Qazwa is a financial technology company that employs a sharia peer-to-peer (P2P) lending system to support the development of UMKM in Indonesia by providing Islamic-based finance and alternative financial instruments.
Efficient loan processing is critical for a business, and Qazwa understands its significance, especially during the analysis of potential customers. This necessity led to various challenges in their lending operations, such as:
Manual document verification, particularly for bank statements was time-consuming, with team members spending hours analyzing information before making informed decisions.
Human errors in data analysis are prevalent,as reliance on manual reviews impacted the overall accuracy and efficiency of the loan process.
The presence of potential fraud necessitates extra analysis due to its complexity, requiring thorough processes to protect against financial risks.
With Fintelite’s AI-powered technology, especially the bank statement analyzer and document forensics, lending companies can streamline their processes more effectively. Qazwa recognized this potential and decided to try Fintelite firsthand. Soon after, they realized how significantly it could enhance their loan onboarding process.
Fintelite emerges as the game-changer for businesses like Qazwa, revolutionizing their operations in three key areas:
Fintelite’s AI automated the verification process, cutting down credit analysis time and enabling Qazwa to process complex data quickly while making more informed decisions.
The technology rapidly extracted and analyzed data with precision, reducing credit risk while providing comprehensive and reliable insights.
With AI-driven document forensics, discrepancies and potential fraud were identified early, protecting Qazwa from financial risks. At the same time, the company achieved ten times faster processing at a lower cost.
Dikry, CEO of Qazwa, stated that Fintelite significantly enhances Qazwa’s workflow, particularly in analysis operations, making the process faster and enabling the analyst team to adapt to AI developments in Indonesia.
He also emphasized that in the lending industry, a solution like Fintelite AI is essential. It not only speeds up the loan process but also improves customer satisfaction and overall operational efficiency.
