Lentra launches new loan management platform on Google Cloud

The cloud lending platform, Lentra has announced its new collaboration with Google. As part of this association, the company will launch its modern SaaS Loan Management System namely, 1LMS on the Google Cloud.

What is 1LMS (Loan Management System)
1LMS is built on modern cloud rails and utilizes micro-systems architecture wherein all features and functionalities like KYC, Collateral, etc. are Microsystems. This provides a much-desired agile system vs. the current monolithic architecture where launching new products becomes a tedious process for financial institutions.