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Fiorano Software Technologies

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Bajaj Finserv Streamlines Loan Approvals with Fiorano

Palo Alto, CA, September 04, 2013 --( Fiorano Software, a leader in enterprise integration and messaging middleware solutions, announced that Bajaj Finserv Limited, a leading Indian financial services company, has deployed the Fiorano ESB Enterprise Service Bus to automate manual tasks, scale operations and improve the customer experience.

Bajaj Finserv offers an extensive range of loan and insurance products and services to its customers. These products and services are accessed using an EMI (Existing Member Identification) card at various Kiosks located all across India. The burgeoning middle-class with high purchasing power and a fast-paced financial marketplace of India required a responsive, consistent infrastructure platform to cater to customer requirements in near real-time. While this was a clear business goal, the slow and cumbersome business applications framework compromised operational efficiency with the risk of frequent breakdowns. It was critical for Bajaj Finserv to streamline and revamp its business processes.

By employing Fiorano’s integration technology, Bajaj has drastically reduced the maintenance and monitoring effort involved in mission-critical processes. With transactions running on real-time at high speed, customers that earlier had to wait for hours together could now have their loans approved in matter of seconds. Business processes can now readily be monitored and updated using the Fiorano Studio GUI.

Bajaj Finserv has a vision to become the financial partner to the Indian consumer, whether for finance, investment management, protection or post retirement support, throughout the consumer lifecycle. The key to Bajaj Finserv’s phenomenal success has been its willingness to employ the best technology to meet business needs on a scale unmatched by its peers. Fiorano was chosen by Bajaj after a careful analysis of integration platforms including offerings from IBM and Oracle.

About Bajaj Finserv
Bajaj, a 100 year old industrial conglomerate recently diversified into the financial services business in 2006 by establishing Bajaj Finserv Limited. In these 7 years the company maintained a blistering pace of growth and now manages over $ 12.7 billion in assets and is today the third most profitable non-bank financial services company in India ranked among the top 5 in the life and general insurance business.

About Fiorano
Founded in 1995, Fiorano has been a trusted provider of enterprise integration middleware, high performance messaging and distributed systems. Global leaders including ABN AMRO, Federal Bank, Commercial Bank of Africa, Boeing, US Coast Guard, POSCO, British Telecom, AT&T Labs and Vodafone have deployed Fiorano's solutions to drive innovation through open, standards-based, event-driven SOA applications yielding unprecedented productivity.

Media Contact:
Abhishek Merve, 650-326-1136
Contact Information
Fiorano Software, Inc.
Abhishek Merve

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