CloudBankIn was very impressive with a wide range of functionality and security. During the scoping phase, the Habile team went the extra mile diving deep into all our existing systems to understand not just how we could integrate them, but what could be improved as well. Seamless integrations with third party system like Equifax, DocuSign, Agile CRM, Westpac Payway etc. Finally we made it on time (within one month) and on budget.
Cashify is the leading Australian private finance lender, helping everyday Aussies with a choice of fast cash loan options from $500 up to $200,000. They offer instant fast loans across Australia which is simple, secure and flexible for all of life’s situations.
- Need to compete with the speed and professionalism offered by the big four banks in Australia
- Expect a technology solution which will be flexible to work with existing marketing platforms
- Need not have the time or budget to build everything from scratch.
Cashify got more than 300 enquiries per week and the count keeps on increasing day by day as the entire process has been automated.
After smartphone penetration, people are not watching their SMS at all. They use SMS only for OTP related transactions. That’s it.
But What can a Lender see in your SMS after you consent to them?
Lender can see income, expenses, and any other Fixed Obligation like (EMIs/Credit Card).
1) Income – Parameters like Average Salary Credited, Stable Monthly inflows like Rent
2) Expenses – Average monthly debit card transactions, UPI Transactions, Monthly ATM Withdrawal Amount etc
3) Fixed Obligations – Loan payments have been made for the past few months, Credit card transactions.
It also tells the Lender the adverse incidents like
1) Missed Loan payments
2) Cheque bounces
3) Missed Bill Payments like EB, LPG gas bills.
4) POS transaction declines due to insufficient funds.
A massive chunk of data is available in our SMS (more than 700 data points), which helps Lender to make a credit decision.
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