Sub-K / MSME – Technology

MSME Loan Technology

MSME Technology – BLISS

BLISS (BASIX Loan Initiation and Scoring System) is an in-house technology platform that aids the Credit Facilitation Services offered to partners for MSME lending.

The technology solution is designed to integrate with Core banking Solutions and to enable end to end, web-based process from lead generation to MSME loan disbursement and loan servicing.

The technology platform is India Stack compatible and designed to be compatible to deliver an array of products including, but not limited to, credit, advances, and insurance.

Key Features

  • Web based, multi-tier, multi-language, multi-user application
  • Secure, real time as well as asynchronous transaction processing
  • Auto generated transaction logs
  • Custom report generating capabilities
  • UID-Aadhaar payments platform compatible
  • Web based, multi-tier, multi-language, multi-user application
  • Secure, real time as well as asynchronous transaction processing
  • Auto generated transaction logs
  • Custom report generating capabilities
  • UID-Aadhaar payments platform compatible

Transaction Process

Lead generation channels, equipped with mobiles or tablets, qualify a prospect, and initiate the business loan process by capturing the lead’s basic details in the application. Upon passing through the in-built scoring tool for preliminary eligibility assessment, the lead is pushed through the pipeline for further risk assessment and appraisal.

On successful qualification, the application is further pushed through to the partner’s portal to generate documentation for business loan disbursement.

The platform then notifies the customer of a successful application and loan approval through SMS. The loan amount is then disbursed through partner branch or through customer’s current account.