Kontur helped Vladbusinessbank speed up the verification of the borrower 6 times

2023: Introduction of the product "Kontur.Focus"

On July 18, 2023, SKB Kontur announced that VLADBUSINESSBANK had reduced the time to check the borrower from 30 to 5 minutes, thanks to the implementation of the Kontur.Focus API. The bank's experience will help any financial institution to optimize inspections of customers and counterparties.

VLADBUSINESSBANK, like any financial institution, conducts many inspections of the bank's clients and counterparties. When an individual or legal entity applies for the provision of a service, for example, opening an account, the bank is obliged to identify and assign a risk level to the client.

When an individual draws up credit - it is necessary to check both the borrower himself and his employer. If a legal entity applies for a loan, then check both the client and his counterparties: most often these are at least 20 companies with which he cooperates. The bank also evaluates its own counterparties that are involved in the bank's internal business activities in order to reduce the risks of non-repayment of receivables. In total, the bank estimates at least 300 individuals and legal entities per month. The number of customers was constantly growing, and to speed up the business processes bank decided to automate part of the checks with. API Contour Focus

The bank has integrated API Kontur. Focus into its business processes in several stages. The implementation was carried out by the credit institution's own IT specialists and business process owners.

At the first stage, the bank created a program where the Focus API data was built in. It allowed the TIN to conduct a single or mass inspection of the company and upload the report to Word. This report was used to assess the borrower - a legal entity when lending for insignificant amounts.

At the second stage, the Focus API was implemented in Excel and set up automatic customer scoring, which determines the client's rating and risk level in accordance with the requirements of the Bank of Russia.

At the third stage, the Focus API was built into the Automated Banking System (ABS).

Now it is enough to enter a TIN, and the card of a client, legal entity or entrepreneur will be formed in seconds. Further, the information from the customer card is automatically processed in the ABS or, depending on the type of business process, uploaded to Excel to determine the customer's rating and risk level.

The introduction of the Contour Focus API allowed the bank to speed up several times all types of inspections of customers and counterparties. The process of opening a current account is 3 times faster, takes no more than 15-20 minutes. The check of the borrower's debtors and creditors has accelerated 6 times, ends in 5 minutes instead of the previous 30.