Machint Launches Uluka – revolutionary banking solution

Hyderabad’s leading product development and software services startup Machint Solutions has launched an intelligent neo banking platform, Uluka. The launch occurred at Hyderabad International Convention Center, Novotel & HICC on 15th February 2021 in the presence of Agriculture Minister S Niranjan Reddy, Serilingampally MLA Arekapudi Gandhi, Madhapur Corporator Jagdishwar Goud, and several banking & IT leaders.

Agriculture Minister Singireddy Niranjan Reddy launching Uluka's logo
Telangana’s Agriculture Minister S Niranjan Reddy unveiling the logo of Uluka

Uluka is a new-age neo banking solution aimed at helping financial institutions in offering impressive digital experience to their customers across retail banking, business banking, insurance and wealth management. An omnichannel, multi-entity, and multi-currency platform, Uluka is aimed at empowering financial institutions to build stronger customer relationships, strengthen brand loyalty and delight customers across their digital and physical channels.

In the current scenario, customers expect financial institutions to deliver contextually relevant and personalized services. Uluka comes at a time when it is becoming necessary for financial institutions to transform their rigid processes digitally. Built in association with the world’s leading low code automation platform Appian, Uluka is powered to seamlessly cater to enterprise-wide requirements, across multiple geographies and in line with dynamic regulatory requirements.

Uluka Brochure Launch
Serilingampally MLA Arekapudi Gandhi unveiling Uluka brochure with founder-CEO Rajesh Sanakkayala, CDO Pratap Sanakkayala & COO Kalyan Sanakkayala

“Financial institutions are plagued by lack of standard processes, poor adherence with compliances, and outdated technological infrastructure,” said Rajesh Sanakkayala, CEO & founder of Machint Solutions,” Uluka is going to be the market’s first-ever end-to-end digital platform catering to all the offerings of a financial institution. Be it lending, insurance, wealth management, asset management and other related services, Uluka will act as one-stop interface.”

Leaders in the financial industry cannot solve these challenges by integrating different automation tools, instead a holistic platform like Uluka is the solution that offers scalability to the core banking systems and take care of daily operations seamlessly.

Sridhar Rallabandi addressing at the Uluka Launch Event
Keynote Speaker Sridhar Rallabandi at the Uluka launch event

The launch of Uluka comes on the heels of its recent launch of an intelligent lead management solution ‘vGro’, built in association of Appian. Unveiled with the motto of ‘Let’s Grow Together’, vGro is powered by AI/ML to make the complete sales lifecycle efficient by prioritizing quality leads, optimizing agent’s time, increasing productivity and improving RoI for organizations.

Machint’s rich portfolio of smart products which includes ‘vGro’, ‘Intelligent Tele Medicine Tool (MDoctor)’, ‘Intelligent Health Kit (MHealth)’, ‘Intelligent Video KYC with OCR & FR features (MKYC)’, ‘AI- based Chat bot (MChat)’, ‘Intelligent Test Automation Framework (MITA)’, ‘Intelligent OCR with AI & ML (MOCR)’, , ‘Intelligent Case Management Platform (MICA)’, ‘Intelligent Facial Recognition platform (MFace)’, ‘Intelligent Content & Data Management tool (MDocs)’, ‘IoT Based Smart Applications for Waste Management & Asset Tracking (MSmart)’, and ‘Intelligent Data Migration tool (MData)’.

With 6 global offices across India, the US, the UK, Singapore, Australia and Vietnam, two-year old Machint Solutions was recently recognized as one of the 10 most promising intelligent automation service providers by CIOReviewIndia. Uluka will soon be available for downloads on both Playstore and Appstore.

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