RattanIndia Finance: How To Transition End-to-End Lending To The Cloud

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14 April 2020

Winner of Celent Model Bank 2020 Award For Retail Lending


Celent recognizes RattanIndia Finance as the winner of the 2020 Celent Model Bank Award for Retail Lending for its initiative How to transition end-to-end lending to the cloud . The shift to the cloud for banking has been predicted for about a decade but has been slow in coming, at least for core lending and banking systems. In this Celent 2020 Model Bank report for Retail Lending, we demonstrate how a nonbank financial institution in India outsourced its entire lending platform to an enterprise lending technology provider whose platform is hosted on the public cloud.

India is undergoing dramatic banking transformations around digital identity, internet adoption, mobile payments, and microlending as a non-banking finance company (NBFC), RattanIndia Finance is part of this transformation and is creating a de novo digital lender to provide faster, easier, and more customer-centric credit services in India.

After an initial company launch in 2017, followed by a rapid growth period, the company decided to replace its entire lending IT stack and host it in the public cloud. RattanIndia Finance selected Nucleus Software deployed on the Amazon Web Services (AWS) platform. Its entire end-to-end retail lending platform is on AWS and it has zero data centers.

See all 2020 Celent Model Bank winners here.