Bhopal Mahanagar Co-operative Bank

Co-operative bank looking to enhance lending experience through AI and automation

Bhopal Mahanagar Co-operative Bank was looking for a solution to fix its business challenges

Digitized identity verification

Credit decisioning

Loan origination speed

Operational efficiency

Data collection

Transformed Lending Solution

FinBraine transformed lending solutions for the bank through fully managed, advanced, cloud-based, intelligent credit scoring and digitized KYC mechanism. The intuitive borrower portal with separate workspaces for lender and borrower helped the bank easily modify the loan portfolio to maximize repayments of loans, meeting customer repayment needs and mitigate risk

01.

End-to-end lending

Covers end-to-end functions – loan origination, underwriting, loan servicing, collection and reporting
Automated workflows
Fast and easy deployment of solution
Fully managed lending solution, which is automatically updated
Adheres to latest compliance requirements
Can be accessed anywhere, anytime, from any device
Multiple backups ensuring platform is always available for business

02.

Platform configuration

Robust and flexible platform supporting wide variety of needs
Configuration is driven by experts
Highly trained staff to understand, communicate and manage the unique requirements of the bank
Timely deployments

03.

AI-based Automation

Automation to speed the process, capture more loans and reduce operational costs
End-to-end automation including loan origination, credit review, funds transfer, payment processing, underwriting, collections, reporting
Choice to choose only what is needed

04.

Intelligent Credit Scoring

The AI-based credit scoring to determine the creditworthiness of borrowers at scale and speed
Integration with third-party credit scoring to make well-informed credit decisions.
Ensures more loans are processed, without violating credit risk parameters
Leveraging deep neural networks for fine-tuning algorithms
Integrated with traditional credit bureaus

05.

Analytics and Reporting

Customizable access to interactive dashboards with accurate information and smart tools to make critical decision
Comprehensive reports
Easy export of data to a range of formats

06.

Digital Onboarding

Makes lending easy, cost effective and simple
Digitized identity verification
Liveness validation
Automated onboarding process ensures seamless customer transition from approvals to credit
Multi-channel communication options for borrowers

07.

Cybersecurity and Fraud Prevention

Prevents disasters before they happen
GDPR complaint platform, certified for ISO 27001 and ISO 9001
Leverages architecture that conforms to guidelines issued by NIST and OWASP
Fraud prevention includes identity verification and additional protection techniques

08.

Debt Collection

Includes a bad-debt trigger for early warnings
Automated system to red flag the account, calculate penalty, send payment reminder, adjust credit score, recalculate pricing, credit outstanding payments etc., all on auto-pilot
Fully automated platform compatible with large-scale organizations

Benefits we offered

We take pride in providing cutting edge customer experience to both borrowers and lenders, starting from identity verification to intelligent credit scoring and approvals