XRG customized and deployed one of its banking products - “FinX” to the client’s new business unit focused on Gold loan and hire-purchase business. The product is developed using latest Microsoft Technologies such as ASP.net, VB.Net,SQL Server and Crystal reports.
The client is India’s third largest micro-finance company and was looking to improve its current application which was used to cater to the growing demand of their banking and finance business. The client was facing the following challenges with the app:
- Leakage in revenue
- Issues of interest calculation that led to costumer dissatisfaction
- Poor user interface and unsatisfactory user experience in previous application
- No in house expert to configure, no configuration possible
- Delays in updating the changes in the company Loan policies
- High business growth due to increased customer satisfaction
- Automation of Loan Creation, Interest Calculation, Customer creation, Loan Settlement as well as report and receipt generation.
- Completely customizable for ever changing statutory rules
- Security and Day End Closure Process
- Real time reporting and status for the corporate office