Requirements related to credit origination systems are increasing – today, lenders require software solutions that support end-to-end credit origination processes that are efficient, and always comply with regulatory guidelines. In addition, origination systems need to be flexible and able to adapt to changing credit policies and business requirements. The Credit Workflow & Origination module is a robust and scalable software solution for automating credit origination processes.
The ACTICO Credit Workflow & Origination Module is available on premise or in the cloud. Discover ACTICO Cloud Services!
Credit applications can be imported and processed from multiple channels, e.g. online portals, branches. Furthermore, credit applications can also be captured using web-based front-ends provided by the software solution. The system supports complex relationships, e.g. applications by groups of connected clients, and management of related facilities and collaterals.
The Credit Workflow and Origination module is seamlessly integrated with ACTICO's financial spreading and risk rating modules. Thus, banks can perform quantitative and qualitative risk assessment based on bank-internal spreading templates and rating models and integrate such information into the credit origination and decisioning rules.
Credit applications are evaluated against a lender’s specific credit policies and strategies. Additionally, banks and financial institutions can execute compliance checks, such as matching against blacklists and fraud detection. The underlying business rules can be flexibly adapted at any time using ACTICO Rules, our graphical business rules management system.
The software supports both, automated and complex manual underwriting and approval workflows. For manual decision-making processes the end users are provided with web-based user interfaces to see all details of a credit application, e.g. credit data, company financials, risk ratings, deal structure. Each application can be taken through complex group and role based approval workflows. All user input and actions are subject to a detailed audit trail within the application. All business rules (e.g. credit policies for automated approvals, rules to determine approver level) and workflows (e.g. multi-stage role-based approval workflows) are defined and administrated using ACTICO Rules.
"Since tedious programming is no longer needed to implement our rules, we can take our changes to the market much faster.”
Credit Workflow and Origination module is based on a flexible framework that
ensures the application can be adapted to meet any organization’s unique
requirements. This includes all business rules (e.g. credit policies), data
entities (e.g. client, facility, collateral), user interfaces, and processing
and approval workflows.
Risk Management Platform provides several out-of-the-box modules that are
integrated with the Credit Origination module, including but not limited to
management of complex client relationships, groups of facilities, and
powerful financial spreading and credit risk rating capabilities. All aspects
of the system are configurable, so you can configure the application to suit
each organization’s needs and processes.
application data can be captured manually or interfaced from existing internal systems. The Credit Bureau
Gateway provides standard connectors to various credit bureaus worldwide to integrate external data sources for data enrichment.
Credit decisioning strategies can be tested before implementation 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 optimize credit origination processes.