Press Release

Decimal Technologies partners with Ujjivan Small Finance Bank to digitise loan origination with Saarathi

Decimal’s first banking partnership for Saarathi expedited loan sourcing and processing for Ujjivan Small Finance Bank during restrictive lockdowns

Decimal Technologies, one of India’s leading fintech firms and Ujjivan Small Finance Bank (USFB) Limited, a leading mass market bank entered into a partnership through which Ujjivan SFB and its channel partners will use Decimal’s digital lending platform – Saarathi. This collaboration will enable the Bank to digitize loan sourcing through its sales force as well as Direct Selling Agents (DSAs). This is part of the Bank’s strategy to strengthen its digital infrastructure which has been on one of it’ s key focus areas.

Launched in 2020, Saarathi is an AI-based, ready-to-use digital lending platform specialising in digitisation of loan origination journeys. Saarathi can be used by bank’s sales channels to source loan files digitally. Unlike any digitisation project, Saarathi requires no upfront capital investment and significantly reduces the time-to-market by 95% (i.e. from 6-9 months to one week).

As part of the partnership, Decimal’s ‘Saarathi’ is enabling 100% digitisation of Ujjivan SFB’s loan offerings, providing a simple user interface and helping to carry out business operations during lockdowns. Saarathi is dispensing verified and trusted channel partners to send digitized loan applications with a detailed risk assessment to Ujjivan SFB. Saarathi is also integrated with Credit Bureau, NSDL, document verifications systems, Google Maps for geo-tagging, bank statement analyser and more, resulting in improved efficiency of credit underwriting for Ujjivan SFB.

Lalit Mehta, Co-founder and CEO, Decimal Technologies, said, “We are extremely delighted to be the technology partner for Ujjivan SFB. This is our first ever banking tie up in this model and through this partnership, we will deploy a robust digital infrastructure to transition loan processes from manual to digital and help the Bank create digital financial solutions through our financial services distribution platform, Saarathi, and elevate the loan delivery process. With this partnership, we want to strengthen Ujjivan’s loan disbursal process with technology integration.”

Speaking of the partnership, Mr. Dheemant Thacker, Head- Digital Banking, Ujjivan Small Finance Bank, said, “This partnership with Decimal Technologies digitizes our loan origination journey through assisted mode and significantly improves TATs without incurring huge capital expenditure, thereby strengthening our overall business operations. We continue to build a robust digital infrastructure to offer greater customer convenience and a superior customer experience through such fin-tech engagements”.

About Decimal Technologies

Founded in 2009, Decimal Technologies is a leading fintech and its mantra is #digitisingBFSI. Decimal conceptualizes, designs, and develops Financial Products Distribution Platform that help Banks & NBFCs reduce customer acquisition costs by moving the digital touch point closer to the customer, making life easier and convenient for the customer and workforce. Decimal engages closely with a diverse array of enterprises globally to understand the business and offer solutions that not only alleviate the pain points of the business but also make life as simple and seamless for all stakeholders. Its solutions are at the heart of award-winning digital products such as Kotak 811, AU Abhi, Bandhan neo+ and UGRO Sanjeevani. For more details, please visit:

About Ujjivan Small Finance Bank Limited

Ujjivan Small Finance Bank Limited is a wholly owned subsidiary of Ujjivan Financial Services Ltd. The bank commenced operations as a Small Finance Bank with effect from February 1, 2017 post transfer of business undertaking by Ujjivan Financial Services Ltd. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of small finance bank in India. Ujjivan Small Finance Bank Ltd. is also included in the Second Schedule to the Reserve Bank of India Act, 1934.

Leave a Response