Nelito – Fintech Partner at The Economic Times NBFC's & Micro Finance Summit

The Lalit, Mumbai: On 8th of March 2018 the first edition of THE ECONOMIC TIMES NBFC'S & MICRO FINANCE SUMMIT was held in Mumbai owing to the growing magnitude of Non-Banking Financial Companies (NBFCs) & Micro-Finance Institutions (MFIs) in the country.

This day-long conference had an eclectic mix of speakers highlighting the overall success of the industry through case studies; discussing the challenges through panel discussions and exploring ways in which technology is changing the face of this industry. The summit highlighted the growth, success, challenges and other concerns of the industry through interactive keynotes, roundtable discussion and Digi talk.

Mr. Punit Jain, CEO at Nelito Systems Ltd. was one of the Panellist for "The role of Financial Inclusion: The success story of NBFC's and Micro Finance" discussion session. During this session Punit emphasized on why agility is imperative in the financial sector and how it sets NBFCs apart from banks. Though the functioning structure of NBFCs & MFIs is more buoyant than the Banks it requires technological & digital enhancement." He also put forth his views on How do NBFCs achieve agility? And how technology can help them to achieve the same? He states that, "It can be obtained in two approaches one is having a great product to use as a lending platform and the need of mobile first & cloud ready solution. Secondly as the world is transforming digitally today, the need of system integration with external systems.

This session was then followed by a DigiTalk session, "Financial Disruption: Laying Digital Footprints to drive financial inclusion's" which emphasized how technology is shaping the financial landscape in India. And we also got to learn how technology has helped NBFCs become more efficient in terms of consumer data, design and introducing new products, reach and expand a customer base effectively to acquire new customers, better customer service, etc.

During the "Recent trends in Fund Raising" Trialogue session we learnt how the fast track registration process has given a push to foreign investment and how IPO's have raised the investment in NBFC's. The last Panel discussion was about, "Regulations: Its Evolution & changes ahead", which mainly highlighted the evolution of the regulatory framework for NBFCs in India which has gone through a cyclical phase–from simplified regulations to stringent and extensive regulations and eventually towards rationalisation.

Team Nelito eminently showcased its successful Integrated Lending Management Solution and Core Microfinance Solution devised to take NBFCs and MFIs to the next degree of consumer satisfaction and growth. Nelito's stall in the exhibition area was a busy place where bankers saw live demos of our solutions while also understanding and discussing about the different offerings by Nelito with our sales and marketing team.

CLIENT SPEAK

  • The Meticulousness of efforts to ensure customer delight by each of the team member during the course of the project is appreciable. - Data Archival Project

    R. Ganesh (Senior Manager)

    Indian Overseas Bank
  • Overall we are happy with the services provided by Nelito. The implementation team is sensitive to our support requirements and does a good job.

    Vinayak Khadye (Chief Digital Officer)

    Finanzmart Services Pvt Ltd
  • We are extremely thankful to the whole team who have devotedly committed and created this excellent database. Much of our time was wasted in data retrieval from i link where we were facing lots of issues.

    You have given us an awesome product which is superior to our Finacle itself in its display capabilities. The great idea of taking pdf/word/excel option is simply superb. Merging the party code and Finacle CIF and account numbers are another feather in the cap.

    N Sampath Kumar (Branch Manager)

    Corporation Bank
  • We have successfully made Nelito's Fincraft Software for NBFC live in early March for LOS,LMS and Sanjiv Khalkho, Arijit Chakraborty with his team have been very instrumental in making this software live . I would like to appreciate on the turnaround time during the go live phase of the team in getting some of our key requirements done and helping our users to use the software for recording and disbursing all the sales from the software.

    In technology side I would like to praise Pramod Navale and Ganesh Khetmalis for in depth knowledge of the product and their technical skills is outstanding. Looking forward for the continued relationship for our next release and whole of 2018.

    Prateek P Katyal (CTO)

    WheelsEMI Pvt. Ltd
  • "We are extremely pleased with the kind of support extended by you and your team for our year end work. Although whole bunch of people worked for making the support seamless from your end, my special thanks to following resources. Anurag, Arpit, Arvind, Pranit, Suraj, Udgran, Nilesh, Leena and Udgrand. Also, thanks to all others who have supported us directly or indirectly at your end."

    Ananda Padebettu (IT Manager)

    The Nav Jeevan Co-op Bank Ltd.
  • "For a Bank of our size, this system suffices and is very cost effective. Almost all of the bank’s activities run on the one system. Nelito constitutes a partner more than a supplier and the relationship includes provision of the bank’s underlying technology as well as its Fincraft range of applications."

    Chairman

    The Nainital Bank Ltd.
  • "The best mix of functionality and technological support and our vision of “Cash Less and Paper Less” work environment for Sonata has come true with our technological partner Nelito. I highly recommend FinCraft Core Microfinance platform and especially integrations with a number of third party services."

    IT Head

    Sonata Finance Pvt. Ltd.
  • CBS

    "We are happy to use FinCraft Data Archival & Retrieval solution from Nelito Systems; it has given huge ROI in terms of saving revenue by retiring legacy applications. We get all desired reports in a timely manner from the solution."

    Assistant General Manager (CBS)

    United Bank of India
  • Custom Application Development testimonial

    "Proactive & professionally supportive, technically skilled team."

    General Manager

    Federal Bank
  • DGM

    "My bank is working with Nelito from the last about 9 Years and the services provided by the company may prolong our association."

    Sikander Gupta | CEO

    The Jammu Central Co-op Bank Ltd.
  • DGM

    "Knowledge and service provided to the bank is beyond expectation. And we would definitely engage and recommend solution to others."

    Rachelle F. Rivas | IT Project Manager (Senior Manager)

    Bank of the Philippine Islands (BPI)
  • DGM

    "As Vendor strict adherence to process & procedures. Risk Mitigates in Place. Flexible to customer requirements."

    Dinesh Negi | VP (Clg)

    DCB Bank Ltd
  • DGM

    "Everything was successfully implemented and tested. The implementation was professionally done in a very efficient and cooperative manner. Migration was very smooth."

    Frithjof Ramb | Vice President

    SBI- Frankfurt, Germany
  • DGM

    Support services provided for Swift is really up to the mark and meets all clients requirement. Kindly keep this ongoing.

    Rudolph Banis | Head - IT CBS and Application Management

    IndusInd Bank
  • DGM

    Excellent

    Navin A Bijur | Manager - IBD

    The Shamrao Vittal Coop Bank Ltd