Automated credit decisioning
LBBW uses the ACTICO Credit Decision Platform.
About LBBW
LBBW (Landesbank Baden-Württemberg) is a universal bank focusing on commercial, real estate and project finance. With a balance sheet of bn257 EUR (as of 2019), LBBW is one of the largest banks in Germany. LBBW employs around 10,000 employees at 150 offices globally.
ABOUT THE PROJECT
- Implementation of a credit decision engine for credit origination for new and existing customers (retail and corporate exposures)
- Configuration of bank-specific policy rule sets and workflow rules for automating of credit decisions
- Integration with end-to-end origination systems and core banking applications
Customer Benefits
- Automation of credit decisioning workflows and thus reduction of credit underwriting process times and costs
- High level of flexibility and agility for configuration of bank-specific requirements
- Fully auditable documentation of credit decisions and centralized management and parametrization of credit decision rules
ACTICO PRODUCTS IN USE
„Powerful and future-proof IT systems are very important to me. They enable us to meet our customer’s demands, allow us to reduce the process complexities, and thus optimize costs. They are a core requirement and pre-requisite to continue our digital transformation.”
Tamara Weiß
Director Credit Risk Control and Processes, LBBW