Jaguar Software India : Harnessing the Power of Technology in rendering Reliable All inclusive Solution for Businesses of all Sizes
.jpg){kind=icon}
India is recognized as a strong FinTech hub globally, wherein the prospective FinTech market of the country is expected to reach $200 Bn in revenue by 2030. This growth has been driven by an organic and collaborative ecosystem while being supported by key government initiatives. India stack and innovation by FinTechs have powered the financial inclusion drive being witnessed in the country.Jaguar Software India is one of the promising players in this space that has been operational in the industry since 1996, developing software for NBFCs and other businesses with multiple products focusing on accounting, manufacturing, and retail. Jaguar is successfully spearheaded by Aman Singh Bains, an expert in the finance domain and Cloud technologies – rust, Java, microservices, Angular, Dart, Flutter, Cloud Databases, and Artificial Intelligence/ML. He drives the product vision and technology direction in the company and firmly believes that combining hands-on domain and technology expertise is critical to excellent product design. Aman Singh Bains speaks exclusively with CIO Insider Magazine about the company and its unique offering.
In conversation with Aman Singh Bains, Founder & CEO, Jaguar Software India
With greater access to the internet, the fintech industry is on a huge transformation curve. How is Jaguar contributing to financial inclusion in the country?
Jaguar Software India is bringing cutting-edge technologies to traditional lenders. With today's latest technologies, financing has become considerably easier, and the time cycles necessary have been dramatically reduced. In some of the verticals, a loan can now be disbursed within minutes. Fraud detection has also improved greatly and the collection has become much easier, due to the UPI payments and mobile apps being used more than ever. Ultimately the customer is benefited from prompt service, resulting in better business.
Tell us about the security assurance of your solutions.
Jaguar 360 degrees Cloud is a comprehensive business management solution that provides 360-degree coverage of all business needs by providing lenders with a clear canvas on which to build digital & transparent products and processes with the goal of increasing productivity by 10X and upwards. Jaguar incorporates digital financing, and traditional lenders can take on a new digital persona simply by incorporating Jaguar. Mobile apps are seamlessly integrated into the system and assist teams in achieving high levels of productivity. In some circumstances, Jaguar can enhance the lender's output by up to ten fold.
The design of Jaguar follows the real world to the tee. All kinds of situations can be handled with ease. The software caters to all sorts of naturally occurring situations that can't even be covered by the most comprehensive requirement list. This is due to the 2+ decades of experience that has resulted in a very sophisticated design. This is the 4th lending product designed by Jaguar. Each iteration is much better than earlier. The design ticked all of our concerns accumulated over 2 decades.
What was the underlining idea behind the development of Jaguar 360 degrees Cloud?
This digital lending software by Jaguar was developed because Jaguar had the
lending experience themselves, so it was an experiential design. The founders, who are exlenders, have a deep understanding of the loan business, and the same minds have abilities in software design and development, which resulted in an excellent solution. The software was designed using input from many lenders Decades of experience in designing products for lenders, experience with 200+ lenders including new age Small Finance Bank in India of co-designed products.
The founders were familiar with the issues of business and software design, so they analyzed technologies for over 10 months and took 5 years to create a new adaptable design from scratch that addressed every point with superior design and User Interface (UI). In a nutshell, we take pride in this new product.
What are the latest technologies that you leverage to ensure an unparalleled user experience? What is the USP of Jaguar that is a competitive edge?
We always ensure to stay abreast with the latest trends and technology in the market and leverage all open source technologies, so that there is no Vendor lock-in/ exploitation. We also employ some of the latest techs like rust and flutter.
Jaguar's USP is its flexibility. It includes genuine Business Process Modeling and Management through the use of an in-built flow charting tool. Another selling point is the low cost of running Jaguar, which is hosted on a server less cloud. There is no need to acquire any licenses such as Windows or Database licenses as Jaguar is built using open source tech.
Tell us about the customization aspects of your offerings. What’s your process of building apt solutions for your clients?
Our software is the most flexible. We provide a blank canvas on which to build a system for defining products, customizing screens, and designing process flowcharts for defining processes utilizing the built-in BPM system. The agility of a business running on Jaguar is very high.
The most onerous challenge for larger lenders is that they must acquire several systems and modules from various vendors while battling for compati-bility and business value. Jaguar's solution is an all-in-one product that covers all Sectors & loan verticals in which the processes can be easily integrated as per need & newer value propositions stitched by interfacing with fintech through APIs.
Further, the most pressing challenge for smaller lenders/startups is affordability. Good software is prohibitively expensive, and cheap software is of poor quality. CXOs must maintain a close eye on costs in fledgling enterprises, and costs for brown shoots grow significantly with business growth. Jaguar's solution is offered on Growth Volumes (Principal Outstanding based slabs) for a one-time fee plus annual maintenance. As a result, the solution is affordable to businesses of all sizes.
What are the opportunities that you foresee in the fintech market? What is Jaguar’s future roadmap?
Fin-techs require Jaguar's depth of knowledge, combined with the most recent technological advancements, to avoid the learning costs that Jaguar can avoid. Jaguar intends to remain original.
The founders were familiar with the issues of business and software design, so they analyzed technologies for over 10 months and took 5 years to create a new adaptable design from scratch that addressed every point with superior design and User Interface (UI). In a nutshell, we take pride in this new product.
What are the latest technologies that you leverage to ensure an unparalleled user experience? What is the USP of Jaguar that is a competitive edge?
We always ensure to stay abreast with the latest trends and technology in the market and leverage all open source technologies, so that there is no Vendor lock-in/ exploitation. We also employ some of the latest techs like rust and flutter.
Jaguar's USP is its flexibility. It includes genuine Business Process Modeling and Management through the use of an in-built flow charting tool. Another selling point is the low cost of running Jaguar, which is hosted on a server less cloud. There is no need to acquire any licenses such as Windows or Database licenses as Jaguar is built using open source tech.
We always ensure to stay abreast with the latest trends and technology in the market and leverage all open source technologies, so that there is no Vendor lock-in/ exploitation
Tell us about the customization aspects of your offerings. What’s your process of building apt solutions for your clients?
Our software is the most flexible. We provide a blank canvas on which to build a system for defining products, customizing screens, and designing process flowcharts for defining processes utilizing the built-in BPM system. The agility of a business running on Jaguar is very high.
The most onerous challenge for larger lenders is that they must acquire several systems and modules from various vendors while battling for compati-bility and business value. Jaguar's solution is an all-in-one product that covers all Sectors & loan verticals in which the processes can be easily integrated as per need & newer value propositions stitched by interfacing with fintech through APIs.
Further, the most pressing challenge for smaller lenders/startups is affordability. Good software is prohibitively expensive, and cheap software is of poor quality. CXOs must maintain a close eye on costs in fledgling enterprises, and costs for brown shoots grow significantly with business growth. Jaguar's solution is offered on Growth Volumes (Principal Outstanding based slabs) for a one-time fee plus annual maintenance. As a result, the solution is affordable to businesses of all sizes.
What are the opportunities that you foresee in the fintech market? What is Jaguar’s future roadmap?
Fin-techs require Jaguar's depth of knowledge, combined with the most recent technological advancements, to avoid the learning costs that Jaguar can avoid. Jaguar intends to remain original.
