Latest news with #LoanOriginationSystem
The Hindu
4 days ago
- Business
- The Hindu
Tata Capital unveils pan-India phygital expansion
Tata Capital Ltd is deepening market penetration to serve it's customers better and will soon embark on pan-India network expansion as per filings in it's updated Draft Red Herring Prospectus (U-DRHP) with market regulator SEBI ahead of its mega IPO. In the filing the company has detailed it's expansion blueprints for scaling the business by ramping up its nationwide physical branch network with an ecosystem of external partners and digital platforms. In its U-DRHP document, the company has highlighted a calibrated omni-channel credit distribution layout, underpinned by a 'phygital model' that enables it to tailor credit offerings based on customer profiles, product types, and locations, thereby optimising reach and delivering a seamless customer experience. As of March 31, 2025, the company has incrementally scaled its physical footprint to 1,496 branches across 1,102 locations in 27 States and Union Territories, up from 867 in March FY 2024 and 539 in March FY 2023. This growth aligns with the company's commitment to deepening market penetration and enhancing customer access, the company said. To drive profitable expansion and targeted credit access, Tata Capital said it deploys geo-analytics and geospatial intelligence to map customer demographics, income clusters, and evolving credit demand. These data-led insights guide branch placement, particularly in high-potential Tier II and III cities, enabling the company to optimise resource allocation, enhance market penetration, and unlock scalable growth, it said. To complement the physical expansion the company has an external partner channels, comprising over 30,000 DSAs, 400 OEMs, 8,000 dealers, and more than 60 sourcing digital partners. Tata Capital said it's digital platforms, including its website, mobile apps, IVR, and partner-integrated interfaces further strengthen its omni-channel presence. As per the DRHP 97.8% of Tata Capital's customers were onboarded through digital platforms in fiscal 2025. It has built a digital infrastructure to improve efficiency, transparency, and customer experience across its lending ecosystem. Its Loan Origination System (LOS) automates the end-to-end loan process and integrates with CRM and loan management systems, enabling faster, data-driven decisions. Advanced technologies such as API-driven automation, multilingual GenAI virtual assistants, and AI-enabled email response systems further streamline onboarding, enhance service delivery, and support scalable growth, the company said. Following the filing of its updated DRHP, Tata Capital now moves closer to its proposed $2 billion IPO, which is expected to hit the market in the first half of September 2025. This will be one of the year's largest IPOs in the financial sector.
Yahoo
7 days ago
- Automotive
- Yahoo
Algebrik AI and Open Lending Partner to Expand Intelligent Auto Loan Decisioning for Credit Unions
NEW YORK, Aug. 11, 2025 /PRNewswire/ -- Algebrik AI Inc., a Delaware-incorporated company headquartered in New York City and pioneering the world's first cloud-native, AI-powered, digital-era Loan Origination Platform (LOS), today announced an integration with Open Lending Corporation, an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions. This collaboration aims to strengthen auto loan decisioning capabilities within Algebrik's cloud-native, AI-powered LOS—part of the Algebrik One lending suite—enabling credit unions and community lenders to confidently extend credit to near- and non-prime borrowers while minimizing risk and streamlining workflows. Enabling Risk-Aware Auto Lending at Scale Open Lending's Lenders Protection™ platform empowers financial institutions to safely approve near- and non-prime auto loans by combining real-time risk modeling, pricing optimization, and insurance-backed loan protection. Through this partnership, Algebrik's Loan Origination System, part of Algebrik One, Algebrik's agentic AI-powered lending suite, now offers built-in access to the Lenders Protection™ platform, allowing credit unions to: Evaluate near- and non-prime applicants using Open Lending's advanced decisioning engine Receive real-time decisions (approved, counteroffer, or denied), including APR, terms, stipulations, and certificate numbers Automatically surface stipulations tied to counter-offers (e.g., vehicle details, income verification) within the lending workflow of Algebrik's Loan Origination System Leverage Open Lending's insured, risk-based decisioning directly within Algebrik's LOS- no external systems needed. Algebrik AI's LOS delivers this capability through a unified, AI-powered experience—supporting both loan officer and borrower-facing workflows. Lenders can seamlessly manage counteroffers, display dynamic payment terms, and track certificate numbers, all within a single, modern interface. Strategic Insight: Why This Partnership Matters Pankaj Jain, Founder and CEO of Algebrik AI, commented on the partnership: "We believe modern lending stacks must function as ecosystems—not toolkits. By partnering with Open Lending, we're deepening the intelligence of loan decisioning and giving lenders a seamless path to responsible loan growth. With Open Lending now embedded in Algebrik's LOS, lenders can reach underserved borrowers while maintaining the operational efficiency and compliance they demand." Josh Marcy, Chief Product Officer at Open Lending, added: "Algebrik brings a modern, purpose-built approach to lending infrastructure. The Algebrik integration leverages best practice automation capabilities and a dynamic user experience, offering fast and accurate automatic decisions that accelerate loan originations for our mutual customers. Their team has delivered a clean, intuitive experience that aligns with our vision for the future of inclusive, data-driven auto lending. " For more information on how Algebrik AI is transforming lending, visit For latest on cutting edge lending technology & AI, follow Algebrik AI on Linkedin at: Or chat with the Algebrik AI team at: letschat@ About Algebrik AI Algebrik AI, headquartered in New York City, is the company behind Algebrik One: the world's first cloud-native, AI-powered, digital-era Loan Origination Suite (LOS), designed for the next generation of members. In an industry that hasn't seen significant innovation in lending technology in over 25 years, it was high time someone stepped in to help credit unions of all sizes regain their former glory. Algebrik AI's mission is to empower credit unions to attract, engage, grow, and retain next-gen members while staying competitive in today's digital era. With Algebrik One, an end-to-end lending suite that includes Digital Account Opening, Lender's Cockpit (LOS), Omni-channel Point of Sale (PoS), AI Decision Engine, and Portfolio Analytics, we take on the heavy lifting; so credit unions can focus on helping the members and communities they serve. For more information, visit About Open Lending Open Lending provides loan analytics, risk-based pricing, risk modeling, and default insurance to auto lenders throughout the United States. For over 20 years we have been empowering financial institutions to create profitable auto loan portfolios with less risk and more reward. For more information, please visit Media Contacts: Prateek Samantaray Chief Marketing Officer letschat@ View original content to download multimedia: SOURCE Algebrik
