Galaxy Tabs help Suryoday Bank extend its digital outreach
Dec 07. 2020Suryoday Small Finance Bank is a new age bank that commenced its operations on January 23, 2017. Their endeavour is to bring best solutions to the banking sector in India.
Challenges
Suryoday Bank’s main vision is to cater to the huge sector of under-banked and unbanked population in India. But with limited number of field executives, extensive paper work, and manual process for opening accounts and loan collection, the operation was slow and tedious. Also, as the bank is in its growing phase and has few branches, it sends its team of executives in the field with tablets to curb the paperwork. But the chances of these tablets getting misused for work other than banking-related were of a high probability.
Solution
Galaxy Tabs were given to Suryoday field executives to help digitise their customer on-boarding process
Knox enabled automatic installation of their eKYC application for Aadhaar verification on all tablets
These tablets were configured to KIOSK mode through Knox Manage
Knox Manage further enabled complete digitisation of
• Current Account and Saving Account opening (CASA)
• Loan collection
• Loan disbursement
Result
Customer application was updated in real-time to the central server
eKYC Aadhaar verification made the customer on-boarding process quick and hassle-free
KIOSK Mode eliminated the risk of tablets getting misused and on-field employees could access authorised applications only
Turnaround time of loan collection decreased significantly
Central monitoring of the devices added transparency to complete operations