Loan liquidation refers to the process by which a lender seeks to recover the outstanding balance of a loan when a borrower defaults. This typically involves selling the collateral (like property or vehicles) that
Core banking modernization has become an imperative rather than an option. As legacy systems struggle to meet the demands of digital transformation, regulatory requirements, and customer expectations, banks face increasing pressure to upgrade their fundamental infrastructure.
The practice of lending and tracking debts dates back to ancient civilizations, with the earliest known records appearing in Mesopotamia around…