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Unico Housing Finance (Unico), a brand new age digital housing finance firm, has strategically chosen Oracle Cloud Infrastructure (OCI) as the inspiration for its progressive expertise designed to supply housing mortgage options and providers to underserved segments of the Indian society. By way of the utilization of OCI, Unico goals to expedite the house mortgage approval course of, empowering aspiring householders to get a step nearer to proudly owning their dream houses. This deliberate and strategic transfer underscores Unico’s dedication to harnessing cutting-edge expertise to successfully meet the distinctive necessities of the inexpensive housing market in India.
Unico Chooses OCI for Reasonably priced Housing Mission
Dwelling possession demand in India is on the rise with the house mortgage market anticipated to double in 5 years[1]. Unico Housing Finance, registered with Reserve Financial institution of India, was launched with the target to supply inexpensive housing mortgage options and providers to India’s unbanked and underserved communities. To additional assist this section, Unico is creating a singular market that can host a database of residence development associated service contractors to create new enterprise alternatives. To fulfill its mission, Unico wanted cloud providers designed to run any software, quicker and extra securely, for much less. After evaluating a number of cloud choices, Unico chosen OCI for its superior efficiency, scalability, safety, capacity to regulate capability primarily based on demand and low price.
“Homeownership has all the time been an enormous precedence and a matter of delight for Indians, but there are only a few avenues for the unbanked neighborhood to fulfill their housing wants. Unico was launched to bridge the social hole by assembly the credit score wants of this undeserved section, empowering them and fostering a way of delight in homeownership,” said Babu Vellingiri, CEO of Unico Housing Finance. “We required a resilient, scalable, and safe platform to fulfill the growing demand for housing mortgage options and providers, and OCI emerged as the perfect alternative. With its unparalleled mixture of efficiency, cost-effectiveness, safety, and scalability, OCI offered the proper basis. Moreover, Oracle Cloud Raise Companies complemented our lean IT group with assist in planning, architecting, prototyping, and managing cloud migrations, thereby accelerating our time to worth.”
“The event of Unico’s new platform on OCI is reflective of Unico’s dedication to elevating the general efficiency of its vital enterprise functions, obtain heightened scalability, and streamline operational bills,” he added,
As Unico units out on its digital journey, it has leveraged a number of Oracle Cloud Infrastructure (OCI) providers to assist its digital enterprise ambition. Oracle Base Database Service helps Unico obtain enhanced database efficiency which reduces their operational complexities and empowers environment friendly useful resource utilization, whereas Oracle Autonomous Information Warehouse helps in knowledge staging to get rid of cumbersome knowledge backup duties. Oracle Analytics Cloud will present Unico a single and full platform to assist them supply knowledge from anyplace – throughout any surroundings, on any gadget – this can assist them uncover enterprise insights and enhance productiveness simply and affordably, The implementation of OCI Database with PostgreSQL, a top-tier managed service, boosts system resilience and efficiency, improves scalability of compute and storage. whereas offering Unico with enhanced knowledge safety with end-to-end encryption. The built-in intelligence of OCI Full Stack Catastrophe Restoration helps Unico generate catastrophe restoration plans tailor-made for Oracle Functions. Cloud Guard manages Unico’s safety posture providing a unified view of cloud safety posture throughout Oracle Cloud Infrastructure and supplies safety directors with the visibility to triage and resolve cloud safety points.
A key motive for Unico to pick out Oracle was its full suite of capabilities – from cloud to functions and trade options. Along with OCI, Unico can even implement Oracle FLEXCUBE to course of loans in a well timed method with out compromising the banking expertise. Oracle Fusion Cloud Financials, the quickest and most scalable basic ledger available in the market, will allow Unico to attach and automate its monetary administration processes to fulfill monetary compliance, to in the end assist it enhance backside line and achieve real-time visibility to its monetary experiences.
“Small and Medium-sized Companies (SMBs) kind the spine of India’s financial panorama, making a considerable contribution to the nation’s GDP. Oracle is devoted to supporting the expansion aspirations of this essential enterprise section,” said Shailender Kumar, senior vp and regional managing director, Oracle India. “Oracle Cloud Infrastructure will allow Unico to function any software quicker and extra securely in an economical method. OCI’s providing of over 100 providers will facilitate Unico in seamlessly migrating, modernizing, setting up, and scaling its IT infrastructure. Thus, enabling Unico to realize its mission of turning residence possession aspirations of the underserved neighborhood right into a actuality.”
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