As "IShBANK" completed automation of issuance of credits

On November 26, 2015 it became known of implementation of a software technology of Power Curve Originations in a branch network of JSC IShBANK bank.

Prerequisites of the Project

According to messages of the press service of bank, up to implementation processes of issuance of credits and underwriting were conducted "manually". Solutions on similar situations could differ from each other as were accepted by different employees. For consideration of one credit request more than two days could leave. At the same time the bank interacted only with one credit bureau.

Office IShBANK in Kazan (2014)

Project Progress

Implementation is complete in August, 2015.

From September to October, 2015 the customer unrolled a system on all branch network, since October Power Curve is used in all departments of "IShBANK" in Russia.

Project Results

With system implementation of automation of data exchange between financial institutions, JSC IShBANK was received by the credit pipeline by means of which decision making process according to credit requests in four directions of crediting is automated:

• credit cards,
• consumer loans,
• car loans
• mortgage.

The bank had an interaction opportunity with three large credit bureaus of Russia in the automatic mode.

Maxim Chistyakov, the head of department of strategic development risk technologies of JSC IShBANK, noted:

- In addition to successfully implemented credit pipeline we first of all received tools for process control of decision-making according to credit requests thanks to which an opportunity rather quickly appeared to react to market changes of retail lending.