Case Study – Ujjivan Small Finance Bank

Craft Silicon enables a digital transformation at Ujjivan

Ujjivan Financial Services Ltd, a reputed small finance bank in India, boasts of wide penetration levels, serving more than 8.5+ Million Borrowers in 26 States and union territories with 661 Branches supporting around USD 2.5+ Billion of Loan Portfolio.

Craft Silicon has been Ujjivan’s reliable technology partner throughout the growth journey.

Branches

TOTAL BORROWERS

0 + Million

Loan Portfolio

0 + Billion USD

Delivered a framework of APIs to integrate with 3rd party systems as per requirements quickly. A landmark project that was completed in just 109 days: BR core banking solution went live across 661 branches with all transactions migrating to the new platform at one go!

Requirement

Ujjivan began MFI business in 2005, and was looking for a technology partner who could support their business requirements.
The journey began with 5 branches, they had business plans to extend services across India, seeking a tech partner capable of meeting their rapid expansion plan was of paramount importance.
As a part of the transition to Small Finance Bank, seamless integration with core banking system was a necessity.

Products used

BR TrackOD – Overdue Management

IL-OS – Individual Loan Origination System

TruCell – Field Operations

GLOW – Group Loan Origination System

Bankers Realm – Core Loan Management Solution

key achievements

key takeaway

In every organisation, change is inevitable. Today, after the core banking implementation, Ujjivan regards Craft Silicon as its trusted, long-term tech partner in growth.

Testimonial

It is one of the custom made solution designed to manage the unique model of Microfinance, which supports a high volume of transactions. It also provides cutting edge mobility solution and works seamlessly on tablet based solution making Doorstep banking a reality to the underserved and unserved segment of customers.

Co-Lending Management System

Customer App – Borrower Engagement

BR Analytics – Predictive & Dashboarding

BR TrackOD – Overdue Management

Virtual Lending