Diasoft, a global provider of cutting-edge core banking solutions, announced that its innovative Flextera has been selected by microfinance organization Bistrodengi to automate loans accounting business processes of the company and to support its development strategy.
Following the extensive business development strategy and its course for the market transparency, Federal MFO "Bistrodengi", the leader of "loan till payday" segment, and Diasoft have signed an agreement for the back-office automation of loans accounting business processes of the company on the basis of Diasoft cutting-edge JavaEE Framework.
"The solution of choice should to be flexible enough in order to quickly adapt our business to ever-changing market conditions and requirements, - says Yuri Provkin, CEO at Bistrodengi. - The key reasons behind our choice of FLEXTERA were the ability of the system to support increasing legislation and changes introduced by Regulator, as well as a high level of integration into IT-infrastructure of our company. FLEXTERA Loans appeared to be the only solution fully incorporating all of the above requirements."
FLEXTERA Loans ensures automated maintenance of lending contracts with individuals, legal entities and individual entrepreneurs, and supports operations with various types of loans. The functional scope of the solution includes automated interest accrual, payment plan generation, automated loan repayments, credit limit control, and product performance analysis. FLEXTERA can flexibly support the retail business of large multi-branch bank.
FLEXTERA Loans is a new generation of core banking solution, built on scalable high performance Diasoft Framework that allows it to support the rapid business growth of financial institution and easily increase performance depending on current business volumes of financial institution. By results of the project Bistrodengi will obtain high performance solution able to ensure successful business development for large microfinance organization.
"Our project with Bistrodengi appeared to be one of the first FLEXTERA implementations in microfinance sector, - says Dmitry Zubarev, CEO, Diasoft. - The main goal of our cooperation - to develop an innovative solution that can support an ever-changing legislation, be user-friendly, allow saving the time and ensure the most favorable conditions for our clients servicing. We hope for a fruitful collaboration and will go the extra mile in order to achieve all project plans."