Everest Group Names Pennant Technologies a Major Competitor in PEAK Matrix® Assessment 2022 Consumer Lending Systems

HYDERABAD, India, Jan. 19, 2022 /PRNewswire/ — Pennant Technologies, a leading FinTech company providing future-ready solutions to the global banking and financial services industry, today announced that it has was positioned as a top contender in the group’s Everest PEAK Matrix® Rating for Consumer Lending Systems. The company’s lending platform, pennApps Lending Factory, was evaluated and rated on two dimensions: market success and delivery capabilities. In the PEAK Matrix report, Everest Group evaluated 23 technology providers, from around the world, on their consumer lending systems.

“The lending industry is experiencing a sea change in the way customers are engaged and served,” said Rama Krishna Raju, director and CEO of Pennant Technologies. ”Banks and financial institutions need to take advantage of emerging technologies to effectively modernize their lending operations. Everest Group’s recognition reinforces the robust, future-ready capabilities of our lending platform to help financial institutions deliver personalized customer experiences, drive operational agility, and drive market growth. unique concept of functional factories and business process driven execution engines to deliver the required modularity, flexibility and modularization.

“PennApps Lending Factory is built on our next-generation application framework,” said Pradeep Varma, Principal and Co-Founder of Pennant Technologies. “The product’s future-ready architecture and high configurability provide unparalleled flexibility for our customers to adapt their lending operations to dynamic market needs, including meeting regulatory requirements, compliance and technological advancements. This enables banks and financial institutions to drive innovation and accelerate time-to-market.” Leveraging deep banking industry expertise and technology leadership, Pennant creates products by putting the focus on a future-ready architecture, high product configurability, and full API capability for a digital ecosystem extension. Some of the successful implementations of Lending Factory include: • Deployment of one of the largest cross-segment lending platforms, encompassing the end-to-end lending lifecycle, for a large non-banking financial company in India an industrial house tier entering the financial services market in India The resulting matrix categorizes the vendors into Leaders, Major Contenders and Aspirants.

To access the report, please click here.

For more information about pennApps Lending Factory, visit: http://www.pennanttech.com/lending-factory/ About Pennant Technologies Pennant Technologies is an agile and innovative FinTech company delivering enterprise-ready products and solutions. future, easily adaptable and configurable banks and financial services companies. Our customer-centric approach and market-centric innovation help our clients transform their business operations, deliver differentiating customer experiences and drive competitive advantage. We provide agile software solutions for customer experience management, lending operations, payment processing systems and specialized Islamic banking solutions.

Founded in 2005, Pennant Technologies is headquartered in Hyderabad, India, and has offices and technology centers in the UK, Dubai, Hyderabad and Visakhapatnam. For more information visit: http://www.pennanttech.com/ PWR PWR

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