Fora-Bank automated SME lending together with FIS

2025: Implementation of the FIS credit pipeline

Fora-Bank implemented FIS credit pipeline for the digitalization of the processes crediting of legal entities and. individual entrepreneurs The FIS system also contributed to the automation financial of calculations and ensured effective monitoring of the financial condition of borrowers. bank It is expected that thanks to the solution, a large range of tasks of the digital transformation of Fora-Bank will be closed. This was announced on April 1, 2025 by the company. FIS

{{quote 'Lending to legal entities is one of the main business areas of the bank. Fora-Bank is undergoing a digital transformation stage. We were faced with the task of automating the existing credit process in the bank, taking into account the digitalization of the economy as a whole and the requirements of the Bank of Russia, as well as increasing the efficiency of credit analysts, minimizing operational risks and providing a tool for management accounting. Together with FIS, we have already partially automated the credit process, including consideration of applications at the bank's credit committee and the possibility of remote voting, standardized the conclusions of specialized services and created a single base for storing an electronic credit dossier. As of April 2025, the bank is represented in 18 regions of the Russian Federation and has 179 offices. The credit pipeline made it possible to administer and control the stages of applications and the loading of employees. By the middle of the second quarter, we plan to complete the process of automating the assessment of the financial position of borrowers and move on to integration with BCH in terms of analyzing credit history, as well as creating a single base of collateral in the bank, "said Alexandra Blagushina, Deputy Head of Commercial Lending at Fora-Bank.}}

The development of a customized pipeline for the requirements of Fora-Bank began on the eve of 2024, and in November - the first users were connected to the system.

Customized conveyor allows Fora-Bank to:

• automate the full cycle of SME lending - from the establishment of the application and its approval to the approval and issuance of the loan;
• integrate the lending process of legal entities with ABS and SPARK;
• automatically upload the reporting to the NBCH;
• organize the work of more than 150 managers and employees of the bank's specialized services in a single system - client, credit, collateral, legal, middle office, risks and security services, as well as members of the credit committee.

The FIS team also automated the loading and analysis of accounting statements, decryptions and reverse balance sheets of bank borrowers, as well as the calculation of their financial indicators. In the spring of 2025, regular monitoring of the financial situation of SME customers is also expected.

With the introduction of a large-scale FIS credit pipeline for SMEs, we begin cooperation with Fora-Bank, one of the most stable players in the financial services market. Our flexible and tailored system provides a solid technological base for efficient and uninterrupted lending to legal entities, regardless of the volume of the portfolio, "said Daria Kamyshova, FIS Development Director.

We do not stop there. In terms of the development of the credit pipeline, UL and IP by the end of the year plan to automate the analysis of credit history from the BKI, to create a single base of collateral. It is also planned to prepare credit and security documents as part of the conveyor (as of April 2025, the CODE is drawn up out of system), instructions for the back office and control over the suspending terms of the credit transaction. On the basis of an already implemented solution for legal entities and individual entrepreneurs, the bank is considering the possibility of automating the credit process for individuals, the Fora-Bank expert added.