Intellect Corporate Origination system enables corporate customer acquisitions and credit evaluation solution for the entire Loan Origination life cycle, starting from application processing all the way down to the Credit approval. It is an integrated, parameterized and rule based system that supports Straight through Processing.
ARE UNDERWRITERS DEPENDABLE? BANKS NEED A POWERFUL ASSESSMENT & INTUITIVE RULES ENGINE
Large borrowers promise large returns. But they entail large risks. Consequently, bank’s credit policies change from time to time, both from its own experience and from regulatory intervention. Customer behavior and underwriters’ perceptions too vary. Increased stress from competition and increasing trend in delinquencies are some key challenges that any bank has to surmount to continue to lend with prudence.
It is therefore extremely important to assess the credit worthiness of the customer and the industry that they operate in objectively and according to prevailing policies of the bank, manual credit approvals not only take time, but do not provide the uniformity in assessment, the need of the hour an powerful assessment and intuitive Rules engine that can take over most of the functions of the underwriter.
As a result, banks are increasingly in need of configurable and robust loan origination solution that would help them meet the needs of their customers. To ensure uniformity in credit decisions the system should be able to support all policies of the bank and convert these policies into scorecards.
In Corporate Lending, one of the ways to reduce the processing time is to support Straight Through Processing by automating the credit decision process; the system therefore must have a robust Rules Engine.
UNIQUE BUSINESS RULES ENGINE TO POWER YOUR CORPORATE / SME LENDING STRATEGY
The Origination Solution has at its core, a Workflow component, a business rules engine, Application processing component, Customer Communication module, an imaging and document collection and tracking component, besides the Integrator for interfacing solution and a proprietary robust security kernel called Intellect Armor for security and entitlements. The flexibility provided in the design helps the bank modify process and also introduce new products to take on competition.
- 52 different assessment methods
- Industry ratios for peer comparison
- Cash flow analysis
- Maximum permissible bank finance simulation
- Application stress testing
- Supports process for Priority sector lending
- Configurable Credit Approval Memo
- System recommended limit based on scientific methods
- Easy to configure to configure processes, policies and score cards
- Graphical view for balance sheet comparison
PROVEN EXPERTISE SPEAKS FOR ITSELF
Intellect Origination is being used by the bank across various SME and Corporate segments. The Bank is now able to provide approvals to customers in record time. The system provides the various assessment methods to suggest the maximum permissible bank finance. More than 4000 users are using the system to deliver solution to customers.
Intellect Origination is being used by the bank not just for Originating Corporate loans but also to monitor the limits and controlling the draw down requests from customers.
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.
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.
Intellect Loan Origination System is recognized among leading Multi-Country LOS Vendors in CEB Tower Group report ‘Driving Digital Engagements in Replacing Lending Systems, 2014’
Loan Origination & Debt Management