Jack Sparrow Loan
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Introduction and Problem Statement
The Idea is to create a ChatBot platform that enables consumers to apply for services via Social Media. Banks, Financial institution, Non-bank Financial institution, E-money operators and others can use the tool to improve their onboarding process and support timely and accurate reporting for STR.
Some financial product may require consumer to provide pages of information regardless of the value of the product (ie. Rm 1,000 Personal Loan has about the same number of pages required for Rm 5,000,000 housing Loan) Traditional screening methodology is difficult to detect foreign customer. The quality of controls varies across sectors. With grater strengths in the larger Reporting institution.
The platform would combine information gather from their social media and information provided by consumers to improve the approval process and reduces application time by auto populate information that would otherwise require consumer provide. The Social Media information (ie. #tags, Pictures, post and location) would use to generate a sentiment gauge, which serves as a tool in eases bank’s Enhance customer due diligent (ECDD) process and to deliver suspicion transaction record (STR). Social media ID will be use as another form of identity when performing Name Screening process on top of the traditional information like:
- Customer Name, Business or Legal Entity Name
- Date of Birth (for Individuals)
- Identification Number
- Social Media
- Banks and fellowship financial institution
- Efficient processing for loan approval through mobile devices and network
- Social Media Integration
- Updated loan information
- Application development
- Mobile network cost
- Data Management Cost
- Package sales
- App Stores
- Social Media
Key activities and functionsAuto-fill information needed to apply loan which fasten the approval process The Social Media ID can used as additional source of info which can used to perform AML KYC and share with Financial Institution which minimize the effort for customer recognition. Social Media information (ie. #tags, Pictures and location) can provide new personality risk profile for bank to make better judgement on whom they on Boarding.
Projects DeliveredFor this project we have delivered the following:
- Expand ECDD process
- Improve the quality of STR
- Desmon, [email protected]
- Aliff, [email protected]
- Vincent, [email protected]
- Xin Ying, [email protected]
- Syawal, twitter.com/Syawal
You may chat with Jack Sparrow from our homepage, please register your FB ID with us. As the services is still under development
more information can be found in the source code link