Tata Consultancy Services Ltd.

Tata Consultancy Services (TCS) and ICICI Bank have launched ‘iLens’, a digital lending solution, powered by the TCS lending platform. The first-of-its-kind platform digitizes the entire lending process-from application to disbursement-for everyone, including new-to-bank customers, to offer them unparalleled convenience with faster turnaround of loan applications, greater transparency of loan status and enriched experience.

To begin with, ‘iLens’ has started empowering customers, including new-to-bank individuals, to avail housing loans in a completely digital process with hassle-free on-boarding via paperless login, uploading documents, receiving instant sanctions, appraising properties, and disbursement of loans. ICICI Bank plans to offer other retail loans such as personal, auto and credit cards on this platform.

Powered by the TCS Lending Platform, ‘iLens’ offers a unified digital interface for all stakeholders-customers, employees, sourcing channels, lawyers, technical officers, and underwriters. The state-of-the-art platform enables seamless on-boarding of customers with minimal data entry, digital credit assessment of the borrower by tapping into various data sources through API integrations, and video KYC. Further, it has an inbuilt customer interface that helps borrowers track the status of their loan application in real time, as well as digitally fulfill additional paperwork requirements and fee payments.

TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years.