ZOODTech's cloud-native digital platform enables banking partners to rapidly and efficiently introduce Shariah-compliant digital lending services to the underbanked population within a holistic ecosystem, which can be delivered as an all-in-one solution or tailored to specific needs, providing the essential technological and requisite advisory services.
Customer Acquisition Cost
Credit Approval Rate
Open Bad Debt
Average Order Value
Virtual Installment card
Partnering with Mastercard, Zood unveils a cutting-edge Buy-Now-Pay-Later card tailored for the unbanked and underbanked. Seamlessly bridging online and in-store shopping, it boasts rapid deployment and versatile installment options. A game-changer for financial inclusivity.
Shariah-Compliant Digital Lending & E-commerce Marketplace
Our e-commerce lending marketplace enables banks to boost consumer engagement and achieve low-cost customer acquisition, fostering an environment where customers and Islamic financial products connect with ease.
Holistic Technology for Risk Management
Our comprehensive technology provides tools for managing risks tied to high-velocity lending products for the underbanked population, ensuring the bank's security and instilling confidence in potential borrowers.
Benefit from an economically efficient multi-channel distribution system which helps reduce operational costs.
Reduced CAC & increased Monetization
Acquire customers without heavy investment and open new avenues for revenue generation.
Robust Credit Assessment
With our proprietary risk management tools, minimize non-performing debt while ensuring sustainable, cost-conscious loan origination and financially sound lending operations.
Upsell & Cross-Sell Opportunities
Explore opportunities to cross-sell and up-sell other banking products to consumers and SMEs, including liability-side and bank assurance products.
Compliance with Local Regulations
Keeping up with varying local regulations can be daunting. Our platform is tailored to ensure compliance, so the bank maintains a strong standing with regulatory bodies.
Enhanced Customer Stickiness & Scalability
Deliver a seamless user experience via a fully digital and integrated platform, enabling the bank to retain customers and scale efficiently.
Technology & Advisory Solutions
1. Lending E-commerce marketplace
Create lending marketplaces to allow 3rd parties to sell through your platform to enrich offerings and stimulate growth. Provide a seamless experience over mobile and web with advanced back-office management and a self-service seller panel. Our headless e-commerce solution enables you to reduce time-to-market and expand your revenue streams through our easy integrating global lending marketplace platform - Flexible and Modular Front-Face on Mobile and Web Platforms - Comprehensive Self-Service Seller Back Office - Key Seller Account Management - All-in-one Back Office to manage e-commerce operations with easy integration with 3rd parties' solutions - BI Monitoring & Insights Tools - Pricing and Competition Monitoring Tools - Promotion and Campaign Management Tools - Advertisement and Sales Boosting Tools for sellers - Performance Marketing Tools - CRM Tools for Customer and Seller Support - Local and Cross-Border Catalog and Product Management Tool - Cross-Border Merchant Recruitment & Onboarding - Online Training Tool for Seller Onboarding and Activation
2. Risk Management & Lending Optimization
Benefit from a robust risk infrastructure across the entire lending life cycle, from loan origination, fraud detection and prevention, risk underwriting, and decision-making through portfolio reporting, analytics, and control, customer retention management up to early collections, and late debt management strategies - Robust Customer and Transaction-Level KYC, Fraud Detection and Prevention - Streamlined and Digitized Loan Origination, Product, and Customer Segmentation - Internal and External Data-Point Integration, Data Aggregation and Enhancement - Data Science-Driven Development of Scorecards, Decision Trees, and Risk Policies - Automated Decision-Making and Instantaneous Loan Approval Process - Risk Reporting, Analytics, and Portfolio Management with Power BI Visualizations - Technology-Powered Early and Late Debt Collections Strategies and Processes
3. Virtual Installment Card
Unlock the future of online lending with our Virtual Installment Card solution. A unique Buy-Now-Pay-Later Card (BNPL), offered by Zood in partnership with Mastercard, will allow the bank’s underbanked customers to purchase products from thousands of online and in-store retailers, bridging the financial inclusion gap. This revolutionary card has the following features - Complete Virtual Card infrastructure with card issuance, processing, authorization, and transaction management capabilities - Plug-in for BIN sponsors in respective markets for clearing, settlement, and reconciliation - Regulatory compliance framework to ensure the bank meets its regulatory and internal compliances - Flexible payment options, available both as a Virtual Card and a Physical Card - Launch with speed and scale with ease without integration requirements with the bank or at the merchant’s point of sale - Customization options to tailor the product offerings to the bank’s revenue and duration requirements including. - BNPL (Non-Interest-Bearing Equal Term Installments) - Consumer Lending Program (Interest-Bearing Equal Term Installments)
4. All-in-One Zood Ecosystem Franchise
The comprehensive Zood Ecosystem (Lending, Marketplace, and E-logistic) presents an ideal opportunity to take banking to the next level with lean customer acquisition, innovative Shariah-Compliant lending solutions, and the ability to scale with agility with an implementation in less than 2 months - Risk Management and Lending Optimization - Lending Marketplace Web/App - Virtual Installment Card - ZOOD Branding License - Holistic Business Solution: E-commerce, Technology, and Risk Advisory for Implementation