TCS assists Aadhar Housing Finance in digitally enhancing its business operations

22 Jun 2022 , 01:49 PM

Tata Consultancy Services Limited (TCS) has helped Aadhar Housing Finance Limited to improve its business processes through digital technology.

Aadhar Housing Finance Ltd., one of the largest low-income housing finance company in India (by AUM as of FY21), envisages streamlining the home buying process through the use of digital technologies. For its end-to-end business process transformation, powered by the TCS Lending and Securitization platform, it teamed with TCS in order to achieve this objective.

The value chain for lending and securitization is transformed by the integrated, networked, collaborative, and blockchain-based cloud platform.
The transition of Aadhar Housing Finance Ltd. to centralized processing and an analytics-based strategy throughout the organization, strengthening procedures and controls, was powered by the future-ready platform housed on the TCS Enterprise Cloud.

Aadhar has been able to interact with third parties for lead generation, KYC verification, document management, payment gateways, fintech connections, and rule-based decisioning thanks to its open API architecture.

“Our cooperation with TCS is helping us fulfill our vision of leveraging digital platforms to improve client experience,” stated Deo Shankar Tripathi, MD, and CEO of Aadhar Housing Finance Ltd.

He further added, “We continue to use digitization while enhancing our underwriting procedures and efficiencies to develop the business, along with physical branch and location expansion and allowing third parties to source consumers and external checks.”

The TCS Lending and Securitization platform has helped Aadhar streamline its operations, boost productivity, improve customer satisfaction, and better manage risks. Additionally, it has improved operational resilience, tightened data security, and future-proofed the company’s IT stack.

TCS is currently trading at Rs3,231.40 up by Rs19.4 or 0.6% from its previous closing of Rs3,212 on the BSE. The scrip touched intraday high and low of Rs3,249 and Rs3,184.15 respectively.