Federal Bank partners with CredAvenue’s Securitization Platform

October 13, 2021

Federal Bank has tied up with CredAvenue for Portfolio management of their Securitization Book and implemented CredPool - an institutional debt platform of CredAvenue. This arrangement will help Federal Bank to digitally monitor their ABS & MBS pool assets more efficiently through their technology platform. The partnership entails CredAvenue providing post-transaction fulfilment services and portfolio management for their Direct Assignment portfolio. CredAvenue’s pooled transaction fulfilment platform has been supporting a host of leading Banks, Federal Bank being the latest addition. The platform is helping Banks and NBFC’s meet the prevailing and new regulatory guidelines pertaining to securitization and direct assignment.
 
“We provide a comprehensive debt ecosystem for originators (NBFC’s) and provide a complete fulfilment solution for all the lenders that are associated with us. Our technology has the capability to provide customized solutions based on each bank/lender’s requirements for their portfolio management. Our team ensures a quick and seamless integration with an easy-to-use interface for our partners,” said Gaurav Kumar, CEO, CredAvenue.

> <
  • ImageImage
 
download

Federal Bank 

Oct 13, 2021

The Bank, in partnership with CredAvenue, has effectively automated the end-to-end processes for Direct Assignments of Retail portfolio. This automation has enhanced the controls over the portfolio while giving us the ability to further scale up our plans for in-organic selective portfolio acquisitions. In CredAvenue, we have found a strong partner and look forward to expanding our relationship with them over the coming years

Author,
Shalini Warrier, ED & Head Retail Business, Federal Bank

Need good help?

Check out our Services

Press Release Distribution & Writing Services

Submit Your Brand Story

More News From Federal Bank

Image
Sep 23, 2021

This partnership will enable issuance of virtual Credit Card powered by a mobile app in under 3 minutes and metal card to be delivered in 3-5 days  Aims to offer digitally augmented experience to tech ...

Image
Jul 19, 2021

Federal Bank, guided by its philosophy of ‘Digital at the Fore, Human at the Core’ has continuously come out with highly innovative and extremely user-friendly facilities such as: FedSelfie - under ...

Image
Jun 11, 2021

Federal Bank announced an expanded strategic collaboration with Oracle and Infosys, a global leader in next-generation digital services and consulting, to provide an enhanced customer experience through Oracle CX ...

Similar News

Image
Sep 23, 2021

This partnership will enable issuance of virtual Credit Card powered by a mobile app in under 3 minutes and metal card to be delivered in 3-5 days  Aims to offer digitally augmented experience to tech ...

Image
Aug 26, 2021

Poonawalla Fincorp Limited (Formerly Magma Fincorp Limited), has signed an MoU with Institute of Company Secretaries of India (ICSI) to provide collateral-free term loans to ICSI members as well as its employees. The ...