Site for processing RRSP loan applications A financial institution has commissioned OKIOK to develop a Web application that would receive and process RRSP (registered retirement savings plan) loan applications sent by their financial agents from their own websites.
Year in, year out, the client was receiving thousands of RRSP loan applications by fax. The client wanted to increase volume and speed up processing times, without increasing personnel. In order to assist them, OKIOK designed a solution that would provide instant access to loan applications and faster processing. What’s more, the advanced authentication protocols allow for a secure interconnection with third-party providers, which offers competitive advantages such as automatic approvals for the majority of requests.
Not only has the financial institution increased their volume of loans, they have also substantially reduced the processing time for loan applications. Today, they are seeing considerable savings in addition to increased customer satisfaction. Best of all, they can feel confident that sensitive transactions are taking place in a secure environment, protected by advanced technology.
