Credit Factory

Manage lending processes more efficiently and achieve better results

LENDING AUTOMATION SYSTEM — CREDIT FACTORY

Fast, cost-efficient implementation of comprehensive solutions for automating retail and corporate lending processes, based on our own developments. The platform integrates easily with the bank's existing systems and services

Why implement Credit Factory

  • Banks are closely tied to the information technologies that deliver end-to-end business automation. Modern information technology has a dramatic effect on banking business processes and takes them to a new, higher level.
    The growing volume of banking business, its management and performance assessment call for modern solutions that simplify and automate business processes.
  • A lending automation system does exactly that: it reduces and optimizes the time and resources spent on issuing loans and serving customers.

Credit Factory — our own platform for building a lending pipeline

The lending automation system collects credit applications from various channels: the web, points of sale and mobile devices. The solution also verifies the customer's identity and contact details, assesses creditworthiness automatically or manually, prepares and stores documents electronically, transfers funds to the customer or counterparty, and receives and tracks payments. The system supports the customer throughout the entire loan lifecycle

  • 18 Launched Credit Factory at VTB in 2018
  • 4 Increased the flow of applications by a factor of 4
  • 3 Cut the time to decide on a loan by a factor of 3
  • 17 The loan portfolio grew by 17%

  • A single
    system

    Fast and convenient processing of loan applications in a single system

  • Online and offline

    Lending decisions in real time and fully automatically

  • Data storage

    Storage of the loan application processing history for analysis, forecasting, modelling and growing the flow of customer applications

  • Comprehensive analysis

    Better loan quality thanks to comprehensive analytical processing of the potential borrower's data

  • Transparent processes

    Full process transparency: every stage of work on an application can be traced

  • Easy integration

    Integration with any external information source at any stage of the application journey

How Credit Factory helps banks

  • 1 Optimizes processes

    The system reduces customer service time and lowers the financial cost of support

  • 2 Simplifies work

    No time needs to be spent training staff, as the interface is logical and intuitive

  • 3 Collects data

    The system collects and stores all loan application data so that banks can analyze, forecast, model and grow their customer base

The credit risk automation system has significantly reduced the workload on our staff. The time needed to issue a loan has halved. And thanks to the data the system collects and stores, we can build our own rules and ratings to reduce risk.

Why Kazakhstan's top 10 banks
choose Prime Source solutions

  • Products by other
    developers
  • Hard to tailor to a specific client
    Off-the-shelf offerings from large companies are harder to customize, configure and adapt to the reality of a particular customer, because they use closed source code and/or are tuned to a specific market
  • Costly implementation
    Solutions from large, well-known international players are usually more expensive and take more time. Additional products and licenses have to be purchased
  • Product by
    Prime Source
  • Easily customized for any client
    We use a flexible modular architecture so that every customer can choose the implementation option that suits them. We work with open source code
  • Cost-efficient implementation and maintenance
    We use our own developments, so our solutions are more affordable, faster and more effective. No additional modules or licenses are required. Once our system is implemented, you can maintain it yourself

Our own developments help banks implement the platform quickly and cost-effectively

  • Pricing

    Clients do not overpay for licenses or additional software and can implement the solution module by module

  • Efficiency

    High performance of the system's modules

  • Convenient system

    An intuitive interface makes the system and the lending processes easy to manage

  • Fast configuration

    Products can be changed and functionality extended quickly thanks to convenient settings

  • Open source code

    The system can be enhanced in-house to handle non-standard tasks

  • Interoperability

    Integration with ESB and ODM systems

What the lending automation system includes

  • 1

    Reporting module The component generates standard and custom reports

  • 2

    Application management module The component creates and stores customer data

  • 3

    External application integration module The component enables interaction with other applications: AML, the State Centre for Pension Payments, core banking systems and others

  • 4

    Document flow module The component configures how documents move through the system and ensures compliance with internal requirements

  • 5

    Credit committee decision-making module The component lets credit committee members vote and preserves the history of decisions

  • 6

    Administration module The component identifies users and distributes permissions among employees

  • 7

    Fraud prevention module The component assesses the threat of fraud according to defined rules

  • 8

    Scoring module The component makes automatic decisions on approval, amount, price and the need for additional checks



Clients

Other products

Robotic Process Automation (RPA)

Reach new frontiers of productivity

Customer Experience Management

Uncover hidden opportunities for growth and improve performance at every customer touchpoint

Business Process Management

Manage business processes more efficiently and achieve better results