Cash Plus goes live with Profile Software’s Finuevo Suite

By Gloria Methri

Profile Software has implemented its Smart Banking solution, Finuevo Suite, at Cash Plus to meet its end-to-end requirements and address its commercial and investment needs by offering digital solutions for microfinance. The solution has been designed and tailored in a cost-effective, flexible and modern manner with an open architecture, offered “as a service” on the Cloud.

Cash Plus is one of the latest Non-Banking Financial Institutions (NBFIs) in the Republic of Kosovo. Kosovo has the youngest population in Europe, with nearly half of its population under the age of 25.

Profile’s solution, Finuevo Suite (comprising Finuevo Core and Finuevo Digital), is an advanced solution that covers end-to-end the entire range of financing processes. Finuevo Core is a banking solution that guarantees and accommodates a wide range of banking products and operations. In contrast, the Finuevo Digital banking platform supports all required customer journeys across web and mobile channels.

Coupled with an easy-to-use and friendly interface, Profile provides Cash Plus with the required flexibility and effectiveness so that its users and clients may benefit from instant financing.

The solution provides digital functionalities, including certification and digital onboarding, loan origination, automatic credit check and instant loan approval, disbursement, initiation of the loan and acceptance of payments until the loan is fully repaid. It also provides full monitoring of the progress of the customers’ applications and loans. In addition, the platform is used for financing from multiple channels, such as self-service from customers, Cash Plus itself, and third-party collaborating agents/brokers.

Armond Dranqolli, Co-Founder and Chief Executive Officer at Cash Plus, said, “Profile’s track record of successful implementations coupled with the platform’s readiness and agility has helped us build fast and at no risk a scalable solution that equips us with the tools to comprehensively manage our end-to-end loans processes and deliver seamless online services to our valued clients. In addition, the cutting-edge technology of the platform provides our clients with an unparalleled banking experience.”

Evangelos Angelides, Chief Executive Officer at Profile, said, “We have embarked on a journey of digital transformation with Cash Plus that identified the need for a strong technology and business partner. The deployment of Finuevo Suite at Cash Plus underscores our commitment to delivering cost-effective, flexible, and modern banking solutions. By leveraging the advanced capabilities of the solution, Cash Plus has been equipped to drive operational efficiency, enhance customer experience, and contribute to the advancement of Kosovo’s financial market infrastructure.”