ICICI Bank has launched a new digital-lending platform called ‘iLens’
ICICI Bank plans to offer other retail loans such as personal, auto, and credit cards on this platform.
iLens, which stands for ICICI Bank Lending Solutions, is powered by the TCS Lending Platform and is customised with ICICI Bank’s proprietary policies for loans, data-led algorithms, and over 130 API (application programme interface) integrations, including with fintechs, enabling quicker credit assessment, property appraisals, legal, and technical documentation,” TCS said.
iLens offers a unified digital interface for all stakeholders in the lending process, including customers, employees, sourcing channels, lawyers, technical officers, and underwriters.
The platform enables video KYC (know-your-customer) norms.