BPO Services For Financial Institution

Key Results
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The Problem

Our online financial institution client is devoted to providing timely access to capital.

To do this, they created a loan with non-traditional underwriting methods and a convenient, affordable repayment structure.

Potential borrowers can apply for a loan in just 5 to 10 minutes by uploading their documents to our client’s secure website. A decision is typically made in 24 hours. Loans are approved by processors once applicants successfully provide their Personal Identifiable Information (PII).

Due to their rapid growth, our client no longer had the capacity to manage the large volume of applications being submitted. They needed a partner that had the resources available to help manage the process as well as the expertise to remain compliant with the financial industry’s strict regulations.

That’s where our team at Radius Global Solutions stepped in.

Our Solution

The Results

Radius currently has 20 full-time equivalent (FTE) employees at our Mumbai, India office.

With these employees working on staggered schedules, we are able to ensure the 24/7 service required to keep the process moving.

Since project inception, Radius has:

  • Maximized revenue generation for the client.
  • Ensured the service-level agreement (SLA) of 24 hours was met with 100% quality and accuracy.
  • Provided the flexibility needed to meet increased FTE demands on short notice.
  • Demonstrated continuous improvement in performance, leading to higher target attainment and new performance benchmarks being set.
  • Improved the overall customer service experience.
smiling male customer service agent with headset
Project Timeline