Credit Decisioning and Approvals

Improve process efficiencies and profitability by making faster, well-informed credit decisions.

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Credit Decisioning and Approvals

Streamline and automate credit decisioning and approval workflows

The financial services industry is evolving rapidly. Financial institutions (FIs) are required to increase profitability, drive customer acquisition, and improve efficiency. To meet these expectations, organizations must leverage the right technology. Tools that enable to tackle virtually any risk decisioning or approval workflow to make digital and faster lending decisions are of essence.

That’s where ACTICO’s Credit Risk Platform comes in. The no-code, secure cloud-based technology empowers business users to easily create automated decisioning and approval workflows. Leveraging ACTICO’s digital decisioning platform, organizations have the highest degree of agility and flexibility to meet each organization’s unique set of policy rules and decision strategies.

Graphically configure credit policies and decision rules using a graphical drag-and-drop editor

Key Capabilities

Process Credit Applications from any Inbound Channel

Process credit applications received via a WebService API and / or capture credit applications manually using built-in, web-based user interfaces.

Graphically Configure Policy Rules and Decision Strategies

Configure, test, document and activate your organization’s unique set of policy rules and credit decision strategies with a user-friendly no-code rules editor.

Fully-automated Decisions and Manual Approval Workflows

Driven by an organization’s policy and decision strategies, credit decisions can be made fully automated or involve user interfaces and workflows for manual underwriting.

Seamlessly Integrate Third-Party Data

External data sources are an essential source of information. The Credit Bureau Gateway provides seamless integration with external data providers, such as credit bureaus.

Full Data Auditability for Policy Compliance

All automated decisions by the rule engine, and manual inputs / approvals performed by end users are stored in a detailed audit trail.

Simulate New Versions of Decisioning Strategies

Credit decisioning strategies can be tested before activation by simulating updated rule models against a historic set of credit applications.

Benefits

Increase Automation

Make automated, instant credit decisions based on institution's policy rules.

Gain Efficiency

Increase underwriting efficiency and reduce turnaround times.

Become Fully Digital

Leverage a centralized cloud-based solution that can be accessed anytime from any device.

Increase Flexibility

Flexibly implement and maintain business rules, approval workflows and underwriting screens.

Create Analytical Insights

Access pre-built and custom reports and dashboards to monitor and track performance metrics across the FI.

Ensure Compliance

Leverage data and process auditability to comply with all relevant internal and external policies.

"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 Process | LBBW

Success Stories

Higher speed and efficiency for the credit decision

SüdLeasing gains efficiency and speed through digitization and automation of credit decisions.

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Credit risk assessment of corporate clients

VW FS uses the ACTICO Credit Risk Management Platform.

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Automated credit decisioning

LBBW uses the ACTICO Credit Decision Platform.

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Credit risk assessment for car finance and fleet finance

LeasePlan uses ACTICO to automate risk rating and credit decisioning for corporate clients.

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