April 2019 – Peerless Finance selects Nelito Systems' Lending Management Solution

April 2019 – Peerless Finance selects Nelito Systems’ Lending Management Solution We are delighted to announce that Nelito Systems has been selected as a Lending Management Solution partner by Peerless Financial Services Limited (PFSL), a Non-Banking Finance Company (NBFC) in Kolkata.

PFSL offers a variety of loan products to meet the funding requirements of corporates and individuals at competitive terms.

Abhishek Tantia, MD & Chief Executive Officer, Peerless Financial Services Ltd, said, “Peerless Finance is excited about the opportunities available in the market and possibilities that this FinCraftTM ILMS can create for us. This should enable us to serve a larger set of customers and make their Dreams come True, using its Digital Capabilities. We firmly believe that with the help of this Technology Platform, we should be able to provide timely loans with simplest of processes, thereby achieving our vision of Simplifinance”.

Punit Jain, Chief Executive Officer, Nelito Systems Ltd, said, “Nelito’s Integrated Lending Management System enables digital transformation of Non-Banking Financial Companies, by improving their customer experience and operational efficiency. Nelito is happy to partner with Peerless Finance, to take their operations to the next level of agility, and help them in reaching more customers and offering them better service.”

About FincraftTM Integrated Lending Management Solution: In today's transforming financial scenario, lenders are looking for modern, technologically superior Lending management system that automates key processes. The need of the hour is for systems which are scalable, fast, flexible and agile, while being cost efficient. Nelito Systems has emerged as a leading global Loan Management Software provider due to its modular API-BASED methodology and highly customizable product, that can integrate with many systems and a superior credit rating process.

About Peerless Finance Services Ltd: Peerless Financial Services Ltd., Kolkata, established in 1988, is Non-Banking Finance Company registered with Reserve Bank of India. PFS is a subsidiary of Peerless General Finance & Investment Co. Ltd. Their aim is to become a preferred lender in Eastern India in the short term and Pan-India in the long term and to achieve the distinction of a trusted brand to reflect the 8-decade old heritage of its parent company. Peerless Group is proudly serving the nation since 1932 with its flagship company PGFI and carries a rich legacy of customer service at his doorstep.

About Nelito Systems Ltd: Nelito Systems Ltd. is engaged in the business of providing software solutions and services for Banking, Financial Services and Government sectors, primarily in India and South Asian countries. Nelito offers FinCraftTM suite of solutions like Core Banking, Integrated Lending Management Solution, Enterprise Reporting, Data Warehousing and Mobility Solutions. Formed in 1995, Nelito has served more than 400 Banks and Financial Services organisations across 20 countries.