Hyperlend is a cognitive automation framework that works closely with loan origination systems for faster loan processing and seamless loan experiences.

Without Hyper-automation, Banks and FIs face the following challenges:

• Manual collection of data and back and forth communication with customers
• Streamlining of e-KYC mandates a lot of time, a small error might result in issues
• Manual loan origination process can take up to 35 days
• Lack technology expertise for automation strategy
• High volumes of diverse data involving layers of compliance checks
• Rising lending costs
• Inability to adapt to altering market conditions