Euro Groshi success story
Employing industry best practices to launch a PDL platform in 2.5 months
Find out how the HES MFI solution gives Euro Groshi a competitive edge by
allowing it to issue quick underwriting responses.
allowing it to issue quick underwriting responses.
Challenge
Meet the European money lending standards
Euro Groshi needed to implement and comply with European money lending standards. The company
was planning to operate online without any physical branches and was looking for a field-proven
technology solution for payday loan
management .
was planning to operate online without any physical branches and was looking for a field-proven
technology solution for payday loan
management .
Approach
Robust functionality combined with well-though-out UI/UX
HES not only fulfilled all functional requirements expected behind the scenes, but also created a
comfortable UI experience for Euro Groshi’s clients. Now, HES LoanBox handles multiple loan
workflows in a single automated environment.
comfortable UI experience for Euro Groshi’s clients. Now, HES LoanBox handles multiple loan
workflows in a single automated environment.
2.5 months
Time-to-market
30-40%
More customers in the first three months
75%
of customers apply online
Result
Online customer acquisition and loan decisions in minutes
HES LoanBox gives Euro Groshi a competitive edge by allowing it to make quick underwriting
responses and design customized loyalty programs. The credit application process for new
customers takes not more than 15 minutes. Repeat customers get loan decisions within 5 to 10
minutes.
responses and design customized loyalty programs. The credit application process for new
customers takes not more than 15 minutes. Repeat customers get loan decisions within 5 to 10
minutes.
Without any physical branches or servicing locations, Euro Groshi’s efforts are focused on perfecting the online
lending experience and delivering the vital personal touch.
lending experience and delivering the vital personal touch.
day.