BENGALURU : Larsen & Toubro Infotech (LTI) Ltd has entered into a strategic engagement with Hoist Finance AB, a pan European financial services company, to provide banking-as-a-service for performing loans segment through its digital banking platform. LTI’s digital banking platform will enable Hoist Finance to be more scalable with faster on-boarding of new asset classes across regions. It will help us strengthen Hoist’s positioning as a leader in this segment with digital-first strategies," said Klaus-Anders Nysteen, chief executive officer, Hoist Finance. “LTI’s digital banking platform combines our functional and technological expertise to modernize operations without huge upfront investment or license cost. LTI said its digital banking platform will seamlessly operate across existing Hoist applications and infrastructure through an API driven interface to connect with third-party systems.

Source: Mint May 18, 2021 07:51 UTC