Boost’s technology gathers a complete loan/savings application from clients through chat, automatically offers loans based on each Financial Institution’s specific underwriting criteria, gathers credit check consent, know your customer (KYC) and supporting documents, and automatically generates a loan contract for a customer’s e-signature. Boost Capital currently serves 500K+ end clients, working through Facebook Messenger, Telegram, and Whatsapp.
The integration of Boost’s digital onboarding tech with Musoni leverages the powerful features of both systems to make digital onboarding even easier for financial institutions using Musoni’s core banking system.
Digitally onboarded customers can now be automatically entered into the Musoni core banking system through API, credit checked, analysed, and readied for approval, all within your existing system eliminating manual data re-entry while saving time.
This integration is truly beneficial for loan and savings customers, who can now access account services through chat, check their account balances, inquire about upcoming loan repayments, and access financial education, all through a secure chat.
We’re excited that this integration enables a smooth and easy digital onboarding process for customers, while also increasing the Financial Institution’s efficiency through a massive reduction in the time and effort required to onboard customers. Clients love it because digital applications are faster and more convenient and they can access it from anywhere and at any time using a smartphone.
Another benefit of the integration between Boost and Musoni is that it can be customized to meet the specific needs of each organization, leveraging the loan and savings product information already hosted in Musoni. This means that organizations can tailor the integration to their unique requirements, and roll out digital chat-based onboarding within 2-3 weeks, without any new tech adjustments or changes to loan/savings products or underwriting.
Incorporating new software into a financial institution’s existing systems can be a complex and time-consuming process. However, Boost and Musoni’s integrated offering is a powerful solution that enables quick and easy digital onboarding, rocketing financial institutions to the forefront of digital services without the headaches of building or integrating tech from scratch.
Musoni System has over a decade-long history of helping clients streamline their workflows and improve their efficiency through digitalisation technology. This partnership with Boost Capital is just the latest example of our commitment to providing our clients with the best possible solutions to help them achieve their goals and succeed in today’s competitive market.
“We’re thrilled to be working with Musoni as a software integration partner,” said Gordon Peters, Co-Founder and CEO Boost Capital. “We believe clients will see tremendous benefits from Musoni’s API-forward approach, which allows Boost onboarding technology to smoothly integrate so that clients can directly apply for loans with their preferred Financial Institution.”
“At Musoni, we value strong partnerships that allow our clients to get the most out of our platform,” said Sander van der Heyden, Co-Founder and CEO Musoni System. “We’re confident that Boost Capital will be a valuable addition to our software integration partner program and look forward to working with them to deliver top-quality solutions to our mutual clients.”
About Boost: Boost is an award-winning B2B2C SAAS platform that allows Financial Institutions to onboard loan and savings account applicants digitally in 5-10 minutes without any app download. Boost Platform has enabled 500,000+ digital loan applicants, through digital loan applications which has grown 4x in the last 12 months. For a Financial Institution to launch with Boost, no engineering time or new products are required – so Boost can launch a new partner in 2-3 weeks.
Visit Boost at https://www.boostkh.com/
About Musoni; Musoni is the leading digitalisation partner for microfinance institutions around the world: We help organisations improve their efficiency and extend their outreach through a variety of fintech solutions. These include a cloud banking system, digital field application, mobile payments module, and client banking app. We have over a decade of experience and now support 70+ organisations in 26 different countries. We take pride in our hands-on and personalised approach, with local teams in the Netherlands, Kenya, and Myanmar.
Visit Musoni at https://musonisystem.com