Powered by Mifos – SoftiDoc

This regular blog series will showcase partners and the innovative solutions they’ve built that are powered by the Apache Fineract and Mifos X platforms. These case studies will demonstrate your solution to end users who are seeking to use them as well as show other partners in the community how they too can leverage the Apache Fineract platform to build their own solutions powered by an open source core banking infrastructure.

 

Traditionally lending has been a slow & complex process, filled with manual interventions. SoftiDoc’s technology aims to drastically change the loan disbursal process, bringing transparency, cutting down on the time & effort to grant loans. This is achieved by levering cutting edge AI & the banking solutions offered by Mifos. 

SoftiDoc uses optical character recognition to read bank statements uploaded by users. These statements are then processed by machine learning models to assess the loan eligibility of the customer. All these services are tied together by Mifos, which provides all the traditional banking requirements from a digital disbursal to a digital ledger for seamless integration.

Business Meets Technology!   

Overview of the Team/Company

SoftiDoc is an AI solutions provider specialising in a boutique of products to achieve financial inclusion. They specialise in application development & complex system integration leveraging artificial intelligence to address banking challenges and needs. SoftiDoc has leveraged MIFOS to develop a digital core banking system that incorporates their AI prebuilt boutique components.

SoftiDoc was started by Jeremy Engelbrecht in April 2020. Jeremy has a range of experience in the finance industry working in various roles through the years. He has a masters in computer, data science from the University of Liverpool. He has leveraged his experience & knowledge of Neural Networks to kick start SoftiDoc with 5 developers.

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Powered by Mifos – RuPie

This regular blog series will showcase partners and the innovative solutions they’ve built that are powered by the Apache Fineract and Mifos X platforms. These case studies will demonstrate your solution to end users who are seeking to use them as well as show other partners in the community how they too can leverage the Apache Fineract platform to build their own solutions powered by an open source core banking infrastructure.

RuPie is a fintech startup providing self-service urban microfinance via micro-loans to semi-skilled workers and small business owners entirely on mobile phone.  

Overview of the Team/Company

Nayan Ambali is the CEO of RuPie and a co-founder. As CEO he is responsible for strategic decisions and overall direction of the company, he also manages partnership relations. Nayan brings a total 12 years of banking and financial experience and specially around 8 years of rich experience in financial inclusion

Ramesh is RuPie’s Chief Operating Officer and is responsible for end-to-end management of loan portfolio. Prior to RuPie, Ramesh worked as operational head at HomeTriangle, managing around 500 service providers. Ramesh also worked with Yodlee, Redwood and played a key role in building a personal finance management platform.

Dhiru is the technical architect of RuPie’s tech stack. Previous to RuPie he worked with Arcot building 3D security and fraud detection for card payments then he moved to Komli Media, worked on digital footprint analysis and big data. Dhiru earned an Electrical Engineering degree from IIT Madras, where he was a college football team player.

We believe everyone deserves the ability to pursue more in life, We are committed to increasing financial inclusion around the world. We share our vision with Mifos Initiateve’s 3 Billion Maries and WorldBank’s UFA2020

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