Jana Small Finance Bank in Bengaluru has just rolled out a new online system to help customers buy used cars with bank loans, using Hotfoot Technology Solutions’ Rapid.ai platform. The move goes beyond a tech upgrade – it promises a fully digital, end‑to‑end experience for people looking for affordable pre‑owned vehicle financing.
With the new system, Jana SFB can now handle the entire loan journey online: from checking the vehicle’s value, collecting documents and setting up collateral, to approving the loan, sending the money and managing it afterward. The whole process is automated, cuts out paper work and slashes turnaround times. Hotfoot’s WiseEngine Business Rule Engine and more than 50 integrations add smart risk checks at every step, keeping the system safe, compliant and transparent.
“We’re making it easier for families and small businesses to get credit for smart mobility,” says Ashish Saxena, Jana’s Chief Information and Digital Officer. “With Hotfoot’s support, we can offer both fully automated and assisted loans that adapt to our customers’ needs.”
Founder and CEO Vivek Naidu of Hotfoot added, “The used‑car‑finance market is growing fast and customers expect digital‑first solutions. This partnership sets new standards for speed, efficiency and transparency. Technology is driving real change in financial services.”
Hotfoot, a fintech that blends banking know‑how with AI, machine learning and generative AI, has been delivering high‑efficiency processes for the BFSI sector since 2016. Its flagship product, Rapid.ai, automates workflow and decision‑making for retail and MSME loans, helping banks go paper‑less and run risk controls automatically.
The two‑party project was launched in just 12 weeks, showing how quickly the bank and Hotfoot can bring new, customer‑friendly products to market.
For more information, visit www.hotfoot.co.in.
Source: aninews
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