Published- Mar 16, 2019, 12:56 pm IST
Mumbai: Equifax Analytics Pvt. Ltd, a global information solutions provider of predictive analytics, today announced a union with SysArcInfomatix, a world-class lending solutions provider to drive digital transformation in financial institutions across India via their bundled LENDperfect and Interconnect® platforms.
Equifax Interconnect® is a cloud based modular, agile and secure decision management system that is designed to help Indian financial institutions to transform complex data and decision strategies into actionable insights.EquifaxInterConnect enables institutions to manage decision policies, data sources, models and analytics effectively, and to respond to market needs swiftly. InterConnect empowers business users through comprehensive management of business strategies and policy rules with limited technical involvement.
SysArc’sLENDperfect is a world-class solution designed by banking experts and seasoned IT professionals to manage and gain visibility over entire loan life cycle.
LENDperfect Retail, Agri and MSME are market-leading solutions that understand the needs of multiple lending institutions. The products have an automated workflow engine to ensure quick TAT and meticulous BPM standards across the entire lending operation.
“Today, the Indian market is travelling through digital transformation and a seamlessly integrateable solution to set up a straight through process is very important” said KM Nanaiah, managing director, Equifax Credit Information services Ltd. and Country Leader, Equifax India and MEA. “This complimentary partnership will bring to Indian financial institutions an integrated flexible platform combining Loan management system and Decision management system with ability to integrate multiple data sources and analytical tools seamlessly.”
Customer satisfaction lies in the ability to process a loan requirement and dispense it within a matter of minutes. The ability to process and sanction an increasing number of loan requests can help garner more applicants looking for quicker credit approval.People are in constant search of new innovative ideas that can ease complex tasks. The need to stay updated and inventive is essential to outgrow competition and earn loyalty of customers, said Mr. Sundar Garg, CEOSysArc. “Partnering with Equifax Analytics takes SysArc one step closer to making lending easy for both borrower and the lender. Data capturing, and instant verification is crucial to any loan processing. Much of this vision is fulfilled through the partnership by improving decision support through extensive yet instant underwriting process.”
Equifax is a global information solutions company that uses unique data, innovative analytics, technology and industry expertise to power organizations and individuals around the world by transforming knowledge into insights that help make more informed business and personal decisions. Headquartered in Atlanta, Ga., Equifax operates or has investments in 24 countries in North America, Central and South America, Europeand the Asia Pacific region. It is a member of Standard & Poor's (S&P) 500® Index and its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. Equifax employs approximately 11,000 employees worldwide. For more information, visit Equifax.com and follow the company's news on Twitter and LinkedIn.
SysArcInfomatix is an established financial software company. Founded in 1997, the company offers a wide range of innovative solutions to a broad spectrum of lending institutions.
An uncompromising focus to address customers' business interest, earned the company a worldwide customer base. Positioned with a vertical focus on the financial industry and armed with a suite of banking solutions, SysArc established undisputed leadership in the automation of lending for financial institutions.
SysArc customers include commercial banks including PSUs, private, new generation and small banks, NBFC’s, Micro Finance institutions and other non-banking financial institutions. SysArcInfomatix constantly strives to create novel solutions for the financial community.
Today, we are a company with 300+ professionals and 50+ clients. Armed with an array of banking solutions we provide SECURE and AGILE products serving a broader spectrum of lending requirements. Headquartered in Chennai, India we also hold our extended operations in the U.S., Middle East and Europe.
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