How they describe themselves: BankBazaar.com, India’s leading online credit processing platform, enables retail banks to offer consumers 7-minute credit eApproval on retail credit products, such as mortgages, car loans, unsecured loans, and credit cards.
BankBazaar enterprise platform delivers proven benefits including reduced sourcing costs due to automated work flow processing & reduced fraud due to our Proprietary Verification Tool-kit, while enriching customer experience with an optimized user interface & faster turnaround.
How they describe their product/innovation: 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.
Bus. Dev., Press & Sales: Adhil Shetty, CEO, firstname.lastname@example.org,
(m) +91 988400 1769