Lalit Mehta, Co-Founder & CEO of Decimal Technologies, shares insights with TimesTech about the company’s transformative journey since 2009. From pioneering core banking solutions to fostering global partnerships, Mehta outlines Decimal’s commitment to cutting-edge technology and tailored solutions for diverse organizational needs.
Read the full interview here:
TimesTech: What are your key milestones and developments in the decimal technology journey since its founding in 2009?
Mr. Lalit: The journey of Decimal Technologies since its inception in 2009 has been marked by significant milestones and developments. Our key milestones include transitioning from serving the insurance and consumer packaged goods sectors to catering to the banking industry, expanding our offerings from Salesforce management to comprehensive core banking solutions, and embracing a platform mindset to deliver integrated solutions and services. Additionally, we have evolved from being an India-centric company to a global organization with partnerships spanning multiple industries.
TimesTech: How does Decimal Technologies ensure the delivery of cutting-edge technology solutions and uphold its commitment to providing unparalleled systems for end-to-end business critical applications?
Mr. Lalit: At Decimal Technologies, ensuring the delivery of cutting-edge technology solutions is ingrained in our approach. We invest significantly in research and development, with a dedicated team focused on creating technology-led assets and intellectual property. Our internal think tank drives innovation, supported by insights from industry leaders. We maintain close connections with the latest trends in technology, particularly in areas like low code and no code solutions, to enhance our platform continually.
TimesTech: Can you elaborate on how Decimal Technologies addresses business-critical applications?
Mr. Lalit: Decimal Technologies places utmost importance on delivering business-critical applications that meet the highest standards of compliance, security, performance, and availability. We achieve this through a combination of client feedback, industry best practices, and continuous improvement initiatives. Our focus on knowledge sharing among clients ensures that learnings are leveraged across our client base, contributing to enhanced operational efficiency and effectiveness.
TimesTech: In digitizing the BFSI sector, how does Decimal Technologies contribute to streamlining operations and reducing processing times through digital workflows?
Mr. Lalit: Decimal Technologies plays a pivotal role in streamlining operations and reducing processing times in the BFSI sector through digital workflows. Our approach emphasizes leveraging reliable data sources, automation of validation and verification processes, and managing operations based on exceptions. By integrating skill-based task assignments and customer segmentation strategies, we optimize operational efficiency and prioritize tasks effectively.
TimesTech: How does Decimal Technologies tailor solutions to diverse organizational needs, particularly in enhancing global enterprise sales productivity and customer onboarding?
Mr. Lalit: Decimal Technologies adopts a strategic approach to tailor solutions to diverse organizational needs, particularly in enhancing global enterprise sales productivity and customer onboarding. We focus on key drivers of growth, including wallet share expansion, channel scalability, and the creation of new sourcing avenues. Our platform, Vahana No-Code, empowers organizations to define frontend journeys, customize workflows, and integrate with internal systems and external ecosystems seamlessly.
TimesTech: With one of the largest Fintech API marketplaces, how does Decimal leverage this extensive collection to enhance its solutions?
Mr. Lalit: Decimal leverages its extensive collection of Fintech APIs to enrich its solutions in multiple ways. The Fintech API marketplace serves as a spearhead for quick adoption of Decimal’s platform, allowing organizations to experience our capabilities without significant upfront investment. Moreover, the marketplace enhances the usability of our platform by providing access to a wide range of APIs, which can be seamlessly integrated into custom applications or workflows. This collaboration fosters innovation and accelerates the development of customer-centric solutions.
