Transform Microfinance and Rural Development with Lexium Suite
In today's ever-changing world of financial inclusion, technology has emerged as a key enabler of empowering marginalized communities.
- October 3, 2025
- 9 min read
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In today's ever-changing world of financial inclusion, technology has emerged as a key enabler of empowering marginalized communities.
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In today's ever-changing world of financial inclusion, technology has emerged as a key enabler of empowering marginalized communities.
In this blog, we will trace the story of rule engines and how they came into play. What role is it currently playing and where will it eventually lead us?
If you're building a product but not using it yourself, you're missing one of the most powerful quality assurance tools available: dogfooding.
As we all know, data is the backbone of any successful product and business decision for the constantly-evolving SaaS industry. Everything depends on how the data is processed,
A large public sector organization from a first-world country faced a devastating crisis when, due to an error in their payroll software, thousands of employees received incorrect payments. Of these, some were underpaid and some overpaid. This ultimately resulted in mistrust of employees, a lot of administrative chaos, and costly remediation efforts
Remember questioning why you had to memorize complex mathematical formulas in school?. Though it seemed like busy work, the reality is that these formulas contained reusable logic advanced enough to be utilized in various situations.
Learn how a $4B accounting error exposed the risks of manual processes in banking, and how Lexium Suite enables automation, compliance, and error prevention in the BFSI sector.
Between February 2012 and March 2014, a leading vehicle-renting corporation materially misstated its pre-tax income due to accounting errors across multiple business units and periods, leading it to pay fines of $16 million to the SEC, causing the corporation to appear to be in a stronger financial position than it was
Insurance companies such as Life Insurance Policy (LIC), HDFC Life, SBI Life, ICICI Prudential Life, etc., process millions of documents daily. From claims letters to coverage summaries, regulatory reports, and policy certificates, the list goes on and on. Conducting this documentation process manually creates bottlenecks that slow operations, increase errors, and frustrate customers waiting for critical paperwork.
In the constantly evolving world of Manufacturing, time is money. At the same time, the paperwork required in this industry is huge and causes unprecedented delays. From invoices and shipping labels to compliance reports and audit logs, documentation plays a critical role in ensuring smooth operations, traceability, and regulatory adherence.
Constantly changing rules and policies by the RBI (Reserve Bank of India) make maintaining compliance in banks very challenging. Demands around KYC (Know your customer), AML (Anti-Money Laundering), and internal audits are increasing, and manual processes are not enough to keep the banks up to date with these changes.
In the current competitive landscape, instant decision-making and regulatory compliance aren't optional—they're a necessity.
At their core, rule engines are software components that separate business logic from application code
The conversation around business automation has been evolving rapidly, and at the forefront of this transformation are rule engines.