Roopya, a fintech company based in India, is making waves in the lending industry with its innovative Lending-as-a-Service (LaaS) platform. Roopya empowers more than 100 financial institutions like banks, NBFCs (Non-Banking Financial Companies), and other fintech players to streamline their loan origination and underwriting processes through a data-driven and feature-rich infrastructure.
Lending Infrastructure on Steroids:
Roopya’s platform goes beyond basic loan processing. Here’s a deeper dive into its lending infrastructure capabilities:
Pre-built Customer Journey: Roopya offers pre-configured workflows that guide borrowers seamlessly through the loan application process. This includes features like digital KYC (Know Your Customer) verification, fraud checks, and consent management, ensuring a smooth and compliant experience.
Flexible Loan Products: The platform supports a wide range of loan products, eliminating the need for lenders to build separate systems for each type. Whether it’s personal loans, small business loans, or microloans, Roopya can handle it all on a single platform.
Business Rule Engine: Roopya’s Business Rule Engine (BRE) allows lenders to define and automate their lending criteria. This streamlines loan origination by automatically assessing applications based on pre-set rules, saving lenders valuable time and resources.
Multiple Channel Integration: The platform integrates with various channels, allowing loan applications to be initiated through a lender’s website, mobile app, or even through partner networks. This expands reach and makes loan applications more accessible to borrowers.
Scalability and Efficiency: Roopya’s cloud-based platform is designed to scale with a lender’s growing needs. This eliminates the need for expensive infrastructure investments and allows lenders to focus on core business activities.
Lending Analytics: Roopya doesn’t stop at infrastructure. Their lending analytics solutions provide valuable insights to lenders:
AI-powered Credit Scoring: Roopya utilizes machine learning models to analyze borrower data from traditional bureau sources, alternative data sources, and even customer behavior within the platform. This generates a comprehensive credit score, allowing lenders to make more informed risk assessments.
Predictive Analytics: The platform goes beyond static credit scores. Roopya’s analytics predict a borrower’s likelihood of repaying the loan, allowing for better loan pricing and risk mitigation strategies.
Early Warning System: Roopya identifies potential defaulters early on. By analyzing repayment patterns and financial behavior, the platform provides lenders with alerts to proactively manage potential delinquencies.
Reporting and Dashboards: Roopya offers comprehensive reports and dashboards that provide lenders with insights into their loan portfolio performance. This allows for data-driven decision-making and continuous improvement of lending strategies.