricultural lending and insurance. The companies combined their businesses' expertise to deliver WizeRise – a platform that utilizes real-time agricultural lending insights and helps risk officers improve decision-making. This partnership brings together leading loan management software with a state-of-the-art platform for precision agriculture, providing a solution for faster and more reliable scoring. Born from the expert minds of HES and OneSoil, WizeRise aims to help lenders and farmers alike make better and more precise loan decisions. "This partnership leverages both companies’ resources, technologies and industry expertise. WizeRise is an unmatched, integrated solution, which we know will enable lenders to reduce operational costs and increase productivity. " Dmitry Dolgorukov, CEO of GiniMachine. "We share a joint philosophy with the HES team that puts customers’ success at the forefront of business. We are convinced that this partnership will be very fruitful for both companies and will allow us to provide agricultural lenders with the most sophisticated scoring platform. " Viacheslav Mazai, CEO of OneSoil. WizeRise is an ML-powered platform for agricultural lending and insurance. It can automatically take a holistic view of farm borrowers’ applications and find valuable patterns for decision-making. The platform takes advantages of: Years of satellite images to define and track the stages of crop development, and monitor them in real-time. Deep learning models, computer vision, IoT, and original machine learning algorithms, which enable automated real-time data processing. About HES FinTech HES develops web-based lending...

---

### HES to Participate in LendIt Fintech Europe 2019

> HES & GiniMachine representatives Ivan Kovalenko (CEO of HES) and Maria Nemogai (Business Development executive) are going to join hundreds of fintech

- Published: 2019-08-06
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-lendit/
- Categories: News

HES & GiniMachine representatives Ivan Kovalenko (CEO of HES) and Maria Nemogai (Business Development executive) are going to join hundreds of fintech professionals at LendIt Fintech Europe 2019 in London September 26-27. The conference is the world’s largest event series dedicated to connecting the entire fintech community. This year's event will gather more than 1,200 experts from companies all over Europe to network and discuss the latest industry insights. The HES team will share their expertise on how to: automate and improve business lending processes; transform traditional underwriting approaches to the cutting-edge AI-powered solution GiniMachine;  get digital in modern lending & banking. LendIt Europe is the great opportunity to connect with fintech professionals from all over the world, while discussing the latest news in lending and banking. Besides, it’s always a pleasure to meet our current and future partners in person Maria Nemogai Business Development Executive We look forward to meeting you at the event (or if you happen to be in London at that time). Connect with us to book your meeting with Maria. See you at LendIt Fintech Europe 2019! Contact Us

---

### ID Finance – Key Client of HES – Makes it to the Financial Times List

> The HES team is proud to announce that our key client and a long-term partner ID Finance has been recognized as one of the fastest growing companies in

- Published: 2019-03-18
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/id-finance-key-client-of-hes-makes-it-to-the-financial-times-list/
- Categories: HES Clients

The HES team is proud to announce that our key client and a long-term partner ID Finance has been recognized as one of the fastest growing companies in Europe. According to the Financial Times 1000 list, ID Finance is the second fastest growing Fintech company in Europe with a compound annual growth rate of 136. 8 per cent over 2014 and 2017 years. Under the brands of MoneyMan and Plazo, ID Finance provides loans to underbanked areas in Spain, Brazil and Mexico. “We are honored to be acclaimed as one of the fastest growing companies in Europe. We are constantly looking for new opportunities and investing in our future development to keep leading the way,” says Boris Batine, CEO at ID Finance. “I’d also like to mention our long-term partner HES that we worked closely for several years,” adds Mr. Batine. A few years ago, the company set an ambitious goal to enter new markets in the LatAm region and Europe - challenging in operation, yet providing ample opportunities for growth. The FT 1000: Europe’s Fastest Growing Companies list has revealed that ID Finance is consistently working towards its goals with 2017 annual revenue in Europe reaching €87 millions. Following rapid expansion of its market presence in the areas, the company also reports 1. 5 million registered users and $92 million in issued loans in 2018. “We are pleased that ID Finance has been paid due attention by The Financial Times and recognized as one of the most fast-growing fintech...

---

### Introducing HES New Brand Identity

> We’re thrilled to unveil another milestone: refreshed brand identity and redesigned website. As a part of the 2018-2019 strategic plan, rebranding

- Published: 2019-01-12
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/introducing-hes-new-brand-identity/
- Categories: News

We’re thrilled to unveil another milestone: refreshed brand identity and redesigned website.  As a part of the 2018-2019 strategic plan, rebranding was identified as a strategic goal for HES. It was required due to the company's growth over the last seven years and the need to: better reflect who we are and what we do; define a clear mission statement/value proposition; establish a strong visual identity. What's New? Every growing company must ultimately renew its identity in order to better reflect its maturity.   #1. Value Proposition Vision statement: HES exists to bring automation and AI into the financial services industry. To break free legacy technology with comprehensive high-tech lending software and create a human-AI synergy. To keep lending simple, lean and fast. Mission: To automate the complex lending process and move it forward into the digital-first world. Core principles: We follow 4 strong principles that guide the way we work and the decisions we make every day. Commitment to quality and continuous improvement Сustomer-focused approach from start to finish and beyond Innovation that delivers better ways of solving problems and serving clients Trust, transparency, and teamwork The primary goal of the HES Solution is to make lending as automated and optimized as possible with no overhead in staff or manual actions. #2. Design The new brand identity better represents HES as a world-class company it is. We are a sophisticated solution provider that strives to breakthrough legacy lending with AI, and we now have the branding to match. The company...

