Ujjivan Small Finance Bank and Decimal Technologies have entered into a partnership, through which Ujjivan SFB and its channel partners will use Decimal’s digital lending platform – Saarathi. This collaboration will enable the bank to digitize loan sourcing through its sales force as well as direct selling agents. This is part of the bank’s strategy to strengthen its digital infrastructure. Decimal’s ‘Saarathi’ is enabling 100% digitization of Ujjivan SFB’s loan offerings, providing a simple user interface and helping to carry out business operations during lockdowns. Saarathi is dispensing verified and trusted channel partners to send digitized loan applications with a detailed risk assessment to Ujjivan SFB. Saarathi is integrated with credit bureau, NSDL, document verifications systems, Google Maps for geo-tagging, bank statement analyzer and more, resulting in improved efficiency of credit underwriting for Ujjivan SFB.
Dheemant Thacker, Head, Digital Banking, Ujjivan Small Finance Bank, says, “This partnership digitizes our loan origination journey through assisted mode and significantly improves turnaround time (TAT) without incurring huge capital expenditure, thereby strengthening our overall business operations. We continue to build a robust digital infrastructure to offer greater customer convenience and a superior customer experience through such fin-tech engagements”.