ProgramBank: Credit Conveyor

Credit Conveyor is a front-office system, a comprehensive solution for automating the business processes of consumer, mortgage and car loans to individuals, lending to medium and small businesses and microfinance.

2014: Announcement of the "Credit Conveyor" solution

On October 31, 2014, ProgramBank announced the creation of a solution on the Java2EE platform - Credit Conveyor.

The system implements automatic initial verification of the application (verification of completeness and correctness of filling), calculation of the loan/limit amount taking into account insurance payments and commissions included in the loan amount, verification of compliance with the requirements of the credit institution by the borrower and other related persons (guarantors, co-borrowers, etc.) deviations from the requirements for the borrower.

Advantages

• "transparency" of the application life cycle;
• the ability to control the process of passing the application;
• the ability to assess the activities of decision makers and the effectiveness of various credit product sales channels;
• Reducing the time required for review and decision-making on applications due to the fact that part of the checks can occur automatically, and checks carried out by different departments can take place simultaneously;
• possibility of geographically distributed consideration and decision-making on applications;
• low costs of arranging the workplace of the credit inspector (broker);
• integration with ABS reduces time and labor costs for obtaining a loan, eliminates errors when transferring data from the system to ABS;
• The ability to use system data for analytical analysis and marketing decisions
• a powerful tool for promoting the bank on the Internet;
• partners and agents of the bank receive a mobile application for the on-line sale of bank products.

Functionality

• Users working with the system via the web interface
• Set up the requisition processing technology to meet customer requirements
• setting up the required set of checks on the application, carried out both automatically and by employees of the credit institution;
• automatic calculation of scoring score;
• automatic mode of requests for information to the credit history bureau and setting up automatic analysis of credit histories.

Simple Process Flow Chart for Request Processing