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Diving Into Digital : How A Leadapreneur Unlocks USD 5 Million in Projected Sales

27/11/2018

51 Comments

 
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In our Stars of the Accelerator series, we explore the transformation journey of the participants in the Leadapreneur Accelerator.

Trixia Wong

From the anxiety of waiting for answers, to the pile of paperwork that needs to be filled, applying for a loan can be a long and tedious process. The consequent frustration is not only felt by the customers, but also by bank staff.

Personal Loans Product Manager, Trixia, set out to find a solution to make this process smoother and faster. She noticed that there are two key issues with the existing process:
- Manual processes contribute to a long Turn Around Time (TAT)
-The need for sales people and processing officers at various stages of the process translate in incurring high expenses

Trixia joined the Accelerator to challenge herself by transforming a business model that had been running on traditional methods for several years. Her project is to revamp and digitize the process using existing tools that the bank already has.

Moving forward, existing bank customers can use a digital platform to apply for a personal loan online. This project has been valued at the astounding amount of USD 5 million in projected sales volumes for 2019!

The online portal will drastically improve customer satisfaction because:
- Customers will be able to receive the banks decision on their application almost instantly
- They will no longer have to scan and email documents to the bank
- They can apply for loans anytime, from anywhere.

As for the bank, the advantages are tremendous:
- The bank will save money by eliminating paper application forms
- Fewer human interventions mean decreased costs
- Bank staff can focus on other more fulfilling tasks instead of mundane ones
- The project will ensure the bank’s longevity and relevance in the market
- Greater profits will be generated since the bank will be able to process a higher volume of loans
- Reduced overall TAT

Trixia set out to become a game changer and has literally become one. This is only the beginning, as she is now empowered with confidence and drive. She credits the support and encouragement from her cohort and Leadapreneur Coach, Kar Fei, for helping her maximize her potential.
Her motto is One Step At A Time.

Congratulations Trixia in becoming a Star of the Accelerator!
51 Comments
Ankit Agarwal link
25/1/2019 02:51:30

Inspiring!

Are there any stories which talk about software as a service business?

Reply
alina
16/4/2019 21:35:07

good

Reply
Ng chen ni
26/4/2019 19:36:39

Good

Reply
Xian Huang Kho
28/4/2019 22:53:47

Good

Reply
Lim Cheng Ghee
29/4/2019 15:29:22

Good

Reply
Chong Jee Jun
30/4/2019 00:44:47

Good

Reply
Chin Yee Peng
1/5/2019 07:00:45

Good

Reply
Emily
1/5/2019 18:27:17

Well said

Reply
KAMARIAH A KADIR
1/5/2019 18:59:11

Yes

Reply
Ctk
10/7/2019 18:53:58

Good

Reply
Ng
18/7/2019 16:43:10

Good

Reply
amir pilus
22/3/2019 20:34:59

GOOD

Reply
Chia Siew Keng
3/4/2019 19:03:45

Good

Reply
NIK NOR IRDAWATI
3/4/2019 21:45:40

good

Reply
Chee Ping
6/4/2019 16:18:45

Great spirit of learning

Reply
Chia Siew Keng
7/4/2019 14:11:48

Good

Reply
Seed
7/4/2019 18:29:52

Innovation does need fully support from top management to ensure the ideas able to be executed.

Reply
Tan Lui yih
8/4/2019 23:46:15

Good

Reply
Candy
9/4/2019 18:17:55

Good

Reply
Law Iyen ssi
9/4/2019 23:58:18

Good

Reply
ALIZA BINTI ZAINUDIN
10/4/2019 01:05:38

Overall is good

Reply
Chuah Sheue Lin
10/4/2019 20:47:11

Good

Reply
Lim Chea Ying
15/4/2019 17:37:26

Good

Reply
Ng Mean Leong link
15/4/2019 17:40:38

Good

Reply
Loo Ean Leng
15/4/2019 17:41:22

Good

Reply
Lim Chea ying
15/4/2019 17:43:20

Ok

Reply
Lim Eng Hoo
15/4/2019 17:47:04

Interesting

Reply
Khaw Hooi li
15/4/2019 18:06:12

Great

Reply
Lim Eng Hoo
15/4/2019 18:14:17

Interesting & fun

Reply
Ong chong tuck
15/4/2019 18:16:19

Good

Reply
Ng Mean Leong
15/4/2019 18:16:46

Noted

Reply
Ng Mean Leong
15/4/2019 18:20:54

Ok

Reply
Lim Eng Hoo
15/4/2019 18:25:01

Interesting & really fun

Reply
Foo yoke khim
15/4/2019 18:40:38

Good

Reply
Noor Azizul Bin Ahmad
15/4/2019 19:11:39

GOOD

Reply
Boey Tzyy Shiang
15/4/2019 22:29:52

Good

Reply
alina
16/4/2019 21:27:37

great

Reply
Kesavan
18/4/2019 15:56:58

Very useful

Reply
mohd khairul faizal bin ibrahim
23/4/2019 13:56:13

truly inspiring

Reply
Low Hui Ping
24/4/2019 19:46:50

Good

Reply
Amy Seow link
24/4/2019 22:20:08

Good

Reply
Chua Hwee Een
24/4/2019 22:56:22

Good

Reply
Nurul Ain
25/4/2019 22:31:37

Excellent!

Reply
Ong Ee Zhen
25/4/2019 22:59:01

Good

Reply
Goh Aik Chuan
29/4/2019 02:32:56

Great

Reply
Yap Yen Ching
29/4/2019 09:09:13

Good

Reply
Lim Peng Chun
29/4/2019 10:42:31

Good

Reply
Leong Chean Li
29/4/2019 22:44:21

Good

Reply
Erna binti Roslan
30/4/2019 22:46:29

Good

Reply
Mohd Rahim Bin Ralim link
1/5/2019 00:50:25

Good

Reply
Sam
18/7/2019 17:37:12

Good

Reply



Leave a Reply.


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