CHALLENGES: Standard banking practices in Pakistan require that a tracker to be placed on all leased vehicles. One of the leading banks in Pakistan was additionally facing challenges locating and repossessing vehicles from defaulted customers.
SOLUTIONS: TPL Trakker supplied the means for tracking vehicles as per industry standards. This allowed the bank to monitor and be notified when the customer crosses the designated geo-fenced area. In addition, this allowed banks the ability to resolve recurring issues regarding payments.
RESULTS: The adoption of vehicle tracking solutions yielded significant results for the bank, leading to a notable reduction in customer defaults and fraudulent incidents within their consumer departments. By maintaining a constant watch over our record of 120,000 cars, we strive to promptly address security threats, safeguard assets and enhance financial stability.