Biz2X, a digital lending SaaS platform which enables financial institutions to provide a customised online loan servicing experience for their small and midsize business customers, has announced the launch of Biz2X LMS (Loan Management System), an end-to-end API-based platform for Loan management, Servicing, and Collections. It is an advanced and most comprehensive bank loan management system that automates the entire loan lifecycle for achieving cost savings and enhanced customer experience. It is a digital loan servicing platform that provides scalable and modular solutions to grow for a small to large client base and covers all the necessary core lending bank processes.
Biz2X LMS can be accessed through the REST API. It can be integrated with any downstream or upstream system, including core banking systems, accounting software, and consumer-facing apps. It is a highly configurable platform that can be configured with over 500 different parameters. With an in-built reporting and analytics module, banks and financial institutions can extract, transform and analyse the LMS data. With REST APIs banks/financial institutions/ NBFCs can also pull the data to their portfolio. With Biz2X API-based LMS, banks and financial institutions can automate all their manual activities by integrating the systems to a single centralised platform.
On the launch of Biz2X LMS, Vineet Tyagi, Global CTO, Biz2X said, “Our solutions are at the heart of some of the largest Indian banking, financial institutions and NBFCs. This solution is truly seamless without any manual intervention by integrating the systems to a single centralised platform, solving one of the most crucial problems of the lending industry. Moreover, this has highly flexible product configuration and easy integration to external/third party services and payment gateway integrations.”