Paul Merchants Finance is working with Sesame Software (A Speridian Co) to implement a new LOS and LMS system.
chandigarh, India, September 29, 2022 /PRNewswire/ — Sesame (A Speridian Co) was selected as the transformation partner of Paul Merchants Finance to successfully implement its Beacon Loan Management System and digital lending solutions for Paul Merchants Finance Ltd. Sesame (A Speridian Co) equips Paul Merchants with loan origination system, loan administration system and digital lending platform.
Paul Merchants Finance replaced its legacy LOS and LMS systems with Speridian’s cutting-edge digital platform to support its growth strategy.New system up and running June 2022A new system, the Beacon Banking Solution, will help businesses increase efficiency, provide faster service, improve the overall customer experience, and increase the speed at which new products and schemes are launched. The new system offers faster processing of loans, payments, and data analysis.
The Beacon core system was implemented in anticipation of Paul Merchants Finance Ltd’s rapid expansion and future plans. Paul Merchants Finance currently manages over 2,00,000 customers through 76 gold loan branches across his seven states in the United States. north indiaThe new system will support the expansion of the lending sector and the integration of other businesses such as insurance, prepaid cards and money transfers into one platform.
“We are a customer-centric organization, and we always strive to provide convenience and customer support to provide our customers with the utmost satisfaction.To provide our customers with a world-class experience, Sesame Software We have partnered with Migrate to a modern technology platform that enables us to rapidly build customized digital financial products with a modern, agile, open platform for uninterrupted financial services. We are happy to announce that the implementation was successful. Rajneesh BansalManaging Director, Paul Merchants.
“After completing our research and development, we will incorporate the latest and upcoming technologies into our solutions, include all the latest features in our solutions, and provide the greatest number of transparency, security, and equivalent services to our customers through the greatest number of channels. We are focused on equipping the FI to provide for regulatory compliance,” said Vinod VC. Managing Director Sesame Software Solutions Pvt Ltd
Speaking at that time, Mr. Shabu Cheerian (CEO of Paul Merchants Finance) said: As the most advanced new age financial services provider, we are now poised to offer our customers on-demand financial products. To our wide range of services he will soon introduce Internet Banking and his mobile application which will give him 24/7 access. ”
About Paul Merchants
Established in 2010, Paul Merchants Finance is a wholly owned subsidiary of Paul Merchants Ltd, a 30-year-old BSE-listed conglomerate.Paul Merchants Finance has established a strong global presence north india, in a short period of time.The company offers fast and easy gold loans under the NBFC license issued by Reserve Bank India is revolutionizing in India We empower individuals and small businesses to achieve big goals with our diverse financial services. The company has experienced tremendous growth in recent years. With the opportunity to expand its footprint to new locations, the company has emerged as one of the fastest growing gold loan companies in the country.
About Sesame of Speridian Group Company
Sesame Software Solutions Pvt Ltd is a Speridian Group Company, a pioneer in providing banking and financial solutions to banks and NBFCs for over 25 years. It now has a global presence, serving different sectors of the industry including PSU banks, public/private sector banks, NBFCs and cooperatives.
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Source: Paul Merchants Finance