Markets: Nitstone’s partnership with TCS to offer financial solutions

Edaden says the partnership is to enhance digital footprint for strategic growth in NBFC markets

Nitstone Finserv, a Bengaluru-based Fintech (NBFC), says its technology partnership with Tata Consultancy Services (TCS) will combine deep industry knowledge, and experience to improve the end-to-end customer journey using integrated and intelligent adeptness, for loan sourcing and services through digital platforms.

TCS will enable Nitstone Finserv to gain access to real-time data and customer insights, enhancing business simulations for improved revenue, costs, and optimized operations further increasing its digital and platform positioning through advanced digital capabilities.

The partnership will also provide the customers seamless access to a suite of financial solutions that they’re able to tap on their path to financial independence.

TCS is one of the largest IT services companies in the world by market capitalisation and operates in 149 locations across 46 countries.

Nitstone Finserv, launched in 2018, provides quick financial solutions through personal loans, gold loans, and consumer durable loans to customers through online platforms and branches. The business model is uniquely characterised by a data-powered segmentation strategy, efficient and effective operating workflows and a robust governance mechanism.

“Our partnership with TCS helps us to enhance the digital footprint for the strategic growth of our business through a well-tailored origination solution, mitigating key risk parameters as well as providing the best customer experience,” Govindankutty Edaden, Executive Director, Nitstone Finserv, said on 11 Feb 2022.

“The TCS partnership will support the ambitious growth plans of Nitstone Finserv,” added Edaden. fiinews.com