Loan Processing Operations in Automotive Segment
Motor financing is a cyclical industry in India, it witnesses peak application periods that strain manual processes, often leading to lengthy turnaround times exceeding a week. To overcome these challenges, the implementation of an Intelligent Document Processor led to significant improvements. The solution reduced bank statement processing time to under 2 minutes, enhanced business scalability, and lowered overall turnaround times during peak months by 80%. As a result, digital banking experience was created, reducing post-application wait times.
