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One of the largest banks in Asia approached Servosys Solutions with the aim of increasing its market share in Overdraft Loan products by reducing the Turnaround time (TAT) from 3 working days to a few minutes.
As we know, an Overdraft Loan for SMEs and other eligible individuals as a short-term loan has always been one of the most preferred modes of lending by Banks and NBFCs. However, such loans have always been time-consuming and paper-intensive processes. Such loans are requested by the customers for a short-term period, so an Overdraft sanction with higher TAT has always been less-desirable and ‘lesser-yielding’ for lenders and customers.
Servosys Solutions is a unit of EML Consultancy Services Private Limited, a company headquartered in New Delhi, India. We are one of the fastest-growing providers of software products and technology services for business process automation solutions that address challenges like process turn-around time, organizational productivity, regulatory compliance, business scalability, operational visibility and excellence.
