RURAL BANKING SERVICES

APPLICATIONS FOR RURAL BANKING SERVICES

APPLICATIONS FOR RURAL BANKING SERVICES

Access to financial services in remote rural areas remains a challenge, as the vast majority of the rural population still do not have reliable, secure ways to save money, protect and build assets, or transfer funds. It is believed that less than 10% of the rural populations have access to financial services in India. Centillion’s Agri and Rural business platforms have helped some of the leading financial institutions in India in setting up Business Correspondent (BC) operations for Agri loan and allied assets sourcing, savings account sourcing, and setting up and managing customer service points (CSPs) to dispense cash to the bank’s, and maintain and service accounts. Centillion also provides complete Consumer Finance Fulfillment Services to help financial institutions go to market faster with comprehensive loan plans for two and four wheelers, autos, commercial vehicles, and other consumer durables.

Centillion provides, for its fulfillment services, software solutions such as:

  • Krishidvar© Business Correspondent platform for processing agricultural loans for farmers and allied assets sourcing.
  • Service Point System to perform daily reconciliation of all the funds remitted.
  • Two & Four Wheeler and Consumer Durable to capture origination, processing and credit decision of the these loans.
RURAL BANKING SERVICES

APPLICATIONS FOR RURAL BANKING SERVICES

APPLICATIONS FOR RURAL BANKING SERVICES

Access to financial services in remote rural areas remains a challenge, as the vast majority of the rural population still do not have reliable, secure ways to save money, protect and build assets, or transfer funds. It is believed that less than 10% of the rural populations have access to financial services in India. Centillion’s Agri and Rural business platforms have helped some of the leading financial institutions in India in setting up Business Correspondent (BC) operations for Agri loan and allied assets sourcing, savings account sourcing, and setting up and managing customer service points (CSPs) to dispense cash to the bank’s, and maintain and service accounts. Centillion also provides complete Consumer Finance Fulfillment Services to help financial institutions go to market faster with comprehensive loan plans for two and four wheelers, autos, commercial vehicles, and other consumer durables.

Centillion provides, for its fulfillment services, software solutions such as:

  • Krishidvar© Business Correspondent platform for processing agricultural loans for farmers and allied assets sourcing.
  • Service Point System to perform daily reconciliation of all the funds remitted.
  • Two & Four Wheeler and Consumer Durable to capture origination, processing and credit decision of the these loans.

All of Centillion’s software solutions are workflow based automated systems that are secure and scalable with roles and privileges to access these workflows. They provide data storage security, customized dynamic reports/MIS/Dashboards to required stakeholders, and offer inbuilt, automated email features.

Centillion also provides a centralized operations processing system that takes care of a range of operations such as Know Your Customer (KYC) fulfillment services, invoice processing, validation of documents through document verification units (DVU), and capturing and converting data into digital format from scanned documents and images and processing them at a centralized unit. Centillion has functional units extending Agri and fulfillment services across 125+centers across India. As a process-driven organization, Centillion prides itself in being responsive and dedicated to its clients, and in providing scalable services that can promptly meet the client’s requirements.

Software Solutions

Centillion provides a range of software solutions for its business correspondent and fulfillment services. These web tools help the client organization to:

  • Process agricultural loans and allied assets sourcing.
  • Capture details of all sourced farmer accounts.
  • Perform daily reconciliation of all the disbursed/deposited funds.
  • Capture origination, processing, and credit decision of the loans.
  • Scan documents/images through a mobile and send them to a centralized hub for further processing.
  • Manage the processing of customer application forms and end-to-end management of all documents.

All of Centillion’s software solutions are workflow based automated systems with roles and privileges that are secure and scalable. They provide data storage security, supply customized dynamic reports/MIS/Dashboards to required stakeholders, and offer inbuilt, automated email features.

Krishidvar

Krishidvar©

Centillion’s Agri and Rural business platform, Krishidvar© has helped some of India’s leading financial institutions in setting up Business Correspondent operations for processing agricultural loans for farmers and allied assets sourcing, savings account sourcing, and centralized data entry. It is a scalable platform that can accommodate the ever-increasing volumes of loan origination and disbursements, and provides opportunities for cross-selling of database gatherings. The workflow captures agricultural loan life cycle and all details of both the borrower and the borrower’s loan. Krishidvar© is an IT solution that enables the uploading of the borrower’s data, identification of specific loan documents to be collected, verification of correctness and completeness of collected documents, and their submission to banks.

  • Krishidvar© is a web-based proprietary platform/workflow to track the life cycle of an Agri Loan from lead identification to post disbursement.
  • Turn-Around-Time (TAT) analysis of a loan file can be arrived at to determine bottle necks and areas of improvement to ensure faster processing and disbursement of the loan.
  • Measures productivity of the field teams by tracking the performance of the BC executives at various locations.
  • Has an exhaustive list of all documents that needs to be collected for a complete loan file- specific to each state in India. New document categories can be added on-the-fly.
  • Tracks document collection and submission for each and every case – real time access.
  • The Workflow captures the entire profile of a rural customer and presents analytics-driven cross selling opportunity to the banks.
  • Web-based platform with MIS and real time, online dashboards for Anytime/Anywhere access.

