Total 461 words used.
Introduction:
FLOOSS, a fully licensed and regulated financial platform by the Central Bank of Bahrain, is making swift strides in the lending industry. With a strong emphasis on accessibility and regulatory compliance, FLOOSS provides a seamless and efficient lending experience, catering to the financial needs of the community. In only months we have helped thousands of people with micro finance solutions when they need it, not later when they don’t.
Consequently we are proud to announce our accelerated entry into the Saudi Arabian market, underscoring its commitment to extending its reliable and expedient financial solutions to a wider audience.
Primary Function:
FLOOSS is dedicated to facilitating the access to small loans of up to BD750, serving as a dependable and prompt financial lifeline for individuals in urgent need.
Key Innovations:
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Setting a new standard for prompt financial assistance, FLOOSS offers an exceptional approval time of just 6 minutes, with funds disbursed as early as the following working day. In the coming quarter it will become an instant disbursement of funds.
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Leveraging the power of open banking and AI, FLOOSS streamlines the lending process, ensuring seamless operations while adhering to the stringent regulatory standards set by the Central Bank of Bahrain.
User Experience:
FLOOSS provides users with an intuitive interface, prioritizing essential information to enhance the overall user experience and accessibility. Users can furnish additional details to improve their credit rating, thereby increasing their chances of securing a loan.
Impact on the Industry:
FLOOSS has made a significant impact by providing timely financial support to numerous individuals, establishing itself as a reliable and accessible lending platform that adheres to the highest regulatory standards. We have set the new standard and have been asked by larger institutions to advise and help them innovate from the impact we have achieved.
Contributions to the Industry Trends:
FLOOSS exemplifies how technological innovation, coupled with robust regulatory compliance, can elevate the standards of financial services, ensuring accessibility and reliability for users. Its rapid expansion into the Saudi Arabian market underscores its dedication to serving a broader audience in the Middle East.
App Evolution and Future Plans:
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FLOOSS has successfully increased its loan limit to BD750 and extended the repayment period to 12 months, demonstrating its commitment to meeting diverse financial needs while upholding regulatory compliance.
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With its accelerated entry into the Saudi Arabian market, FLOOSS aims to further expand its reach and impact, providing a reliable and expedient financial support system to an even wider user base.
In conclusion, we continue to set the benchmark for accessible and reliable lending services, prioritizing regulatory compliance and user trust. FLOOSS is committed to upholding the highest standards of service and contributing to the ongoing advancement of the financial sector, both in Bahrain and across the growing Saudi Arabian market.
Nomination Title: FLOOSS APP the first and fastest loan app in Bahrain
