Lentra to launch its AaaS platform by December: CEO

Fintech SaaS firm Lentra is set to launch an analytics-as-a-service (AaaS) platform by December, aiming to provide banks and financial institutions with sharper tools to predict default probabilities, manage portfolios and curb nonperforming assets (NPAs).

- Sohini Bagchi

D. Venkatesh, chief executive and co-founder of Lentra.

The upcoming solution, currently under wraps, will allow CFOs, risk officers, and underwriters to generate real-time insights into loan books and borrower behaviour. "The mantra of retail lending worldwide is the probability of default," said D. Venkatesh (DV), chief executive and co-founder of Lentra. "We're giving banks the tools to predict the shape of the future and act before risks materialize."

The move comes at a time when credit demand in India is expanding across retail, MSME and first-time borrowers, but many lenders remain constrained by legacy technology and high manual costs.