NBFC Automation
Embracing Automation to Create Better Customer Experience

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NBFC Automation
Embracing Automation to Create Better Customer Experience

Request A Demo

The Non-Banking Financial Companies are facing significant challenges due to various factors such as growing regulatory requirements, higher business risks, the impact of technology-driven changes in traditional business models, and increasing customer expectations. These trends are leading to a shift in the way Non- Banking Financial Services, with customers playing a more prominent role in shaping the industry.

Automation is one such path that can help NBFCs to enable better financial services like easy loan disbursal, flexible repayment options, and a lot more.

Challenges that Automation can Solve for NBFCs

Collection Management
NBFCs face challenges in managing collections, particularly in cases where borrowers default. Developing effective collection strategies and processes require innovative solutions

Credit Assessment
With high volume data generated, credit assessment is a challenge to determine the creditworthiness of borrowers. Ensuring the accuracy of the credit assessment with manual error is tough

Loan Origination Process
The loan origination process is a critical challenge due to the multiple steps involved like credit assessment, documentation, status update and sharing information

Maintaining Regulatory Compliance
NBFCs need to comply with various regulations related to loan origination, such as KYC/AML norms, disclosure norms, and fair lending practices. Failure to comply with these regulations can result in penalties and damage the company’s reputation.

Challenges that Automation can Solve for NBFCs

Collection Management
NBFCs face challenges in managing collections, particularly in cases where borrowers default. Developing effective collection strategies and processes require innovative solutions

Credit Assessment
With high volume data generated, credit assessment is a challenge to determine the creditworthiness of borrowers. Ensuring the accuracy of the credit assessment with manual error is tough

Loan Origination Process
The loan origination process is a critical challenge due to the multiple steps involved like credit assessment, documentation, status update and sharing information

Maintaining Regulatory Compliance
NBFCs need to comply with various regulations related to loan origination, such as KYC/AML norms, disclosure norms, and fair lending practices. Failure to comply with these regulations can result in penalties and damage the company’s reputation.

How can Automation Help NBFCs?

Loan Processing
Process loans faster-using automation in loan applications, analyzing credit scores, and sharing data with underwriters to make lending decisions

Fund Transfer
Create autonomous electronic fund transfer with automation, integrate payment gateway with banking system without any overhead cost, and quickly identify fraud attempts

Reconciliation Process
Monitor and compare banking system data using automation in the reconciliation process and maintain the database with accurate information

Asset Management
Facilitate smooth workflow with automation in multiple processes like investment analysis, risk management, reporting and forecast risk to identify potential mitigating actions

For the ease of use and powerful IT Automation
capabilities, Automation Edge was our clear choice.
AutomationEdge has helped us automate 45% of
IT tickets per month. ”

Venkatesha Murthy,
VP – Technology

Read Success Story

AutomationEdge is the key for success in process identification and automating those manual process. And for HDFC bank AutomationEdge has automated 15+ business process and helped us in bringing the agility and higher ROI with RPA and automation tools ”

Ajay Kappor,
Sr. EVP

Read Success Story

For the ease of use and powerful IT Automation
capabilities, Automation Edge was our clear choice.
AutomationEdge has helped us automate 45% of
IT tickets per month.”

Venkatesha Murthy,
VP – Technology

Read Success Story

AutomationEdge is the key for success in process identification and automating those manual process. And for HDFC bank AutomationEdge has automated 15+ business process and helped us in bringing the agility and higher ROI with RPA and automation tools ”

Ajay Kappor,
Sr. EVP

Read Success Story

Benefits of Automation in NBFCs

Reduce Risk of Fraud

Reduce Risk of Fraud

Accurately assess the creditworthiness of users with automation in real-time monitoring of loan processing and data sharing

Process Loan Faster

Process Loan Faster

Speed up the loan processing with RPA and AI in registration, extracting information, analyzing credit scores, and making lending decisions effectively

Scalable Banking Operations

Reduce manual intervention in underwriting, disbursement, and servicing, with automation and scale up business Processes as per the requirements.

Create Digital Experience

Create Digital Experience

Initiate smooth process flow with automation technologies in banking process and create efficient customer experience with digitization

AutomationEdge Ready Solution Workflow (SolFlos) for NBFCs

Bank Statement Analysis

Bank Statement Analysis

Customer Onboarding

Customer Onboarding

Loan Against Securities

Loan Against Securities

Nostro Reconciliation

Nostro Reconciliation

Customer Services

Customer Services

IT Service Desk

IT Service Desk

AutomationEdge Hyperautomation Solutions for NBFCs

DocEdge- Intelligent Document Processing

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Ready Solution Workflows (SolFlos) for NBFCs

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RPA, API, and UI
Automation

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400+ Ready
Integrations

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