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Wipro Gallagher Solutions Releases NetOxygen Launchpad 3.0

Posted On: 2019-06-20 18:25:37

Wipro Gallagher Solutions (WGS), a Wipro Limited company and a leading provider of loan origination software solutions, today announced the release of the latest update of NetOxygen Launchpad, a state-of-the-art consumer point-of-sale (POS) portal delivering true digital experience and enhanced consumer engagement, across channels, throughout the loan cycle, including the post loan submission process.

Wipro Gallagher Solutions' NetOxygen Launchpad 3.0 experience helps lenders transform the consumer application by offering easy access to loan documents, disclosures, key loan contacts, and interactive to-do lists from any device (PC, laptop, tablet, or smartphone). With its responsive and adaptive design, NetOxygen Launchpad seamlessly adjusts to the end user's device.

NetOxygen Launchpad is one of the first consumer POS platforms to focus on customer engagement during the post loan submission process. It is during this time period where consumers typically have many follow-up questions and expect timely responses. NetOxygen Launchpad's borrower dashboard offers consumers the ultimate borrower transparency and flexibility through customizable widgets displaying loan information in real time.

NetOxygen Launchpad automatically and dynamically routes all queries through an online real-time chat support system. Consumers also have the ability to upload supporting documents to resolve outstanding stipulations. While bankers/loan officers, and other key support staff, are available via e-mail or phone, Artificial Intelligence-driven chatbots and live agent co-browsing provide additional automated and tailored assistance.

With automatic pre-population of more than 70% of consumer data (from various data aggregators and sources), the NetOxygen Launchpad experience makes filling out an application form, a very easy and time-saving task for the consumer. The experience seamlessly integrates with credit, asset verification, income verification, identity verification, and other key data sources and offers consumers product options that best fit their needs.

NetOxygen Launchpad seamlessly integrates a "guided help" feature that provides real-time, stepby-step guidance to users to help them perform a variety of tasks from start to finish. This feature helps users feel empowered and in control during the post loan submission process. NetOxygen Launchpad is enabled with OCR (optical character recognition) and ADR (automated document recognition) technologies, that helps in minimizing user errors.

NetOxygen Launchpad offers a true multi-channel digital experience to lenders, whether originating first mortgages, HELOCs or a variety of other loan types, including auto, boat, and personal loans. The platform also offers a dedicated loan officer view, enabling loan officers to m nage their loan pipelines, review applications, and send registration links directly to borrowers.

"The NetOxygen Launchpad experience ensures that the consumer engagement d es not end after the loan application is submitted. The typical time for application processing can b~ anywhere from 4 to 14 minutes, but the post-submission experience can be 10-30 days or more," scdd Alok Bansal, Vice President and Head, Wipro Gallagher Solutions, Wipro Limited. "Through NetOxygen Launchpad, consumers are engaged during the entire loan origination process and are provided with the necessary resources at their fingertips, wherever they are."

Shares of WIPRO LTD. was last trading in BSE at Rs.286.85 as compared to the previous close of Rs. 293.95. The total number of shares traded during the day was 375748 in over 4629 trades.

The stock hit an intraday high of Rs. 287.55 and intraday low of 282.45. The net turnover during the day was Rs. 107330683.


Source: Equity Bulls

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