GoldPe launches APM (Automated Pawn Machine) -A Revolutionary AI-Based Gold Loan ATM

PNN

Bengaluru (Karnataka) [India], October 30: In a grand event held at the prestigious Hotel Lalith Ashoka, Bengaluru, a revolutionary product was unveiled that is set to redefine the gold loan industry. The product, an AI-based Gold Loan ATM machine known as GoldPe | APM (Automated Pawn Machine), was launched amidst much fanfare and anticipation. The event saw the presence of esteemed dignitaries including VP Nandakumar, MD & CEO (Manappuram Finance Ltd & Sharangouda G. Patil, MD (Karnataka State Souharda Federal Cooperative Ltd).Their presence added to the significance of the occasion and highlighted the importance of this innovative product in the financial sector.

The launch of GoldPe | APM marks a significant milestone in the gold loan industry specifically for Banking and Financial institutions Gold Loan Scams is one the Biggest challenging factors for Banking and Financial institutions, as per records more than 120+Cr Gold Loan scams has been found OFFICIALLY and legal actions has been taken on the Branch Managers, Gold Appraisers and Public. Several Gold Loan companies have written off more than 100+ Cr due to these scams. When AI and Gold Purity Analyzer placed inside the machine 99 per cent of Gold Loan scams can be eradicated from the Banking and Financial institutions, which will be an added benefit and profit key point for the Banking and Financial institutions.

Speaking about the AI Goldpe launch, Vijay Rajagopalan, Founder and Patent Holder's -GoldPe, said, "At Goldpe , we have always believed in the goodness of people to provide safe, effective solutions and Technological advancement for our customers (Banking, Financial Institutions & Public). GoldPe | APM is a state-of-the-art Automated Pawn Machine that leverages advanced Artificial Intelligence technology to provide instant gold loans. This machine is not only designed to analysis Gold, it will also Analyze Platinum & Silver to Overseas Market and make ease of loans more accessible, efficient, and secure for customers 24 x 7".

Considering the market and commercial impact, the company will be introducing 4 Types of machines which will be suitable for different segmented Banking and Financial institutions. The team behind GoldPe | APM is committed to revolutionizing the gold loan industry with their innovative products. They plan to install these machines in various locations across the country, making gold loans more accessible to everyone.

The launch event concluded on a high note with the dignitaries expressing their excitement about this revolutionary product. They commended the team behind GoldPe | APM for their innovative thinking and wished them success in their future endeavors.

As we move forward, it's clear that products like GoldPe | APM are not just changing the way we avail of loans but are also shaping the future of the financial industry.

The launch of GoldPe | APM marks a significant milestone in the gold loan industry. It brings a level of convenience and efficiency that was previously unheard of in this sector. Customers no longer need to visit a bank or financial institution and wait for their loan to be processed. With GoldPe | APM, they can get their gold loan instantly, safe and secured within less than 8min & 24x 7. Digitization of Gold jewel is major setback in Gold Loan industry in any Banking and Financial institutions. System will make recording of all process and formatted document will be sent to public and also Banking and Financial institutions.

Audit's on Gold loan will be much simpler and faster with our GoldPe | APM. Moreover, the use of AI technology and Metal Analyzer ensures that the assessment of gold is accurate and fair. This not only instills confidence in customers but also makes the loan process more transparent.

Sreyas Software Solutions (P) Ltd., Chennai India known as SSS technologies' Team is behind the innovation of GoldPe | APM which is an Indian Designed and Developed product under Make in India Label, the Design and development is PATENTED under Intellectual Property Rights of India and the Design patent is applied for International patent WIPO.

GoldPe | APM is a state-of-the-art Automated Pawn Machine that leverages advanced Artificial Intelligence technology to provide instant gold loans. This machine is not only designed to analysis Gold, it will also Analyze Platinum & Silver to Overseas Market and make ease of loans more accessible, efficient, and secure for customers 24 x 7.

Customers can deposit their gold in the machine, which then uses AI technology and Gold / Metal Analyzer to assess the Purity, Quality and Weight of the gold. The AI system also will weigh the STONE'S WEIGHT AND GOLD WEIGHT SEPERATELY, based on this assessment; the machine instantly disburses the loan amount into the customer's bank account or disburse cash. This entire process is quick, transparent, and completely hassle-free.

Gold / Metals will be securely packaged in Tamper proof Packages and Tamper proof labeled with QR Code indicated on it.

GoldPe | APM Machine can able to understand the Type of jewel (Perl, Solid jewel or Stone jewel). When Perl jewel is found AI system will not consider this as a Metal Jewel and system will not process for the loan.

GoldPe | APM Machine with state of technology can able to identity People Identity using Adhaar Face Match, Credit history with CIBIL score and Most important "to understand the crime history using Crime check." From Now on No chain snatcher or crime record holder will be able to encash Stolen jewellery.

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