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Indian Bank partners with Northern Arc

May 27, 2022

Indian Bank partners with Northern Arc
Northern Arc, a financial service platform, announced that it has entered a strategic partnership with Indian Bank. The partnership will help both institutions leverage synergies and offer customer-centric financial solutions to retail borrowers. The customers will be served through a completely online and seamless journey, helping them experience excellent service.

The organization will enable Indian Bank to access Northern Arc’s ‘n-POS stage’, which helps NBFCs, fintech, digital lenders, and investors co-lend to retail borrowers. The platform provides fully integrated systems for partners and investors with continuous KYC validation and instant disbursement includes, a statement by Northern Arc said.

Imran Amin Siddiqui, Executive Director, Indian Bank said, “Indian Bank has tied up with a few Fintech organizations. We are glad to hold hands with Northern Arc additionally for end-to-end digital products like personal loans. We expect that with this joint venture, we can build the digital-based portfolio to another level.”

The platform gives an investor access to the NAC score – an evaluation of a borrower’s monetary strength and penchant to reimburse, that has been created by Northern Arc. The scoring utilizes AI and ML calculations and digs into more than 25 million information focuses aggregated by Northern Arc over its previous 10 years of working with more than 250 partner institutions across the nation.

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