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Banking Client

Accelerating Loan Approvals for Higher Conversions

Challange 


High dropout rates due to lengthy approval times caused applicants to switch to competitors.


Approach

  • Analysed the Voice of Customer (VOC) to pinpoint delays and assessed the end-to-end process.

  • Streamlined approvals by removing redundant loops using lean methodology.


Result


  • Approval times reduced from 10 days to 3 days, doubling application-to-loan conversion rates.


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