Unico Housing Finance Partners with Oracle for Affordable Housing Solutions
Unico Housing Finance, a digital housing finance company in India, has partnered with Oracle Cloud Infrastructure (OCI) to address the housing needs of the country’s unbanked and underserved communities, the company said in a statement. With the demand for homeownership on the rise in India, Unico aims to expedite the home loan approval process, providing affordable housing loan solutions and services to lower and middle-income customers at scale. Unico has strategically chosen OCI for its superior performance, scalability, security, and cost-effectiveness. The cloud infrastructure will enable Unico to run applications faster, adjust capacity based on demand, and manage operational expenses efficiently. We required a resilient, scalable, and secure platform to meet the increasing demand for housing loan solutions and services, and OCI emerged as the ideal choice,” said Babu Vellingiri, CEO of Unico Housing Finance. Additionally, Oracle Cloud Lift Services will support Unico’s lean IT team in planning, architecting, prototyping, and managing cloud migrations, accelerating their time to value. Unico has implemented various OCI services to support its digital business ambitions. The Oracle Base Database Service enhances database performance, while the Oracle Autonomous Data Warehouse streamlines data staging, eliminating cumbersome backup tasks. Oracle Analytics Cloud provides a complete platform for sourcing data from anywhere, aiding in uncovering business insights and increasing productivity.The use of OCI Database with PostgreSQL, a top-tier managed service, improves system resilience, scalability, and data security through end-to-end encryption. OCI Full Stack Disaster Recovery facilitates tailored disaster recovery plans for Oracle Applications, and Cloud Guard manages Unico’s security posture, offering a unified view of cloud security across Oracle Cloud Infrastructure. In addition to OCI, Unico plans to implement Oracle FLEXCUBE to process loans efficiently without compromising the banking experience. Oracle Fusion Cloud Financials, known for its speed and scalability, will automate financial management processes to meet compliance standards, providing real-time visibility into financial reports.
Unico is looking at creating a unique marketplace that will host a database of home construction related service contractors to create new business opportunities.
Unico Housing Finance, a digital housing finance company in India, has partnered with Oracle Cloud Infrastructure (OCI) to address the housing needs of the country's unbanked and underserved communities.
["Oracle", "Oracle Financial Service"]
["PostgreSQL", "AI", "ML", "Oracle Financial Service", "Scala", "Oracle", "Git", "Aim", "analytics", "SQL", "R", "data warehouse"]
["AI", "ML", "analytics", "Aim", "PostgreSQL", "R", "SQL", "Scala", "Git", "data warehouse"]
Siddharth is a media graduate who loves to explore tech through journalism and putting forward ideas worth pondering about in the era of artificial intelligence.