Genpact introduces new platform

Digitally powered business process management and services company Genpact has unveiled a platform that takes a fresh approach to online commercial lending.

Genpact handles more than $200 billion in assets.

The cloud-based solution employs loan origination technology used by large banks and offers implementation and scalability without data center investment.

Diwakar Singhal

Diwakar Singhal

“Traditional banks need to overcome the burden of legacy systems to compete faster, using disruptive technology that fin-techs already deploy (and) fin-techs need to ‘institutionalize’ their front, middle and back office,” Genpact SVP of commercial lending Diwakar Singhal said.

“Genpact answers both needs with a scalable, easy-to-deploy digital solution that helps better manage assets and improve customer experiences.”

One Genpact client is InterNex Capital, an asset-based digital lender specializing in providing revolving lines of credit to SMEs.

Genpact used Lean Digital, an approach combining domain expertise with  process-centric and design thinking methodologies to produce a solution which helps InterNex grow, InterNex founder and CEO Paul DeDomenico said.

“Internet’s financial services domain expertise in origination, risk management, technology, and capital markets, coupled with Genpact’s digital technology and excellence in process and operations, delivers a superior business model to best service our clients and drive operational scale capabilities.”