Mumbai,
14th March 2018: CapitaWorld
- a leading digital platform that automates the entire loan value chain has
today rolled out the first version of their revolutionary ‘Smart Loan
-Disintermediation Ecosystem’, a fully integrated lending system which will be
beneficiary for MSME’s thereby creating a new source of credit for a large,
thriving sector of the economy whose borrowing options are limited.
Similarly,
this Ecosystem will be a game changer for Banks/NBFCs, using this
Ecosystem they can easily enforce credit
discipline across banks and reduce deviant behaviour by individuals. This
initiative will be a conduit for reducing Non-performing Assets
(NPA) as it works on data transparency, data analytics, artificial intelligence
which does not have any human biasness.
The
“Smart Loan - Disintermediation Ecosystem” will help MSME’s to ease the entire
lending process by reducing the turnaround time by 70%. It will reduce the
processes that took months to days and from days to hours – infact real time as
well. It will help people raise funds from banks and NBFC’s by filling up the
‘One Form’ which the system maps and matches with fund providers using
proprietary processes along with validations, authentication and scoring,
creating a complete, scalable and robust recommendation system thereby saving
60% branch level cost and 80% paperwork. This
system will also use analytics to carry out verification and credit risk
scoring and then match the borrower with multiple partner banks and NBFC’s
whose credit risk appetite match the borrower’s profile.
Jinand
shah, Founder & Promoter, CapitaWorld speaking on the benefits said, “We have
developed an innovative way to compete in lending space for thousands of
mid-sized players. There isn’t any process which gives ease in your paperwork
with transparency. CapitaWorld is offering the MSMES’s with something newer and
faster. It will be a direct connect for the MSME’s to get funded.”
Commenting
on the initiative, Shailesh Haribhakti – Chairman, NHBS Group said, “It
will be a new platform for MSME’s where they can easily do the lending process,
with hassle-free manner. CapitaWorld has created the world’s first end – to –
end connected and fully integrated system with due diligence features for the
market. This platform will help MSME’s to save time & energy.”
Also present at the launch Mohan Tanksale,
Ex IBA Chief highlighted, “There
are significant advantages for both borrowers and lenders by entering into this
type of arrangement. For hundreds of thousands of mid-sized businesses looking
to borrow, there aren’t many options that provide a smooth, transparent
experience. We are happy to state CapitaWorld initiative is a real boon for the
Banks as it will help the bank to reach out to theses MSME’s across every segment
of the country.”
CAPITAWORLD
TO LAUNCH REVOLUTIONARY ‘SMART LOAN - DISINTERMEDIATION ECOSYSTEM’ - PLATFORM
FOR MSME’s"
Mumbai,
14th March 2018: CapitaWorld
- a leading digital platform that automates the entire loan value chain has
today rolled out the first version of their revolutionary ‘Smart Loan
-Disintermediation Ecosystem’, a fully integrated lending system which will be
beneficiary for MSME’s thereby creating a new source of credit for a large,
thriving sector of the economy whose borrowing options are limited.
Similarly,
this Ecosystem will be a game changer for Banks/NBFCs, using this
Ecosystem they can easily enforce credit
discipline across banks and reduce deviant behaviour by individuals. This
initiative will be a conduit for reducing Non-performing Assets
(NPA) as it works on data transparency, data analytics, artificial intelligence
which does not have any human biasness.
The
“Smart Loan - Disintermediation Ecosystem” will help MSME’s to ease the entire
lending process by reducing the turnaround time by 70%. It will reduce the
processes that took months to days and from days to hours – infact real time as
well. It will help people raise funds from banks and NBFC’s by filling up the
‘One Form’ which the system maps and matches with fund providers using
proprietary processes along with validations, authentication and scoring,
creating a complete, scalable and robust recommendation system thereby saving
60% branch level cost and 80% paperwork. This
system will also use analytics to carry out verification and credit risk
scoring and then match the borrower with multiple partner banks and NBFC’s
whose credit risk appetite match the borrower’s profile.
Jinand
shah, Founder & Promoter, CapitaWorld speaking on the benefits said, “We have
developed an innovative way to compete in lending space for thousands of
mid-sized players. There isn’t any process which gives ease in your paperwork
with transparency. CapitaWorld is offering the MSMES’s with something newer and
faster. It will be a direct connect for the MSME’s to get funded.”
Commenting
on the initiative, Shailesh Haribhakti – Chairman, NHBS Group said, “It
will be a new platform for MSME’s where they can easily do the lending process,
with hassle-free manner. CapitaWorld has created the world’s first end – to –
end connected and fully integrated system with due diligence features for the
market. This platform will help MSME’s to save time & energy.”
Also present at the launch Mohan Tanksale,
Ex IBA Chief highlighted, “There
are significant advantages for both borrowers and lenders by entering into this
type of arrangement. For hundreds of thousands of mid-sized businesses looking
to borrow, there aren’t many options that provide a smooth, transparent
experience. We are happy to state CapitaWorld initiative is a real boon for the
Banks as it will help the bank to reach out to theses MSME’s across every
segment of the country.”
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