After, BankBazaar showcased its credit processing platform:
“BankBazaar.com is demoing its 7-minute eApproval process highlighting the platform’s real time integration with bank underwriting engines, loan origination systems, net-banking systems, identity bureaus, and online payroll management tools. Combined with a full service CRM system powering credit and sales work flow management, the platform delivers 7-minute eApproval via online, mobile, and tablet interfaces.The demo applicant will interact with the 3 stage online credit processing platform by providing eligibility details, reviewing and selecting a custom product offer, and completing a real time credit application, which includes secure processing of bank statement data from 21 net-banking systems. The platform’s advanced decision engine processes the case information from up to 15 independent data sources in real time and provides the applicant with an eApproval letter in 7 minutes.”
HQ: Chennai, India
Founded: February 2008
Product Demoed: BankBazaar Real Time Credit Processing Platform
Product Launch: May 2011
Metrics: $7M raised to date; 125 employees; $750M annum credit disbursed
Website: bankbazaar.com
Twitter: @BankBazaar
Finovate demo video: Demo videos will be posted next week
Introducing Adhil Shetty (CEO)