Uco Bank to on board fintech firms for borrowers' input

The Kolkata-based lender will soon migrate to a new loan origination platform for retail loans, agriculture loans and MSME loans, which taken together contributes 45% share of the bank’s Rs 1.17 lakh crore outstanding loan. The new platform will be API (application programme interface) based and allow fintech companies provide inputs on borrowers.

from Banking/Finance-Industry-Economic Times https://ift.tt/2GcGYls