About our customer
The client is one of the biggest NBFC in India dealing in housing, auto and personal loans
Credit Risk, Underwriting
Developed and implemented an automation platform for processing loan application and credit assessment.
The financial industry in India has traditionally been run by deploying large number of personnel on the ground to manage application and verification processes. This has led to slow processes with potential for frauds. The challenges facing our client were:
- Inability to target 'thin-file' customers due to lack of credit history
- High processing time involved in document collection and data processing
- Fraudulent transactions through the use of fake documents
We developed and deployed multiple solutions for this client to solve each of their problems:
The client's loan disbursals increased by 10% in the first month while the processing times reduced by more than 50% which translated to an impact of INR 120Mn for the month.
Deployed an end-to-end loan disbursal platform based on latest machine learning and databases technology thus cutting down the processing time by 50% while improving the credit assessment criteria to reduce bad loans
- Increased loan disbursals by more than 10% in the first month
- Reduced processing times by more than 50%
- Reduced processing cost by 12%
- Reduced fraud rates by 3%