BharatLoan Goes Live with Scienaptic Credit BRE Platform’s Account Aggregator

BharatLoan Goes Live with Scienaptic Credit BRE Platform’s Account Aggregator

Bangalore (Karnataka) [India]/ New York [US], September 30: Leading global AI-powered credit underwriting platform provider Scienaptic AI announced today that BharatLoan has completed implementation and is live on its credit BRE platform and Account Aggregator journey. This deployment is enabling faster and augmented loan decisioning process, fostering quicker access to credit for underserved individuals.

BharatLoan is a FinTech & RBI registered NBFC established to address the credit needs of salaried professionals who didn’t qualify for loans at traditional banks and financial institutions. It aims to integrate these individuals into the formal credit ecosystem. For those who find it hard to get loans from conventional lenders and those new to credit, BharatLoan has become one of India’s most recognized platforms for advanced lending solutions.

The deployment leverages Scienaptic BRE’s frictionless Account Aggregator journey, which securely retrieves bank statement data with customer consent. Scienaptic’s credit decisioning engine then aggregates key variables to derive critical ratios and risk insights from this data. This process enables BharatLoan to digitize the underwriting of small-ticket loans by providing intelligent income insights, streamlining their operations, and improving access to credit.

“At BharatLoan, we are transforming access to credit by offering swift solutions for credit needs,” said Rishi Kapoor, Board Advisor at BharatLoan. “We understand that customers require rapid, tailored responses, and Scienaptic’s BRE with smart AA analytics is positioning us as a trusted provider of loans for the underserved. The platform allows us to access Account Aggregator solution and bank data in real-time, significantly boosting the speed, efficiency, and accuracy of our lending decisions.”

Joydip Gupta, APAC Head of Scienaptic, added, “We are excited to deploy our Account Aggregator analytics solution for BharatLoan, helping address the evolving financing needs in India. The frictionless data integrations in our BRE significantly reduce the underwriting turnaround time compared to traditional loan assessment methods, enabling faster market response, greater automation, and more informed lending decisions.”

Schneider Electric honored with iF DESIGN AWARD and Red Dot Design Award with Miluz E switch series

Schneider Electric honored with iF DESIGN AWARD and Red Dot Design Award with Miluz E switch series
  • Schneider Electric wins iF DESIGN award in the discipline of “product of building technology”, outperforming 11,000 rival entries from 56 countries
  • Schneider Electric wins the globally recognized Red Dot Design Award for outstanding achievements in product design

Schneider Electric, the leader in the digital transformation of energy management and automation, won this year’s iF DESIGN AWARD and Red Dot Design Award, the world-renowned design prizes with its Miluz E switch series in the discipline of a product in building technology and outstanding achievements in product design, respectively. These prestigious design awards recognize and honor Schneider Electric products for the remarkable, creative design concept and functionality and their role in empowering our community to make the most of our energy and resources for a climate-positive environment.

Each year, the world’s oldest independent design organization, Hannover-based iF International Forum Design GmbH organizes the iF DESIGN AWARD. Miluz E series of switch products won over the 133-member jury, made up of independent experts worldwide, with its modular and adaptable design. The competition was intense: almost 11,000 entries were submitted from 56 countries in hopes of receiving the seal of quality.

The Red Dot Design Award is one of the largest design competitions worldwide. The Red Dot Label has become established internationally as one of the most sought-after marks of quality for good design. Schneider Electric’s Miluz E design stood out amongst a keen competition of various designs.

“Quality and dependability are hallmarks of Schneider Electric’s products and solutions. However, design is the distinguishing feature that improves our customers’ experiences. We are honored to win these awards with the Miluz E series of switches. They serve as a rewarding recognition of how our teams innovate new ways to design everyday objects,” shared Denis Marant, Senior Vice President, Home and Distribution Division – International Hub, Schneider Electric, “These awards will certainly encourage our teams to thrive and innovate to accelerate efficiency through design further with creativity.”

The Miluz E switches have a modular design and are made from high-quality materials to reach a long-life cycle. The individual modules can easily be changed in the future without replacing the entire product. More information about the Miluz E series can be found in the “ALL Winners” section on www.ifdesign.com.

About the iF DESIGN AWARD

Since 1954, the iF DESIGN AWARD has been recognized as an arbiter of quality for excellent design. The iF Design brand is renowned worldwide for outstanding design services, and the iF DESIGN AWARD is one of the most important design prizes in the world. It honors design achievements in all disciplines: product, packaging, communication and service design, architecture and interior architecture as well as professional concept, user experience (UX) and user interface (UI). All award-winning entries are featured on www.ifdesign.com.

About the RedDot Design Award

“In search of good design” – the Red Dot Design Award is one of the world’s largest design competitions. The Red Dot Label has become established internationally as one of the most sought-after marks of quality for good design. In order to appraise the diversity in this field in a professional manner, the Red Dot Design Award breaks down into three disciplines. Competitions for each of these disciplines are held once every year.

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

www.se.com