Suppose I want to create an automated loan application system and I want to reduce the use of paper and man power. I want the system to let me know when a client pays back an instalment without the client having to submit the receipt from the bank since I am not a bank I am just a company providing loanns. How am I supposed to implement that in my system?

I want the system to let me know when a client pays back an instalment without the client having to submit the receipt from the bank

Technically, you could get this information from your account payments, but it's highly unlikely you'll have programmatic access to it.

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