Indian lender Bajaj Finance has successfully migrated its loan portfolio, including over 27 product variants and 50 million accounts, to pennApps Lending Factory, the digital lending platform of domestic vendor Pennant Technologies.

The cloud-based platform features modules for loan management and origination, workflow automation and collections, and replaces Bajaj Finance's legacy system to support the full operational lifecycle.

For Bajaj Finance, which serves around 84 million borrowers as a subsidiary of Pune-headquartered Bajaj Finserv, these operations span consumer finance, microfinance, commercial, property, gold and corporate lending, including both secured and unsecured loans.