Hyderabad, India - August 29, 2023 - Pennant Technologies, an agile, innovative financial technology company delivering future-ready lending solutions to the global banking and financial services industry, today announced it has won the Asia Fintech Award 2023 in the LendTech of the Year category. pennApps Lending Factory,  an end-to-end, fully integrated lending platform, was recognised for its highly configurable, scalable and resilient functionalities to help global banks, financial institutions and fintechs lend instantly, seamlessly and cost-effectively.

The Asia FinTech Awards recognise and honour leading, innovative and growing Fintech companies, across Asia, that have been delivering exceptional business value to their customers. The Awards team received a record number of entries this year. The judges debated and deliberated to select 19 winners, which were revealed at the awards ceremony held at the Hilton Singapore Orchard on 24 August 2023. Pennant’s Lending Platform stood out as the winning nomination in the LendTech of the Year category owing to its ability to empower banks and financial institutions transform their lending operations to thrive in the digital economy.

The Asia FinTech Awards judging panel said: “The winner of LendTech of the Year has shown itself to be agile and innovative. It has delivered future ready, easily adaptable products and solutions for global banks and financial services companies. Over the past year it has proved itself to be a worthy winner by gaining market recognition and acceptance.”   

“We are honoured to be recognised as the LendTech of the Year,” said Pradeep Varma, Director & Co-founder, Pennant Technologies. “The Asia Fintech Award recognition, and the various accolades from our clients, has been only possible because of the tremendous commitment and support of our associates to build a world class product. Lending Factory’s platform based approach, coupled with its highly configurable and performance at scale functionalities, has been truly a game changer for our clients as they strive to effectively meet the ever changing consumer expectations, competition from agile fintechs, and evolving regulatory and compliance requirements.”

pennApps Lending Factory offers unrivalled flexibility and opens up unlimited opportunities for financial institutions to innovate, adapt and scale their lending business.  The lending platform has empowered some of the leading banks and financial institutions across their diverse lending needs:

• Helped a leading financial institution launch an innovative, flexi- personal loan offer which was at the time first-of-its-kind loan product in the market
  
  
• Enabled a Non-banking Finance Company leverage Platform Business model and Network Effects to grow it retail finance business
  
  
• Helped a leading South Asian Mortgage company modernise its lending operations for increased digital adoption and customer engagement

For more information on pennApps Lending Factory, please visit: https://www.pennanttech.com/lending-factory/

About The Asia FinTech Awards

The Asia FinTech Awards is brought by FinTech Intel, the authoritative source of global fintech news. Asia is home to a popular and fast-growing fintech market. The awards celebrate this incredible community and the achievements of Asia’s brightest.

About Pennant Technologies

Pennant Technologies is an agile, innovative financial technology company that powers the lending operations of global banks and financial institutions. Its suite of future ready lending products and solutions offer banks composable features and scalable capabilities to deliver differentiated loan origination, servicing and collections experiences for their customers. Trusted by leading banks and financial institutions in Asia, Pennant’s award winning lending platform has managed more than 10 Million loans and facilitates 50 Million loan transactions per year.

To know more, visit: http://www.pennanttech.com/

Media Contact

Shrinivas K Rao

Pennant Technologies Private Ltd.

Shrinivas.k@pennanttech.com

Media Contact
Company Name: Pennant Technologies
Contact Person: Shrinivas Rao
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Country: India
Website: https://www.pennanttech.com/