---

### New Year Message from the HES Team

> From everyone at HES: wishing you a wonderful Holiday Season and a New Year filled with peace, wellness and prosperity! A heartfelt THANK YOU to all

- Published: 2018-12-22
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/new-year-message-from-the-hes-team/
- Categories: News

From everyone at HES: wishing you a wonderful Holiday Season and a New Year filled with peace, wellness and prosperity! A heartfelt THANK YOU to all of our customers, partners, colleagues and everyone who stayed with us this year — it is a real pleasure working with you! The outgoing 2018 year was truly remarkable for our company.  We managed to achieve our plans and goals: HES Lending Platform is powered with data analytics and AI, we strengthened our positions on the international arena and made a number of fruitful partnerships.   Of course, we won't rest on our laurels. New and ambitious objectives have already been set, and we are going to achieve them with you. Looking forward to more wonderful opportunities working together. Hence, we wish you luck and success in 2019! Happy holidays, the HES team

---

### HES Lending Platform in 2019: Moving at the Speed of Innovation

> Data is the new currency and automation is a new form of work. Tech-savvy players such as fintechs and e-retailers set up new standards. If banks and

- Published: 2018-12-20
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-lending-platform-in-2019-moving-at-the-speed-of-innovation/
- Categories: Interviews

Data is the new currency and automation is a new form of work. Tech-savvy players such as fintechs and e-retailers set up new standards. If banks and financial institutions want to keep customers loyal, they need to embrace this new norm and start innovating. **** Tell Us About HES, What Innovative Products/Services Do You Offer? Dmitry Dolgorukov: Digital innovation is moving at lightning speed, and I’m proud that HES is at the forefront of this game. Back in 2012, we started off the company to bridge the gap between traditional and digital lending, and empower financial institutions with innovative solutions. Using our tech know-how and a unique blend of expertise in software engineering, HES quickly became a strong industry player. We help banks and fintechs transform existing operations, launch new products and expand into new markets. HES Software automates the lending process from start to finish while GiniMachine utilizes AI to make rapid & accurate lending decisions. Ivan Kovalenko: Of course the banking/lending sector is transforming. Digitalization goes on all fronts, ranging from onboarding and verification to internal processes. As a matter of fact, HES Lending Software helps lenders successfully adapt to the fast-evolving technology landscape and create deep relationships with customers. What Can HES Offer to Banks? Dmitry Dolgorukov: Automation. Digitalization. AI-powered analytics. Intelligent onboarding, loan management and KYC processes that take zero human efforts is our competitive edge. We offer banks far more than a digital banking platform – we offer a complex IT-infrastructure with the go-live and beyond...

---

### HES 2017 – Year in Review

> It’s been an exciting year for the HES team. We’re growing faster than ever before: more new customers, solutions, and events.  This year, we’ve

- Published: 2018-01-03
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-2017-year-in-review/
- Categories: News

It’s been an exciting year for the HES team. We’re growing faster than ever before: more new customers, solutions, and events.   This year, we’ve launched an AI-based scoring solution that rocked fintech events, expanded the sales portfolio to new markets and visited a bunch of amazing conferences. Let’s journey back over what HES achieved in 2017. Business Development & New Frontier Looking back, it is impressive to state that we managed to complete 11 major projects for our customers. Each project represents profound expertise, deep knowledge, thorough planning and development behind the scenes. “The Decree opens up wide opportunities for the use of the blockchain technology, token holding, ICO, and mining. So, new and promising cryptocurrency-enabled lending projects are coming,” says Dmitry Dolgorukov, the co-founder of HES. HES Geography & New Markets Along with the evolving market of innovative fintech solutions, we keep spreading on the competitive landscape.  Over the last 12 months, our presence expanded into the high-growing financial markets of South/North America and South-East Asia: Brazil, Mexico, and Vietnam. In comparison to the previous year, HES have seen an increase in prospects by 9,5%. New Solution: AI-Based Credit Scoring Last year HES launched an AI-based credit scoring platform – GiniMachine.  It’s an end-to-end system that blends advanced machine learning algorithms with the lender’s historical data and fully automates all the scoring steps. So, any lender can build high-performing predictive models, deploy them and better assess the credit risk of potential borrowers in real-time. Above all, the GiniMachine startup has been rapidly...

