Credit Decisions are Made Easy
About Bajaj Finance
A branch of India's largest corporate house and the fastest growing non-banking consumer finance company.
1
sec
Instant credit decisioning
30
x
Business Growth
99.5
%
Accuracy
Problem Statement
Solution
Results
Problem Statement
Strengthen Know Your Customer (KYC) process within its core lending system
Automate 2 key credit decisions:
- Number of attempts made prior to loan sanction
- overall exposure after loan sanction
- Create scalable and advanced matching rules for high volumes of data
Solution
Integrating the tool into the existing core lending system and meeting the KYC requirements, we built:
- A new interface for other systems to interact with
- An automated workflow for the credit sanctioning process
- Efficient measurement of pre-sanction and post-sanction customer exposure
- Track group exposure of every single entity
Results
- Generation and maintaining unique customer database at speed
- 99.5% accurate search performance in terms of quality of matches and speed of response even for large volumes of data
- Improved existing Business Intelligence solution without altering user experience
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