Monday, March 25, 2019
News
NEWS HOME
»
PRN INDIA
eSthenos Technologies Enables NBFCs to On-board MSME Borrowers Under 30 Minutes
  SocialTwist Tell-a-Friend  
   

BENGALURU, January 7, 2019 /PRNewswire/ --

- Launches Banyan 2.0 which uses Artificial Intelligence & Machine Learning Models to recommend credit decisions  

The estimated number of MSMEs in India is a staggering 44.50 million. One of the major driving factors of India's GDP growth is the MSME industry, which employs 40% of India's Workforce, contributing 45% of the output and 40% of the exports. Hence, the financial needs of this industry is growing as well. MSMEs are also one of the most crucial customer base for NBFCs and other financial institutions, as they don't change their financial institutions often and are a very loyal set of customers, which is why it is very important for financial institutions to deliver world-class customer service. With increasing credit requirement of the MSMEs, financial institutions should leverage technology to originate high loan volumes at faster speed, ensuring better transparency and enhancing customer service along-with decreasing the cost of the loans.

FOS  platform of  eSthenos Technologies  enables Financial Institutions to on-board MSME Borrowers under 30 minutes with its real-time, cloud based data collection and risk assessment module. The highly sophisticated and modern design architecture enhances the security and the quality of the data collected. Availability of data in cloud and multiple internal and external API integrations results in improved reaction time for users. Faster and accurate data collection with minimal paperwork and real-time credit worthiness check reduces the turnaround time of the disbursal. Based on algorithmic credit assessment models, the platform gives a wider and precise view of the borrower's credit worthiness. Real-time monitoring of the performance of each application based on hierarchy helps the management to make better and faster decisions and reduces monitoring cost by a substantial margin.

eSthenos launches its improved version of its platform Banyan.  Lending institutions have a mine of data, which if put to correct use can create constructive results. This data can be used to create better credit models based on the customer's history. Banyan can analyse the data of Financial Institutions to recommend product pipelines for cross-sale, understand and benchmark competitors data, internal fraud detection and generate sales pipeline who can be approached in the future.

About eSthenos  

eSthenos is an award winning technology platform trusted by leaders in the financial services industry. We offer 'designed by users' CRM, Loan Origination System, Lead Management System, Underwriting Platform, Business Intelligence & Analytics Platform.

With more than 5,000 users across 1000+ locations, eSthenos helps their clients to process 6,00,000+ loan applications every month with more than 80,000 EMI collections every working day. eSthenos offers highly flexible and user-friendly products for complete banking needs. Dedicated banking platform helps clients to process applications for Housing, LAP, vehicle, personal  and SME/MSME loans with greater control and bring smile to faces of rural  and semi urban clients.

eSthenos also offers a range of products for group loans, individual loans, collections, lead management and analytics.

For more information, visit http://www.esthenos.com.  

Media Contact:
Madona Chowdhury
madona@esthenos.com
+91-8860400130
eSthenos Technologies Pvt Ltd


More News by PR Newswire India

Tejas Networks Appoints Two New Board of Directors - CB Bhave Appointed as Independent Director and Arnob Roy as Executive Director

Football for Friendship: Brazilian National Team Received Nine Values Cup

Oral semaglutide 7 mg and 14 mg doses showed superior reductions in blood sugar and weight compared to sitagliptin at 26 weeks in data presented at ENDO

New Boundaries: Hublot Launches the Official ICC Cricket World Cup 2019 Watch and Announces Cricketing Legend Kevin Pietersen as a New Friend of the Brand

Tejas Networks Appoints Two New Board of Directors - CB Bhave Appointed as Independent Director and Arnob Roy as Executive Director

Football for Friendship: Brazilian National Team Received Nine Values Cup

Oral semaglutide 7 mg and 14 mg doses showed superior reductions in blood sugar and weight compared to sitagliptin at 26 weeks in data presented at ENDO

New Boundaries: Hublot Launches the Official ICC Cricket World Cup 2019 Watch and Announces Cricketing Legend Kevin Pietersen as a New Friend of the Brand

New Boundaries: Hublot Launches the Official ICC Cricket World Cup 2019 Watch and Announces Cricketing Legend Kevin Pietersen as a New Friend of the Brand

Hublot and Ferrari Open a New Chapter in Their Collaboration With the Classic Fusion Ferrari GT Watch

