Bajaj Finserv streamlines loan approvals with Fiorano
Bangalore, India, October 01, 2013. Fiorano Software, a leader in enterprise integration and messaging middleware solutions, announced that Bajaj Finance Limited, the lending arm of Bajaj Finserv, one of the most diversified non-banks in the country, has deployed the Fiorano ESB Enterprise Service Bus to automate data integration and scale operations.
By employing Fiorano's integration technology, Bajaj Finance Limited has reduced the maintenance and monitoring effort involved in business process integrations between multiple systems. Business processes orchestration is now more easily monitored and updated using the Fiorano Studio GUI. "At Bajaj Finserv, we have invested in technological partnerships to ensure we get best solutions for our customers. With Fiorano's seamless deployment, we were able to consolidate various integration processes into one single platform across organization. The integration not only made it convenient for us to monitor all process flows centrally, but also enabled us to provide our customers with a simple and hassle-free experience" said Mr. Rakesh Bhatt, Chief Operating Officer at Bajaj Finserv.
Bajaj Finance Limited has invested deep in technology and process innovations to create long term sustainable advantages. This has allowed the company to create win-win propositions for all members in the ecosystem. The company's long-term strategic intent is to do more with their existing customer. The partnership with Fiorano is a proof point of how the company approaches innovation and its internal policy framework to create compelling long term brand propositions for its customers. Fiorano was chosen by Bajaj after a careful analysis of integration platforms including offerings from IBM and Oracle.
About Bajaj Finserv
Bajaj Finance Limited is part of the non banking financial conglomerate Bajaj Finserv group which also include the insurance arm Bajaj Alllianz and the advisory firm, Bajaj Wealth Management. The lending arm of the group, Bajaj Finance Limited is one of the most diversified NBFCs in the Indian market catering to more than 6 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Durable Loans, Personal Loans, Loan against Property, Small Business Loans, Home loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Construction Equipment Loans, Loan against Securities and the recently introduced Lifestyle Finance. Bajaj Finance Limited prides itself for holding the highest credit rating of FAAA/Stable for any NBFC in the country today.
Founded in 1995, Fiorano is a trusted provider of enterprise integration middleware, high performance messaging and distributed systems. Fiorano's innovative event-driven SOA platform integrates applications and complex technologies into an enterprise nervous system. Fiorano's hybrid Cloud-ESB integrates applications across SaaS, PaaS and on-premise worlds.
Global leaders including Federal Bank, Commercial Bank of Africa, NASA, US Coast Guard, POSCO, British Telecom, AT&T Labs, Vodafone and L'Oréal have deployed Fiorano's solutions to drive innovation through open, standards-based, event-driven SOA applications yielding unprecedented productivity.