Chennai, India, December 9, 2024 – Uncia, a leader in digital lending solutions, has been recognized with the “Best Supply Chain Finance Implementation – Best Project Implementation” award at the 6th annual IBS Intelligence Global FinTech Innovation Awards 2024. The honor highlights Uncia’s groundbreaking work in transforming supply chain finance for the Indian financial services sector.
The Global FinTech Innovation Awards celebrate cutting-edge technological advancements in the banking industry, with a particular focus on innovations that redefine business practices and improve operational efficiencies. Uncia’s award-winning project involved migrating a major Indian non-banking financial company (NBFC) to a state-of-the-art, next-generation digital platform designed to streamline and automate supply chain finance processes.
At the heart of this transformation was UnciaFlow, a solution built on a microservices architecture that offers 51 pre-configured SCF product variations. This comprehensive suite covers almost every business scenario in the Indian supply chain finance market, providing robust tools such as a powerful Business Rule Engine and Validation Management system. It is also complemented by Uncia Studio, an intuitive configuration tool that empowers users to manage and customize their platform without requiring technical expertise.
The deployment of UnciaFlow, powered by Robotic Process Automation (RPA), has brought significant improvements to the supply chain finance process:
- Instantaneous fund transfers, reducing processing time for counterparties and dealers.
- Faster cash flows with minimal manual intervention, enabling quicker decision-making and improved liquidity.
- Streamlined invoice processing, significantly cutting lead times for bulk invoice uploads.
- Simplified limit management, allowing users to efficiently manage working capital and term loans in a single view.
These innovations have set a new benchmark in supply chain finance, empowering Uncia’s clients with a self-service platform that enables them to independently manage configurations and integrations.
Nikhil Gokhale, Director of Research & Digital Properties at IBS Intelligence, praised Uncia for its remarkable achievement, stating, “Uncia’s transformative solution for a leading NBFC has redefined automation and operational efficiency within the supply chain finance sector. The integrated digital ecosystem has not only optimized invoice processing but also improved regulatory compliance, customer retention, and positioned the platform for sustainable growth.”
Hari Padmanabhan, Chairman of Uncia, expressed his pride in the recognition, saying, “This award is a testament to the transformative capabilities of UnciaFlow and its ability to drive efficiency, automation, and user-centric design. It reflects the trust our clients place in us as we guide them through their digital transformation journeys. We are proud to be at the forefront of reshaping supply chain finance in India, and this achievement motivates us to continue pushing the boundaries of what’s possible in digital lending.”
Uncia continues to lead the charge in fintech innovation, providing financial institutions with agile, scalable solutions that deliver unparalleled value to clients. The company is committed to driving faster, smarter, and more sustainable growth across the digital lending ecosystem.
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