IndiaBulls Housing Finance invests Rs 100crore in technology

IndiaBulls Housing Finance invests Rs 100crore in technology

By Accommodation Times News Service

The company is planning to use technology to be able to provide housing finance to people even in the remotest parts of the country

Indiabulls Housing Finance is the latest to join the bandwagon as it plans to invest more than Rs 100 crore in improving its technology platform over the next couple of years. HDFC Bank, Axis Bank and ICICI Bank have already done the same.

“By 2020, my sense is that bulk of the transactions would be happening on the mobile phone, which calls for services like us to digitise our whole processes in order to make it comfortable for our customers, and also reduce the cost of transaction,” said Gagan Banga, MD, Indiabulls Housing Finance. Banga said each of the components of the housing finance business needs to be completely digitised and secured and to be able to do so at scale, educate customers and even educate their own staff, the company will need to invest more than Rs 100 crore over the next 2-3 years.

The company is planning to use technology to be able to provide housing finance to people even in the remotest parts of the country. Banga explained that with the advancement of technology, the company would be able to provide home loans to executives in industrial townships in the in terriers of the country without actually opening a branch there.





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