Streebo Helps Medium sized co-operative credit society to Deliver Innovative Mobile Experiences to their Members and Advisors

Dec 18, 2017

Houston, TX – Streebo Inc., The leading digital transformation company, today announced, it has helped Medium sized co-operative credit society quickly develop and deliver mobile apps for both its members and advisors, and enhanced the overall customer experience across its financial services business. Built using Streebo’s revolutionary Drag-and-Drop application development platform – DX Accelerator, Medium sized co-operative credit society could roll-out both the applications in just 4 months, cutting the estimated app development time into half. While the members’ app allows users to access their credit accounts, transfer funds and, pay utility bills, the Advisor app enables advisors to assist members best way possible and act as a walking branch, both the apps feature sleek user interfaces with minimalistic design and intuitive navigation.

Available across iOS and Android platforms, these apps feature, an intuitive chatbot (Allowing users to interact and transact via Facebook™ Messenger), Multi-factor authentication (With Touch-ID Access), eKYC and Mobile Wallet. Complex integration to SAP Core Transaction System, UPI Gateway and 3rd party apps such as; Travel bookings and Utility Services made easy with Streebo DX Accelerator’s unique ‘Point and Click Interface’.

With almost 100,000 advisors using the app as on Nov’17 actively, Medium sized co-operative credit society show a sharp rise in their members adopting the app to 15% (of the registered users). This led to 60% increase in ‘intra-day transactional revenue’ through the mobile apps.

“In this age of digital transformation, we want to be leaders when it comes to innovation and customer experience,” said Himanshu Shah, Chief Technology Officer, Medium sized co-operative credit society “Being agile and responsive to our members and advisors enable our continued success and keeps us ahead of our competition. Built on award-winning IBM technologies, Streebo DX Accelerator platform supports our digital transformation initiatives – one that lets us build omni-channel apps, integrate them seamlessly with our legacy systems, and drives a shorter time-to-market. With Streebo, we can deliver a greater customer experience, every time, on time.”

“At Streebo, we’re committed in helping our customers compete and win with world-class apps built in shortest possible time,” said Sarfaraz Malek, Managing Partner, Streebo Inc. “Streebo has worked with world’s leading financial services companies and we’re excited to partner with Medium sized co-operative credit society in their digital transformation journey as they continue to deliver value and exceptional digital experiences to their members and advisors.”

For more about Medium sized co-operative credit society’s Digital Transformation Initiatives:
• Medium sized co-operative credit society and Streebo DX Accelerator – https://youtu.be/0_-eMbNDQhw

About Medium sized co-operative credit society
Medium sized co-operative credit society in every sense, is a truly credit co-operative society. Medium sized co-operative credit society started its operations in the year 1999 as a co-operative society primarily catering to the local masses in Rajasthan who came majorly from agricultural background. With a mission to uplift the weaker sections of the society from the rural areas of the country, Medium sized co-operative credit society never shies away from exploring and embracing the latest process and technologies. Owing to this fearless approach, it is the only credit co-operative society the country, which has launched its own mobile application for over 99% of its business transactions.

In February 2008, it received the status of Multi-State Co-operative Society by the Ministry of Agriculture, Government of India. Medium sized co-operative credit society boasts of having mutual status, which means it is owned by and run for the benefit of our members. Be it the branch network, advisor strength or deposit procurement, Medium sized co-operative credit society is second to none in the credit co- operative sector. They take pride in powering India’s co- operative movement by ‘financial inclusion’ with more than 800 branches, 2 million members, 3 lakh advisors.

In recent developments, Medium sized co-operative credit society associated with leading banks to provide services like RTGS, NEFT and UPI to the members for transferring funds. It has connected all its branches through Real Time Technology. They also tied up with a leading bank to provide NACH facility (driven by NPCI) for their RD product. They also launched their Mobile Money Application, becoming the first credit co-operative society in India to provide such facility. For security audit purposes, online scrutiny of all the financial transactions is done by a highly qualified team.

About Streebo Inc: Headquartered in Houston, TX with offices across the Americas, UAE and Asia, Streebo Inc. is an IBM Gold Business Partner and provider of Digital Transformation solutions to some of the world’s leading enterprises. Powered by their Low Code, Drag-and-Drop platform – DX Accelerator, and packed with AI capabilities, their industry and domain specific solutions help enterprises extend world-class, digital experience to their customers, employees and partners. Visit www.streebo.com for more details. To know about Streebo DX Accelerator, click on https://youtu.be/1PuQ27ufc6c