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Overview
A client seeks to develop an education loan platform integrating a Loan Origination System (LOS) and a Loan Management System (LMS) to streamline onboarding, assessment, disbursement, collection, and reporting. The LOS captures applicant data, verifies KYC, and facilitates loan processing, while the LMS tracks repayments and collections.
Challenges
Manual loan processing is time-consuming, lacks automation, and poses challenges in tracking disbursals and repayments. Ensuring compliance and integrating multiple verification processes further complicate operations.
Solution & Impact
A centralizes loan tracking, automates file uploads, and streamlines disbursal and repayment monitoring. API integrations enable real-time KYC, credit checks, and banking verification. Manual verification ensures document screening and approval processes. Plan to automate the rule engines, advanced KYC automation, and AI-driven analytics for better decision-making.
Client: Fintech Company, India