Intellect Lending is a single loan management system that supports all the financial facilities for the bank for many market segments, from Retail to Corporate. The most flexible and comprehensive loan management system covering all business products of the bank including Mortgages, Auto Loans, Commercial lending & Leasing solution.
BANKS MUST ADAPT TO INTEGRATED LENDING SOLUTIONS TO LEVERAGE MARKET TRENDS
The global lending portfolio is expected to reach $38 trillion by 2019, growing at an average CAGR of 7.9%. To handle such growth volumes and to cater to the increasing and varied preferences of individuals and corporate who want to decide how much money to take, at what rate of interest, tenor, period and mode of repayment, banks need to examine their existing capabilities to provide the loans efficiently.
Today, banks are increasingly in need of a unique and robust loan solution due to multiple reasons. For example, legacy loan systems lack support to meet expanding requirements of end customers. This is because a lending system (as part of a core banking solution) would not be as responsive to the changing needs as a standalone Lending Management & Servicing system. However, on the other hand, customers expect innovative financial products; this along with the severely competitive market scenario forces banks’ loan models to transform from a seller to a buyer.
Another strong reason is that banks are forced to play between the ‘volume and value’ combination for Retail & Corporate customers. Thus, it becomes increasingly clear on the need for scalability in terms of handling volumes and multiple financial solutions through a single system.
A HOLISTIC LOAN LIFECYCLE MANAGEMENT SYSTEM FOR ALL FINANCIAL FACILITIES
Intellect Lending enables banks to process various loans with multiple options and provides rich functionalities at each and every stage of the loan lifecycle. The Intellect solution is a single solution that supports various business lines across Retail, Corporate and SME segments.
|Level of tailored products||Standardized||Customized||Personalized|
|Business Offering||Standard offerings||Customizable products||Individualized solutions|
|Revenue Driver||Volumes||Mix of volume & value||Value|
|Fee Structure||Standard||Transaction based||Highly customized|
|Customer experience||Transaction oriented||Product - oriented||Relationship oriented|
With richness in the product parameterization flexibility, efforts to introduce new products in the market is negligible due to large no of ready-to-use product templates, interest and fee components
With this inclusive list of few offering, banks can innovate and explore new product offerings to create a niche in the market.
- Mortgage Solutions, Auto Loans, Unsecured Personal Loans, Educational Loans, Loans against Deposits, White Goods Loans, Precious Metal Loans, Loan against Securities
- Working Capital Funding, Dealer Finance for Fleet of Vehicles, Invoice Discounting, Equipment Finance
- Long Term loans, Syndication solution, Leasing Solutions, Revolving Credit, Commercial Vehicles Finance
Intellect Lending is a total loan lifecycle management system that administers all aspects of lending – Repayments, Accounting, Rescheduling, Top up, Delinquency management, Due creation and Accrual with established interfaces connecting with any core banking system, payment gateways and external GL systems.
- Embedded with solutions like Collateral management for asset lifecycle, Credit Limit management. Syndication of loans, Securitization of debts and Leasing processes.
- Parameterizable Product Creation ensure more creative, competitive and customized offering to the customers
- Flexible amortization schedule based on customer cash flow that supports stepped up or stepped down patterns, Bullet or Ballooning of repayments, Varied frequencies of Principal & Interest, Moratoriums, etc.
- Flexibility in restructuring and repayment of Loans any time during the loan lifecycle
- Supports Multi currency product management and Cross currency transactions
- Hybrid interest rates for complete pricing flexibility, with base rate and margin management at various levels and Auto reschedule process for interest rate changes
- Automated delinquency management process with NPL provisioning, Stop accrual and Watch installment functions
From the scalability perspective, Intellect Lending was successfully tested with Oracle Labs for benchmarking with 15 million loans with over 5000 concurrent users.
PROVEN EXPERTISE SPEAKS FOR ITSELF
One of the largest leasing company in Germany, wants a loan system to handle a wide range of services for their Project finance and Dealer finance for their Vehicles loans portfolio
One of the Premier banks in UAE, requires a system that provide the solution for their complicated business requirements in their loan portfolio. The bank has chosen Intellect Lending to support their range of loan products from the Retail & Corporate standpoint
Won Asian Banker Technology Implementation Awards for Lending solution implementations in Abu Dhabi Commercial Bank & Saigon Hanoi Bank
PARTNERING FROM THE BEGINNING TO THE END – AND BEYOND
At iGCB we believe in complete partnership, not just in being another ‘vendor’. We will engage with you during the creation of the product for your line of business with the system to ensure quick ‘go to market’ strategy and provide effective and efficient workarounds for your unique functionalities / processes. Our expert teams will also help in defining your ‘go-to’ process through pre-configured designed products. In addition to this, we provide you with near real-time scenarios to run the Business scenario simulation. Our experts also elucidate how to bundle the multiple business products with existing re-usable components.
We aid quick implementation of the system in approximately 24 weeks
FULLY SCALABLE, ROBUST, SOA-COMPLIANT PLATFORM
The Intellect full-spectrum banking suite is built on Java, J2EE standards and is built from ground-up to be highly scalable, reliant with high-performance throughput with the ability to process up to 100 million transactions per day.
Having been built on open standards, the products within the Intellect suite are application-server and operating-system agnostic and are capable of being deployed in both on-premise as well as hosted-modes, giving customers high-degree of flexibility while driving down TCO.
The Intellect suite is SOA-compliant and incorporates robust service-enablement and powerful integration layers, with ready-made interface cartridges supporting several well-known backend product processors.
Digital is the way forward for banks and financial services organizations. In fact, Digital encompasses everything of all types of banking. To enable them leverage digital, Intellect's design philosophy, a key differentiator in developing solutions for the transformative agendas of CXOs, ensures a dramatic shift from disjointed digital activities to strategically aligned digital outcomes. The full spectrum advanced intellect suite of products is built on iDigital, which delivers a uniquely comprehensive digital platform to financial institutions.