Correcting and Replacing: Bajaj Finserv Streamlines Loan

Bangalore, Karnataka, India, Tuesday, October 01, 2013 -- (Business Wire India) 
Fiorano Software, a leader in enterprise integration and messaging middleware
solutions, announced that Bajaj Finance Limited, the lending arm of Bajaj
Finserv, one of the most diversified non-banks in the country, has deployed the
Fiorano ESB Enterprise Service Bus to automate data integration and scale
By employing Fiorano's integration technology, Bajaj Finance Limited has reduced
the maintenance and monitoring effort involved in business process integrations
between multiple systems. Business processes orchestration is now more easily
monitored and updated using the Fiorano Studio GUI. “At Bajaj Finserv, we have
invested in technological partnerships to ensure we get best solutions for our
customers. With Fiorano's seamless deployment, we were able to consolidate
various integration processes into one single platform across organization. The
integration not only made it convenient for us to monitor all process flows
centrally, but also enabled us to provide our customers with a simple and
hassle-free experience” said Mr. Rakesh Bhatt, Chief Operating Officer at
Bajaj Finserv. 
Bajaj Finance Limited has invested deep in technology and process innovations to
create long term sustainable advantages. This has allowed the company to create
win-win propositions for all members in the ecosystem. The company's long-term
strategic intent is to do more with their existing customer. The partnership
with Fiorano is a proof point of how the company approaches innovation and its
internal policy framework to create compelling long term brand propositions for
its customers. Fiorano was chosen by Bajaj after a careful analysis of
integration platforms including offerings from IBM and Oracle. 
About Bajaj Finance Limited 
Bajaj Finance Limited is part of the non banking financial conglomerate Bajaj
Finserv group which also include the insurance arm Bajaj Alllianz and the
advisory firm, Bajaj Wealth Management. The lending arm of the group, Bajaj
Finance Limited is one of the most diversified NBFCs in the Indian market
catering to more than 6 million customers across the country. Headquartered in
Pune, the company's product offering includes Consumer Durable Loans, Personal
Loans, Loan against Property, Small Business Loans, Home loans, Credit Cards,
Two-wheeler and Three-wheeler Loans, Construction Equipment Loans, Loan against
Securities and the recently introduced Lifestyle Finance. Bajaj Finance Limited
prides itself for holding the highest credit rating of FAAA/Stable for any NBFC
in the country today.  
About Fiorano 
Founded in 1995, Fiorano is a trusted provider of enterprise integration
middleware, high performance messaging and distributed systems. Fiorano's
innovative event-driven SOA platform integrates applications and complex
technologies into an enterprise nervous system. Fiorano's hybrid Cloud-ESB
integrates applications across SaaS, PaaS and on-premise worlds.  
Global leaders including Federal Bank, Commercial Bank of Africa, NASA, US Coast
Guard, POSCO, British Telecom, AT&T Labs, Vodafone and L'Oréal have deployed
Fiorano's solutions to drive innovation through open, standards-based,
event-driven SOA applications yielding unprecedented productivity. 
Media contact details 
Abhishek Merve,
+91 (080) 40170000, 
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-0- Oct/01/2013 13:34 GMT
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