Senior Citizens Lending Management

The case study showcases a platform designed for Senior Citizens in Australia, enabling secure loans against their properties with user-friendly features and compliance with financial regulations, providing a straightforward and efficient borrowing experience.

Senior Citizens Lending Management
Industry
Industry

Fintech

Total Hrs. Spent
Total Hrs. Spent

25000

Devs on Team
Devs on Team

4

App Type
App Type

Enterprise Wide

Tech Used
Tech Used

PHP, Vue JS, My SQL

Client Intro

ASAG, operating in Australia, developed a platform to assist Senior Citizens in borrowing funds against their residential properties, collaborating with various lending institutions for tailored loan offerings.

Client Intro

Transforming Project Management : Challenges, Solutions, and Achievements


Challenges Client Faced

Challenges Client Faced -

  • Addressing the specific financial needs of Senior Citizens in Australia.

  • Simplifying the loan application process for ease of use by seniors.

  • Ensuring compliance with financial regulations and standards.

  • Accurately assessing and valuing security assets or real estate properties.

  • Integrating a straightforward system for loan underwriting and management.

  • Automating EMI deductions for hassle-free loan repayment.

  • Balancing technical sophistication with user-friendly interfaces for seniors.

What we did to fix it -

  • Tailored the platform to cater specifically to the financial needs of Senior Citizens.

  • Developed a user-friendly interface focusing on the senior demographic.

  • Integrated comprehensive KYC, loan application, and assessment processes.

  • Employed advanced valuation methods for security assets and properties.

  • Ensured stringent compliance with financial regulations and standards.

  • Implemented automated systems for loan acceptance, decline, and EMI deductions.

  • Worked in close coordination with the client’s business and technical teams.

What we did to fix it

What we Achieved



Successfully launched

Successfully launched a specialized lending platform for Senior Citizens.

 Streamlined the loan borrowing process

Streamlined the loan borrowing process for seniors using their residential properties.

Secure, transparent, and easy-to-use platform

Provided a secure, transparent, and easy-to-use platform.

Enabled efficient management of the entire lending process.

Enabled efficient management of the entire lending process.

Facilitated direct bank account EMI deductions for user convenience.

Facilitated direct bank account EMI deductions for user convenience.

Supported the growth and expansion

Supported the growth and expansion of ASAG in the fintech sector.

Laid a foundation for continuous improvement and feature enhancement.

Laid a foundation for continuous improvement and feature enhancement.

Tech Stack


Key Features we Delivered


Loan Products

Loan Products

Loan Application

Loan Application

Assessment and Underwriting

Assessment and Underwriting

Assets Valuations

Assets Valuations

Automatic EMI Deductions

Automatic EMI Deductions

Testimonials


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Brian Law

Brian Law

IT Manager, FP McCann Ltd. - UK

Softlabs Group has been engaged with us for the development of Mobile iOS/Android/Windows APPs, Desktop Apps, Touch Screen Windows APPs. Their staff have mostly been doing this work remotely but two of their resources spent some time in our offices in Northern Ireland getting project scopes & building relationships with our local team. They provided flexible services with both competent & professional staff.

Ashwin Gurjao

Ashwin Gurjao

Operations Manager, Symbio Energy Limited. - UK

Compared to previous developers we’ve worked with, Softlabs’ development quality is really amazing. Their expertise is very strong. Softlabs gave us real-time feedback on how things are going, and what can or can't be done. Their flexibility and willingness to pivot when we think is necessary is really appreciated.

Pride Sinkala

Pride Sinkala

Managing Director, SKYGOLD Ltd. - Zambia

Softlabs Group has the ability to understand the end-user and developing appropriate solutions to meet their needs. Everyone I have dealt with from the company has been extremely courteous and professional. I appreciated their dedication, critical thinking, and great responsiveness. I don’t have any doubts about recommending Softlabs to others who are looking for development partner.

Haron Kiriba

Haron Kiriba

CEO, Wiseman Talent Ventures - Kenya

Team did an outstanding job delivering a high quality software with the given deadlines. They were always available to discuss the details about the project to make sure we were focused in the right direction. I will surely recommend their services to anyone looking for a dedicated and highly experienced team.

Mohammad Kamal Ahmad

Mohammad Kamal Ahmad

Sr. Manager - Research & Advanced Analytics , Arabian Research Bureau - Oman

We would like to express our appreciation for the outstanding work accomplished by your team in areas such as Quality of work, Adaptability, Collaboration, and Effective Communication. Your dedication to these aspects has significantly contributed to our positive collaboration.

Balaji Iyengar

Balaji Iyengar

Senior IT Manager , Nippon India Mutual Fund - India

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