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.

Question 2

How does FinStack's LOS differ from traditional systems?

Accepted Answer

FinStack's LOS is built on a modern, cloud-native architecture that offers greater flexibility, scalability, and customization compared to traditional systems. Our platform features a no-code configuration interface, pre-integrated API marketplace across vendors, and powerful business rule engine, allowing 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

Unlike traditional LOS implementations take atleast 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 LOS integrate with our existing core banking and loan management systems?

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.

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.

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