Ujjivan Financial Services partners with i-exceed for Appzillon based solutions
Chennai: i-exceed technology solutions, a Bangalore based company specializing in providing digital solutions has partnered with Ujjivan, a leading micro finance institution which will be transforming into a small finance bank, to provide mobile and internet banking apps for their end customers.
In addition, i-exceed would also deploy a unique tablet based agency banking solution intended to help the bank extend its services beyond the branch to the large number of unbanked people throughout the country.
Appzillon is a mobile application development platform (MADP) that helps developers in building platform and device independent apps that are secure, scalable, and intuitive. The app building process adopts a low code / no code approach that enables people with minimal programming skill to quickly prototype and builds apps, thereby reducing the time to market and the cost of building the entire application by almost 50 %.
Appzillon will also help the bank to strategize digital initiatives with quicker go live times. Powered by Appzillon, the application frontend automatically integrates with existing backend systems without disrupting them.
Working together with i-exceed, the bank plans to be an empowered digital bank with a strong focus on banking the unbanked. The rural customer base in India is one that is highly untapped. Powered by Appzillon’s doorstep / agency banking application, a bank can now take banking services to a customer, enabling them to perform most banking operations at their convenience.
The app comes with inbuilt security features that include multi-level authentication and offline capabilities that ensure smooth operations even in places with limited or no network connectivity. Ujjivan’s latest mobile technology for customer acquisition, customer support, and collection management for its current micro finance institution business is expected to reduce overall operational costs significantly.
S Sundararajan, Executive Director at i-exceed commented, “The vision of Ujjivan is to be a financial support provider for the large demography of unbanked citizens in our country. The move will provide the much needed impetus for accelerating entrepreneurial culture and spirit. Powered by the technical prowess of Appzillon, i-exceed looks towards forging a long term association with Ujjivan Financial Services in their journey of fostering entrepreneurship”.
Abhiroop Chatterjee, Head – Microfinance Business at Ujjivan Financial Services Ltd commented, “We are looking forward to our digital banking journey with Appzillon and i-exceed. Appzillon will help us deliver omni-channel solutions for our consumer banking requirements. The agency banking app meant for our field staff would play an important role in extending our services beyond our branches. Appzillon Digital Banking Suite has complete range of offerings that addresses the needs of the different stakeholders of a Bank (B2C, B2E, and B2B). Appzillon is a unique solution with its omni-channel capabilities for digital banking solutions, auto-integration capabilities, and quick time to market.”