Novac's ZIVA Chosen for Seamless Digital Lending Experience
FinTech BizNews Service
Mumbai, April 16, 2025: In a strategic move, AEON Credit Service India Private Limited (ACSI), a subsidiary of Japan’s AEON Financial Service Co. Ltd., has collaborated with Novac Technology Solutions, a technology and digital transformation solutions company for their Lending business.
Built with an API-first, cloud-native architecture, Novac’s ZIVA® provides scalability, integration readiness, and security, a must for today’s financial institutions operating in a rapidly evolving regulatory environment. ZIVA®’s Loan Origination System (LOS), powered by a robust Business Rule Engine (BRE), drives dynamic credit scoring, automated underwriting, risk-based pricing, and real-time regulatory compliance tracking, enabling AEON Credit to fast-track loan approvals, strengthen compliance, and deliver seamless digital lending and improved customer experiences.
Commenting on the collaboration, Mr. K P Sunil Executive Director & CBO - AEON Credit Service India Private Limited, said, “We are delighted to join hands with Novac Technology Solutions as part of our ongoing journey to strengthen and future-proof our digital lending ecosystem. At AEON Credit India, our vision is rooted in delivering innovative, customer-centric financial solutions that are both accessible and efficient. Novac’s ZIVA® aligns seamlessly with this vision, offering the technological robustness, scalability, and compliance-driven intelligence that today’s lending environment demands. With ZIVA®, we are confident in our ability to accelerate loan processing, enhance risk management, and deliver seamless, secure credit experiences to our growing customer base across India.”
As part of this five-year association, AEON Credit will deploy ZIVA®, Novac’s flagship next-gen digital lending solution, for its end-to-end loan origination, underwriting, and disbursals, marking a new chapter in scalable and customer-first lending.
Commenting on the development Mr. N.S. Nanda Kishore, Managing Director and CEO, Novac Technology Solutions said, “AEON Credit’s vision of inclusive, efficient, and customer-first financial access deeply resonates with our core mission at Novac, to empower forward-looking lenders through transformative, future-ready technology. With this background, ZIVA® has been meticulously engineered to deliver just that by combining automation, analytics, and agility to drive end-to-end digital lending excellence. We are proud to be the technology partner for AEON Credit India as they continue to redefine lending experiences for their customers”
Adding to this, Mr. K D Singh, Executive Director and Chief Business Officer at Novac Technology Solutions said, “Every customer relationship at Novac go beyond business and it represents a shared vision for growth and innovation. Our association with AEON Credit India reinforces our commitment to shaping the future of digital lending. With ZIVA®, our flagship lending solution, we aim to help lending businesses stay agile, scalable, and future-ready."
Through every strategic collaboration, Novac aims to drive transformation, innovation and impact. Novac's ZIVA® will enable AEON Credit to accelerate loan processing, enhance compliance, and deliver a seamless, customer-centric lending experience.
