In today’s world, NBFC organizations especially microfinance companies (MFIs) require highly effective management solutions in offering their clients the best service and experience with their products and services. Lean-oriented financial organizations face complications like longer loan processing time, fraud monitoring & tracking, the disparity in client support, and many others.
To address all those critical challenges, MFIs have to find a better solution that is advanced and effective. Hence, it’s time to get the best online Microfinance Software for complete microloan management.
They actively collaborate with different kinds of financial companies to develop new-age application solutions for them. Software Companies are able to change the prospect of the global financial market. They can provide faster and smart solutions in making payments, lending & borrowing, fund transfer, deposit, and so on. The company is effectively utilizing various advanced technologies like machine learning, the internet of things, big data, and artificial intelligence algorithms in making the prospects of Microfinance Companies more beneficial.
Benefits of Advanced Microloan Software 1. Loan module in core Microfinance
Software development organizations have experience modernizing, incorporating, and redoing computerized loaning stages for center financial frameworks like other popular premium applications that are available in the world. Driven by new guidelines, approaches, and norms, MFIs need to consistently review credit applications, loaning management, quick decision making, obligation assortment frameworks, and other useful modules, some of them were able to establish themselves as one of the best Microfinance Software Company.
2. Faster Framework for Loan Processing is Crucial
People apply for the loan when they are in dire need. In this time, financial companies need to make their loan management system faster so that the loan processing time takes less time. Whether you are an owner of a bank, small financial company, mortgage institution, or credit union, you need to process loans as per the client’s demand. Otherwise, your clients won’t come back to you whenever they’ll be requiring new loans.
How about approving a loan within 48 hours with an instant fund transfer? Is that good for your MFI? This is what our software can do for your Microfinance Company. All the info of the clients, documentation, EMI, and ROI calculation would take less timing with our application. If this is your ideal situation, then you can go forward and contact us.
Our brand new features of Microfinance Software ensure better risk assessment, improved client connections with the company staff and management, and better yield rates. Our software development company offers start-to-end custom development and expertise to accomplish your company’s operations and make them more fruitful.
3. Control everything with the Intelligent Dashboard
Custom loaning application development guarantees the stockpile of all essential modules to rapidly manage retail and corporate clients. The dashboard will show the glance of each day’s progress along with an advanced chart for comparisons. It works as a map of the whole modules in the software.
Intelligent dashboards are probably the best answer for tracking the situation with the credit negotiations, operation monitoring and get information-driven further activity suggestions with the assistance of prescient examination. The management of loans in one unified spot decreases mismanagement and coordinates better in different kinds of situations.
4. Amaze your Clients
With the assistance of the advanced Microcredit Software, you can amaze your client. The effectiveness and efficiency of your finance company would be increased by many folds. Your business only can grow if most of your clients are happy with you. If your clients are not satisfied that much, then the reputation would hurt you badly.
How to take Final Decision
Now, it’s time to take the final decision for the sake of your Microfinance Company. If you are hesitating with the price tag the let us assure you, the price of Microfinance Software in India is under every company’s budget. It won’t come with lakhs of dollars price tag on it. It’ll be some thousand Indian Rupees that people have to pay.
The textiles can be used in many applications and each of them is suitable for particular situations. In this article I am going to discuss the different types of printing machines available in the market. Firstly, we will be discussing about dye sublimation printer. Secondly we are going to discuss about thermoplastics, photo electric and thermal printers. After reading the article you should be able to understand the different printing machines and what they do.
If you want a commercial machine, you can consider using a Colorjet fabric printing machine. It can create textiles in bulk and it has good resolutions. In general, digital textile printing over polyester results in a bit lower prints than printing using disperse inks. However, in this case an acceptable trade off for longevity is made. For industrial use, high resolution will be required. If you are using the machine for mass textile printing the printouts produced will not be very low resolution.
Dye sublimation printers are capable of producing really low resolution prints. In this case, the cost per unit is higher as compared to other methods. Another benefit offered by the dye sublimation is that you can use a natural fiber along with the ink. But for the short term, it would be better to use polyester based dyes for your applications in the fashion industry.
Polyester based dyes are cheaper than natural fibers, but they are not as durable as the latter. They tend to fade faster and they tend to get easily smeared. For this reason, polyester inks are not recommended for short term applications like clothing and the like. A digital textile printing machine is best suited for long term application. So if you need something for the wardrobe, go for the digital textile printer and not the one for polyester garments.
Another popular option is the digital printer that uses heat to fuse the fabric onto paper. This is cheaper than the other options as well. The only problem with the heat fused paper is that the colors tend to fade with time and it is not very durable. Bleaching is also possible using the polyamide Lycra printing fabric.
The process works in such a way that the dye is applied on the surface of the garment before the final printing process. Afterward, the garment is run through a fusing station. This process helps to ensure that the colors do not fade away with time. However, for high-quality designs you may have to send them to a printing house. Either way, the digital textile printing machine can help you create a variety of high-quality designs in different colors, shapes and styles.
The fiber print heads used for digital textile printing clothes are usually roller-based ones. They are very similar to the dot less ones. However, these print heads allow you to produce much more textiles with limited runs. The fabric is then put on a frame which has numerous cloth centers that are connected to each other. These cloth centers form the base of the shirt or blouse.
The digital textile printing machines can also be used to make baby clothes and curtains. You need to be very careful while choosing the fabric for making these clothes. This is because the fibers from baby diapers are very delicate and can get damaged easily. Only the best quality fabrics should be used to make these clothes. The colors can also be varied depending on what the customer requires.
