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Bajaj Finance Transitions Core Lending System to Pennant's New-Age, Cloud-Based System; Largest Scalable Transformation in India With 50 Million+ Loans


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  BusinessWire India Hyderabad (Telangana) [India], May 15: Pennant Technologies, a leading financial technology company, today announced the successful completion of a landmark core lending transformation for Bajaj Finance Ltd., India's largest non-bank lender and part of Bajaj Finserv Ltd. Show Full Article The initiative transitioned from a monolithic loan management system to pennApps Lending Factory, […]

Bajaj Finance has successfully transitioned its core lending system to Pennant Technologies' new-age, cloud-based system, marking the largest scalable transformation in India with over 50 million loans. This shift to Pennant's platform, which is built on a microservices architecture, aims to enhance Bajaj Finance's agility, scalability, and innovation capabilities. The new system supports Bajaj Finance's growth strategy by enabling faster product launches and improved customer experiences, while also ensuring compliance with regulatory requirements. This transformation underscores Bajaj Finance's commitment to leveraging advanced technology to maintain its leadership in the financial services sector.

Read the Full ThePrint Article at:
[ https://theprint.in/ani-press-releases/bajaj-finance-transitions-core-lending-system-to-pennants-new-age-cloud-based-system-largest-scalable-transformation-in-india-with-50-million-loans/2626503/ ]

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