Loan Agreement Automation
Published on Jul 12 2024
Overview
Client Location
India
Industry
Lending
Need
Efficient loan processing with automated document assembly.
Ratnaafin is a rapidly growing non-banking finance company (NBFC) in India, part of the esteemed Ratnamani Group. With over 38 years of experience, Ratnaafin offers a comprehensive range of financial solutions tailored to the needs of micro, small, and medium enterprises (MSMEs)
Challenges
Transforming trade finance processes digitally and integrating with FinTech APIs were significant challenges. Creating user-friendly mobile and desktop applications while improving credit risk assessment and capital efficiency required a robust solution.
1
Building booklets and files for loan processing.
2
Automating data entry and document handling.
3
Integrating with LOS & LMS, eSignature, and eStamp procurement.
Solution
FintegrationFS developed an on-premise solution that automates document assembly and integrates with various services, saving 80% of the operations team's time.
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Automated Document Assembly: Implemented automation for document creation, significantly reducing manual effort.
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Operational Efficiency: Achieved a time savings of 80% for the operations team through automation and streamlined processes.
Components
Impact
Operational Workload Reduction
Reduced operational workload by 80%.
Streamlined Loan Processing
Streamlined loan processing.
Efficient Document Handling
Improved efficiency and accuracy in document handling.
Technology Stack
Angular
Java
Mulesoft
Oracle
