In an interaction with Ahmedabad Mirror, Lalit Mehta, Co-Founder & CEO of Decimal Technologies, shared insights into the company’s transformative journey since its inception in 2009. He spoke about Decimal’s mission to revolutionize digital transformation in the BFSI sector through AI-powered, no-code innovation. Highlighting the impact of their flagship platform, Vahana Cloud, Mehta emphasized how Decimal empowers enterprises to build scalable, secure, and customer-centric solutions rapidly. He also shed light on the company’s global expansion plans, strategic collaborations, and commitment to shaping the future of fintech, both in India and across emerging international markets.
1. What inspired the founding of Decimal Technologies in 2009, and how has the journey evolved since then?
Decimal Technologies was founded with a bold vision—to redefine enterprise digital transformation by addressing agility, scalability, and innovation gaps, especially in the BFSI sector.
Over the past 15 years, we’ve pioneered cutting-edge solutions by integrating AI and tailored digital experiences. Our relentless focus on innovation and customer-centricity has positioned us as a leader in enterprise software, enabling BFSI institutions to launch hyper-personalized digital services.
From streamlining enterprise workflows to enhancing digital banking and insurance, we continuously push the boundaries of BFSI transformation. With over 5 million lives impacted and 150+ successful projects, we’ve partnered with some of the biggest names in the industry to accelerate their digital growth.
At the core of our mission is technology democratization—bridging the gap between business needs and technical capabilities through AI-powered no-code solutions. By ensuring agility, compliance, and security, we empower BFSI enterprises to unlock new growth opportunities while delivering seamless user experiences.
As we move forward, we remain committed to shaping the future of BFSI digital transformation—driving innovation, expanding our impact, and setting new benchmarks in enterprise technology.
2. How does Decimal Technologies’ no-code platform, Vahana, enhance digital acceleration for BFSI institutions?
Vahana Cloud is an AI-accelerated NCLC platform designed to fast-track digital innovation for BFSI enterprises. Built on the philosophy of “Create while you Ideate,” it enables businesses to develop secure, scalable web and mobile applications with ease—eliminating traditional development complexities.
It offers multiple modules designed to build enterprise-level applications. The platform’s core modules include vDesigner, vFlow, and vConnect, along with supporting modules such as API monitoring, release manager, and vScheduler.
With its robust middleware and modular architecture, Vahana Cloud empowers BFSI institutions to rapidly build, deploy, and scale digital solutions—enhancing agility, compliance, and customer experience.
3. What are some of the key digital solutions Decimal Technologies has developed for financial institutions?
Decimal Technologies has played a pivotal role in transforming banking operations for leading public and private financial institutions. Our digital solutions streamline critical processes such as digital lending, CASA onboarding, and DSA onboarding, making financial services more accessible and efficient.
By digitizing account opening, loan processing, and customer onboarding, we eliminate cumbersome paperwork and manual inefficiencies. Our AI-driven approach enables seamless lead capture across online, mobile, and branch banking channels, ensuring a frictionless customer journey.
Through deep integrations with UIDAI, NSDL, and credit bureaus, we automate KYC verification and authentication, enhancing security and compliance while significantly reducing turnaround times. The result is a faster, more reliable, and user-friendly experience that empowers financial institutions to serve customers with agility and precision.
By leveraging technology to simplify complex workflows, we enable banks and financial institutions to accelerate service delivery, improve customer engagement, and drive sustainable growth.
4. How does Decimal Technologies integrate AI and machine learning into its fintech solutions?
With Vahana Cloud, we’ve taken a significant step in integrating Gen AI capabilities. Now, if you have an idea for a system—say, a small workflow for SME lending—you can simply outline it as a document with key points. Gen AI will refine and enhance your requirements through iterative interactions. Once you’re satisfied with the defined requirements, you can trigger the system, and Vahana Cloud will automatically generate the user interface—no coding, no manual effort required.
We also partnered with Vue.ai, a pioneer in enterprise AI orchestration. This collaboration seamlessly integrates Vue.ai’s best-in-class AI capabilities with the lightning-fast development power of Vahana Cloud.
This empowers BFSI organizations to not only build complex workflows but also infuse them with cutting-edge AI intelligence – all without the need for extensive coding
5. With over 800 pre-integrated APIs, how does Decimal Technologies simplify digital transformation for enterprises?
Decimal Technologies accelerates digital transformation through Vahana Hub, an extensive solutions marketplace featuring 1,200+ APIs from 100+ providers. This unified platform enables businesses to seamlessly integrate APIs into their products and services, eliminating the complexities of custom development.
By offering a structured ecosystem for API discovery, subscription, and management, Vahana Hub empowers enterprises, developers, and technology providers to streamline integrations effortlessly. This reduces time-to-market, enhances operational efficiency, and fosters seamless collaboration between vendors and consumers.
With a robust infrastructure that simplifies API consumption, we help enterprises unlock new digital capabilities, optimize workflows, and drive innovation with minimal effort.
6. What are the company’s plans for expansion, both geographically and in terms of industry diversification?
Decimal Technologies is expanding its global footprint, with a recent milestone being the launch of our new office in Dubai, strengthening our presence in the MENA region. Looking ahead to 2025, we are setting our sights on Southeast Asia and the Americas, tapping into new opportunities for digital transformation in BFSI.
While expanding internationally, we remain deeply committed to India, where we continue to drive innovation and growth. These markets present dynamic opportunities, and we are focused on leveraging them to deliver cutting-edge solutions that redefine financial services and enterprise technology.
As we scale geographically, we are also exploring industry diversification, ensuring our no-code and AI-driven platforms empower businesses beyond BFSI, accelerating digital transformation across various sectors
As part of it, we united with Namaste Credit, a global SME-focused fintech pioneer, to build a more robust and holistic financial ecosystem. Namaste Credit’s expertise in OCR-driven lending automation & underwriting perfectly complements our no-code offerings, enhancing our ability to deliver seamless digital solutions.
7. What role does Decimal Technologies play in shaping the future of financial technology in India and beyond?
Decimal Technologies is at the forefront of financial technology innovation, bridging the gap between traditional banking and the digital-first economy. By leveraging AI-driven no-code platform Vahana Cloud, we empower financial institutions to build agile, scalable, and hyper-personalized solutions without the complexities of conventional development.
Our role extends beyond just technology—we are enabling financial inclusion, helping BFSI enterprises streamline operations, enhance customer engagement, and expand their digital offerings. Through deep integrations, regulatory compliance, and automation, we ensure that banks and financial institutions can adapt to evolving market demands with speed and efficiency.
As we expand globally, we continue to redefine digital transformation in BFSI, driving seamless customer experiences and operational excellence. With a strong foundation in India’s fintech evolution, we are now taking our expertise to international markets, shaping the next wave of intelligent, AI-powered financial services worldwide.
