Qntrl has been immensely useful for the smooth functioning and monitoring of the gold loan process on our end. We can now ensure compliance with RBI regulations, fast-track loan approvals, and generate MIS reports for top management evaluation. We're satisfied with the benefits of Qntrl and recommend it to other banks facing similar challenges.
Model Cooperative Urban Bank
| Company | Model Co-operative Urban Bank |
| Website | https://modelbankhyd.in |
| Industry | Banking |
| Headquarters | India |
| Process | Loan Processing |
Model Co-Operative Urban Bank faced operational challenges in gold loan processing, including resource-intensive procedures, visibility into personnel activities, compliance with regulatory guidelines, risk of defaults, and fierce market competition, hindering efficiency and profitability in the highly competitive financial services sector.
Qntrl, implemented through Start IT Now, streamlined their loan processing by providing visibility into personnel activities, ensuring compliance with RBI regulations, automating EMI calculations and document generation, and offering management reports. This transformed the gold loan processing system, enhancing efficiency and ensuring regulatory compliance.
Model Co-Operative Urban Bank's adoption of Qntrl revolutionized their gold loan processing, reducing turnaround time, enhancing efficiency, and improving customer satisfaction. Their new streamlined process enabled them to gain a competitive advantage, increasing profitability and setting a benchmark for operational excellence in the financial services industry.