Most mortgage loans face interest/profit rate fluctuations and cashflows issues during their tenure of full conversion in assets. To address this, we need a specific blend of debt management solutions digitally available to choose from and go at a minimal fee to safeguard customers and investors in their process of wealth creation. Thus, our fintech development is an advent of an ecosystem where consumer problems and their solutions get gauged and mapped for a technical solution.
Moreover, the current banking and financial market is too friendly on their portfolios but fails to restructure the debt accurately or give solutions to clients, rather process goes from default, cheque bounce, and criminal and civil cases. Eventually, leading to fear and absconding or landing in jail. Though lenders are on a roller-coaster business and have provided their impairments and increased UAE’s NPLs, it needs to be addressed properly to give stability and growth in the country. Lenders should be supporting the growth of the economy and not individual short-term goals.
To bridge this gap our ecosystem starts by managing and restructuring debt.