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NBFC Advisor specializes in facilitating strategic collaborations between Non-Banking Financial Companies (NBFCs) and various financial entities, including FinTech firms and banks. With over 9000 NBFCs in India, collaboration has become a crucial strategy for growth and sustainability in the competitive financial landscape. NBFC Advisor understands the challenges faced by NBFCs, such as the need to meet regulatory requirements while optimizing operational efficiency, and expanding market reach. The company's comprehensive NBFC collaboration solutions aim to address these challenges effectively, fostering mutually beneficial partnerships that drive growth and profitability.
The NBFC collaboration model focuses on forging strategic partnerships between NBFCs and FinTech firms or banks to leverage each other's strengths in sourcing leads, accessing additional funds, and enhancing lending capabilities. Through collaborative agreements, both parties can explore revenue-sharing arrangements and even mitigate risks associated with Non-Performing Assets (NPAs).
The key components of NBFC collaboration include facilitating the signing of agreements between NBFCs and FinTech firms, outlining the terms and conditions of collaboration, assisting FinTech firms in signing agreements with fund managers to manage deposits effectively, ensuring the establishment and proper management of separate escrow accounts for fund disbursement and repayment, guiding NBFCs and FinTech firms in adhering to regulatory requirements such as TDS, GST, Credit Reporting, and Customer Due Diligence, and implementing provisions for NPA norms and credit reporting and conducting background checks on collaborating FinTech firms to ensure financial strength and credibility.
NBFC Advisor offers three collaboration models: Co-Lending Model, Lead-Based Model, and FLDG Model. The company also outlines the workflow and responsibilities of FinTech firms, intermediary legal firms, and NBFCs.
NBFCs are responsible for lending, loan processing, and risk assessment, while FinTech firms provide technical support, funds, and lead generation services. Intermediary legal firms manage funds associated with collaboration agreements and provide legal and financial assistance to both parties.
Regarding compliance and technological requirements, NBFCs must ensure online verification services, borrower profile storage, and adherence to regulatory compliance norms. FinTech firms must comply with capital adequacy ratios, GST payments, and ECB guidelines for foreign firms, while also meeting technological requirements such as secure data transfer and integration capabilities.
NBFC Advisor offers end-to-end services to facilitate seamless collaboration between NBFCs and FinTech firms. The company's expert team assists in devising MoUs, collaboration agreements, and business plans tailored to specific needs, ensuring growth and revenue enhancement for all partners involved.
Contact NBFC Advisor today to explore the potential of strategic collaboration in the evolving financial landscape.