Purpose: customer acquisition, credit application processing, application scoring, loan origination.
Organizations need Scorto™ Loan Decision because
- This is the way to increase the profitability of credit application decisions
- It simplifies the management of loan originations and makes operations more efficient
- Bank customers demand fast decisions
- Credit risks should be under control when credit portfolio increases
- Market changes require constant adaptation of decision rules & scorecards
- External pressure to reduce cost should be addressed via automation
Concept and Key Tasks
- Decision flow automation with the ability to design and put in production decision strategies, credit application processing flows, business rules via intuitive drag-n-drop interface. In spite of easy-to-learn interface, any level of flows complexity, any number of steps or sub-strategies, any kind of calculations and risk evaluation models are supported
- Loan origination process automation, management, monitoring, and evaluation. Support for “champion-challenger” mode
- Application data input, application routing among the participants of decision-making process with the system of specialized web-based workplaces
- Data verification and comparison to any internal or external data sources
- Custom application forms and entry forms design through the specialized interface
Value Proposition
- Very powerful, and almost no functional limitations
- Incredibly intuitive and easy to use
- No limit in terms of number of users, or number decision/workflows
- Allows for Business Process and Business Rules Management in one easy to use solution
- Flexible and easily integrate-able with most major banking systems and DBMS’s
Examples of Industries and Applications
- Banking & Finance
- Credit Risk Management
- Front & Back Office Processes
- Automation of Loan Application Processes
- Credit Scoring
- Insurance
- Application Processing and Scoring
- Claims risk management
- Underwriting
- Telecommunications
- Application Processing