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Customer Story

Beequip

Risk assessment at underwriting for commercial customers.

Beequip finances heavy equipment (used and new) for the construction, infra, agri and logistics sector. On average, it took Beequip 35 minutes to assess each lease application. This was too long, and it was quickly recognized that this formed a bottleneck for further growth.

"Within 6 months of implementing FRISS, 25% of applications are accepted without the intervention of an employee."

Results:
STP Acceptance in 25% of the cases
• More efficient and structured KYC process
Compliancy guaranteed automatically
• Use of Web-IQ accelerates online investigation

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