Cash Plus has deployed Profile Software’s Finuevo Suite to comprehensively address its end-to-end loan management needs and provide a complete online service to its customers.
Profile, a leading international financial solutions provider, has announced the deployment of its smart banking solution, Finuevo Suite, to Cash Plus to provide digital solutions for microfinance to comprehensively meet end-to-end requirements and address specific commercial and investment needs. The solution is designed and customized in a cost-effective, flexible and modern manner, delivered “as a service” on the cloud as a set of tightly integrated platforms with open architecture.
Cash Plus is one of the Republic of Kosovo’s newest Non-Banking Financial Institutions (NBFIs), established to address the country’s changing financing needs. Kosovo has one of the youngest populations in Europe, with nearly half of the population under the age of 25. In this context, Cash Plus is making a significant contribution to the modernization and development of Kosovo’s financial market infrastructure.
Profile’s solution Finuevo Suite (comprised of Finuevo Core and Finuevo Digital) is an advanced solution that covers the entire scope of the lending process from end to end. Finuevo Core is a banking solution that guarantees and supports a wide range of banking products and operations, while the Finuevo Digital banking platform successfully supports all the necessary customer journeys across web and mobile channels. Coupled with an easy-to-use and friendly interface, it gives Cash Plus the flexibility and efficiency it needs, allowing the platform’s users and clients to benefit from instant lending with utmost convenience.
The solution provides digital capabilities such as authentication and digital onboarding, loan issuance, automated credit check and instant loan approval, disbursement, loan origination, and accepting payments up to full repayment of the loan. It also provides full monitoring of customer applications and loan progress. Additionally, the platform will be used for fund raising from multiple channels, including self-service from customers, Cash Plus itself, and third-party collaborating agents/brokers.
The solution is delivered “as a service” on the cloud and fully managed by Profile, and leveraging the out-of-the-box capabilities of the Finuevo Suite platform, Cash Plus was up and running in a very short time. Furthermore, the solution’s modular architecture, combined with its flexibility and rapid implementation, provides scalability that is in line with Cash Plus’ ambitions and business strategy, significantly supporting the company’s future growth plans.
Armond Dranqolli, co-founder and CEO of Cash Plus, said, “Profile’s track record of success and the platform’s responsiveness and agility enabled us to quickly and risk-free build a scalable solution with the tools to comprehensively manage the end-to-end loan process and provide seamless online services to our valued customers. Additionally, the platform’s cutting-edge technology allows us to offer our customers an unparalleled banking experience.”
Evangelos Angelides, Chief Executive Officer at Profile, said, “We embarked on a digital transformation journey with Cash Plus that revealed the need for a strong technology and business partner along the way. The implementation of Finuevo Suite at Cash Plus underlines our commitment to providing cost-effective, flexible and modern banking solutions. By leveraging the solution’s advanced capabilities, Cash Plus has been able to improve operational efficiency, enhance customer experience and contribute to the development of Kosovo’s financial market infrastructure.”
Profile remains committed to its vision of providing innovative solutions based on cutting-edge technology to enable financial institutions to navigate the complex financial ecosystem with confidence and agility.
