Imperium and CPS, India to offer digital loan origination and management system

From left: Cognitive Platform Solutions India Director Chandrasekhar Srinivasan, Imperium Managing Director Buddhin Gunasekera, Imperium Chairman Ken Nirmalan and Imperium Director/Chief Operations Officer Pubudu Dissanayaka

Imperium Ltd., a leading software design, development, technology and services company has strategically teamed up with India based Cognitive Platform Solutions (CPS) – a software product development company specialising in digital transformation solutions, to offer the iPROOF Loan Origination and Management Solution (LOS/LMS) to banks, leasing companies and other lending institutions in Sri Lanka.

“We are indeed delighted to partner with CPS, India to offer the iPROOF LOS/LOM Solution in Sri Lanka. As a solution provider to the Banking and Financial Industry in Sri Lanka, our partnership with Cognitive Platform Solutions of India will enable us to further enhance and expand our relationship with banks and financial institutions. The iPROOF Loan Origination and Management Solution is a well proven solution with many reference sites and success stories,” said Imperium Ltd. Chairman Ken Nirmalan, who was responsible for initiating and nurturing Imperium’s relationship with CPS, India.

iPROOF LOS is a comprehensive, hyper-flexible, agile Lean Digital Platform based Loan Origination system that enables banks and financial institutions achieve operational excellence by systemically digitising, assisting and automating the complete end-to-end Loan Origination cycle, by integrating and extending the core systems. CPS, which is a renowned Fintech Lean Digital Platform company, has deployed its solutions across several affiliates of India’s top bank. iPROOF LOS/LOM solution has been successful in achieving zero-error disbursement of loans while reducing costs by 35-40% and cycle times by 45-50%. 

“The digital wave has resulted in several areas around the Core Banking system go through a complete Reimaginaton, Systemisaton and Transformation. Banks and Financial Institutions that manage critical areas like manually preprocessing loans (with spreadsheets) are now looking for Digital Transformation Suites to achieve operational excellence. Our partnership with Imperium in will help us to reach out to the many potential customers in Sri Lanka who strive to improve operational efficiency and fulfil their customer’s aspirations,” said Cognitive Platform Solutions India Director Chandrasekhar Srinivasan.

“The iPROOF Digital Loan Origination and Management System has been built around CPS’s iPROOF Platform which is a future-ready less-code and change-proof Lean Digital Transformation Platform. The platform includes a a built-in document management system to manage any type of documents. iPROOF LOS/LMS is a comprehensive and flexible lending platform, and enables banks and financial institutions to achieve operational efficiency and excellence by systemising and automating the core aspects of the lending and loan management process as well as repetitive actions of the loan origination cycle,” he added. 

iPROOF LOS/LMS has been deployed successfully across India, Africa and Asia in the banking and financial services sector as a best practices loan origination and management platform, and is considered a game changer in the industry.