Credit Decisioning and Approvals
Improve process efficiencies and profitability by making faster, well-informed credit decisions.
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.
Increase Automation
Make automated, instant credit decisions based on institution's policy rules.
Gain Efficiency
Increase underwriting efficiency and reduce turnaround times.
Increase Flexibility
Flexibly implement and maintain business rules, approval workflows and underwriting screens.
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.
„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
