Profile announced the implementation of its smart banking solution, Finuevo Suite, in Cash Plus.

As stated, Finuevo Suite holistically meets the business requirements of the financial institution by offering digital solutions for microcredit. The solution has been designed and customized in a cost-effective and flexible way, incorporating a modern platform system with an open architecture, delivered "as a service" in the cloud.

Cash Plus is one of the newly established non-banking financial institutions (NBFIs) in the Republic of Kosovo, established to meet the evolving financing needs of the country. Kosovo has the youngest population in Europe, with almost half under the age of 25. In this context, Cash Plus is making a significant contribution to the modernization and development of the country's financial market infrastructure.

FINANCING PROCESSES
Profile's solution, Finuevo Suite (which includes Finuevo Core and Finuevo Digital), is an advanced solution that covers the entire range of financing processes from end-to-end. Finuevo Core is the banking solution that guarantees and services a wide range of banking products and operations, while the Finuevo Digital platform successfully supports all necessary operations and customer journeys across web and mobile channels. Combined with a friendly and easy-to-use environment, it provides Cash Plus with the flexibility and efficiency required to enable platform users and customers to obtain instant funding with the greatest ease.

The solution provides completely digital (online) functionality for authentication and digital onboarding, loan application (loan origination), automatic pre-screening and instant loan approval, disbursement, loan initiation, and payment acceptance until the loan is fully repaid. It also provides full monitoring of the progress of customers' applications and loans. In addition, the platform can be used for funding through multiple channels, such as self-service by customers, Cash Plus itself, and third-party partner agents and brokers.

The solution is provided "as a service" in the cloud, fully managed by Profile, and based on the out-of-the-box functionality of the Finuevo Suite platform, Cash Plus was able to go live in an extremely short timeframe. Moreover, the modular architecture of the solution, combined with its flexibility and rapid implementation, significantly supports Cash Plus' future growth plans, offering scalability that is aligned with its ambitions and business strategy.