Cash Plus goes live with Profile Software’s Banking solution
Profile, a leading international financial solutions provider, has announced the implementation of its Smart Banking solution, Finuevo Suite, at Cash Plus, to meet its end-to-end requirements comprehensively and address its specific commercial and investment needs by offering digital solutions for microfinance. The solution has been designed and tailor made in a cost-effective, flexible and modern manner, as a tightly integrated set of platforms with an open architecture, offered “as a service” on the Cloud.
Cash Plus is one of the latest Non-Banking Financial Institutions (NBFIs) in the Republic of Kosovo, founded to address the evolving needs of the nation for financing. Kosovo has the youngest population in Europe, with nearly half of them under the age of 25. In this context, Cash Plus contributes significantly to the modernisation and advancement of the country’s financial market infrastructure.
Profile’s solution, Finuevo Suite (comprising Finuevo Core and Finuevo Digital), is an advanced solution that covers end-to-end the entire range of financing processes. Finuevo Core is the banking solution that guarantees and accommodates a wide range of banking products and operations whilst the Finuevo Digital banking platform successfully supports all required customer journeys across web and mobile channels. Coupled with an easy-to-use and friendly interface, it provides Cash Plus with the flexibility and effectiveness that is required so that the users of the platform and the clients may benefit from instant financing with the greatest convenience.
The solution provides digital functionalities including certification and digital onboarding, loan origination, automatic credit check and instant loan approval, disbursement, initiation of the loan and acceptance of payments until the loan is fully repaid. Also, it provides full monitoring of the progress of the customers’ applications and loans. In addition, the platform is used for financing from multiple channels such as self-service from customers, Cash Plus itself as well as from third-party collaborating agents/brokers.
The solution is offered “as a service” on the cloud, fully managed by Profile and leveraging on the out-of-the-box functionality of the Finuevo Suite platform, Cash Plus started its operations in an extremely short time period. In addition, the modular architecture of the solution coupled with the flexibility and the rapid implementation, significantly support the future growth plans of Cash Plus offering scalability that is aligned with its ambitions and business strategy.
Mr. Armond Dranqolli, Co-Founder and Chief Executive Officer at Cash Plus, says that “Profile’s track record of successful implementations coupled with the platform’s readiness and agility have helped us build fast and at no risk a scalable solution that equips us with the tools to comprehensively manage our end-to-end loans processes and deliver seamless online services to our valued clients. In addition, the cutting-edge technology of the platform provides our clients with an unparalleled banking experience.”
Mr. Evangelos Angelides, Chief Executive Officer at Profile, says that “We have embarked on a journey of digital transformation with Cash Plus that identified the need for a strong technology and business partner. The deployment of Finuevo Suite at Cash Plus underscores our commitment to delivering cost-effective, flexible, and modern banking solutions. By leveraging the advanced capabilities of the solution, Cash Plus has been equipped to drive operational efficiency, enhance customer experience, and contribute to the advancement of Kosovo’s financial market infrastructure.”
Profile remains committed to its vision of providing innovative solutions based on cutting-edge technology, enabling financial institutions to navigate complex financial ecosystems with confidence and agility.