8th August 2020, Kathmandu
MAW Investment has signed an agreement with S.B Solutions o implement the Loan Automation System to automate and digitize internal loan workflow, risk assessment, credit documentation, and approval of the Hire Purchase and Vehicle Loan. Mr. Gopal Kumar Agrawal, Director of MAW Enterprises and Mr. Bipul Dhakal, Chairman of S.B Solutions signed the agreement on behalf of their respective organizations.
With the introduction of the Loan Automation System, MAW Investment will be able to replace the paper-dependent loan workflow entirely for the Internal loan Approval Process for the Hire Purchase and Vehicle. Beside Loan Automation, it is expected to mitigate the credit risks associated with loan clients by monitoring of risk parameters within the system. Loan Automation System is built on an internal ratings-based approach as per the international standards. With this new system implementation, MAW and their end consumers can get benefits with an estimated more than 75s% reduction in turnaround time of the loan processing and approval process. Additionally, MAW is also planning to introduce Online Loan Application and Eligibility service built by SB Solutions in coming days, which will enable the customers to avail the Online Application and Eligibility Check with a feature for applying for any Hire Purchase & Vehicle Loan product such as Car, Bike and Scooter through online portal offered by the MAW.
MAW Investment Pvt. Ltd received the operating license from Nepal Rastra Bank to function as an Investment Company for Hire Purchase and Vehicle Loan. It has achieved the triumph to establish itself as a Strong & Reliable Investment Company in Nepal. MAW Investment is famous for Yamaha Bike and Scooter Products across the Country. It has a customer base of around 1+ Lakh and 40+ Branches & outlets spread all over the country.
S.B Solutions Pvt. Ltd has been providing Digitization & Automation of banking products and processes with a wide selection of products like Loan Approving System, Online Loan Eligibility, Online Account Opening, Document Management System, Vendors Management System, Corporate Banking System to automate letter of credit and guarantees, Memo Management System, Budget Management System, and Mobile Application. Currently, more then 15+ Financials Institute and corporate houses have been using the systems built by SB Solutions.