More Related Content Similar to Novopay MFI Lending.pdf (20) Novopay MFI Lending.pdf2. Confidential © Novopay Solutions Private Limited 2
End-to-End Integrated MFI Lending
01 Acquire - Digital Onboarding
Paperless digital onboarding of customers with eKYC
02 Lend - Flexible LOS & LMS
Flexible Workflow engine driven LOS and LMS system geared up for
new-age lending
Field collection, cash & cashless mode - 100% app enabled
03 Collect - Collection Management System
Support for DSA Code and promotional schemes
04 Engage - Incentivise
Increase productivity by monitoring and tracking performance of field
force
05 Manage - Fieldforce Management
06 Partner - VLE network
MFI system will seamlessly work with Digital Distribution system for VLE
engagement
3. Confidential © Novopay Solutions Private Limited 3
Flexible LOS & Robust LMS
BPMN driven loan application process flow to handle
multiple products
Lead
Management
Application
Management
Task
Management
Configure
Rules
Workflow
Management
User
Management
System
Settings
Reports &
Dashboards
4. Confidential © Novopay Solutions Private Limited 4
Digital Onboarding
Aadhaar
Custom Workflows
Biometric and OTP based Aadhaar eKYC.
Offline verification of Aadhaar and Aadhaar
Secure QR code
Low code framework to build custom
workflows for onboarding, upsell/cross sell
and customer services
8. Confidential © Novopay Solutions Private Limited
Origination Flow - NTB
Bank to provide API specification doc for the following:
-UIDAI (bio-metric)
-Aadhaar vault
-Credit bureau
-Posidex engine
-SMS
-CBS (Disbursement, SI, NEFT, IMPS, Peny check, Saving account-
creation, updation and status)
e-mandate?
Novopay in-house API to be used for the following:
-eSign
-Voter Id NSDL
-DMS
-PAN NSDL
-Aadhaar redact
-BRE rule engine and score card
9. Confidential © Novopay Solutions Private Limited 9
Rules Strategy for Automated Lending
Rules based credit decisioning for automated approvals
Build processing strategies as a collection of rules
Implement strategies for different customer segments
Set risk tolerances for each of the workflows and
funnel out the ‘marginal’ customer for further scrutiny
Manage your risks appropriately while allowing
‘mainstream’ customers the TAT they deserve
Move away from a ‘one process fits all’ and enhance
customer experience and increase business volume
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Comprehensive Collection Management
Collection Allocation -
Intelligent & automatic
allocation
Task Management -
KPIs and task
management
Collection Settlement
& reconciliation
Cash & digital Coll -
eNACH & Payment
links
Collection App for
Agents
Analytics and
Reporting
13. Confidential © Novopay Solutions Private Limited
Comprehensive Collection Methods
13
Standing Instructions eNACH registration &
presentation
App based physical
collection (cash &
digital) by collectors
Debit card / UPI based
payment link
Delinquent collection -
Allocation to Agencies &
collectors
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Effective Field force Management
Analytics and
Reporting - Monitor,
Analyse, Improve
Task Management -
manage KPIs and
tasks for agents
Track Performance at
multiple levels
Manage KPI linked
Incentives
Attendance tracking
with Geotags
Manage
reimbursements linked
to journeys
18. Confidential © Novopay Solutions Private Limited 18
- Lead creation will be done from “Digital
Distribution” interface
- VLE will create a Lead
- VLE/DSA code will be associated with the
lead by system
- Lead will be auto-assigned to the branch
to which the VLE is linked
- SO will take forward the lead through
loan origination journey
VLE mapping