CRM integration with AI, ML improves CX
Banking Frontiers|May 2023
Increasingly integrating marketing automation functionality into its CRM systems allows Credit Wise Capital to target and engage with potential customers more effectively:
CRM integration with AI, ML improves CX

Credit Wise Capital is a digital NBFC platform that leverages a qualitative decision mechanism to disburse consumer loans with a seamless and hassle-free experience for 2-wheeler loan seeker. The company leverages an offline sourcing model along with a new age of online sourcing to become a market leader in a very short time. It aims to disrupt the 2-wheeler lending market by deploying the right blend of tech-driven underwriting with an utmost focus on collections.

Founder Aalesh Avlani is passionate about technology and finance, and looks after tech, product and fund raising. Avlani is also a passionate investor with investments in 70+ companies including Bharat Pe, Rentomojo, Pee Safe, Dukaan, Flobiz, Liquiloans, Hyperface and many more. He completed his graduation from Questrom School of Business, Boston University.

Mehul Dani: During 2022, how has your CRM system adapted to the changing business/technology ecosystem?

Aalesh Avlani: With increased competition, we focus on personalization to stand out from the competition. As we deal with sensitive customer data, CRM systems focus on data security and privacy to ensure compliance with regulations and protect customer data. With the increasing use of smartphones and mobile devices among our target segment customers, our CRM systems have had to adapt to a mobile-first approach to provide a seamless customer experience (CX) across different devices. Total downloads of our app are 35,000, its total active users are 24,000, total users paying EMI on app are 10,000, total users playing quiz & games are 20,000 and number of total loans disbursed through app are over 5000.

This story is from the May 2023 edition of Banking Frontiers.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the May 2023 edition of Banking Frontiers.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BANKING FRONTIERSView All
Excelling by partnering with Fenergo, SBS, Aurai, Avanade & others
Banking Frontiers

Excelling by partnering with Fenergo, SBS, Aurai, Avanade & others

The Netherlands-based NIBC Bank defines itself as an entrepreneurial asset financier for companies and individuals, having funded private housing ventures, rental property, commercial real estate, infrastructure and cars and claims it makes a difference for its clients through long-term relationships based on knowledge and expertise.

time-read
3 mins  |
January 2025
Drive by Connectivity, Automation & Analytics: SEB
Banking Frontiers

Drive by Connectivity, Automation & Analytics: SEB

Skandinaviska Enskilda Banken, or SEB, promotes digitization as much as it operates as an established bank:

time-read
3 mins  |
January 2025
Afterhour Passions
Banking Frontiers

Afterhour Passions

Professional success is often shaped by what a person does afterhours. Let us look at a few such people and what hobbies recharge their body, mind and spirit:

time-read
5 mins  |
January 2025
A colossal rise in agri credit
Banking Frontiers

A colossal rise in agri credit

A study by 3 academics on the impact of bank credit for agricultural sector reveals very encouraging trend:

time-read
3 mins  |
January 2025
The Future of Cybersecurity: Balancing AI & Human Expertise
Banking Frontiers

The Future of Cybersecurity: Balancing AI & Human Expertise

There is no denying the fact that the continued evolution in AI will redraw the landscape of cybersecurity. In this respect, the future of digital defences rest on how effectively AI capabilities are balanced with human expertise.

time-read
3 mins  |
January 2025
REINFORCING BRAND COOPERATIVE
Banking Frontiers

REINFORCING BRAND COOPERATIVE

Banking Frontiers organized its annual Frontiers in Cooperative Banking Awards and Conference in Lucknow in October where stalwarts from the sector shared insights into progress achieved and gave guidance on the road ahead.

time-read
10+ mins  |
January 2025
Magma HDI & Mahindra Finance collaborate to expand insurance access nationwide
Banking Frontiers

Magma HDI & Mahindra Finance collaborate to expand insurance access nationwide

Mahindra Finance, a leading player in India's non-banking financial services sector, has forged a strategic partnership with Magma HDI General Insurance Company to deliver customized general insurance solutions to its extensive customer base.

time-read
1 min  |
January 2025
AI for underwriting, personalization, claims & more
Banking Frontiers

AI for underwriting, personalization, claims & more

Sunil Jain, Chief Digital Technology Officer, Pramerica Life Insurance:

time-read
4 mins  |
January 2025
IoT & Chatbots - a rich data trove
Banking Frontiers

IoT & Chatbots - a rich data trove

Aditya Mall, Appointed Actuary at Future Generali India Life Insurance reveals new opportunities in insurance and the enablers:

time-read
2 mins  |
January 2025
Marching hand-in-hand: Innovation & Automation
Banking Frontiers

Marching hand-in-hand: Innovation & Automation

In the January 2024 issue of Banking Frontiers, Gyanendra Singh, CTO of Aviva India, had shared about how the company excels at RPA through governancebased implementation and pragmatic vendor selection. He shares more initiatives since then:

time-read
1 min  |
January 2025