MANAGE THE LOAN EVALUATION PROCESS
EFFICIENTLY FOR THE RETAIL SECTOR
When deciding who to extend credit to, the stakes can be high. Good decisions can lead to profitable long-term relationships, whereas the opposite increases vulnerability to bad debt, cash flow problems and fraud. However, assessing the risk of each application demands time and resources and is particularly difficult where there is little information available on the potential borrower.
Our RETAIL ORIGINATION solution allows lenders to remain in control of the entire credit application process, accurately assess credit risk, and balance accurate decision-making with operational efficiency.
This allows financial institutions to grow the retail credit portfolio safely.
Our RETAIL ORIGINATION solution is able to receive, validate and manage credit applications via multiple channels, regions and platforms and capture all the required data to constantly increase the accuracy of the risk assessment, creating in time a unique competitive advantage for the financial institution.
Unique features of the RETAIL ORIGINATION solution include:
- Remote KYC smartphone module, allowing KYC to be performed in an effective and secure manner.
- Automated traditional and alternative data enrichment, gathering on line data available in each country to create an accurate profile of the potential borrower
- Multi channel loan processing, including SMS and USSD channels
- Advanced analytics, maximizing the value of traditional and alternative data
- Powerful and flexible decision engine, allowing credit risk management strategies to be created, managed and improved in less time and at a fraction of the cost required by any other system