Digital Lending Software Solutions
Servosys Digital Lending Solutions can help to improve efficiency by automating many of the manual tasks involved in loan origination. This can free up staff time to focus on other activities, such as customer service or risk management. It can also help to improve accuracy by reducing the risk of human error. This is particularly important in the case of complex loans, such as corporate, mortgage, or commercial loans. ServoStreams® BPM Platform-based Digital Lending Solutions can also help improve compliance by ensuring that all lending processes are in line with the regulatory requirements of the Banks and Financial Institutions.
Servosys Digital Lending Solution Suite for Banks & NBFCs
End-to-End Process Automation
ServoStreams® BPM Platform empowers Banks and Financial Institutions to automate the entire lending lifecycle, from Lead Generation, Pre-Screening, Credit Underwriting, to Loan Disbursement. Automated workflows eliminate manual intervention, reducing processing time and enhancing accuracy.
Seamless Integration
ServoStreams® BPM platform can seamlessly integrate with existing systems, such as Core Banking Solutions, Credit Bureaus, Loan Management Systems, Customer Relationship Management (CRM) tools, Human Resource Management System etc. These integrations ensures data consistency, improves decision-making, and facilitates a smooth flow of information across various stages of the lending process.
Enhanced Risk Management
Digital lending platform powered ServoStreams® BPM offer comprehensive risk assessment capabilities. Through rule-based decision engines and real-time reporting dashboards, financial institutions can evaluate creditworthiness, detect fraudulent activities, and mitigate risks effectively.
Improved Compliance
In the highly regulated lending industry, ensuring compliance with legal and regulatory requirements is critical. ServoStreams® BPM platform provide built-in compliance frameworks, enabling banks and NBFCs to adhere to industry standards, data privacy regulations as per RBI and other Govt. bodies etc.
Agility and Scalability
With a ServoStreams® BPM-based digital lending solution, Banks & Financial Institutions gain the flexibility to adapt to changing market demands quickly. The scalable nature of BPM platforms allows seamless expansion and accommodates increasing loan volumes without compromising performance.
Key Features of Servosys Digital Lending Solution
ServoStreams® BPM platform-based digital lending solution encompasses a range of powerful features designed to optimize lending processes and drive business growth:
Online Loan Application
Enable borrowers to apply for loans online through a user-friendly and intuitive interface, reducing paperwork and enhancing customer convenience.
Automated Credit Scoring
Through integrations with multiple credit bureaus, system can assess borrowers’ creditworthiness efficiently, ensuring accurate loan decisions and reducing the risk of defaults.
Document Management
Digitize and manage loan-related documents securely, enabling easy access, efficient verification, and minimizing the risk of document loss or misplacement.
Real-time Notifications
Keep borrowers informed about their loan application status, repayment schedules, and any changes in loan terms through automated notifications via email and SMS.
Reporting
ServoStreams® BPM platform features ServoDashboard, an inbuilt reporting tool for Banks & financial Institutions. Gain insights into lending performance, portfolio quality, and customer behavior with comprehensive reports for strategic decision-making.
Workflow Management
Implement End-to-End loan workflow automation, enabling seamless coordination between different stakeholders such as Field Officers, Branch Managers, Credit Underwriters and Operations Teams.
Benefits of Servosys Digital Lending Solution
Experienced by Our Digital Lenders
The adoption of our BPM platform-based Digital Lending Solution offers the following benefits to Banks and NBFCs:
• Faster Loan Processing: Streamline lending operations, reduce manual efforts, and eliminate paperwork bottlenecks, resulting in faster loan processing and disbursal.
• Improved Customer Experience: Enhance customer satisfaction by providing a seamless and personalized lending experience, reducing turnaround time, and ensuring clear communication throughout the loan journey.
• Enhanced Operational Efficiency: Automate routine tasks, enforce standardized processes, and reduce errors, leading to improved operational efficiency, increased productivity, and cost savings.
• Better Risk Management: Strengthen risk assessment and fraud detection capabilities, leading to more accurate loan decisions, minimized defaults, and enhanced portfolio quality.
• Regulatory Compliance: Ensure compliance with industry regulations, data privacy laws, and RBI guidelines, reducing compliance-related risks and potential penalties.
• Scalability and Adaptability: Seamlessly scale your lending operations to handle growing loan volumes and easily adapt to changing market conditions and customer demands.
Industry Solutions
Banking & Financial Services
We serve some of the world’s largest Banking and Non-Banking players in Retail, SME & Corporate and take pride in creating new benchmarks in automating their business process operations.
Insurance & Third-Party Administrators
As the Insurance & TPA organizations take digital transformation targets, our solutions automate their journeys for Claims Settlement, Policy Servicing, New Business Expansion, etc.
Shared Services & Outsourcing Orgs
The Captive Shared Services Centers and BPO/KPO require a flexible automation platform with robotics capabilities to fulfill their customer’s horizontal & vertical needs, faster.
Technology & Services Organizations
Our forte in product development helps us offer independent applications development projects to Clients who wish to invest in their own IPR creation on a pure services model.
Manufacturing & FMCG
Our product suite integrates the ‘back-office’ with ‘field operations’ through mobility, regardless of whether the business processes automation is for sales or customer services.
Life Sciences & Pharmaceuticals
The business processes such as Clinical Trials, Research Documentation, Geo-location Tracking, Exception Reporting, etc. are the key automation areas in this sector.
Government Organizations
This sector is increasingly embracing Workflow & DMS-based government-to-citizen services, e-governance, and e-office solutions with the objective of creating less-paper offices.
Harness the Powerful Products
ServoStreams
BPM Suite
Advanced BPMN2.0 compliant BPM Suite with a set of tools that enables rapid automation of business processes involving Human & Robotic executors.
ServoDocs
Document Management
Enterprise DMS for voluminous Archival/Retrieval and extensive integration needs capable of using cloud object storage like Amazon S3.
ServoWebScan
Web Scanning Workflow
TWAIN-compliant Web-Scanning Imaging Workflow System with centralized control, multipage document generation, editing like add/delete, etc.
ServoImage
Mobile & Desktop SDK
Mobile-based Image Processing Library for image auto-correction, compression, JPG to PDF/TIFF conversion, and more; built on open source.