Krishidvar© Workflow

Krishidvar - Workflow

Dairydvar

Dairydvar©

Centillion provides a tech solution, Dairydvar, which is mapped to the bank’s system and the bank can get all the data and details on an ongoing basis. Centillion gets instant data on loan sanctions, disbursements, payments etc. from the Bank. Centillion’s payment solutions and support services in remote villages through fixed and mobile BC points have ensured timely, near doorstep delivery of services to the farmers.

Centillion’s Dairydvar application tracks cattle loans that have been sourced. The team at Centillion can login securely and enter the cattle loan that have been sourced. These leads are then pushed into the clients CRM application through an API integration with the client’s system. A Proposal number is generated by the CRM and for each lead which can be used to track the lead. This application provides for better monitoring and helps improve the turn-around-time (TAT).

 Dairydvar© Workflow

Dairydvar - Workflow

Service Point System

Service Point System

Centillion’s Service Point System helps to record transactions with a bank’s clients, maintain a record of the funds remitted to various Business Correspondent Service Points (BCSPs), track details of surplus cash remitted by BCSPs to Centillion’s account, and perform daily reconciliation of all data.

  • Automatic reconciliation tool for quick and easy daily reconciliation.
  • Web based platform with MIS and dashboard activity for Anytime/Anywhere access.
  • Maintains records of all transactions and grievances from customers.
  • Offers complete cash management, disbursement, and reconciliation.
  • Provides cross sell opportunities of other banking products and services.
  • Measures productivity of the field teams by tracking the performance of the BC executives at various locations.
  • Provides real time online dashboards.

Service Point System Workflow

Service Point System - Workflow

Krishidvar©
Krishidvar

Krishidvar©

Centillion’s Agri and Rural business platform, Krishidvar© has helped some of India’s leading financial institutions in setting up Business Correspondent operations for processing agricultural loans for farmers and allied assets sourcing, savings account sourcing, and centralized data entry. It is a scalable platform that can accommodate the ever-increasing volumes of loan origination and disbursements, and provides opportunities for cross-selling of database gatherings. The workflow captures agricultural loan life cycle and all details of both the borrower and the borrower’s loan. Krishidvar© is an IT solution that enables the uploading of the borrower’s data, identification of specific loan documents to be collected, verification of correctness and completeness of collected documents, and their submission to banks.

  • Krishidvar© is a web-based proprietary platform/workflow to track the life cycle of an Agri Loan from lead identification to post disbursement.
  • Turn-Around-Time (TAT) analysis of a loan file can be arrived at to determine bottle necks and areas of improvement to ensure faster processing and disbursement of the loan.
  • Measures productivity of the field teams by tracking the performance of the BC executives at various locations.
  • Has an exhaustive list of all documents that needs to be collected for a complete loan file- specific to each state in India. New document categories can be added on-the-fly.
  • Tracks document collection and submission for each and every case – real time access.
  • The Workflow captures the entire profile of a rural customer and presents analytics-driven cross selling opportunity to the banks.
  • Web-based platform with MIS and real time, online dashboards for Anytime/Anywhere access.

Krishidvar© Workflow

Krishidvar - Workflow

Dairydvar©
Dairydvar

Dairydvar©

Centillion provides a tech solution, Dairydvar, which is mapped to the bank’s system and the bank can get all the data and details on an ongoing basis. Centillion gets instant data on loan sanctions, disbursements, payments etc. from the Bank. Centillion’s payment solutions and support services in remote villages through fixed and mobile BC points have ensured timely, near doorstep delivery of services to the farmers.

Centillion’s Dairydvar application tracks cattle loans that have been sourced. The team at Centillion can login securely and enter the cattle loan that have been sourced. These leads are then pushed into the clients CRM application through an API integration with the client’s system. A Proposal number is generated by the CRM and for each lead which can be used to track the lead. This application provides for better monitoring and helps improve the turn-around-time (TAT).

 Dairydvar© Workflow

Dairydvar - Workflow

Service Point System
Service Point System

Service Point System

Centillion’s Service Point System helps to record transactions with a bank’s clients, maintain a record of the funds remitted to various Business Correspondent Service Points (BCSPs), track details of surplus cash remitted by BCSPs to Centillion’s account, and perform daily reconciliation of all data.

  • Automatic reconciliation tool for quick and easy daily reconciliation.
  • Web based platform with MIS and dashboard activity for Anytime/Anywhere access.
  • Maintains records of all transactions and grievances from customers.
  • Offers complete cash management, disbursement, and reconciliation.
  • Provides cross sell opportunities of other banking products and services.
  • Measures productivity of the field teams by tracking the performance of the BC executives at various locations.
  • Provides real time online dashboards.

Service Point System Workflow

Service Point System - Workflow