Progressive Finance launches loan automation system
Progressive Finance Limited has launched a credit automation system called Credit X in collaboration with SB Solutions Pvt. Ltd. and DigiHub Pvt. It automates and digitizes internal loan workflow, risk assessment, loan approval.
Progressive Finance Chief Executive Officer Vishal Humagai and SB Solutions Chief Executive Officer Sanjog Mishra signed the agreement on behalf of their respective organizations.
Paper-dependent loan workflow from Credit-X can be done digitally. It will also help reduce the risk associated with borrowing customers by monitoring the risk parameters within the system. The loan automation system is designed to meet international rating standards.
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