miFIN Lending and Leasing Suite is a comprehensive platform designed for banking and financial services companies to completely automate the lending and leasing business processes, from customer solicitation to underwriting, disbursals, servicing, customer service, collections, revenue and expense booking, regulatory compliance, etc.
Business Benefits of miFIN Lending
Increased sales productivity
Higher operational effectiveness: A highly configurable masters driven system, with bulk/batch handling of volume operational processes like receipts & clearance uploads, rate resets, etc, results in high operational efficiency.
Better credit assessment: Multi-bureau checks, deduplication, identity validations, industry based income assessment templates for SMEs, and a configurable credit policy engine ensure your risks are minimized.
Strong control and compliance: Strong enterprise architecture ensures flexibility and configurability without any compromise on effective controls and compliances. miFIN provides the framework for configuring various regulatory and business policies for accounting, KYC, delinquency, provisioning and NPA norms.
Launch new product variants: Ability to configure product variants like flexible structures, overdrafts, moratorium in between a loan term in addition to your regular products, flexible charges definition and other rules.
Improved collections efficiency: With features such as mobile collection, geo tagging of field collection efforts, settlements, legal and recovery, you get a real-time and efficient enabler of your collection efforts.
With a mobile and web driven originations platform that’s backed by a robust service and management engine, miFIN helps lending companies to drive paperless collaboration among its stakeholders. With multiple integrations to bureaus and other third party data providers, industry templates for income assessment, configurable credit policy and eligibility calculator, miFIN results in improved and faster credit assessment, and increased efficiency across the lending lifecycle.
Increased sales productivity: The web and mobile based paperless disbursal model empowers your sales team to drive an in-principle sanction in minutes.
Higher operational effectiveness: A highly configurable masters driven system, with bulk/batch handling of volume operational processes like receipts & clearance uploads, rate resets, etc, results in high operational efficiency.
Better credit assessment: Multi-bureau checks, deduplication, identity validations, industry based income assessment templates for SMEs, and a configurable credit policy engine ensure your risks are minimized.
Strong control and compliance: Strong enterprise architecture ensures flexibility and configurability without any compromise on effective controls and compliances. miFIN provides the framework for configuring various regulatory and business policies for accounting, KYC, delinquency, provisioning and NPA norms.
Launch new product variants: Ability to configure product variants like flexible structures, overdrafts, moratorium in between a loan term in addition to your regular products, flexible charges definition and other rules.
Improved collections efficiency: With features such as mobile collection, geo tagging of field collection efforts, settlements, legal and recovery, you get a real-time and efficient enabler of your collection efforts.
With a mobile and web driven originations platform that’s backed by a robust service and management engine, miFIN helps lending companies to drive paperless collaboration among its stakeholders. With multiple integrations to bureaus and other third party data providers, industry templates for income assessment, configurable credit policy and eligibility calculator, miFIN results in improved and faster credit assessment, and increased efficiency across the lending lifecycle.
Why miFIN?
Selected as platform of choice by established and new-age lending companies alike
miFIN has earned the trust of several established lending companies including Karvy Finance, Orix Financial, Cholamandalam, SKS Microfinance and new age digital lending companies like Vastu Housing Finance, Aye Finance, Aviom Housing Finance, etc.
Comprehensive platform with complete lending eco-system coverage
Arguably the only platform with a holistic view of the lending eco-system, from customers to third party workforce and internal business users across business functions.
Scalable and robust
Designed and architected by domain and technology experts and tested for scale, miFIN provides the right blend of comprehensive functional features in an enterprise grade secure technical architecture built on the premise of modularity, scalability and configurability.
Backed by a strong delivery and support team
In addition to the product, we differentiate ourselves on the trust that our customers place on our delivery and support team that is always ready to go the extra mile in our commitment to our clients’ success.
Define income (interest, fee) recognition norms, and dynamic accounting policy
The Product Highlights
API Box providing integration with multiple bureaus and other third party service providers
Complete collateral management including creation, valuation and release of multiple types of collaterals
Strong deviation management workflow for exceptions tracking and resolutions
Intelligent decision support engine for simplified and effective underwriting
Integrated document management system with ability to define, scan and retrieve documents at different stages in lending lifecycle
Configurable collections and mobile-based real-time collections feed
Configurable collections and mobile-based real-time collections feed
Customized Lending Solution For
Retail Lending
Corporate Lending
Builder Funding
Microfinance
Leasing
Success Stories
Client Speaks
I have joined Qualtech at 2010 and enjoyed my 7 years with “Qualtech Family”. It is inspiring to work for a company that encourages growth and offers opportunities for advancement. Qualtech is a emerging Financial Domain Software Development company, always have lots of Projects, interesting & challenging work to do, which needs some extra effort…
It’s been 7 years that I have been working in Qualtech and it has proved to be a good experience for me. I have been able to develop myself both ‘personally and professionally’. Qualtech Consultants is by far best place to work for numerous reasons, first and foremost, the culture of the organization thrives on…
Highly Recommended!! That’s what me and my team would like to say on miFIN™ Collections System. Rich in functionality with an impressive User Interface makes my team more productive and in control of the collections efforts. I get to see real time view of the collection effort across the team and portfolio with an ability…
Qualtech is a great place for young and creative minds to apply their skills and knowledge they possess and let their talent prosper in a positive work environment. At Qualtech, I am always treated as a professional should be and I am also thankful for the support. I am very happy to be a part…
I have been working in Qualtech Consultants for the last three years. It’s been a very good experience. I have got several opportunities to improve my Corporate Etiquette, Time Management, Goal Setting, Email Writing Skills etc. Also, I experienced great work culture with colleagues and supervisors and their whole-hearted support. Qualtech Consultants is a great…
Since joining Qualtech, in 2006, as an Engineering Analyst, not only am I surrounded by brilliant, friendly, and talented people, but I have been provided with many opportunities for my personal and professional development. Qualtech helps you succeed by encouraging growth through internal training and challenging work opportunities and recognise and reward your hard work.
