Digitalizing your daily deposit life cycle
Daily Deposit Digitalization is a holistic FinTech suite developed for the bank as well as its agents and customers, tackling the pain points in the daily money depositing process, making the whole process a cake walk! Earlier, the system of daily collection process had a lot of loopholes where the agents could manipulate the collection amount that gets updated to the bank and sly away with the customer’s money by forging the chits that are given to the customers post the collection. Not just that, there was no system or guidelines to restrict a customer from depositing more money than the actual daily deposit sum which resulted in more deposits during the last month of account maturity. This has brought in large losses to the bank as well as to the customers and when these cases amplified; our client approached us for a solution.
Our FinTech Suite is a one-stop shop for all these worries. Your money is always safe when we are involved in your transactions. Want to know the highlights of this Suite?
Daily Deposit Agent App
This helps the agents with all the daily money collection requirements right from updating the collection sheet to updating the bank account and notifying the customer with an SMS.
Daily Deposit Branch Site
This is the main control panel for the bank where the bank gets analytics and reports on each and every transaction. Whenever a collection is made, this site is updated in real-time.
Daily Deposit C-Suite
This solution helps the higher officials like the CEO, COO and CFO of the bank to get a bird’s eye view of the deposit history when large number of transactions happens in the bank every day.
Customers App
The customer gets to view their passbook by installing this App in their mobile phone. They are also notified every time with an SMS on their bank account balance and transactions.
Perks for Agents
The agents can now enroll to be collectors with zero investment as our solution works on a simple mobile phone. No more investing money on collection machines!
Native Language
When we design our solutions for the ‘underbanked’, we make it a point to address all their needs. Our Suite is customizable into native language which enables easy onboarding and use by the local natives.
Insights for the Bank
With our AI-powered smart app, banks can now predict those areas that need more agents and the loan limit of a customer based on his deposits. This will help the bank to cross-sell products by observing patterns and anti-patterns.
We have also maintained an eco-friendly approach through digitalization where all paper chits are replaced by digital messages. We are paving way for a Digital India by starting off with the implementation of this initiative in Odisha, which is a top performing state in the Startup India program. By implementing our solution in SDCC bank in Sundargarh, we are contributing our part towards Digital India with the support of the government programs - Startup India and Startup Odisha.
Don’t hesitate to upgrade your banking experience with robust and secure solutions from Techsofin’s digital lab! Take your phone and reach out to us. List out all your requirements and we will get back to you with the best solution that works for your organization!