1Silverbullet Partners With Arka Fincap Limited To Simplify Insurance Integration For Customers

1Silverbullet partners with Arka Fincap Limited to simplify insurance integration for customers. 1Silverbullet’s API technology will enable Arka Fincap Limited to seamlessly deliver insurance products that satisfy customers

Mumbai, Maharashtra, 22 February 2023 (Issuewire.com) – 1Silverbullet, India’s first innovative financial B2B gateway
An infrastructure company building application program interfaces (APIs) for three verticals within
Financial Services – Investments, Insurance and Lending announced a partnership with Arka Fincap Limited, a customer-centric, digitally enabled non-bank financial company (NBFC), a subsidiary of Kirloskar Oil Engines Limited (KOEL). The partnership between the two companies aims to simplify the process of integrating insurance solutions for their customers.

The standard API utilized allows Arka Fincap Limited to receive their own custom insurance quotes.
Loans they sell.Once a customer agrees to purchase insurance, 1Silverbullet is integrated
Dynamic UI to collect the required information and book the policy directly as part of the loan
payment process.

Traditionally, technology integration with insurers has been difficult.
Switch to a new insurance provider or product.In addition, keep up with data changes
Recovery by insurance companies was a time-consuming process. Incorporated by Arka Fincap Limited
1Silverbullet’s API is built into that system to make the whole integration process easier and more efficient.

Commenting on the partnership, founder Milan Ganatra said: His CEO of 1Silverbullet said:
Transform. By democratizing the digitization process, APIs bring standardization and facilitate plug-in and plug-out.This collaboration provides customers with seamless access to
We believe this is an important step in creating a more streamlined insurance product.
An efficient digital insurance solution.

“We are delighted to partner with 1Silverbullet to provide our customers with seamless insurance integration.
solution. Our aim is to simplify your funding process and provide you with:
Best possible experience. With the help of 1Silverbullet’s API technology, we are able to offer our customers multiple insurance products to choose from, which in turn makes our loans secure and our customers’ lives hassle-free. , at Arka Fincap Limited.

Seamless API integration will greatly benefit Arka Fincap Limited.
Easily add additional insurance products, such as loans or personal health insurance.
Accident insurance. This does not change the core loan management system.

1About Silver Bullet

1Silverbullet aims to democratize workflows through technology by enabling businesses to build workflows.
With beautiful customer experiences, developer-friendly infrastructure, and intelligent tools,
Everyone has the ability to create great products that solve big problems. 1Silverbullet is a technical infrastructure API that connects customers, traditional financial institutions, and developers using blockchain technology to build a layer of secure and trusted data flow for industry participation and scalability. Started building.

About Arca Fincap Limited

Arka Fincap Limited, a subsidiary of Kirloskar Oil Engines Limited (KOEL), is a customer-focused company
Digitizable, systemically important non-banking financial companies (NBFCs).Provided by Arca
Secured and unsecured financing solutions for MSMEs, SMEs, developers, and businesses.Founded in
In 2018, Arka will offer innovative financing solutions that enable clients’ businesses by providing growth capital.

Crisil has rated Arka AA (-) for long-term debt and A1 (+) for short-term debt.

Arka is currently present in 14 cities in the West, South and North regions of India, with over 180
All branch employees.

thank you,

Ankita Chomal Senior

Account Managerankita.chomal@communicateindia.com| +91 9920201797

media contact

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