SMB Assistance Loans

Business Challenge

  • Monumental Loan Volumes- Loan Origination volumes for such special loans are unprecedented
  • Need for rapid Rollout- Lender banks/credit unions don’t have the necessary IT teams to spin up new processes quickly
  • Remote Access to Loans - Given the prevailing pandemic situation, remote access to loans is mandatory
  • Compliance Obligations - Regulations to minimize fraud and ensure visibility into the risk being underwritten
  • Need to Build for Change With the Government policies changing almost on a daily basis, ability to adapt to change is a must
  • Future Proffing - Systems limitations to cater to similar situations in the future

Solution Benefits

  • Fast Track Loan Originations by 40-50% Gain immediate capacity via straight through processing
  • 100% Transparency Ensure accuracy and transparency to regulators
  • 25-30% Reduction of Errors Leverage automation through OCR, e-signatures, sanction checks to reduce h
  • Mitigate Credit Risk by >30% using AI/ML via data-driven and predictive models

Airline Operations
Why Us ?
  • Awarded by Pega for “Excellence in Growth & Delivery”, 2018 and 2019.
  • 300+ Digital Transformation Project delivered
  • 900+ Pega Practice
  • 115+ Pega LSAs – One of the Highest Certified Pega Partner Globally
  • Delivering Digital Transformation in Insurance, Banking & Financial Services, Travel & Transportation, Governments and Healthcare
  • Certified Pega Upgrade Partner
  • Regional Delivery Centers, Global ODC's in Hyderabad and Bangalore. Nearshore – in UK, and US (Boise, Idaho)
Get in Touch
Americas+
Americas & Canada
Coforge Inc.

New Jersey

502 Carnegie Center Drive
Suite #301
Princeton, NJ 08540
Ph: 770-290-6113

Europe+
Europe
Coforge UK Ltd.

2nd Floor, 47 Mark Lane,
London - EC3R 7QQ, U.K.
Ph: 770-290-6113
Fax: +44 (0) 20 70020701

Asia+
Asia
Coforge Ltd.

SEZ Developer Unit

Plot No. TZ-2 & 2A, Sector Tech Zone,
Greater Noida, UP 201308, India
Ph: +91 (120) 459 2300
Fax: +91 (120) 459 2301

Rest of the World+
Rest of the World
Coforge Ltd.

SEZ Developer Unit

Plot No. TZ-2 & 2A, Sector Tech Zone,
Greater Noida, UP 201308, India
Ph: +91 (120) 459 2300
Fax: +91 (120) 459 2301

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