FECREDIT: Transforming its lending business with Infosys Finacle

FECREDIT (FAST & EASY Credit), an independent subsidiary of VP Bank, is the one of the pioneers and is among the fastest growing consumer lending finance company in Vietnam. The consumer lending company has continued to build a solid foundation to become a leader in the unsecured consumer loans market. With consumer finance business in Vietnam set to grow exponentially, it was important for FE CREDIT to update to a world class technology platform that would support its growth aspirations. Disbursing a loan every 13 seconds, FECREDIT needed an extremely robust system to support current operations, future growth, and at the same time comply with regulatory norms. FE CREDIT embarked on a journey to modernize their core lending solution and chose to partner with Infosys Finacle for this transformation.

 

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