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Average Ratings 0 Ratings

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ease
features
design
support

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Write a Review

Description

Finastra Loan IQ Simplified Servicing is an innovative online solution integrated into the Loan IQ platform, aimed at enhancing the efficiency and automation of servicing bilateral and small to medium-sized enterprise (SME) loan portfolios through a cohesive, contemporary interface. This system harmonizes the complete capabilities of Loan IQ with a more straightforward user experience, eliminating redundant processing steps and minimizing operational difficulties, which empowers financial institutions to oversee their entire loan portfolio seamlessly from a single platform. By offering intuitive workflows, task automation, and an exception-based processing approach, it caters to high-volume lending operations, thereby boosting efficiency, scalability, and uniformity across various business sectors. Furthermore, it provides lenders with the ability to merge different loan types and processes into one centralized system, which decreases dependence on disjointed technologies, cuts down integration expenses, and enhances data accuracy and transparency. Overall, this solution represents a significant advancement in loan servicing for financial institutions looking to optimize their operations.

Description

Lokta Core serves as an AI-centric loan management platform tailored for banks, NBFCs, and digital lenders aiming to streamline modern lending processes while maintaining control, compliance, and autonomy. It seamlessly integrates AI workflows that your teams are currently experimenting with, including agentic servicing, intelligent collections, and copilots for credit operations, ensuring they operate directly within the same record-keeping system rather than as separate add-ons. For a CXO considering immediate changes, three notable improvements emerge on Monday. Firstly, the speed of product launches significantly increases: new loan offerings and policy modifications can be implemented in mere days instead of taking several months, all thanks to a governance-first and policy-driven framework. Additionally, the overall operational costs decrease as a unified, audit-ready system supplants a patchwork of loan management systems, business rule management systems, collections, and reporting tools. Lastly, the platform is inherently AI-ready; every action taken—whether by an operator, customer, or agent—is governed by policies, enforced by a maker-checker approach, and substantiated with evidence, allowing the AI initiatives your board is inquiring about to be put into practice effectively. Furthermore, Lokta Core offers flexibility in deployment options, allowing you to choose between managed SaaS and single-tenant cloud solutions to best fit your organization's needs. This adaptability ensures that you can optimize your lending operations while making the most of the latest technological advancements.

API Access

Has API Yes 

API Access

Has API No 

Screenshots View All

Screenshots View All

No images available

Integrations

Finastra Yes 

Integrations

Finastra No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

$1000
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises Yes 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Finastra

Founded

2017

Country

United Kingdom

Website

www.finastra.com/lending/solutions/loan-iq

Vendor Details

Company Name

Lokta Tech Pvt Ltd

Founded

2025

Country

India

Website

lokta.ai

Product Features

Commercial Loan

Asset Management No 
Audit Trail No 
Complex Debt Structures No 
Dashboard No 
Document Management No 
Exposure Management No 
Lead Management No 
Pipeline Management No 
Risk Management No 
Trend Analysis No 

Loan Origination

Amortization Schedule No 
Audit Trail No 
Closing Documents No 
Compliance Management No 
Customer Database No 
Digital Signature No 
Document Management No 
Fee Management No 
Loan Processing No 
Online Application No 

Loan Servicing

Accounting Management No 
Amortization Schedule No 
Application Management No 
Auto Loans No 
Automatic Funds Distribution No 
Business Loans No 
Collateral Tracking No 
Collections Management No 
Compliance Management No 
Construction Loans No 
Customer Database No 
Fee Management No 
Investor Management No 
Loan Processing No 
Student Loans No 

Mortgage and Loans

Amortization Schedule No 
Client Database No 
Closing Documents No 
Commercial Mortgages No 
Contact Management No 
Credit Reporting No 
Customer Statements No 
Document Management No 
Electronic Applications No 
Government Loans No 
Loan Origination No 
Loan Servicing No 
Pipeline Management No 
Pre-Qualification No 
Refinance Management No 
Residential Mortgages No 

Product Features

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