Chennai based B2B fintech player EPIKInDiFi partners with IntelleGrow an NBFC belonging to Aavishkaar Group

• IntelleGrow is going to use EPIKInDiFi’s flagship product “Vanguard” for loan origination and credit assessment of their entire lending portfolio.

Chennai, July 03, 2019:  EPIKInDiFi’s Product - ‘Vanguard’ is a first of its kind digital banking platform for the banking industry – based on the core principle of “Zero Code” and “Visual Drop & Drag Designing.” The platform is an end-to-end Flexible, Integrated, Modular and Intelligent Digital Lending Origination platform that takes care from Customer origination journey right upto disbursement. Vanguard is a visually driven ‘zero-code’ platform which can be effectively managed and operated by bank’s business and IT staff. “We are delighted to partner with EPIKInDIFi for our digital transformation project. By choosing EPIK’s “Vanguard”, IntelleGrow is implementing the most complete cloud-native, cloud-agnostic digital lending platform.

Sushmitshri Babu. Director, EPIKInDiF

EPIK’s Vanguard will enable IntelleGrow to significantly enhance client engagement through its advisors and relationship managers. Using API-first technology and design-led thinking, new business applications can be rolled out in days instead of weeks and months. This will boost IntelleGrow’s product innovation and allow for operational excellence enabling it to thoroughly prepare for future growth and expansion.” Nikesh Sinha, CEO of IntelleGrow commented.

Commenting on the product, Mr. Sushmitshri Babu. Director, EPIKInDiF, said, “Customer service has become a prime differentiator and customers expect speed, better terms & cheaper rates for every product offered by the financial institutions. At the same time, banking trends indicate that CXOs main retail& SME focus ison simplifying the customer journey, improving data analytics and use of insights and; improving integration of delivery channels. Moreover, given the fact that going forward digital lending is going to be a trillion- dollar opportunity in India (source: recent BCG’s Digital Banking Report), ‘Vanguard’ is a single futuristic platform that will take care of this emerging demand.”

With offices in Bengaluru, Chennai, Sydney and Melbourne, EPIKInDiF provides enterprise ready disruptive solutions for the financial industry, using the latest in digital, robotics and cognitive automation, open API and machine learning. It has customers spread across Asia, Australia, Africa and Americas.

Vanguard is built using enterprise grade independent modules such as In-Design Studio, Workflow Engine, In-built Credit Decision Engine, Document Studio, etc. It provides unparalleled opportunities to define, create or modify business applications by incorporating data models, CX & UX, business rules, workflows, dashboards and RPA to provide a superior digital experience for customers and bank staff. It is a single platform that can support any loans, accounts and deposit products. Being a Zero Code platform, it can be used by even business users in banks to design and launch products in hours and days rather than weeks and months thereby reducing turnaround time. Vanguard has the ability to design and configure intuitive and highly engaging customer and Internal User Journeys for different products, having in-built Robotics Process Automation and Cognitive Automation capabilities. As such it supports Customers (front office), Credit and Operations team (mid office), Product Managers (back office) and IT admin.

Further, the platform helps reduce the turn-around time for sanctioning and disbursing a loan to customers by digitalisation of data and simplifying customer engagement. The insights from the customer data can be used to design new products and identify new customer segments.  It is a Cloud deployment ready platform offering a “Pay as Use” model which is economical for the banks and financial institutions.

“Going forward, lending is expected to expand rapidly and multi fold in India in next five years due to the overall growth of Indian economy and the huge untapped potential for formal credit to retail and the SME segment. The availability of data in real time and digital form will enable the financial institutions to make and offer products which are customer centric and quick & easy to consume. At the same time, customer loyalty will come at a price where customers will demand products which are customized to their specific needs rather than buying an off-the-shelf product. A powerful and unique platform like Vanguard will empower the banks and financial institutions in this regard,” concludes Mr. Babu. 

About EPIKInDiFi:

Founded in 2017 by a team of bankers, technologists and entrepreneurs, EPIKInDiFi is a B2B fintech that provides enterprise ready, disruptive solutions for the financial industry using the latest in digital, robotics & cognitive automation, open API and machine learning. They are head quartered in Bengaluru with offices across Bengaluru, Chennai, Sydney & Melbourne. After working together for over a decade helping large and small banks across the globe solve their complex business problems, the team decided to create an eco-system which is agile, nimble and always listening to customer needs. EPIK, a scale-up stage niche software solutions company specializing in banking solutions covering all aspects of a bank’s digital transformation and journey.

About IntelleGrow:

IntelleGrow provides customized debt finance to small and growing businesses in India.IntelleGrow was established to help those enterprises access loans in a transparent way, which find it difficult to borrow from mainstream lenders. Since 2014IntelleGrow has served customers across a range of subsectors and geographies in India. We are registered as a Non-Banking Finance Company. IntelleGrow is responding to the market needs with a vision to deploy more than $100m (7500 crores) by 2022.Most lenders typically engage in traditional collateral-based lending to enterprises operating in established industries, with at least three consecutive years of profitable, audited track record. Existing lenders capable of lending to small businesses are often prohibitively slow and complicated to deal with or impose restrictive conditions, making it difficult for fast growing businesses to secure a loan when they need it most. IntelleGrow is working on the vision to set this right for the small businesses.