LTF launches strategic partnership with Amazon Pay, PhonePe
Despite certain macro challenges within the microfinance sector, L&T Finance Ltd (LTF) has managed the situation effectively and remains hopeful that the environment will be much better over the next couple of quarters.
“Our investments and efforts towards building a world class credit underwriting and monitoring infrastructure continued unabated,” LTF Managing Director & CEO Sudipta Roy said in a financial report for quarter ended 31 Dec 2024.
“Apropos to the same, our next generation three-dimensional credit underwriting engine ‘Project Cyclops’ was extended to 100% of dealerships in Two-wheeler Finance and was also operationalized for the Farm Equipment Finance business https://www.meity.gov.in/.”
Roy went on, “In our pursuit of innovation within the lending landscape, LTF launched a strategic partnership with Amazon Pay to develop and offer cutting-edge credit solutions through the platform.
“We also extended PhonePe partnership to Personal Loans, delivering a seamless digital lending experience to our consumers.”
Additionally, LTF has launched Knowledgeable AI (KAI), an AI-powered chatbot that revolutionizes the home loan experience.
LTF also hosted RAISE’ 24, India’s premier AI-themed event in the Banking, Financial Services, and Insurance (BFSI) sector focused on Al’s real-world applications https://www.commerce.gov.in/.
Looking ahead, Roy said the company remain dedicated to driving innovation and enhancing our offerings to better serve our customers.
As a leading Non-Banking Financial Companies (NBFCs) in India, LTF recorded a consolidated Profit After Tax (PAT) at Rs.2,007 crore for the nine months ended 31 Dec 2024, a growth of 14% over the same period of 2023. Fiinews.com
