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Karnataka chooses Valocity to transform mortgage lending processes



 

Karnataka Bank has selected Valocity’s award winning SaaS platform to digitise their mortgage valuation process.

 

The partnership will empower Karnataka Bank with Valocity’s cloud native valuation ordering platform, digital valuation tools and analytics, to deliver a superior experience for both Karnataka Bank users and their customers.

 

Karnataka Bank, who is celebrating 100 years of trust with its customers and stakeholders, has embarked on a digital transformation journey through its KBL-FinOne program. This is essentially a FinTech collaboration whereby the bank leverages new age fintechs to scale up and build operational efficiency.

 

Valocity India CEO, Sovan Mandal said, “We are thrilled to have Karnataka bank as part of the Valocity ecosystem, wherein all lenders benefit from a collaborative platform. Valocity’s suite of valuation and analytics solutions enable Karnataka bank to align their services with the evolving customer expectations and business requirements for the future and to maintain a competitive edge with prudent risk management.”

 

This industry collaboration and commitment to continuous innovation represents another leap forward in Karnataka Bank’s digital transformation, enabling data driven decision making, increased efficiency and transparency, and a faster loan approval for its customers.

 

About Karnataka Bank

 

Karnataka Bank Limited, is a leading 'A' Class Scheduled Commercial Bank in India that offers a comprehensive range of customised products and services suitable for every kind of market, trade or perceived need - Business or Personal. This includes, borrowing facilities, deposits, providing optimum returns on surplus funds or helping with overseas transactions.

 

Karnataka Bank has recently won three prestigious awards at ‘Infosys Finacle Innovation Awards 2023’ under the categories ‘Transformation Excellence’, ‘Process Innovation’ and ‘Channel Innovation’.

 

They have expanded their reach nationally establishing a network of 903 branches spanning 22 states and 2 Union Territories.

 

About Valocity

 

Valocity digitises the entire property decisioning process with its unique cloud-based valuation platform. Valocity India is based in Delhi and Mumbai with global Headquarters in New Zealand.

 

It combines the best of nationwide property data with global technology and advanced analytics expertise to create customised insights, desktop valuations and a Full Valuation Ordering Platform that enables data driven decision making and more seamless customer experiences.

 

The global fintech has recently been named a finalist for International Fintech of the Year Finalist at the IFTA 2023 and won Fintech Scale-up of the Year at IFTA 2022.

 

For more information, please contact:   

Sovan Mandal, CEO – India – Valocity   sovan.mandal@valocity.in    

 

For any media enquires contact   Sara Pesic, Head of Marketing – Valocity    sara.pesic@valocityglobal.com

 

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