Arçelik to Acquire Singer Bangladesh Operations for $75 Million

Frost & Sullivan Identifies 3 Innovative Tactics that Encourage Accessible Water for All

Legal Sea Foods partners with CP Foods on premium products

YuppTV Bags the Digital Broadcast Rights for VIVO IPL 2019 for Australia, Continental Europe, and South East Asia

Youth's Crushed Legs and Life Saved by Timely Treatment at Parvathy Hospital

Azure Power Puts Over 500 MWs of Solar Power Projects Into Operations in FY19

Global Poker League India's 6 City Teams Unveiled After Bootcamp

The Classic Fusion Ferrari GT Watch Opens a New and Innovative Chapter in the Partnership of Excellence Between Hublot and Ferrari

Aeronutrix's Sports Nutrition Brand Fast&Up Announced as the Official Energy Drink Partner for Procam International Running Events in India

Lear Invests in Israel-Based Maniv Mobility Venture Capital Fund

53rd Edition of the Shankar-Shad Mushaira Takes Place in Delhi

Global Digital Spending Touched $575 Bn in 2018 and is Expected to Grow to a Whopping $1.2 Tn by 2022: Says Zinnov

iPinYou Partners with Weibo to Provide a More Integrated Advertising Solution across Social and Programmatic Platforms

ColorTokens Named Next Gen Security Company of the Year at Cyber Defense Magazine 2019 InfoSec Awards

EcoEnergy Insights Recognized for Growth, Innovation and Leadership: Wins Prestigious Frost & Sullivan Best Practices Award

Malaysia's Sapura Group Announced as Host Operator for World-leading CCW Critical Communications Event

RemoteMyApp adopts IBM Cloud to scale multi-platform gaming service

Frost & Sullivan Identifies Motivators of Growth in the Global Battery Energy Storage Market

Now In The Fifth Year, FoodTrekking Awards Recognize Excellence & Innovation In Food Travel Experiences

Systech Partners With NW Solutions to Deliver Brand Protection Offerings

ThroughPut Welcomes Industrial, Automotive, Telecommunications and Technology Heavy-weights, Dr. Hagen Hultzsch and Robert Alpert, to its prestigious Board of Advisors

eCommerce Channels Find High Penetration for Drug and Medical Device Sales

P.I. Works Commended by Frost & Sullivan for the Exceptional Price-Performance Value of Its Automated Network Management and Capacity Planning Solution

VisualDx's Web-based Clinical Decision Support System Acknowledged by Frost & Sullivan as Best in Class

Visiopharm Earns Acclaim from Frost & Sullivan for Transforming Anatomic Pathology with its Cross-platform Software Solutions

Sasol Offers Support to Cyclone Idai Victims

Grundfos Earns Acclaim from Frost & Sullivan for its Innovation-driven Growth in the Water and Wastewater Pumps Market

China's First Digital Bank, WeBank, introduced the '3O' Paradigm of Open Banking at Money 20/20 Asia

Cognitec's Best-in-class Facial Recognition Solutions Honored by Frost & Sullivan

WENZEL Group Earns Acclaim from Frost & Sullivan for Disrupting the Coordinate Measurement Machine Market with Its SF 87 Shop Floor CMM

The Sunhak Peace Prize Committee is accepting nominations for the 4th Sunhak Peace Prize from March through May 2019

Research from XJTLU advances RNA modification mapping

Trina Solar rolls out four new series of modules, unleashes a new era of mass-produced high-output modules

Nexteer Recognized as Manufacturing Leadership Awards 2019 Winner for Enterprise Integration & Technology Leadership

Frost & Sullivan Recognizes Best-in-class Companies with Prestigious Industry Awards

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
TRS fields 32-year old youngster from Se...
Alliance partners will help winning Siva...
One more held in Gurugram mob attack cas...
#VoteKar: PM Modi tweets 16 times in hal...
Kamal Hassan not to contest polls...
Kanhaiya Kumar to contest from Begusarai...
More...    
 
 Top Stories
After RJP-N, FSF-N warns to quit Ol... 
Kamal Hassan not to contest polls... 
TRS fields 32-year old youngster fr... 
IPL 2019: Pant, bowlers help Delhi ... 
Alliance partners will help winning... 
One more held in Gurugram mob attac... 
Australia: Cyclone Veronica hits we... 
Naveen Patnaik announces nine more ...