Islamic Banking Solutions

Stay innovative and Shari'ah compliant with Finance Factory. Know more

Islamic Banking Solutions

Stay innovative and Shari'ah compliant with Finance Factory. Know more

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

Success stories

Lending System Modernisation and Consolidation helps a leading Indian Financial Institution Gain 40% OPEX Savings

The client is a smart, contemporary non-banking finance company (NBFC) focussed on offering customer convenience...

Lending Platform Modernisation powers a leading Financial Institution deliver 45% AUM growth, Save 30% Operational Costs

The client, is one of India’s top seven mortgage originators wanted to transform their customer...

Leading Financial Institution leverages Platform Business Model and Network Effects to grow its Retail Finance Business

The client is one of the largest Non-banking finance companies (NBFCs) in India engaged in...

Mawarid Finance

Mawarid Finance Goes Live with pennApps Interactive Communication Manager

Ajman Bank

Ajman bank goes live with pennApps Interactive Communications Manager (ICM) in shortest possible time.

Industry & analyst recognition

Pennant Technologies Wins Nasscom SME Inspire Awards 2023

Reinforces the company’s ability to drive customer value and deliver market leading growth Hyderabad, India;...

Pennant Technologies is Great Place To Work Certified

Awarded the prestigious Great Place To Work Certification Hyderabad, India; December 29, 2022 – Pennant...

Forrester Recognises Pennant as a Solid Player in its Global Banking Platform Vendor Report

The Banking and Financial Services Industry is undergoing a paradigm shift in transforming its digital...

Finalist at the 12th Annual Aegis Graham Bell Awards for the Category – Innovative Digital Transformation for Banking

Finalist at the 12th Annual Aegis Graham Bell Awards for the Category - Innovative Digital...

Recognised as a Major Contender in the Everest Group PEAK Matrix for Consumer Loan Origination Systems.

Recognised as a Major Contender in the Everest Group PEAK Matrix for Consumer Loan Origination...

InsightsView all

Collaboration: A Needed Approach for Lending in Australia

Australia has long paced itself forward by being an early adopter of financial services innovation...

From Data to Decisions: The Role of Generative AI in Modern Lending Operations

ChatGPT, a ground-breaking generative AI, has captivated the world with its extraordinary capabilities. Recent developments...

The 4 Ds of Lending Value Chains in Australia

The financial services industry in Australia is currently at the cross-roads, characterised by the 4Ds:...

How Banks Can Prevent Security Breaches

Encrypt Banking Data with an All-Linux Platform Integrated with Cutting Edge Fintech Solutions

Lending Factory on Z16 and LinuxOne RockHopper 4

Pennant Technologies Brings its Future Ready Lending Platform to New z16 and LinuxONE 4 Single...