Scorto Announces New Platform Designed Specifically for Online Lending
Advanced risk assessment mechanisms and business flow management capabilities establish a holistic approach to full cycle online lending.
February 5, 2013, Cupertino, California. – Scorto, a globally recognized provider of decision automation solutions and services, announces the release of Turnkey Lender, a complete solution for internet lending. Turnkey Lender is sufficient to facilitate the entire lending cycle: from loan origination and credit line management, to debt collection and compliance with regulatory requirements. Due to the modular architecture of the platform, it can be provided as a turn-key technology solution, or as task-specific modules.
"We’ve designed Turnkey Lender to introduce a holistic approach to online application processing. The system empowers internet lenders to create scalable platforms and provide a superior experience to their clients." – Says Jonathan Clayton, Head of Risk Management Systems R&D. – "Turnkey Lender enables a robust and disciplined approach to online lending. And, as with all Scorto solutions, Turnkey Lender also provides industry-leading risk management capabilities through extensive use of predictive models and visual interfaces for the design and administration of decision flow management."
Features of Turnkey Lender include:
- Credit scoring module
- Decision and workflow management interface
- Loan monitoring and early warning system for loan portfolio
- Protection from various types of fraud
- Automatic approvals and rejections
- Automatic payment distribution
- Automatic report generation
- Conversion of e-docs and disclosures
- Portfolio and subscriber base monitoring as well as regulatory requirement reporting.
About Scorto Corp.
Scorto Corp. is a globally recognized provider of decision management and risk mitigation solutions and services. Scorto’s business intelligence tools allow accurate decisioning and improve operational efficiency. The company was founded in 2005 and is headquartered in California with seven international representative offices. Scorto was included into FinTech 100 ranking of the top global technology providers to the financial services industry in 2011 and 2012. For more information about Scorto’s products and services, visit www.scorto.com.