Finance Factory
Digital disruption ushered in a new era for banks to raise the bar for delivering differentiated customer experiences. This is even more relatable for Islamic Banking as the need is to adhere to and be consistent with the principles of Islamic Law – Shari’ah and offer innovative, Shari’ah compliant solutions for world-class customer experiences.
pennApps Finance Factory is a comprehensive enterprise finance management solution that helps banks to effectively manage their Islamic finance product portfolio, encompassing finance origination and finance management/servicing activities and supporting diverse Islamic financing needs

Built on Pennant’s next-generation application framework, the unique concept of functional factories and business-process driven execution engines deliver the required modularity, flexibility and componentisation. It offers the required scalability, cost advantage and speed to accommodate introduction of new lines of business and new product development.
Accelerate time to market
Finance Factory enables you to offer customised products to meet market demands in a timely manner. Offer innovative products with true time-to-market advantage.
- Innovative Configurable Business Rules
- Define Flexible Products for Bank Needs
- Flexible Eligibility Checks
- Configure Pricing and Rates
- Define Controls for Management


Improved operational efficiencies
Business process centricity enables you to define and review, and improves the process by reconfiguring the workflows as and when desired.
- Configurable Accounting
- Formula Based Accounting Entries
- Event Based Postings to Accounts
Improved risk management and risk assessment
Streamlines and helps you define various attributes including customer details, multiple policies with minimum/mandatory/exceptions, etc., for effective risk management.
- Rules Based Scoring
- Credit Bureau Integration Feasibility
- Configurable Dedupe Fields
- Black Listing and Negative Checking


Intelligent finance management
End-to-end business process automation right from data capture to credit processing, and approval to disbursal with built-in validations including functionalities like dedupe and blacklist.
- Retail and Corporate Type Finances
- Fixed, Floating and Term Finances
- Complete Life Cycle Management
- Multiple Disbursements
- Easy Profit Rate Management
- System Driven Settlements
- Transparent Profit Calculation
- Customer Driven Billing Cycles
- Daily Accrual
- Flexible Rule Based Fee Management
- Penalty Management
- Delinquency Management
Comprehensive reporting & dashboards
Various management or operational reports and interactive dashboards assist you in monitoring the turnaround statistics of all the stages of finance servicing.
- Dashboards
- Drill Down Reports
- Alerts and Escalations
- Documented Data Model
