Ujjivan SFB has teamed up with NIRA in India to supply private loans.
As reported by the Financial Occasions, Ujjivan SFB famous that the partnership with NIRA is a key a part of their enterprise method of utilizing API Banking options as a part of strategic Fintech collaborations. This partnership ought to assist the financial institution with onboarding shoppers for personal loans.
Ujjivan Small Finance Financial institution confirmed earlier this week that it’s going to work with Fintech NIRA in order that salaried shoppers might apply for a private mortgage through the NIRA app which is accesssible by means of the Play Retailer.
NIRA is a Bangalore headquartered Fintech firm that focuses on financing India’s salaried employees, who could also be incomes wherever round Rs. 15,000 (appr. $200) per 30 days. This partnership ought to help Ujjivan SFB with onboarding extra clients for private loans.
Dheemant Thacker, Head – Digital Banking, Ujjivan Small Finance Financial institution, acknowledged:
“A sturdy API Banking framework to allow fintech partnerships corresponding to NIRA is on the core of our digital technique and helps increase our digital growth. Collaboration with fintechs like NIRA performs an important position within the monetary ecosystem, particularly to serve the mass market. Such partnerships will assist us to succeed in out to extra clients with higher merchandise and choices with ease and comfort.”
Manish Kumar Raj, Enterprise Head – Private Mortgage, Ujjivan Small Finance Financial institution, famous that they’ve been pursuing this partnership and several other others of their quest or intention to serve each kind of consumer. Raj added that NIRA, with their “diversified” method, gave them this key alternative they usually hope this will likely be “a profitable collaboration.”
Rohit Sen, Chief Government and Co-founder at NIRA acknowledged that after surviving the COVID-19 crises “extraordinarily” effectively, they’re starting to once more concentrate on their mission to “deliver credit score entry to the city mass market in India.”
Rohit additionally talked about that they’ve developed stable experience in credit score scoring and gathering from this group, and “in collaboration with banks corresponding to Ujjivan SFB, we are able to ship the appropriate product in a well timed method to this phase.”
Ujjivan SFB chooses Fintech corporations for partnerships when they’re able to deal with sure necessities. The financial institution additionally has numerous APIs for faster integration with Fintech platforms.
The post Ujjivan Small Finance Bank Partners Bangalore based Fintech NIRA to Provide Personal Loans to India’s Salaried Workers appeared first on Correct Success.
source https://correctsuccess.com/loans/personal-loan/ujjivan-small-finance-bank-partners-bangalore-based-fintech-nira-to-provide-personal-loans-to-indias-salaried-workers/
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