FinBox, a prominent player in credit infrastructure and risk intelligence, unveiled its latest innovation: the Partnership Lending Stack 2.0 (PL Stack 2.0) at the Bharat Fintech Summit, the other day. This comprehensive platform is designed to transform how banks, NBFCs, and other financial institutions approach partnership-driven lending, particularly in the rapidly growing field of embedded finance.
FinBox’s PL Stack 2.0 offers a streamlined, end-to-end solution for managing the entire partner journey. From identifying and onboarding partners to ongoing management, the platform simplifies and accelerates the process of launching embedded lending products. This means lenders can now integrate credit offerings into various digital platforms, like payment apps, UPI apps, online marketplaces, and e-commerce sites, in a matter of weeks, rather than months.
The company highlights the platform’s potential to significantly reduce time to market and operational costs while enabling lenders to scale their operations efficiently. Early adoption by major NBFCs has already shown promising results, with some reporting monthly disbursals reaching Rs 250 crore.
Rajat Deshpande, CEO, FinBox, said that, “It is time we start viewing credit with a last mile approach. When a small business owner needs working capital, they’re more likely to consider it while managing their digital business account than during a bank visit. When a consumer needs a personal loan, they’re more likely to accept it during their shopping experience than through a cold call from their bank.” said Rajat Deshpande, CEO of FinBox.
FinBox’s ambitious goal is to facilitate over 7 million loans to retail borrowers in the next few quarters through the PL Stack 2.0. The platform caters to a wide range of financial institutions, from established banks and NBFCs to emerging fintech companies and UPI app providers.
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The PL Stack 2.0 boasts several key features, including pre-integrated Loan Service Providers (LSPs) with pre-verified marketplaces and DSAs for quick activation, modular APIs and SDKs for seamless integration, and customizable partner programs for tailored workflows. Furthermore, the platform provides lenders with valuable insights into partner performance and customer behavior.
A particularly noteworthy component is the Partnership Control Plane, a centralised dashboard that empowers lenders to efficiently manage partnerships, track risk, and make data-driven decisions. FinBox believes this platform will be a game-changer in the world of embedded finance.
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