Digital data is the new gold, and hackers will stop at nothing to get yours. In a study by cybersecurity experts at Maryland University, researchers found that cyber-attacks happen once every 39 seconds. As one of the first organizations to quantify cyber-attacks, Maryland University also says that these attacks can affect one out of every three U.S. citizens.
Furthermore, the number of connected devices today is estimated at around 200 billion. Combined with the fact that 77% of organizations have no cybersecurity response plans in place, America’s application security is far from being an adequate response to the rapid-fire threat posed by hackers. These frightening statistics underscore why the fields of cybersecurity and quality assurance (QA) need to integrate their key processes.
Both QA and cybersecurity are about risk management
In the development lifecycle, QA teams are all about filling in the gaps in order to minimize risks to the quality of the end product or user experience. Meanwhile, cybersecurity processes such as Mobile Application Security Testing (MAST) are all about identifying security-related risks. From authorization concerns to data vulnerabilities, MAST is about analyzing all the potential risk that comes with every possible action on that app.
In turn, this type of testing makes the job of QA teams easier down the line. With fewer security risks comes less risk to the overall quality of the software as well. And the better the quality, the easier it becomes to spot any cybersecurity risks. Because of how security testing and cybersecurity intersect in terms of risk management, coordinating with one another can significantly lighten the workload of both parties.
Security testing is ‘shifting to the left’
This simply means that cybersecurity or application security training is now being integrated within software developers’ daily responsibilities. Rather than being a discrete step in the development lifecycle, this leftward-shift means that cybersecurity is becoming part and parcel of the QA testing process. In their task to build the test infrastructure, today’s software developers, data scientists, and QA testers are expected to have a solid grasp of security.
A similar shift to the left can be observed in cutting edge tech training institutions, like the long-standing and web-based Maryville University. Aimed at producing well-rounded developers and software experts, the online school’s different advanced tech programs were developed with cybersecurity integration in mind. In fact, the online bachelor’s in cybersecurity at Maryville University is designed to be paired with its masteral-level data science, software development, and MBA courses. Furthermore, with coursework mostly happening in the university’s Apple-distinguished Virtual Lab, students can train in a fully online and mobile platform that they can access anywhere. This includes working on defensive digital tactics for real-world companies – under the remote supervision of cybersecurity experts.
This gives students real-world experience in remote and collaborative cybersecurity work. When they graduate, this hands-on remote training will be valuable in terms of collaborating with QA experts. Whether they go on to focus on cybersecurity or branch out to other in-demand fields like data science, software development, or business administration, the security experts of the future are being trained to more easily integrate their security expertise with companies’ existing QA testing infrastructures. From training to implementation, this impending partnership between security and QA is inevitable.
In an age where high-value targets like the Defense Department, other government offices, financial institutions, social media platforms, and tech giants are being constantly assailed by hackers, the integration of software QA and security is the best defense. It’s no secret that cybersecurity concerns have led to software developers and QA teams being spread out too thin. But with security being integrated as a top-of-mind priority for anyone involved in the testing infrastructure, then security experts, developers, and QA teams can breathe a little easier.
Google Trends advocate that “React Native app development” has been among the most popular search terms, even ahead of the term “hybrid app development.” Many industry giants have leveraged the power of React Native to take their brand ahead, including Tesla, Facebook, Instagram, Pinterest, Skype, Vogue, Walmart, Uber, and many more.
Here are some of the pertinent reasons why React Native is the future of hybrid app development –
Cost-Efficient
The cost of developing a mobile application depends largely on the app’s operating system, design element, UI/UX, external API maintenance, and a few other factors.
Here are the key React Native features that make it cost-effective:
React Native enables developers to share the majority of the code with both Android and iOS applications and make the updates live instantly.
It allows the developers to code efficiently, which facilitates faster app development and deployment.
These features of React Native help in making the hybrid app development processes faster and cost-efficient for businesses.
Platform Agnostic
As most of the mobile applications developed on React Native are hybrid in nature, they can work on both Android and iOS with the same efficacy and can also run seamlessly on any other operating systems (OS) that support native apps. React Native’s capability to identify the OS, define the platform-specific implementations, and selecting the file automatically based on the OS, makes it one of the most viable options for hybrid app development.
Low Memory Usage
With React Native, the need to load everything on the interface of a mobile app gets eliminated as React Native app development is easily compatible with any kind of third-party plugin. As a result, the developer does not need to depend on WebView to execute functions and can easily connect with a plugin with the help of the Native module.
Faster Time-to-Market
One of the key benefits of React Native is that it makes the whole hybrid mobile app development cost-efficient and faster by as much as 30%. This is because the majority of the code can be easily shared between iOS and Android mobile app versions, which reduces the coding efforts significantly. Furthermore, the framework uses the Flexbox layout that allows the developers to work only with a single layout engine and develop iOS and Android hybrid applications with a significantly shorter time to market.
Aesthetic UI/UX Designs
User interface (UI) and user experience (UX) have become one of the most business-critical aspects for companies, and even the slightest of negligence in this area can result in huge losses. Companies need to make sure that their application’s UI/UX design is designed and implemented efficiently. As React JS is based on JavaScript, it is not as fast as Swift or Java, but still, it manages to run complex apps smoothly and efficiently due to the easy switch from Native languages to Native apps. The presence of asynchronous JavaScript connections makes mobile apps highly fluid and responsive and as a result, React Native provides a smoother and fast-loading experience as compared to traditional hybrid applications.
So, if you have plans to invest in a high-performance hybrid app, partner with a top Native app development company that has years of experience in building and deploying high-quality apps that are compatible with both Android and iOS and are robust, secure, and scalable.