Uno Digital Bank enhances lending with new loan management system

It reportedly reduces manual lending processes and supports multichannel disbursements.

Uno Digital Bank has successfully adopted the pennApps Lending Factory’s loan management system (LMS) into its lending operations.

The system, operated by financial service provider Pennant Technologies, will reportedly enable the digital bank to easily customise and handle diverse lending products.

Amongst benefits offered include reducing manual lending processes by automating workflows; enabling the bank to launch multiple loan product lines; and supporting multichannel loan disbursements, according to a press release.

The LMS will also reportedly ensure rapid adoption to evolving regulatory requirements, and is expected to reduce compliance risk, Pennant said.

“The new Loan Management System has not only streamlined our operations but also elevated the customer experience, making it easier for us to meet the diverse needs of our customers,” said Kalidas Ghose, co-founder & chairman, UNO Digital Bank.