With the Biz2X API-based LMS, banks and financial institutions can automate all of their manual activities by integrating systems into one centralized platform.
Biz2X, a leading digital lending SaaS platform that enables financial institutions to deliver a personalized online lending service experience to their small and medium business customers, announced the launch of Biz2X LMS (Loan Management System), an end-to-end API-based system. platform for loan management, maintenance and collections. It is an advanced and most comprehensive bank loan management system that automates the entire loan lifecycle to save costs and improve the customer experience. It is a digital lending service platform that provides a scalable and modular solution to grow for small to large customer base and covers all necessary basic lending banking processes.
Biz2X LMS is accessible via the REST API. It can be integrated with any downstream or upstream system, including basic banking systems, accounting software and consumer applications. It is a highly configurable platform that can be configured with over 500 different parameters. With an integrated reporting and analysis module, banks and financial institutions can extract, transform and analyze LMS data. With REST APIs, banks / financial institutions / NBFCs can also extract data from their wallet. With the Biz2X API-based LMS, banks and financial institutions can automate all of their manual activities by integrating systems into one centralized platform.
At the launch of Biz2X LMS, Mr. Vineet Tyagi, Global CTO, Biz2X said, “Our solutions are at the heart of some of India’s largest banks, financial institutions and NBFCs. This solution is truly transparent without any manual intervention by integrating the systems into a single centralized platform, solving one of the lending industry’s most critical issues. In addition, this has a very flexible product configuration and easy integration with external third-party services and payment gateway integrations ”
Biz2X LMS can help banks, financial institutions and NBFCs prepare for the future with an integrated post-loan disbursement tracking system, providing an overview of the borrower’s risk profile and underlying opportunities to improve future lending prospects.