FIS has implemented a credit pipeline for legal entities in its "Bank"

2023: Implementation of "FIS Credit Pipeline for Legal Entities"

An automated corporate lending system based on the domestic no-code platform FIS Platform - FIS Credit Pipeline for Legal Entities - was launched in JSC Svoy Bank. The bank announced this on November 3, 2023.

A comprehensive solution for corporate lending, implemented in order to digitalize the business and speed up the processing of applications, was launched in 3 months (MVP stage). Despite the tight time frame, the FIS team created a high-quality and efficient system.

FIS Credit pipeline for legal entities allowed the bank to:

• shorten the processing time of applications;
• ensure a transparent process of tracking the status of requests and deadlines for task execution by experts;
• form and fill out the borrower's credit file directly in the system;
• create a competence center for development on the platform for the independent implementation of system improvements without the participation of the vendor.

The launch of corporate lending at Svoy Bank is another step towards the creation of a fully functional digital bank. FIS has already implemented the FIS Collection debt collection automation system for the bank. In the future, the teams of Svoi Bank and FIS plan to continue joint automation of business processes based on the no-code of the FIS Platform for collateral lending and SME lending.

With the help of FIS, we managed to launch a credit pipeline for legal entities based on the no-code of the FIS Platform in just 3 months. We received not only a tool for working with corporate clients, but also a technological basis for further scaling and business development. We expect that in the future this decision will allow the bank to increase its corporate loan portfolio in the volumes provided for by the development strategy and business plan. FIS has proven itself well. The entire team has demonstrated a high level of professionalism and a responsible attitude to the matter. I note that during the implementation of the project, all the tasks set were completed on time, which in turn indicates a good organization of work and correctly built business processes in the team, - commented Olga Goryukova, Director of the Risk Management Department - Member of the Management Board of Svoy Bank.

After the launch of the credit pipeline for legal entities, we continue to actively increase the functionality of the FIS Platform in the bank, "said Maxim Chistyakov, FIS Development Director. - It is also important to note that the introduction of the system for corporate clients in JSC Svoy Bank allowed FIS to improve expertise in the implementation of customized solutions of this type in order to effectively apply it when implemented on other projects.