iKredit360 - Lending Platform For Credit Transformation

Industry Overview

Credit is fast becoming a lifestyle choice, customers are increasingly preferring the convenience of using payments, lending and other financial services embedded in their day-to-day apps, rather than accessing standalone services from traditional financial institutions.

The era of embedded finance is dawning, spurring on a shift to “banking without banks”, and with an estimated market value of over $138 billion in 2026, it’s clear that it’s not just a financial fad, it is the future.

Challenges and Opportunity

The blurring of the ecosystem boundaries presents a huge opportunity for banks, e-Commerce players, and NBFIs – to think beyond lending products and deliver an integrated experience across the credit ecosystem.

A state-of-the art credit platform with a country-ready comprehensive marketplace will allow banks and financial institutions to collaborate and accelerate business growth effciently. The platform will also help banks in enhancing customer experience with an end-to-end digitisation of the credit process and increasing customer lifetime value while mitigating risks through a real-time 360 degree customer view.

The Intellect Promise

iKredit360 is a complete asset 360 platform on the cloud that enables banks to curate bespoke credit experiences encompassing multiple channels, products, business segments, and fintech partners. Banks can now launch their credit business in 50 Days with minimal CAPEX commitment. With the provision of a “pay as you grow” model, the state-of-the-art credit solution enables banks to manage the end-to-end credit lifecycle of their customers on a single platform. iKredit360 is pre-integrated with best-in-class fintech partners allowing banks to offer differentiated solutions.

Powered by eMACH.ai Architecture

The award winning iKredit360 is powered by an event driven MACH architecture – Micro services-based with autonomous building blocks of credit, API-enabled, Cloud Native, Headless Architecture which allows banks to deliver new and innovative credit solutions rapidly. The MACH Composability Platform (iTurmeric) provides banks a Compose It Yourself (CIY) Experience.

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Highlights

Product Highlights

Internal and External Systems

With its ability to converge multiple elements such as internal and external systems, financial products, credit lifecycle, and FinTechs, iKredit360 empowers financial institutions to become the primary engagement point for their customers by offering both commoditised and specialised credit products across all business segments including Retail, Corporate, SME and Agri.

Customer Experience

iKredit360 is an all-in-one credit platform for comprehensive digital credit transformation enabling banks to enhance customer experience with smarter and faster origination. The platform allows omni-channel origination with customer initiated/RM assisted journeys and also comes with the provision of API-based origination enabling collaboration with FinTechs. Banks can aggregate digital data through structured and unstructured data sources and also ensure zero touch documentation through digital signatures.

Loan Management System

iKredit360 also has a comprehensive and flexible loan management system with a powerful product configuration engine that helps banks reduce their time to market. The platform provides superior flexibility in amortisation, enables loan restructuring & modifications and provides exhaustive loan parameters.

Multi Dimensional Exposure Management

With iKredit360, banks are able to minimise risk with multi-dimensional exposure management. The platform enables centralised real-time monitoring across varied lines of business. Banks can now have a single view of borrower’s exposure across multiple levels and track margins in real-time enabling them to take more effective decisions faster.

Integrated Debt Management

iKredit360 also enables banks to protect and maximise revenue with integrated debt management. The sophisticated platform provides a real-time performance analysis and shares an intuitive collection score for segmentation. Banks can ensure personalised follow ups and also drive customer-centric collection strategies while streamlining collection processes