Lentra, a cloud lending platform, announced a strategic partnership with Google to launch its modern SaaS Loan Management System namely, 1LMS on the Google Cloud Platform (GCP).
The company has claimed that 1LMS is built on modern cloud rails and utilises micro-systems architecture wherein all features and functionalities like KYC, Collateral, etc. are Microsystems. This provides a much desired agile system compared to. the current monolithic architecture where launching new products becomes a tedious process for financial institutions.
1LMS has been designed to solve big challenges and needs from lenders with the same loan management system catering to EMI and non-EMI products. While designing 1LMS special focus has been paid to the operations staff who at times have to toggle multiple screens to get the requisite information. 1LMS uses a very innovative 1Screen philosophy to ensure that all the information with regard to a borrower is on one single screen.
Bikram Singh Bedi, Managing Director, Google Cloud - India said “ We are thrilled to support and partner with innovative businesses like Lentra with Google Cloud’s versatile structure and power of data analytics that will modernize the lending systems, enable smooth customer journeys and deliver superior services.”
Sandeep Mathur, Chief Revenue Officer, Lentra stated, “We at Lentra are striving with the aim to enable lenders to fulfill the demands of millions of their borrowers. 1LMS is a major step in that direction and with our partnership with Google Cloud, we will enable the lending systems for modern institutions and will allow them to focus on launching new products quickly, scale, optimize and maximize efficiency. 1LMS being present on GCP enables us to take the solution instantaneously to our global markets.”