CloudBankin’s daily data submission automation platform is crafted to tackle the hurdles of manual CIBIL reporting by offering a seamless, efficient, and dependable solution. This platform automates the complete process of data collection, processing, and submission, ensuring lenders can fulfill their reporting duties without any stress.
Key Features of the Platform
- Real-Time Data Processing: The platform handles loan sanction data in real time, enabling instant submission to CIBIL. This ensures that credit information remains accurate and up-to-date.
- Seamless Integration with Existing Loan Management Systems: CloudBankin’s solution is designed to smoothly integrate with your current loan management systems, minimizing any operational disruptions.
- Customizable Reporting Options: The platform provides flexible reporting options, allowing you to adjust the data submission process according to your unique needs and regulatory demands.
- Improved Data Accuracy and Error Minimization: By automating data processing, the platform significantly cuts down on errors, ensuring your reports are both precise and reliable.
- Regulatory Compliance Made Easy: Automating CIBIL reporting offers the benefit of assured compliance with regulatory standards. The platform ensures that all loan sanction data is accurately submitted on time, minimizing the risk of penalties and legal complications.
- Boosting Operational Efficiency: Automation frees up essential resources by eliminating the need for manual data entry and reporting. This allows your team to focus on more strategic activities, thereby enhancing overall operational efficiency.
- Reducing the Risk of Inaccurate Reporting: By automating the reporting process, the risk of errors is greatly reduced, ensuring your data submissions are consistently accurate and compliant.
- Enhancing Data Accuracy and Dependability: The automation platform utilizes advanced algorithms to process and validate data, ensuring its accuracy and reliability. This not only supports compliance but also improves decision-making by providing more precise information.
- Cost Savings through Reduced Manual Labor: Automating the data submission process can lead to significant savings in manual labor costs. This includes not only direct labor savings but also the reduction of costs associated with errors, rework, and compliance issues.
- Enhanced Decision-Making with Current Information: Real-time data submission ensures you have access to the most current information, enabling better decision-making. Whether assessing credit risk or managing loan portfolios, accurate and up-to-date data is essential.
- Future-Proof Your Business: With ever-evolving regulatory requirements, our automation ensures you stay in sync with the latest changes.
How It Works:
- Onboarding and Setup Process: The onboarding process is designed to be simple, getting you operational quickly. Following an initial consultation to understand your specific needs, our team collaborates with you to set up the platform, integrate it with your existing systems, and configure it to meet your reporting requirements.
- Data Integration and Synchronization: Our platform integrates effortlessly with your existing loan management systems, automatically pulling data and ensuring it is synchronized in real-time. This eliminates the need for manual data entry and lowers the chances of errors.
- Daily Reporting Workflow: After setup, the platform operates autonomously, gathering loan sanction data daily, processing it, and submitting it to CIBIL. The workflow is designed for efficiency and reliability, ensuring your reporting obligations are consistently met.
- Monitoring and Managing the Submission Process: The platform includes monitoring tools that let you track the status of your data submissions in real-time. This facilitates proactive management of the submission process, ensuring timely compliance.
Embrace the Future of Lending Compliance: With our daily data submission automation, you can rest easy knowing you won’t fall behind on your CIBIL reporting. Our solution is crafted to simplify your life, letting you concentrate on what you do best—serving your customers and expanding your business.
Get in Touch with Us Today: Learn how our automated CIBIL reporting can serve your organization. Contact our team to arrange a demo and take the first step toward hassle-free compliance.
How does data submission to a credit bureau work?
CloudBankin’s platform automates the daily submission of financial data to credit bureaus in the CIBIL format. The process ensures that all necessary information is accurately compiled and securely transmitted, helping lenders maintain compliance and make timely, informed decisions.
- Email: [email protected]
- Sales Enquiries: +91 9080996606
- HR Enquiries: +91 9080996576
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(Formerly known as Habile Technologies)
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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