Lentra, the premier digital lending platform, unveiled its Intelligent Lending Cloud Platform at the Lentra Digital Lending Summit, their annual flagship event.
Lentra introduces three cutting-edge AI-driven products, representing a significant step forward in integrating AI into the digital lending ecosystem. Furthermore, it adds 40 new functions into its existing solutions, all of which have been precisely designed to maximise the promise of AI and give real utility to banks and NBFCs.
“The evolution of trends in India’s credit consumption narrative demands thorough understanding and analysis. At Lentra, we strive to meet the increasing demand for personalization and localization by harnessing the power of AI, ensuring accessibility for our clients.” – Ankur Handa, Chief Product Officer at Lentra.
Lentra’s Intelligent Lending Cloud solution is intended to meet the rising requirement for Vernacular Languages to broaden reach, increase processing times, and lower operating costs.
“AI has recently garnered widespread attention for various reasons, with its capacity for human-like interactions standing out. Aligning with our mission to transforming lending by empowering lenders to democratize credit and foster financial inclusion through intelligent decisions, we are thrilled to introduce a wave of AI products and AI-infused features. With this extended portfolio, we are confident that our clients will experience significant enhancements in their business, equipped with actionable intelligence.” – Rangarajan Vasudevan, Chief Data Officer at Lentra.
Lentra is actively pushing the use of AI in intelligently automating solutions for Indian banks and NBFCs. Among the initiatives include the use of Machine Learning Models to discover new borrower categories within existing customer bases, as well as the use of AI for intelligent customer engagement and lead nurturing. It employs behavioural intelligence to increase upsell and cross-sell chances for the bank by adopting hyper-personalized product recommendations.
These efforts, which are based on significant applications, demonstrate Lentra’s dedication to innovation. Their sophisticated cloud lending platform anticipates market evolutions and handles current needs, putting their partners ahead of the curve.
“With NIM itself becoming a non-differentiative commodity the focus amongst banks is becoming “experience”. How do we create a simple, easy and yet a WoW experience for our new customers? That is where the real differentiator lies! In the world of lending there are quite a few one-trick-ponies that address various components of lending. This is where someone like a Lentra is uniquely different. Their AI-powered solutions remove the friction from the entire lending and collection process, enabling decisions that are faster, fairer, and more accurate. We are impressed with how Lentra is continuously pushing the boundaries of their intelligence-embedded solutions and creating the WoW experience for end customers.” – Cyrus Daruwala, Managing Director, Global Financial Services, IDC.
