Mumbai, India | 6 December 2022
Federal Bank, a pioneer in the Indian banking sector, has partnered with globally award winning fintech, Valocity, to digitally enhance their mortgage valuation process.
The transformative partnership provides Federal Bank with Valocity’s cloud native Valuation Ordering Platform and unique digital valuation tools to deliver a seamless and relevant experience for Federal Bank and its customers.
The first bank to digitise all its branches nationwide, Federal Bank undoubtedly embodies its business mantra to be ‘Digital at the Fore, Human at the Core.’ Similarly, Valocity is globally recognised as an innovative fintech, providing world-first solutions that enable digital efficiency and a faster loan approval time.
Chitrabhanu K G, Senior Vice President & Country Head, Retail Assets and Cards, Federal Bank said,
“At Federal Bank we have embraced digitisation as the way forward and are committed to providing superior solutions to our customers. Partnering with an agile provider such as Valocity will support us in delivering on this commitment.”
Valocity India CEO Sovan Mandal said,
“Valocity is delighted to partner with Federal Bank and collaborate to solve known problems in the industry. Valocity’s cutting edge technology enables critical data capture and entirely digital workflows to drive data-driven decision making and efficiency. Our unique solutions enable Federal Bank to leverage the latest data and technology to accelerate their competitive advantage in today’s digital era.”
Valocity digitises the entire end to end mortgage valuation process in a single seamless platform to deliver significant efficiency, risk and compliance management and operational cost savings. Valocity’s advanced Valuation Ordering Platform is entirely cloud based and has supported over NZD$1.7+ Trillion dollars in loan decisions globally.
Digital innovations of today are on the cusp of redefining the banking paradigm of tomorrow. With initiatives such as Digital India, Housing for All, and India Stack, it has never been more important to embrace digitisation. Valocity is proud to collaborate with the industry to deliver ongoing innovation, future-proof solutions, enhanced customer experiences and timely data insights for informed decision making.
About Federal Bank
Federal Bank is the preferred Personal, NRI and Business banking partner for a growing expanse of customers across India, in both urban and rural areas.
The Bank is driven by the quest to be one of the most admired banking institutions in the country. This is just one manifestation of the Bank’s powerful ‘Digital at the Fore, Human at the Core’ proposition. Redefining human experience, the digital way has been a constant goal for a while now.
Their digital innovations of today are on the cusp of redefining the banking paradigm of tomorrow. Federal Bank is continuously scaling up this mantra to reach out, meaningfully and impactfully, to more and more customers. Propelling this journey is an unwavering focus on the service of People, within and outside the organisation.
The leading-edge digital capabilities make them a sought-after Bank in the neo-banking space.
About Valocity
Valocity is a globally awarded FinTech company transforming and digitising the property decisioning process globally with customers across Australia, New Zealand, India, and Asia.
Valocity digitises the entire property valuation process with its unique cloud-based valuation platform, with bespoke solutions for residential, commercial, and agricultural lending.
It combines the best of nationwide property data with global technology and advanced analytics expertise to create customised insights, desktop valuations and a Full Valuation Ordering Platform that enables data driven decision making and more seamless customer experiences. Just last month, Valocity was recognised as Fintech Scale Up of the Year at the prestigious India Fintech Forum Awards (IFTA) as well as Runner Up Global Fintech of the Year at the world renowned Singapore FinTech Festival.
For more information, please contact:
Sovan Mandal, CEO – India – Valocity
sovan.mandal@valocity.in
For any media inquires contact:
Sara Pesic, Head of Marketing – Valocity
sara.pesic@valocityglobal.com