Foresight Credit Management

Automated loan and investment bank activity starting from credit application reception to closing transaction

Implemented Solution

Reduces cost and human resources required for preparation and implementation of transaction and investment projects

Reduces time to prepare and create credit applications

Reduces human factor based errors

Reduces financial loss due to quality expert evaluation of transactions and investment projects

Improves the quality of customer services

Builds an analytical database to make correct management decisions

The product solves the following tasks

Creating and recording credit application received from different information channels (front office, sale points, E-banking or mobile banking, CRM, etc.)
Borrower's credit score and credit risk level of potential transaction
Evaluating borrower and his counterparts, detecting of fraud or unfair acts
Preparing and approval of credit and collateral documentation
Monitoring repayment discipline and actual borrower's activity
Monitoring bad debts and controlling interaction with debtors

Architecture overview

Functionalities

Recording credit application
Underwriting of credit application
Making decision on credit application
Creating a credit
Credit maintenance
Business process management
Analytical reporting

Omnichannel application reception: bank front office (manager's desktop/web application), account (Internet portal), remote banking services (mobile application)
Populating product warehouse with data about applications recorded in bank CRM/ABS
Processing large amount of input data using In-Memory
Automatic selection of credit parameters based on requested customer conditions
Processing of different types and categories of customer applications (consultation, application submission, optimal condition selection, etc.)
Creating a credit via partner network (bank partners and sale points in retail)

Automated pre-scoring
Verifying credit score based on alternative sources (credit bureau, black lists, bailiff service)
Building internal borrower's scorings (application-scoring, behavioral-scoring, fraud-scoring)
Populating application with open source or paid data
Analysis of transaction collateral

Automated decision making support at different levels (authorized person, authorized body) from "microcredit to billion credit"
Automatic consolidation and preparation of documents required to make a decision on a credit application
Remote processing and voting on a credit application including mobile devices
Generating reserve according to regulator requirements
Evaluation and control of actual bank limits
Credit applications funding
Creating suspensive conditions and covenants of the future credit contract

Automated creation of the full set of credit and collateral documentation on credit application using standard MS Office tools
Automated approval of credit and collateral documentation between customer and bank; preparation and generation of disagreement protocols
Using digital signature to check document authenticity
Automated creation of accounts and bookings with recording all information in ABS
Tools to create and manage the archive of signed credit contracts

Regular monitoring of credit transactions including automated creation of all necessary documents and reports
Timely informing of credit manager about potential issues
Monitoring borrower's repayment discipline
Automated application of procedures to work with bad debts

Flexible and convenient tool to set up application route as a chart using standard elements of BPMN and BPMN 2.0 notations
Life cycle maintenance of credit application: from application reception by bank to application closing and archiving
Unified processes for various borrower's types and credit conditions, including processing of individual conditions
Creating tasks for business process participants with standardized assignment of agents, task execution alternatives, deadlines, tools
All required information about borrower and his application/request/contract is always available to agents along with a task to be executed
Viewing application route and current status (concluded and future steps)

Reporting on active applications (Pipeline)
Reporting on granted credits
Reporting on customers
Reporting on collateral
Reporting on limits and funding
Reporting on business processes
Reporting on employees' activity

Omnichannel application reception: bank front office (manager's desktop/web application), account (Internet portal), remote banking services (mobile application)
Populating product warehouse with data about applications recorded in bank CRM/ABS
Processing large amount of input data using In-Memory
Automatic selection of credit parameters based on requested customer conditions
Processing of different types and categories of customer applications (consultation, application submission, optimal condition selection, etc.)
Creating a credit via partner network (bank partners and sale points in retail)

Automated pre-scoring
Verifying credit score based on alternative sources (credit bureau, black lists, bailiff service)
Building internal borrower's scorings (application-scoring, behavioral-scoring, fraud-scoring)
Populating application with open source or paid data
Analysis of transaction collateral

Automated decision making support at different levels (authorized person, authorized body) from "microcredit to billion credit"
Automatic consolidation and preparation of documents required to make a decision on a credit application
Remote processing and voting on a credit application including mobile devices
Generating reserve according to regulator requirements
Evaluation and control of actual bank limits
Credit applications funding
Creating suspensive conditions and covenants of the future credit contract

Automated creation of the full set of credit and collateral documentation on credit application using standard MS Office tools
Automated approval of credit and collateral documentation between customer and bank; preparation and generation of disagreement protocols
Using digital signature to check document authenticity
Automated creation of accounts and bookings with recording all information in ABS
Tools to create and manage the archive of signed credit contracts

Regular monitoring of credit transactions including automated creation of all necessary documents and reports
Timely informing of credit manager about potential issues
Monitoring borrower's repayment discipline
Automated application of procedures to work with bad debts

Flexible and convenient tool to set up application route as a chart using standard elements of BPMN and BPMN 2.0 notations
Life cycle maintenance of credit application: from application reception by bank to application closing and archiving
Unified processes for various borrower's types and credit conditions, including processing of individual conditions
Creating tasks for business process participants with standardized assignment of agents, task execution alternatives, deadlines, tools
All required information about borrower and his application/request/contract is always available to agents along with a task to be executed
Viewing application route and current status (concluded and future steps)

Reporting on active applications (Pipeline)
Reporting on granted credits
Reporting on customers
Reporting on collateral
Reporting on limits and funding
Reporting on business processes
Reporting on employees' activity

Helpdesk Support

Our specialists provide comprehensive technical support concerning all software product use to our customers and partners. To effectively and successfully work with our solutions, use various helpdesk support services.

About Developer

Foresight is a Russian vendor and developer of innovative digital analytics platform, Platform-based products, mobile platform for creating secure mobile business application.

Currently, there are platform-based analytical systems used by customers in 70 countries to increase management efficiency and search of new business growth trends.

We develop standard BI solutions allowing corporate, government and banking companies to successfully solve analytical tasks.

CONTACT US

Moscow

127521, 72, Oktyabrskaya St. Tel.: +7 495 137-54-98 info@fsight.ru

Perm

614066, 54, Stakhanovskaya St. Tel.: +7 (342) 299-54-98 info@fsight.ru

St. Petersburg

197342, 17, Beloostrovskaya St., building 2, office 317 Tel.: +7 (812) 426-98-54 info@fsight.ru

Full cycle of credit transactions