Client Overview
The client is a leading European bank that wanted to best assess the creditworthiness of their customers and to reduce the risk of potential insolvency. Therefore, more and more often they used a credit check software, which allowed them to determine the risk of an undesirable event such as a defaulted loan. Such solutions are often one of the key elements of the entire system infrastructure supporting the bank’s employees in the credit granting process.
Business Challenge
- Increase in risk potential of insolvency
- Requires more time for checking the creditworthiness of the customers
- Numbers of risky loans granted in the market
- More manpower is needed for the calculations of credit check
- Risks of human error while calculations of credit check
Solution Highlights
- All customers are precisely rated
- Efficient customer management
- Minimizing the risk of a wrong decision or granting a loan on conditions unfavourable to the bank
- Constant monitoring – all data and scoring calculations are performed and stored in one place
- Ensure significant increase in loan sales
Benefits
- No need for manual data entry
- Real-time credit scoring
- Fast & accurate credit decisions
- Automation of the credit assessment process
- Minimizing the risk
- Comprehensive credit policy management
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