Case Study: FE CREDIT achieves rapid core-lending transformation and scalability for millions of loans with EdgeVerve Finacle

Fe Credit Embarks on A Transformation Journey With Finacle

FE CREDIT, the largest non-banking finance company in Vietnam (assets US$1.5bn, 7 million customers), faced the challenge of modernizing its core lending platform to support rapid growth—disbursing a loan every 13 seconds—while meeting regulatory needs and scaling to millions of accounts. To achieve this, FE CREDIT partnered with EdgeVerve to replace its legacy system with the Finacle core banking solution.

EdgeVerve implemented Finacle using an agile, tightly governed program (go‑live in October 2016 with further enhancements in April 2017), integrating it with loan origination and multiple back-end systems and adding extensive automation (automated loan closure, early termination, payment prioritization, regulatory reporting, etc.). The rollout—completed in six months—has enabled FE CREDIT to open 3,000,000 new loan accounts since go‑live, handle an average of 7,000 (peak 24,000) daily account creations, scale toward 4+ million active loans, improve interest accrual and revenue recognition, and significantly reduce downstream operational impacts.

FE CREDIT

Kalidas Ghose

Vice Chairman & Chief Executive Officer