Question 1

What is a Loan Origination System (LOS)?

Accepted Answer

A Loan Origination System (LOS) is a software solution that automates and manages the end-to-end process of loan origination, from application intake to underwriting, approval, and disbursal. It helps financial institutions streamline their lending processes, reduce manual effort, and make faster, more consistent credit decisions. FinStack's LOS is designed for the Indian market with compliances as per RBI regulations.

Question 2

How does FinStack's LOS differ from traditional systems?

Accepted Answer

Unlike traditional systems that require months of development for simple changes, FinStack's LOS is built on a modern, cloud-native architecture that offers greater flexibility, scalability, and customization compared to traditional systems. FinStack's no-code configuration interface, pre-integrated API marketplace across vendors, and powerful business rule engine allow you to implement changes faster and adapt to market needs without any engineering involvement.

Question 3

How long does it take to implement FinStack's LOS?

Accepted Answer

2-3 Weeks. Unlike traditional LOS implementations that take at least 3-6 months, FinStack's solution can be deployed in a matter of weeks. Our modular approach allows you to start with core functionality and add capabilities as needed, reducing time to market and allowing you to realize ROI faster.

Question 4

Can FinStack's No-Code Loan Origination System (LOS) integrate with our existing Core Banking and Loan Management Systems (CBS, LMS, CRMs, etc)?

Accepted Answer

Yes, FinStack's LOS is designed with open APIs and flexible integration capabilities to connect seamlessly with your existing core banking systems, CRMs, LMS and other enterprise applications. We have pre-built connectors for major banking systems and can develop custom integrations as needed. Our API-first approach ensures compatibility with virtually any system.

Question 5

Is FinStack's LOS secure and compliant with regulations?

Accepted Answer

Absolutely. Security and compliance are foundational to our platform. FinStack's LOS is built with bank-grade security, follows ISO 27001 standards, and is regularly audited for vulnerabilities. Our platform helps you maintain compliance with RBI guidelines, including digital lending regulations, KYC/AML requirements, and data privacy laws.

Question 6

How does pricing work for FinStack's LOS?

Accepted Answer

FinStack offers flexible pricing models to suit different business needs. Options include subscription-based pricing, transaction-based pricing, and hybrid models. We can tailor a pricing structure that aligns with your organization's scale and growth objectives.

Question 7

What types of financial institutions can use FinStack?

Accepted Answer

FinStack is designed for Banks, NBFCs, LSPs (Loan Service Providers), DSAs (Direct Selling Agents), and other financial institutions that process loans. Our platform is scalable from small lending companies to large banking institutions. We have specific modules optimized for different types of lenders and loan products.

Question 8

Does FinStack support mobile applications?

Accepted Answer

Yes, FinStack provides white-labelled mobile-responsive web applications and can integrate with native mobile apps. Our platform supports both iOS and Android applications through our comprehensive API suite.

Question 9

What kind of support does FinStack provide?

Accepted Answer

FinStack provides comprehensive support including 24/7 technical support, implementation assistance, training programs, and ongoing maintenance. We also offer dedicated account managers for enterprise clients.

Question 10

Can FinStack handle multiple loan products?

Accepted Answer

Yes, FinStack supports multiple loan products including personal loans, business loans, home loans, vehicle loans, and custom loan products. Our no-code configuration allows you to easily set up and manage different loan types. Each loan product can have its own workflow, rules, users and approval processes.

Question 11

What is the ROI of implementing FinStack's LOS?

Accepted Answer

FinStack clients typically see 70% reduction in loan processing time, 50% increase in loan officer productivity, and 30% reduction in operational costs. The platform pays for itself within 6-12 months through efficiency gains and increased loan volumes.

FinStack Blog

Categories

FinStack Deployment & Architecture Guide

How FinStack helped Prabhaav Loans achieve ₹120+ cr disbursals in their first year of launch

How FinStack ensures complete compliance as per RBI's Master Directions