---

### Happy Holidays from HES: Greetings and Best Wishes for 2017

> Happy Holidays! We at HES wish you a new year full of great deals and innovations.  Dear Customers, Partners, Colleagues, and Friends, May the New

- Published: 2016-12-26
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/happy-holidays-from-hes-greetings-and-best-wishes-for-2017/
- Categories: News

Happy Holidays! We at HES wish you a new year full of great deals and innovations.   Dear Customers, Partners, Colleagues, and Friends, May the New Year 2017 open up new opportunities for your business and steer you onto a path of happiness, success, and prosperity. We appreciate our cooperation in 2016 and look forward to working with you on many occasions in the future. Keep making plans and progress. We will be here to help you along the way and build the solutions to your business challenges. Yours sincerely, the HES FinTech team

---

### HES Enters Southeast Asian Market with New P2P Project

> HES has entered the markets of Malaysia, Philippines, Singapore, and Hong-Kong by securing a new and exciting project for an online peer-to-peer

- Published: 2016-07-14
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-enters-southeast-asian-market-with-new-p2p-project/
- Categories: News

HES has entered the markets of Malaysia, Philippines, Singapore, and Hong-Kong by securing a new and exciting project for an online peer-to-peer lending platform. An ambitious South East Asian startup has chosen HES as its software and technology partner. Therefore, the company will provide a responsible and more efficient peer to peer marketplace software. Above all, it will allow SMEs and entrepreneurs to run transparent initiatives to source loans from institutional and individual investors. The platform will work as a full-service loan agent in evaluating, marketing and managing each lending project. In the long run, it will execute a strong due diligence process and offer multiple loan investment options. “The intense interest in marketplace lending arises from the inspiring success stories of companies like Zopa and Lending Club. In this case, we have a good reason to believe that similar success can be achieved in the market of Southeast Asia. The HES team has started this new project from scratch. It is unburdened with the clutter of legacy IT. We at HES are going to support it by creating the right automated workflows and a powerful business administration environment. I’m sure our software will help this start-up company to sign up some of the leading Asian investors and stakeholders. As for the unbanked or underbanked SMEs and entrepreneurs, they will benefit from a streamlined application process and quick funding decisions,” said Maria Nemogai, HES’s business development manager.

---

### HES to Participate in Wolves Summit 2016

> The business-event season rolls on with the Wolves Summit 2016, to be held on 12-13 April in Warsaw, Poland. The third edition of the biggest

- Published: 2016-07-14
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-to-participate-in-wolves-summit-2016/
- Categories: News

The business-event season rolls on with the Wolves Summit 2016, to be held on 12-13 April in Warsaw, Poland. The third edition of the biggest multinational event in Eastern Europe focuses on communication and networking among C-level corporate executives, tech companies, investors and startups. The conference will bring together more than 450 corporate managers, 400 startups and 250 investors from across the world. Hence, we are happy to announce that Dmitry Dolgorukov, HES’s co-founder and CEO, will be participating in the full two days of the conference with the goal of sharing his insights on the future of the fintech industry and offering guidance to aspiring entrepreneurs who are willing to start their own lending business. While there, Dmitry will also be showcasing HES’s end-to-end fintech software solutions. ‘I expect that Wolves Summit will be a perfect place to win new customers and markets. If done right, events like this can create sparkling opportunities for business. The relaxed and welcoming atmosphere enhances communication between event participants, so you’re likely to make connections with rising stars and seasoned business leaders. I personally will be very happy to chat with any enthusiasts of innovative financial technologies and solutions. The industry we at HES work for faces a period of transformation. Those that embrace the opportunities of the technical revolution will consistently outperform their competitors. In conclusion, please come to join me to discuss how fintech startups can better leverage these opportunities’, says Dmitry Dolgorukov. Let us know if you will be attending the conference and...

---

### HES Nominated for European Fintech Awards

> On 14 April 2016, the European FinTech Awards and Conference will be held at ABN AMRO, Amsterdam. The awards recognize major developments in the

- Published: 2016-03-10
- Modified: 2025-01-27
- URL: https://hesfintech.com/blog/hes-nominated-for-european-fintech-awards/
- Categories: News

On 14 April 2016, the European FinTech Awards and Conference will be held at ABN AMRO, Amsterdam. The awards recognize major developments in the financial technology sector in Europe. Above all, this conference focuses around building a vibrant European fintech community and ecosystem. HES has been nominated for the awards in the Innovative Banking Software category. “We are extremely grateful for this attention and recognition. This is a good opportunity to present our lending platform to a wider audience. Furthermore, I believe we can get more support from the public and professional jury,” said Dmitry Dolgorukov, HES’s co-founder. The voting competition for the European FinTech 100 ends tonight at 23. 59 CET. 55. 000 fintech enthusiasts will have given their votes for the most innovative companies with disruptive technologies. Noteworthy, the event organizers have decided to introduce the “Public Award” and as a result extend the voting until 31 March 23. 59 CET.

---


---