Wipro unveils loan origination solutions aimed at APAC market


Infotech Lead India:  Wipro unveiled its “Lend Value” suite of enterprise loan origination solutions for the Asia-Pacific lending market.

The Wipro Lend Value suite of solutions includes the NetOxygen Loan Origination system, the Enterprise Mobile Origination (e·MO) application and the LendCentric user portal, combined to deliver complete optimization across the entire lending value chain –  from back-end processing to front-end customer experience.

Wipro’s flagship NetOxygen Loan Origination System is a platform that streamlines the entire loan processing and fulfillment workflow, from managing leads and taking applications to document preparation, funding, post closing and interim servicing.

Some of the features of the system are dynamic workflow, built-in lead management, pricing engine document and image management and seamless third-party integration framework.

A Srinivasan, vice president and head, Banking Products and Emerging Markets at Wipro said, “In the current economic environment, many Asian financial institutions are facing increasing customer demand for a differentiated lending experience. The competitive pressure to grab wallet share is increasing as well. The Lend Value suite gives these financial institutions the ability to transform their lending businesses by enhancing the borrower experience in the front-end using mobile and online channels, and powering back-end operational efficiencies with a strong loan origination system.”

Carol J Wheatcroft, associate director of Asian Banker Research said, “This is a timely launch for a well-targeted product. Asian Banks are increasingly finding that they need more than just standard loan origination functionality to effectively capture and service their growing customer bases and this enterprise solution addresses requirements from both the bank and customer perspective.”

NetOxygen supports multiple products and channels and supports instant synchronization of loan data across various systems and devices. The product works through the company’s lending portals and mobile tablet devices to improve the end-user’s experience while boosting productivity.

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