A financial institution provided loans to SMEs for asset purchases but faced challenges:

• No real-time visibility into customer business performance.
• Difficulty tracking asset usage, leading to inefficient mortgage and loss management.
• Limited ability to offer proactive services like maintenance alerts to optimize asset utilization.

• The institution introduced remote asset monitoring, using trackers to capture asset usage data and evaluate business performance.

• 360% improvement in mortgage and loss management within 9 months.
• Expanded IoT-based services by 2029.
• Preventive maintenance alerts reduced downtime and improved asset utilization.