5 digital lending platforms offering solutions to banks in India

By Gloria Mathias

The lending industry is witnessing a major shift from traditional to new, unconventional lending models in India. FinTechs, Banks and NBFCs are seamlessly integrating Lending into their ecosystem. New-age lenders are leveraging technology to make the process faster, more accurate, and more seamless.

IBS Intelligence has been reviewing the global lending and back-office system selections on a yearly basis for over 20 years, as well as publishing the iconic IBSi Sales League Table, which has been a barometer for measuring supplier performance across system selection engagements.

Below listed 5 FinTech are redefining digital lending in India:

• Finflux

Finflux is a company that offers a cloud lending platform that helps accelerate lending business transformation. Finflux Cloud includes a comprehensive suite of products that help manage the entire loan lifecycle. Its product offering provides loan origination, loan management, financial accounting, marketplace integration, app-based lending, alternative data-based credit scoring, dashboards, reporting and analytics.

• Lentra

Lentra is democratising digital lending through its secure and scalable SaaS platform. It empowers banks and non-banking financial institutions to create customised lending products and enhance customer experiences, through its API-driven modular architecture.

• M2P

M2P’s lending solutions provide end-to-end capabilities in the form of solutions enabling loan origination, loan management, and debt collections. Additionally, the company also offers a BNPL solution that helps banks with pre-onboarding, merchant management, and the transaction life cycle, among others.

• Nucleus Software

India-based Nucleus Software is a part of the lending systems space. Its FinnOne suite spans most forms of retail and commercial lending, including specialist areas such as auto finance, syndications and Islamic, and there is also a range of other applications that can be sold with the core lending platform or as standalone solutions.

• Yubi

Yubi is a possibility platform powering the discovery, investment, and fulfilment of credit. It is redefining global debt markets by freeing the flow of finance between borrowers, lenders, and investors. The Yubi product suite is the empowerment of small, medium, and large enterprises on one side, and growing a healthy loan book for the larger Banking ecosystem on the other.

Read more: Global Lending Vendors & Landscape Report Q2 2023