A Global Top 10 Bank

Selects pennApps Lending Factory to Modernise its Lending Operations

Pennant Technologies has won a multi-year, multi-million deal from one of the Global Top 10 Bank (in market capitalization). Based in Asia, the Bank has more than $200 Billion assets under management. As part of the program, Pennant will be implementing the Loan Management System (LMS) and later on Loan Origination System (LOS) modules for specific segments of the Bank’s lending portfolio. The Bank’s existing legacy lending platform had multiple issues, including of scaling up, as it was unable to effectively meet the high performance demands of lending operations in the current digital age.

The Bank wants to implement a modern, highly configurable lending platform to address the varied needs of its diverse customer base. Once deployed, the platform is expected to support the needs of various segments including consumer loans, personal loans, auto loans, home loans, etc. At peak performance, pennApps Lending Factory will be used by more than 15,000 number of users, manage millions of loans and have a direct and indirect impact on its diverse customer base.

pennApps Lending Factory was selected for its high configurability, strong capabilities to operate at scale, and capabilities to deliver the desired performance during high volumes of transactions.

Industry & analyst recognition

Pennant Honored with Stevie Award for Platform based Lending Software System

pennApps Lending Factory wins award for the second consecutive year Hyderabad, India; August 07, 2022...

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...

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