Loan Origination

ENABLE AUTOMATIC AND RELIABLE CREDIT DECISIONS

CRIF’s loan origination system is a fully tailored solution which facilitates creation and management of customized workflow in a very flexible way, enabling automatic and reliable credit decisions based on qualified traditional and innovative data.

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  • All bank products, all customer segments, one system only
  • Increased strategy and rule flexibility
  • Standardized and centralized governance
  • Time-to-yes
  • Operating cost reduction
  • Cost of Risk under control
  • IT impact reduction

  • Reduced time-to-cash
  • Smooth customer experience
  • Reduced manual activities (data entry and documents)
  • Paperless process

  • Pre-screening phase covering: Automatic data retrieval, KYC/AML, Traditional data source and Open Banking Data
  • Workflow system: Process orchestration with low/ no code, Easy integration with external data and back-end systems, Complex and engaging web interfaces, Live document creation, Process governance and monitoring
  • Underwriting and decision: Decision engine, Smart company forecasting, AI/Machine Learning, Risk Strategy and Policies automation, ESG Score
  • Disbursement and interfaces to back-end systems

HOW WE HELPED OUR CLIENTS UNLOCK THEIR POTENTIAL

Discover how some of the world's most important companies improved their performance and defined a brand-new digital path, both for them and for their clients.

for an online Retail Bank with a strong Nordic presence

CREDIT ORIGINATION PLATFORM FOR RETAIL LOANS

The client needed to automate loan origination process while improving multichannel experience and automatic approval

  • Fully Automated Origination Process
  • Automatic Approval within the Origination Process fully integrated with bank portals

  • +300 %

    Volume of applications processed

  • 55 %

    Savings in underwriting capacity

  • -50 %

    Time to cash

for a Tier-1 Bank.

FROM A STANDARD TO ADVANCED ORIGINATION SOLUTION

The client needed to automate the credit process and integrate pre-existing databases

  • Automated Credit process
  • Service Oriented Architecture based on Workflow and Decision/Rules Engine
  • Integration of a common database

  • -10 bp

    Cost of Credit

  • -38 %

    Time to Cash

  • -24 %

    Print and archive costs

for a Leading European Financial Services Company

AUTOMATED RATING AND DECISION ENGINE FOR CAR FINANCING ACROSS MULTIPLE COUNTRIES

The client needed to automate the rating process while implementing a decision engine and reducing the costs

  • New Decision Engine
  • New workflow

  • +10 %

    Increase in Automated Approval

  • +15 %

    Increase in application decisions in 15 min

  • -25 %

    Running Costs

  • -80 %

    Infrastucture Costs

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What does the next digital journey of your business look like? Let's find out together.

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