It has been a year since I am working with Qualtech and I must say that it has brought about many positive changes in me in terms of building leadership qualities, developing confidence, working together as a team to achieve complex tasks with quality and has enabled me to realise my potential to the fullest….
The journey from being a fresh Graduate to Business Analyst was smooth. Thanks to exhaustive training, one-to-one mentoring and minimal bench period. This helped a lot in gaining on-hand experience of the ‘real’ corporate world from the very start which proved to be boon, accelerating the growth, both personally and professionally. Thumbs up to relaxed…
It is inspiring to work here as it encourages growth and offers opportunities for advancement. One of the good things about Qualtech is its open and free culture and flexible timing which creates perfect work-life balance. I appreciate all that I have learnt from my seniors and I am proud to be a part of…
It’s been 2 years since I joined Qualtech and it’s been a wonderful experience here. It has helped me grow both personally and professionally. I had a change in profile and it was an experience which enhanced my technical skills. I am proud to be a part of Qualtech.
It’s been 2 years that I have been working in Qualtech and it has proved to be a good experience for me. Qualtech is a great place for young and creative minds to apply their skills and knowledge they possess and let their talent prosper in a positive working environment. I have been able to…
“If there is anyone I have come across who understands lending business as good as they understand technology, it has to be Qualtech. And this reflects in their product miFIN™. We have implemented miFIN™ for our Home Finance and Commercial Vehicle Finance and are in the process of implementing miFIN™ for our leasing business as…
“We rely on Qualtech to provide expertise to deliver a custom designed team/organization order management solution hosted on Cloud. From database design to front-end UI/UX running on a Ruby on Rails framework their team allows us to focus on growing our business while they solution our platform. If you’re looking for a development partner, then…
“We would like to thank Team miFIN™ for the herculean task of migrating out of our legacy system. The challenges were plenty – limited documentation of legacy system, underlying data issues etc. and unavailability of support from existing vendor didn’t help the cause but the ownership shown by miFIN™ team was exemplary.”
“Qualtech has been contracted by CitiFinancial for end-to-end process pf application management and delivery of mission critical projects. The challenges were numerous: act as process re-engineering to improve operational efficiency and effectiveness significantly, ultra-short delivery and release cycles, the technology execution team to understand the business domain and processes, facilitation and coordination in multi-vendor project…
“We pride ourselves on being a progressive, technology-driven and people-oriented company. When looking for a domain and technology experts to provide us consulting on product assurance at the time of our application systems launch, we evaluated and chose Qualtech Consultants to handle the crucial job of the entire application testing. From the outset, their professionalism,…
“We want to thank you all for delivering an impressive final result. You have cracked an extremely difficult project involving complex technology. We had a grand experience working with your skilled and friendly team. Your team showed tenacity and courtesy whenever a problem arose and tackled issues with timely gusto. Communication was always excellent and…
“Very good work, exactly what we were looking for – Complete Automation! The team had strong technical expertise and vision to analyze existing applications and processes, and it empowered them to re-engineer processes and technology alike. The experience, dedication, and commitment of the team had given us the confidence to take critical assignments. I would also…
“We find Qualtech’s ability to ‘think out of the box’ very helpful. The effective project and process management has made the geographical distance meaningless. Quality and timely delivery has been a hallmark of our engagement.”
“Customer focused, Quality conscious, and agile, Qualtech has delivered whatever it has promised. The team is very energized and works in highly professional manner apart from having high understanding /pickup of business logics. Their domain knowledge and expertise in BI technology is remarkable and services of best standards. They implemented an enterprise data warehouse for…
“We are one of India’s leading financial services distribution company in the lending industry since 1989. With an operational footprint across 25 cities, 1500 employees, multiple products on offer, 50+ partner financial institutions etc. we felt the need for an end to end automation solution. We are glad to have partnered with Qualtech to implement…
“With the constant change and our unconventional view of the Indian financial market we evaluated various Loan Systems on different parameters including depth and breadth of features. Finally, we selected Qualtech’s miFIN™ platform and we are happy we made the right choice. The change in the technology infrastructure in the last few years – low…
“We are extremely happy to have chosen miFIN™ Data Quality and Deduplication solution for implementing Unique Customer Identification Code (UCIC) requirement at Tamilnad Mercantile Bank. It is a powerful and configurable software that allows us to define data quality rules upfront in the application process. miFIN™’s proprietary algorithms for deduplicating names and addresses has resulted…
“We have an unconventional view of the Indian financial market. Thus, we evaluated various traditional Loan Systems available in the market on different parameters including depth and breadth of features. Finally, we selected Qualtech’s miFIN™ platform and we are happy we made the right choice. Besides the product, the complete ownership character of Qualtech assures…
When it comes to IT Consulting and Software Solutions there are loads of commentators that talk a good game, but Qualtech Consultants Pvt. Lt. help you make it happen. It’s engaging customers and industry commentators alike, and bringing our new business great results.
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