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May 02, 2024
In 2018, when regulatory demands tightened their hold on the financial sector, CreditAccess Grameen took a bold step. They became Quant’s first client in the Non-Banking Financial Company (NBFC) realm to adopt Complius.
CreditAccess began its expansion from Bengaluru (Karnataka) with an ambitious plan to spread its operations across India by setting up thousands of branches, including in the remotest rural regions. This extensive expansion introduced a complex myriad of compliance challenges.
Complius crafted compliance trackers tailored to each establishment’s nuances, considering variables like state regulations and district-specific mandates. It transcended mere box-ticking; it orchestrated a compliance symphony, aiding their team in follow-ups, evidence validation, and real-time reporting.
During their internal audits, Complius stood as a steadfast companion, ensuring their trackers remained aligned with evolving regulations. Time and again, audits affirmed Complius’ efficacy, cementing its role as the guardian of compliance integrity.
Moreover, Complius did not just streamline operations; it revolutionized them. By managing compliance burdens, it empowered CreditAccess Grameen’s team to operate more efficiently, directing their focus towards core objectives. As deadlines approached, Complius ensured reports were flawless, ready for immediate submission.
What truly distinguished was its real-time accessibility where they no they need to navigate through a maze of regulations; everything they required was at their fingertips. It became their beacon of certainty in a regulatory landscape in flux, a comprehensive resource for compliance clarity.
As CreditAccess Grameen continued its upward trajectory, Complius remained a silent sentinel, guarding their journey with unwavering vigilance. Together, we have crafted a narrative of triumph, where compliance served them as a catalyst for success.