New Launch14 Aug 2025, 06:04 pm
Purple Finance Ltd. to Develop In-House Loan Origination System for INR 85 Lacs
AI Summary
Purple Finance Ltd. has announced the development of an in-house Loan Origination System (LOS) in partnership with Techbulls SoftTech Private Limited. The project is estimated to cost approximately INR 85 lacs plus applicable taxes. The LOS is expected to be developed and operational within a period of nine months. This move is expected to enhance the company's operational control, improve process efficiency, and enable quicker adoption of new technology enhancements.
Key Highlights
- Purple Finance Ltd. to develop an in-house Loan Origination System (LOS)
- Project estimated to cost INR 85 lacs plus applicable taxes
- Partnership with Techbulls SoftTech Private Limited for the LOS development
- Expected to be operational within nine months
- Initiative aims to enhance operational control, improve process efficiency, and enable quicker technology adoption