About

IIFL is a prominent non-banking financial institution that offers a variety of mortgage and loan services. They offer microfinance, gold loans, home and business loans against property to SMEs. IIFL is an independent full-service institution with 2,372 branches in over 500 cities.

Project Highlights

Our developers created a mobile app that allowed IIFL’s customers to experience a flawless loan journey. The team redesigned the application that allowed customers to track their existing loans, obtain account statements, and many more services. Our developer created a loan app.

The Challenges

  • Biometric authentication
    Customers need a secure app to protect their financial details.
  • Payment gateway integration
    Since loan payments vary, there is a constant need for a secure payment integration.
  • CIBIL score identification
    A high amount of security is needed for any third-party intervention.
  • Reformed customer journey
    There was a need for a simplified and organized customer journey.
Brainvire’s experts implanted biometric authentication in the mobile app. This ensured data privacy. Customers can login securely with face identification, fingerprint, or mPIN.
Biometric authentication

Tech Stack

  • Tech stack related technology logos

    Android

  • Tech stack related technology logos

    IOS

  • Tech stack related technology logos

    AI/ML

Result

  • 5 million+ active users

    Brainvire’s team made necessary changes in the app. During COVID-19, these changes helped improve customers’ loan journeys and IIFL gained over 5 million active users.

  • Over 150 million of loan amount

    IIFL has gained over 150 million of loan amount to be managed. With a redesigned customer journey and improved app, customers spend more time on the app. This boosted cross sell and upsell activities.

  • Reduction in footfall at branches

    During the pandemic, the app helped customers to learn about their loan amounts, transactions, details, and other activities. 68% reduction of footfall at the branches was observed with this redesigned app.

  • 39% fewer support tickets

    IIFL staff received almost 39% fewer support tickets with this new app.
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Client Review

Vaibhav Gupta

Vaibhav Gupta

Manager - IIFL

“I can count on them. Their deliverables are reliable. They are communicative, flexible, and willing to evolve to meet changing needs.”
Verified On Clutch

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