Financial software provider Wipro Gallagher, a unit of Wipro Ltd, launched the latest version of its loan origination software, NetOxygen.
The new version offers more control to lenders and better streamlining, the Indian company said. Version 6.0 also offers a web-based dashboard, designed to provide updates on the loan status.
The new version also aims to minimize manual work and shortening the overall loan approval process, the company said
NetOxygen 6.0 also introduces the latest feature which allows users to create and tailor reports. Wipro said it comes with an easy-to-use collaboration service that allows lenders and settlement agents to securely share, validate, and collaborate on loan documents, the Bangalore-based company said.
Wipro Gallagher Solutions provides retail, wholesale, correspondent, and consumer lenders with a powerful origination platform that drives profitable lending anytime, anywhere.