How a leading financial institution successfully meets its digitalization and risk management objectives

The financial institution was able to meet its objectives with Azentio Banking Digital Lending platform, used in tandem with Azentio Banking Analytics. For the first phase of implementation of the project, the financial institution decided to launch Unsecured Lending solution. To arrive at the most optimized solution, which would offer fast and efficient loan application process to their customers, the financial institution and Azentio teams conducted multiple sessions reviewing and validating the journey for the customer.

 

With its advanced analytical models, Azentio Banking Analytics helps generate best pre-approved offers for its customers, while Azentio Banking Digital Lending supports quick decisioning with instant credit scoring capabilities. These tools check the customer’s credit score, combined with several parameters defined uniquely as per the institution’s rules and policies.

 

Supported by user-friendly configurations, automated credit decisioning by Azentio Banking Digital Strategy Box and Azentio Banking Digital Lending, the financial institution can now provide loans with straight-through processing (STP) for most of the eligible customers. For customers, who are not eligible for STP, the system redirects the application to the institution’s users for underwriting and decisioning.

 

The detailed planning mutually carried out by both the teams at Azentio and the financial institution, along with the routine steering committee and daily scrum meetings, ensured efficient and smooth implementation and no major issues post Go-Live.