Case Studies
Savings and loan association improves online experience through portal and app developed by UBX
Case Studies > Savings and loan association improves online experience
In addressing the burgeoning demand for motorcycle financing among Filipinos, a leading thrift bank recognized the need for a more streamlined and integrated process. Providing financing for this crucial segment required a solution that could expedite the loan application process, reduce decision time, and ensure the swift acquisition of vehicles upon completion of requirements. The bank also aimed to automate the lending process, reach a wider audience through better channels, and decrease dependency on third-party intermediaries. Compliance with BSP (Bangko Sentral ng Pilipinas) standards was essential for a seamless and trustworthy process.
UBX rose to the challenge by developing a cutting-edge unified loans platform tailored to the bank’s specific needs. This platform facilitated both agent-assisted and self-service search functionalities for motorcycle units, integrating seamlessly with the loans application processing system. The result was a significant reduction in the time required to make lending decisions, ensuring that borrowers could acquire their vehicles promptly. The versatility of the unified loans platform also positioned the bank for rapid implementation of various loan types, enhancing its ability to meet the diverse needs of its growing customer base. Through this initiative, the bank achieved:
Wider Audience Reach: The streamlined process and versatile platform enabled the bank to reach a broader audience, expanding its market presence.
Automated Lending Process: The loan origination system automated the end-to-end processing of motorcycle loan applications, enhancing efficiency and reducing manual intervention.
Better Channels, Reduced Dependency: The bank successfully reduced its dependency on third-party intermediaries, gaining greater control over the lending process and channels.
BSP-Compliant Process and Platform: Ensuring compliance with BSP standards, the unified loans platform provided a secure and trustworthy environment for borrowers.
Improved Borrower Experience: The faster decision-making and loan disbursement processes contributed to an improved borrower experience, enhancing overall customer satisfaction.
In addressing the burgeoning demand for motorcycle financing among Filipinos, a leading thrift bank recognized the need for a more streamlined and integrated process. Providing financing for this crucial segment required a solution that could expedite the loan application process, reduce decision time, and ensure the swift acquisition of vehicles upon completion of requirements. The bank also aimed to automate the lending process, reach a wider audience through better channels, and decrease dependency on third-party intermediaries. Compliance with BSP (Bangko Sentral ng Pilipinas) standards was essential for a seamless and trustworthy process.
UBX rose to the challenge by developing a cutting-edge unified loans platform tailored to the bank’s specific needs. This platform facilitated both agent-assisted and self-service search functionalities for motorcycle units, integrating seamlessly with the loans application processing system. The result was a significant reduction in the time required to make lending decisions, ensuring that borrowers could acquire their vehicles promptly. The versatility of the unified loans platform also positioned the bank for rapid implementation of various loan types, enhancing its ability to meet the diverse needs of its growing customer base. Through this initiative, the bank achieved:
Wider Audience Reach: The streamlined process and versatile platform enabled the bank to reach a broader audience, expanding its market presence.
Automated Lending Process: The loan origination system automated the end-to-end processing of motorcycle loan applications, enhancing efficiency and reducing manual intervention.
Better Channels, Reduced Dependency: The bank successfully reduced its dependency on third-party intermediaries, gaining greater control over the lending process and channels.
BSP-Compliant Process and Platform: Ensuring compliance with BSP standards, the unified loans platform provided a secure and trustworthy environment for borrowers.
Improved Borrower Experience: The faster decision-making and loan disbursement processes contributed to an improved borrower experience, enhancing overall customer satisfaction.
Case Studies > Savings and loan association improves online experience
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