Looking Ahead with Technological Wave

With enhanced penetration of internet and mobile phones among people, we are increasing our digital footprints across locations without having to be physically present.

5 Apr,2017 23:30 IST 69 Views
Looking Ahead with Technological Wave

Hello folks there, today I want to discuss with you how technology lives in our heart. When I visit a shopping mall, I notice the father and his son playing the same video game, the mother and her daughter browsing the same mobile phone. Technology is dynamic and it changes the culture – the sum total of our surroundings. Terms & technologies such as straight through processing, artificial intelligence (AI), process automation, robotics, block chain or distributed ledgers are all connected to Meta intent to modernize and enhance the industry’s productivity.

Today each and every type of business is leveraging the technology and it is playing a game changing role in our housing finance sector also. The technology is integrating deep into all businesses to make them more efficient. 

Working with a housing finance company, I believe technology has always been at the heart of our way of doing business. With enhanced penetration of internet and mobile phones among people, we are increasing our digital footprints across locations without having to be physically present. 

Technology has become an integral part for the entire loan cycle- from on boarding till post sales. Customer has a lot of power today with a Smartphone- to actually browse websites of various financial players and ascertain his eligibility and the best deal. Customer can display his interest for a Home Loan through a single click and within few minutes, he receives call back. Today, there is no need for the home loan applicants to visit the branches. Instead, the employees of financial institutions visit the customer with Tablets to onboard them in the real time.

Disclaimer: The information contained in this post is for general information purposes only. IIFL Finance Limited (including its associates and affiliates) ("the Company") assumes no liability or responsibility for any errors or omissions in the contents of this post and under no circumstances shall the Company be liable for any damage, loss, injury or disappointment etc. suffered by any reader. All information in this post is provided "as is", with no guarantee of completeness, accuracy, timeliness or of the results etc. obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability and fitness for a particular purpose. Given the changing nature of laws, rules and regulations, there may be delays, omissions or inaccuracies in the information contained in this post. The information on this post is provided with the understanding that the Company is not herein engaged in rendering legal, accounting, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional accounting, tax, legal or other competent advisers. This post may contain views and opinions which are those of the authors and do not necessarily reflect the official policy or position of any other agency or organization. This post may also contain links to external websites that are not provided or maintained by or in any way affiliated with the Company and the Company does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites. Any/ all (Gold/ Personal/ Business) loan product specifications and information that maybe stated in this post are subject to change from time to time, readers are advised to reach out to the Company for current specifications of the said (Gold/ Personal/ Business) loan.

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