The Credit Decision Platform supports banks and financial service providers streamlining their loan origination processes and increases operational efficiency in the credit decision making process. The credit decision engine helps to precisely analyze credit risk, automate underwriting and origination workflows, and optimize integration with third party data providers.
The ACTICO Credit Decision Platform is available on premise or in the cloud. Discover ACTICO Cloud Services!
Loan applications can be imported and processed from multiple channels, e.g. online portals, branches. Furthermore, loan applications can be captured using web-based front-ends provided by the solution.
Credit applications are evaluated against lender’s specific credit policies and strategies. Additionally, banks and financial institutions can execute compliance checks, such as matching against blacklists and fraud detection.
All credit data is stored in a central data repository, and the results of the credit decision process are made available to dependent systems, e.g. core banking systems) In addition, the platform is able to generate documentsm e.g. contract templates, from a credit application.
External data sources are an essential source of information - especially for new clients. The Credit Bureau Gateway provides seamless integration with external data providers, such as credit bureaus.
As part of the origination process, lenders need to conduct a credit check to assess the creditworthiness of potential borrowers. The Credit Decision Platform supports the implementation of any internal credit risk scoring and risk rating models.
Dependent on each bank’s credit policies and guidelines, loan decisions can be automated to any extent. If required, the solution also supports complex multi-level and role-based approval processes.
"With our new technology we can now optimize the fully automated decision-making systems of the whole credit management process."
Our Credit Decision Platform enables standardized and consistent lending decisions to be made on a centralized platform. The platform supports any number of diverse credit institution requirements including product and country-specific requirements.
Complex loan origination strategies are modeled in the Credit Decision Platform using graphical rules. New and amended business processes and rules can be flexibly implemented, tested, and integrated.
All internal and external data for a credit application is housed in an audit-proof data warehouse. Comprehensive metadata is saved for every system and user action, including the content, author, and time of a data change.
The Credit Decision Platform
reduces processing times and enables the partial or full automation of the
credit decision process. Depending on a bank’s lending policies and guidelines, applications can be sent to a loan officer or credit analyst for manual underwriting.
Credit application data can be captured manually or imported from existing front-end systems. To interface with external data sources for data enrichment, the Credit Bureau Gateway provides standard connectors to various credit bureaus worldwide.
Credit decisioning strategies can be tested before they are placed into operation, which is completed by simulating revised rule models against a historic set of credit applications. During operations, the software tracks extensive meta data, such as processing and idle times, providing valuable insights and helping to optimize loan origination processes.