Can Fin Homes to invest ₹300 cr in digital transformation platform TEJAS
Can Fin Homes has announced a ₹300 crore investment in 'Project TEJAS', a seven-year digital transformation initiative. The project aims to modernize the company's core operations, including lending, risk management, and cybersecurity, using AI-ready platforms.
Why it matters
Significant investment in digital infrastructure by financial institutions reflects the broader trend of modernization in the Indian housing finance sector.
Can Fin Homes, a public housing finance company promoted and sponsored by Canara Bank in 1987, on Friday announced a significant ramp-up in technology adoption to further enhance customer service and make its lending operations more effective and safer.
To fuel this initiative, the lender has decided to invest close to ₹300 crore in an enterprise digital transformation initiative, Project TEJAS (Tech Enhanced Journey for Agility & Scalability), which aims to transform and modernise the lender’s core activities while synchronising its cloud, data and cybersecurity operations on an integrated and AI-ready platform.
Project TEJAS, according to the company, is an enterprise-wide digital transformation programme aimed at further advancing its technology and business capabilities, and symbolises a paradigm shift towards a digital future for Can Fin Homes.
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